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Climate Finance: Challenges and Responses
The document argues that while public and private funding for climate-resilient development is increasing, it remains insufficient to limit global temperature rise to below 2 degrees Celsius. It highlights the need for a more equitable international climate finance architecture, specifically calling for the inclusion of least developed countries and small island developing states in the design of the Green Climate Fund (GCF). The brief emphasizes that climate change should be treated as an economic concern managed by national ministries of finance and planning, and that public finance must be used strategically to unlock the private sector, which is expected to provide over 85% of the necessary funding.
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Document type: Policy brief
Factores Impulsores y Desafíos para el Desarrollo Compatible con el Clima
The document identifies five primary drivers for adopting CCD: national awareness of climate adaptation needs, the pursuit of energy security and resource efficiency, the desire to capture new green economic opportunities, the goal of improving access to climate finance, and strong government leadership. Conversely, it outlines seven key challenges: high implementation and opportunity costs, opposition from vested interest groups, lack of reliable data on risks and trade-offs, political short-termism, limited state capacity, institutional constraints (such as inter-ministerial conflict), and technological uncertainties. The paper suggests solutions including the use of carbon markets, participatory dialogue processes, the integration of climate goals into long-term legislation, and the creation of inter-ministerial committees with direct accountability to the presidency.
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Document type: Research paper
Facteurs et défis associés au développement respectueux du climat
The document identifies five key drivers for Climate Compatible Development (CCD)—national adaptation needs, energy security, new economic opportunities, access to climate finance, and strong government leadership—while detailing seven primary obstacles, including high opportunity costs, political resistance, and institutional constraints. It provides case studies from over 40 countries to illustrate how these factors interact and suggests solutions such as multi-stakeholder dialogue, legislative anchoring, and risk-sharing financial mechanisms.
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Document type: Research paper
Drivers and Challenges for Climate Compatible Development
The paper identifies five key drivers for CCD: national adaptation needs, energy security and resource efficiency, new economic opportunities, access to climate finance, and strong government leadership. It also outlines seven primary challenges, including high implementation and opportunity costs, opposition from vested interest groups, lack of trusted data, short-term political thinking, limited state capacity, institutional constraints, and technological uncertainties. The authors argue that managing the political economy of CCD is essential for overcoming these barriers.
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Document type: Research paper
Book of Abstracts 13-14 February 2013, Stockholm SEI Science Forum 2013
The SEI Science Forum 2013 Book of Abstracts presents a diverse portfolio of research focusing on the water-energy-food nexus, climate change adaptation and mitigation, and sustainable governance. Key projects include the development of integrated modeling toolkits (WEAP and LEAP), assessments of climate vulnerability in cities like Quito and Cape Town, and evaluations of international climate finance mechanisms such as the Adaptation Fund. The research spans global scopes with specific case studies in regions including Southeast Asia, Latin America, Sub-Saharan Africa, and the Arctic, emphasizing the bridge between scientific research and policy implementation.
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Document type: Report
Creating market support for energy efficiency
The Perform, Achieve and Trade (PAT) scheme is India's first market-based energy efficiency trading mechanism, launched on 30 March 2012 under the National Mission on Enhanced Energy Efficiency. It targets 478 facilities across eight energy-intensive sectors, aiming to reduce emissions by 26 million tonnes of carbon dioxide equivalent by 2015. The scheme utilizes plant-specific energy consumption reduction targets rather than sectoral ones, with an average target of 4.8%. Facilities that exceed their targets receive tradable energy savings credits, while those that fall short must purchase them. The document emphasizes that the scheme's success relied on a four-year design phase involving extensive stakeholder consultations, the collection of plant-level baseline data, and the utilization of existing institutional capacity through the Bureau of Energy Efficiency (BEE).
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Document type: Policy brief
Case Study: Taiwan Trading Carbon across Jurisdictions
The document examines how Taiwan can engage with international carbon markets despite not being a party to the UNFCCC or the Kyoto Protocol. It analyzes formal eligibility requirements and material 'market readiness' conditions across various systems, including the EU ETS, RGGI, WCI, and others. The study suggests that while formal treaty-based access is restricted, Taiwan can utilize indirect participation, bilateral cooperation, and the development of a robust domestic cap-and-trade system with absolute targets to facilitate future linkage.
