Australia and international offsets
Australia’s transition from a fixed-price carbon scheme to a full emissions trading scheme...
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Category: CDM
The future of international emissions credits in the EU ETS
In the aftermath of the Durban conference analysts have been turning their attention to the continued role of Kyoto Protocol emissions credits in the EU ETS. To date this trading mechanism has provided the biggest market for...
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A step closer to saving the emissions market at Durban: encouraging outcomes on the AAU surplus and linkage
The outcome of the UN conference in Durban has been more positive than initially indicated by the complexity of the negotiations. It is particularly laudable that a second commitment period of the Kyoto Protocol has been secured. This result translates into a continued existence of the international emissions trading mechanism. […]
Read MoreMixed messages from REDD+
Durban finished with the now commonplace but contradictory sense of achievement and disappointment. Achievement that something has been agreed, disappointment that because expectations are so low, any agreement seems like an achievement. REDD+, however, has finished COP17 with a less pessimistic sentiment […]
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Wholesome CDM Progress Clouded by Long-term Commitments
The world’s largest carbon offset instrument made wholesome, if not stunning or substantive, progress at Durban’s 17th Conference of the Parties. While Canada still faces considerable backlash from the hype surrounding its potential exit from 1997’s Kyoto Protocol […]
Read MoreFate of the CDM continues to hang in the balance in Durban
The fate of the Clean Development Mechanism, the most robust and successful United Nations’ instrument to fight climate change, hangs in the balance at the 17th Conference of the Parties. It risks being used as a negotiating ‘chip’ in the penultimate COP before the Kyoto Protocol’s (KP’s) first commitment period ends. A leading climate change NGO explained that the KP is expected to ‘emerge alive from the conference, but it will be on life support.” […]
Read MoreOffsetting in Durban
As the 17th Conference of the Parties (COP) to the UNFCCC kicks off in Durban this week, negotiators hope to build upon progress made during 2011 to govern the Clean Development Mechanism (CDM) and Joint Implementation (JI) more effectively. Coupled with the positive sentiment that has been seeping from recent negotiations en route to Durban via largely pre-negotiated texts, progress is expected but expectations remain low […]
Read MoreTainted CDM credits – preserving the integrity of the EU ETS
Clean Development Mechanism (CDM) credits have been receiving plenty of bad press, with the latest being reports of human rights abuses committed in Honduras over the ownership of credit-producing land. This is particularly...
Read MoreAnticipating the Changes to New Zealand’s Emissions Trading Scheme
New Zealand’s Conservative government has released its first annual report on its New Zealand Emissions Trading Scheme (NZ ETS), and the general assessment is that it is working well. In the report, released August 1st, climate...
Read MoreThe Omens of Offsetting Linger on REDD
As the number of public sector financial mechanisms targeting REDD+ has increased, and consequently the volume of money flowing in to REDD+, observers are increasingly pointing out that the public sector alone cannot supply the...
Read MoreInternal Battles of the CDM
The carbon markets have had a troubled few weeks. While the price of the world’s most popular and valuable carbon product, the European Union Emissions Trading Scheme allowance, shed some 22% in one week, the Australian...
Read MoreCDM: A Transition to What?
Following the spectacular milestone of 3,000 projects registered into the world’s largest carbon offset mechanism, this month marked a time for reflection for those involved in the United Nations’ Clean Development Mechanism....
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