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.
The UN climate talks failed to deliver increased cuts to carbon pollution, nor did they provide any credible pathway to $100 billion per year in finance by 2020 to help the poorest countries deal with climate change, according to the 700 NGOs who are members of Climate Action Network-International (CAN-I).
Today is the day to press the reset button. The planet is shouting warning signs at us but the Conference is sleepwalking off the cliff of climate disaster. A political deal was struck in Durban and all need to stand by it.
Ministers, while you bemoan theimpending doom in high sounding high-level speeches and promise to do everything within your power to stop it, your negotiators dig in ever deeper in the back rooms of the QNCC.
The First Place Fossil goes to the [EU]. The EU receives a bracketed Fossil because we still have hope that the EU will stop being bullied by Poland and stand up for full cancellation of all hot air at the end of the second commitment period of the Kyoto Protocol.
Photo Credit: SustainUS
Photo Credit: IISD
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.
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.
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.