Flex Mechs Working Group

The CAN Flexible Mechanisms Group coordinates advocacy and policy work around carbon markets. The group’s main focus is to strengthen the environmental and social integrity of both offsetting and cap-and-trade schemes. In the international climate policy process the group has made submissions to the UNFCCC on all three Kyoto trading mechanisms as well as the two trading mechanisms currently discussed under the Convention (Framework for Various Approaches and New Market Mechanism). The group also exchanges information on regional and national carbon markets and helps national NGOs in developing their policy positions.

For more information please contact:
Andy Katz, Sierra Club, andykatz@sonic.net
Aki Kachi, Carbon Market Watch, aki.kachi@carbonmarketwatch.org

Heros and Zeros: Adaptation Fund Facts & Figures

More and more countries seem to recognise the progress and achievements of the Adaptation Fund in recent years.  Progress so far was featured at a side event last Friday, held jointly by the Adaptation Fund Board.

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Wild West Carbon Markets

The LCA is discussing the establishment of a new market mechanism (NMM) and a Framework for Various Approaches (FVA), including the use of markets. But well into the 1st week, it is still unclear what these two work programmes could be about. 

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Floating In Hot Air

While ECO has not yet given up on countries strengthening their national emission reduction targets, there is another simple step that will have a substantial impact. Up to 13 billion tonnes of impact in fact. And ECO knows that the negotiators are well aware of the fact that strong new rules to eliminate the gigantic surplus of emission permits from the Kyoto Protocol's first commitment period will make a real difference. As our dear readers may have noticed, it’s a subject very dear to ECO’s heart.

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Stabilisation Fund Won’t Save the CDM

It is no secret that the future of the CDM looks grim. According to the High Level Panel on the CDM Policy Dialogue, the CDM will produce an excess of roughly 1.25 billion offset credits because of low ambition by developed countries. This has driven the prices in the cellar and stirred creativity on how to keep the market flourishing. In the CMP opening plenary, India suggested setting up a stabilisation fund to buy up excess offset credits – something that has also been recommended by the High Level Panel on the CDM.

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Little Brother’s Lessons For the Future

Joint Implementation (JI) is the much neglected little brother of the CDM. Yet JI needs careful watching, not just because hundreds of millions of credits have been issued under JI that basically launder hot air and have zero environmental integrity. But also, because JI shows us what we could face with new market mechanisms, if we do not insist on stringent international rules and oversight.

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A Hot Blast of Hot Air from Doha Delivers Fossils to Poland and Russia

 

The First Place Fossil is awarded to Poland. Back home in Poland, Environment Minister Korolec, revealed the country's position on the Doha talks -  claiming the carryover of AAU credits is NOT a priority issue, but that the length of the second commitment period and the obligations contained in the Kyoto Protocol are. We should remind the minister that carryover of AAUs influences the level of ambition in CP2. 

A Hot Blast of Hot Air from Doha Delivers Fossils to Poland and Russia

 

The First Place Fossil is awarded to Poland. Back home in Poland, Environment Minister Korolec, revealed the country's position on the Doha talks -  claiming the carryover of AAU credits is NOT a priority issue, but that the length of the second commitment period and the obligations contained in the Kyoto Protocol are. We should remind the minister that carryover of AAUs influences the level of ambition in CP2. 

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