Durban, 8 Dec (Payal Parekh and Trudi Zundel) – The establishment of a new market-based mechanism for mitigation actions continues to be discussed with differing views among Parties to the UN Framework Convention on Climate Change. Continue reading
Category Archives: Carbon markets
The Stage is Set for Climate Talks Failure
by OILWATCH SOUTH EAST ASIA
African Anger at European Calls for A ‘New Mandate’, Civil society groups attack ‘Durban Mandate’ proposal as a ‘great escape’
DURBAN, SOUTH AFRICA – Today – Civil society leaders from across Africa, with support from global movements, launched a letter to climate negotiators that warns that focusing on launching a new mandate at the Durban talks risks backtracking on promises to the poor and the planet. Continue reading
New film and report show failures of carbon markets and foresee their collapse
As COP17 draws to a close the only game in town are the market-based mechanisms that are false solutions to climate change. The same institutions, corporations and governments who have led the world into economic chaos are leading us toward climate chaos. Continue reading
World Bank & developed country plans for Agriculture carbon markets a threat to Africa – Lessons from Wangari Maathai’s Green Belt Movement
At the UN Climate Change negotiations in Durban this week, the World Bank and developed countries are claiming that agriculture carbon offsets will bring money for African agriculture. Continue reading
Pressure mounts for COP President to exclude coal power projects from UN offsetting scheme
Durban, South Africa, 6 December. As countries are negotiating the global climate crisis, an open letter sent by a broad coalition of green groups including Greenpeace, WWF and Friends of the Earth to the COP Presidency today calls for an exclusion of coal power projects from the Clean Development Mechanism (CDM). Groups claim such projects undermine the integrity of the CDM and the already weak climate targets. Continue reading
A dirty deal coming down in Durban
By Patrick Bond, The Mercury, Eye on Society column
What, now, are the prospects for a climate deal by Friday?
The biggest problem is obvious: COP17 saboteurs from the US State Department joined by Canada, Russia and Japan, want to bury the legally-binding Kyoto Protocol treaty. Instead of relaxing intellectual property rules on climate technology and providing a fair flow of finance, Washington offers only a non-binding ‘pledge and review’ system. Continue reading
Durban: Stocktaking of CDM and Carbon Markets
by Payal Parekh
The first week of the negotiations in Durban at the UN Climate talks are over, so it is a good time to take stock of new developments in the negotiations as they relate to the Clean Development Mechanism (CDM) and new market mechanisms. It’s been a busy week, since issues related to the CDM are discussed under the Kyoto Protocol negotiating track, as well as two technical wings, Subsidiary Body for Implementation (SBI) and and Subsidiary Body for Scientific and Technological Advice (SBSTA). New market mechanisms are discussed under the Long-term Cooperative Action (LCA) track. Continue reading
Civils snub Zuma’s African agri solution
by By Thobile Hans. Published in SABC.
South African President Jacob Zuma’s declaration on “climate smart and carbon markets” as a climate change solution for African agriculture has raised suspicions among roughly 100 civil society organisations at the COP17 conference in Durban. Continue reading
Climate Smart Agriculture and carbon markets will be a disaster for Africa: Groups warn against Zuma’s agriculture prize at COP17
South African president Jacob Zuma has declared his intention to have a decision on Agriculture at the UN COP17 climate negotiations in Durban; while the World Bank is promoting so-called “Climate Smart Agriculture” and carbon offsets as the future of African agriculture and climate solutions. Continue reading