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Carbon Market Watch - Latest News [Page 1]
Oxy’s Plans For “Net-zero Oil” And Carbon Removal Offsets Spell Trouble For The Climate – Report
Sunday, 5 May 2024, 6:25 am | Carbon Market Watch
The net-zero strategy of Occidental Petroleum (Oxy) relies heavily on unproven carbon removal technologies to camouflage its fossil fuel emissions and those of its customers while expanding its oil and gas production, a new investigation reveals. More >>
Going For Green: Is The Paris Olympics Winning The Race Against The Climate Clock?
Thursday, 18 April 2024, 6:49 am | Carbon Market Watch
The 2024 Paris Olympics promises a gold-winning climate performance and to set the pace for future games. Our in-depth assessment reveals that, despite improvement, the carbon footprint of the Olympics remains far too high to be sustainable. This ... More >>
COP27: Governments Must Slash Emissions, Not Ambition
Thursday, 3 November 2022, 6:01 am | Carbon Market Watch
As Carbon Market Watch prepares to attend the COP27 climate conference in Sharm el-Sheikh, we urge the international community to commit to far more ambitious climate action. Negotiators must design effective and fair carbon markets under Article 6 ... More >>
Environment Ministers Weaken Emissions Trading System In A Race To The Bottom With European Parliament
Thursday, 30 June 2022, 6:37 am | Carbon Market Watch
Rather than correct course after the European Parliament’s shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU's Emissions Trading System (EU ETS) even further. Moreover, the Environment Council ... More >>
Carbon Copy: MEPs Vote For Emissions Trading System Reforms They Rejected Two Weeks Ago
Thursday, 23 June 2022, 6:22 am | Carbon Market Watch
After being recently voted down in the European Parliament, the reform of the EU’s Emissions Trading System (EU ETS) was successfully passed today. But there’s little cause for celebration: while the changes might appear favourable at first glance, ... More >>
EU Parliament Sends Carbon Market Review Back To The Drawing Board
Thursday, 9 June 2022, 6:17 am | Carbon Market Watch
In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee ... More >>
Top Corporations Use Misleading Climate Pledges To Greenwash Image, New Report
Thursday, 3 February 2022, 6:52 am | Carbon Market Watch
Major global companies are avoiding meaningful climate action and are instead using false, misleading or ambiguous green claims, a new report shows. The first Climate Corporate Responsibility Monitor assesses the pledges made by 25 of the world’s ... More >>
COP26: Half-baked Carbon Market Rules Fail To Take Heat Off The Climate
Sunday, 14 November 2021, 7:21 am | Carbon Market Watch
After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6. This deal will provide escape hatches for government ... More >>
Selling Net-zero Pipe Dreams – Fossil Fuels Cannot Be Carbon Neutral, New Investigation Shows
Tuesday, 19 October 2021, 6:34 am | Carbon Market Watch
A growing number of oil and gas companies are selling fossil fuels they market as “carbon neutral”. A Carbon Market Watch investigation has thoroughly investigated these claims and concluded that they amount to brazen greenwashing. Due out ahead ... More >>
New 1bn USD Initiative Raises The Bar For Forest Carbon Credits, But Risk Of Abuse Remains
Friday, 23 April 2021, 6:02 am | Carbon Market Watch
A joint reaction by Carbon Market Watch and the Rainforest Foundation Norway to the announcement of a new coalition to finance forestry climate projects BRUSSELS/OSLO 22 April 2021 In the context of the US President Biden’s “Leaders’ Summit”, ... More >>
EU Leaders’ 2030 Target Deal Ignores Europe’s Climate Responsibility
Saturday, 12 December 2020, 6:24 am | Carbon Market Watch
EU leaders have agreed a net 55% emissions reduction goal for 2030. While this replaces the outdated 40% goal, the target is not in line with the Paris Agreement[1] and Europe’s historic responsibility to cut emissions. Relying on forests and land ... More >>
EU Commission’s Climate Plan Two Steps Forward, One Step Backwards
Friday, 18 September 2020, 8:23 am | Carbon Market Watch
The European Commission’s 2030 Climate Target Plan reiterates positive elements from the European Green Deal such as strengthening the EU carbon market and reducing free pollution permits to airlines. But the plan to rely on carbon sinks to reach ... More >>
EU Lawmakers Support The Expansion Of Europe’s Carbon Market To Shipping As Global Talks Are Adrift
Wednesday, 16 September 2020, 7:51 am | Carbon Market Watch
The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision ... More >>
Airline Bailouts Set To Double To €26bn As Countries Fail To Impose Binding Green Conditions
Thursday, 30 April 2020, 6:22 pm | Carbon Market Watch
Brussels, 30 April 2020 Airline polluters are now seeking more than €26 billion in taxpayers’ money - double the amount of just a week ago - according to the European airline bailout tracker compiled by Carbon Market Watch, Greenpeace and Transport ... More >>
ICAO Decision On Aviation Carbon Market Rules A Step In The Right Direction
Sunday, 15 March 2020, 1:06 pm | Carbon Market Watch
ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO’s Council has agreed to recognise carbon offsets from six existing offset ... More >>
COP25: No deal on UN carbon markets
Monday, 16 December 2019, 8:39 am | Carbon Market Watch
MADRID 15 DECEMBER 2019 Governments at the UN climate talks (COP 25) postponed decisions on future carbon market rules - article 6 of the Paris Agreement - after no agreement was reached on the most contentious issues such as the fate of old credits and measures ... More >>
Dodgy carbon market rules risk undermining Paris Agreement
Wednesday, 11 December 2019, 8:20 am | Carbon Market Watch
MADRID 10th December 2019. The UN carbon market talks are at a crossroads in Madrid as ministers take over today. Carbon Market Watch calls on governments to only accept a deal that bans old Kyoto credits, includes rules to avoid double-counting, and ... More >>
Markets must increase climate action, not undermine it
Thursday, 28 November 2019, 8:11 am | Carbon Market Watch
BRUSSELS 27 November 2019. The next round of UN climate talks takes place in Madrid from 2 to 13 December. The future of carbon markets could be a make or break element for climate action as some countries attempt to cash in on badly designed mechanisms. ... More >>
COP24 countries fail to agree on basic accounting principles
Sunday, 16 December 2018, 11:08 am | Carbon Market Watch
COP24 overshadowed by market failure as countries fail to agree on basic accounting principles and the future of the CDM More >>
Aviation climate deal could undermine Paris Agreement
Tuesday, 14 November 2017, 7:23 pm | Carbon Market Watch
BONN 14 November 2017. A new Columbia Law School report reveals major shortcomings in how the UN aviation body (ICAO) interprets transparency and public participation requirements. The report’s findings come amidst a closed meeting in Montreal that ... More >>
