Carta Aberta relativa às compensações de créditos de carbono no âmbito dos objetivos de redução de gases de efeito estufa na União Europeia
Summary
The document expresses concerns that carbon credit offsets within the EU Emissions Trading System (EU-ETS) and the Effort Sharing Decision (ESD) undermine domestic emission reductions. It specifically calls for Portugal to prohibit offsets from industrial HFC-23 and N2O emissions, coal-fired power plants in developing countries, large-scale hydropower projects under the Clean Development Mechanism (CDM), and Phase I Joint Implementation (JI) projects due to lack of environmental integrity and transparency.
Key insights
- Carbon credit offsets in international projects may hinder domestic emission reductions in the EU; between 2008 and 2011, 555 million credits were generated in the EU-ETS, costing an estimated 5.9 billion Euros.
- The authors urge Portugal to join 17 other Member States in prohibiting the use of carbon credits from industrial HFC-23 and N2O emissions (specifically from adipic acid production) within the Effort Sharing Decision (ESD), as these credits create perverse incentives and delay the phase-out of ozone-depleting substances.
- The use of the Clean Development Mechanism (CDM) to fund coal-fired power plants in China and India is criticized for being a 'business-as-usual' approach that risks the environmental integrity of EU climate policies and Kyoto Protocol commitments.
- Large-scale hydropower projects under the CDM are identified as problematic because they often represent 'business-as-usual' technology that would have been built without CDM funding, potentially causing significant social and environmental impacts.
- Phase I Joint Implementation (JI) projects are criticized for lacking transparency and environmental integrity, with approximately 107 million credits issued compared to 13 million in Phase II, leading to the potential 'whitewashing' of carbon credits.
Cite the original document
- APA
- Carbon Market Watch (2012). Carta Aberta relativa às compensações de créditos de carbono no âmbito dos objetivos de redução de gases de efeito estufa na União Europeia. https://carbonmarketwatch.org/wp-content/uploads/2012/09/Open_Letter_quality_criteria_CDM-JI_PT_Quercus_vfinal.pdf
- Chicago
- Carbon Market Watch. Carta Aberta relativa às compensações de créditos de carbono no âmbito dos objetivos de redução de gases de efeito estufa na União Europeia. 2012. https://carbonmarketwatch.org/wp-content/uploads/2012/09/Open_Letter_quality_criteria_CDM-JI_PT_Quercus_vfinal.pdf.
- Wikipedia
- {{cite press release |author=Carbon Market Watch |title=Carta Aberta relativa às compensações de créditos de carbono no âmbito dos objetivos de redução de gases de efeito estufa na União Europeia |date=16 May 2012 |url=https://carbonmarketwatch.org/wp-content/uploads/2012/09/Open_Letter_quality_criteria_CDM-JI_PT_Quercus_vfinal.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{carbonmarketwatch2012carta, author = {{Carbon Market Watch}}, title = {{Carta Aberta relativa às compensações de créditos de carbono no âmbito dos objetivos de redução de gases de efeito estufa na União Europeia}}, publisher = {Carbon Market Watch}, year = {2012}, month = may, url = {https://carbonmarketwatch.org/wp-content/uploads/2012/09/Open_Letter_quality_criteria_CDM-JI_PT_Quercus_vfinal.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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