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Document type: Case study
WARSAW CONFERENCE: “SMALL STEPS FORWARD WHILE AWAITING MAJOR DECISIONS AT THE 2015 PARIS CONFERENCE”
The Warsaw Conference (COP 19) achieved several technical milestones but failed to secure ambitious new mitigation commitments or a clear financial roadmap. Key outcomes included the creation of the Warsaw International Mechanism for loss and damage and the Warsaw Framework for REDD+, alongside a draft for a universal agreement to be finalized in Paris. However, the event was marked by reduced mitigation goals from Japan and the removal of carbon taxes in Australia, highlighting a persistent divide between developed and developing nations over the priority of funding versus emission cuts.
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Document type: Policy brief
COP 18: We won a game of poker on the Titanic
Carbon Market Watch criticizes COP18 for failing to secure new mitigation pledges and for leaving carbon market loopholes open, despite some progress on limiting 'hot air' and restricting market access to Kyoto second period Parties.
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Document type: Statement
The Landscape of Climate Finance 2012
Annual global climate finance flows reached approximately USD 343-385 billion in 2010/2011, with the private sector providing the majority (USD 217-243 billion). While public finance (USD 16-23 billion) acts as a catalyst, total investment remains far below the USD 1 trillion annual requirement projected by the IEA to limit global temperature rise to below 2 degrees Celsius. Mitigation activities, primarily renewable energy and energy efficiency, attracted the bulk of funding (USD 350 billion), while adaptation interventions received USD 12.3-15.8 billion. Emerging economies, particularly China, Brazil, and India, were the largest recipients of mitigation finance, often utilizing domestic resources and National Development Banks.
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Document type: Report
COP18 Intervention at Joint Implementation Contact Group
Carbon Market Watch argues that non-additional Joint Implementation (JI) projects and the surplus of Assigned Amount Units (AAUs) undermine global mitigation goals and carbon markets. The organization proposes stricter host party eligibility based on ambitious Quantified Emission Limitation and Reduction Objectives (QELRO), enhanced international oversight during registration, and more rigorous baseline and additionality requirements, including mandatory reviews for the renewal of crediting periods for existing projects.
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Document type: Statement
Carta abierta a los ministros de medio ambiente y delegados de todas las partes
The document argues that flexible mechanisms under the Kyoto Protocol, specifically the Clean Development Mechanism (CDM) and Joint Implementation (JI), have failed to achieve net emission reductions due to non-additional credits and 'hot air' surpluses. It calls for a severe restriction on the trade of emission surpluses, the exclusion of fossil-fuel-based mega-projects from the CDM, and the establishment of international human rights and oversight standards for carbon projects.
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Document type: Statement
Standardized Baselines for the CDM – Are We on the Right Track?
The authors argue that the current CDM framework for standardized baselines is too rigid and impractical, potentially leading to both over-crediting and under-crediting of emission reductions. They recommend moving away from a single methodological approach in favor of sector-specific, data-driven baselines that are mandatory once approved and reflect technological trends over time.
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Document type: Policy brief
Divergent Approaches: Greenhouse gas mitigation in Canada and Australia
The document analyzes the divergent paths taken by Canada and Australia to mitigate greenhouse gas emissions. While Australia implemented a unified national carbon pricing system (transitioning from a carbon tax to cap-and-trade), Canada adopted a decentralized, sector-by-sector regulatory approach utilizing provincial equivalency agreements. The authors argue that Canada's fragmented system is likely to result in higher regulatory costs for emitters compared to Australia's streamlined national approach, although the actual emission reductions of both schemes remain uncertain.
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Document type: Policy brief
Blue Carbon: The Opportunity of Coastal Sinks for Africa
The policy brief highlights the significant potential of Africa's coastal ecosystems, including mangroves, seagrasses, and tidal marshes, to act as carbon sinks. It argues that these 'Blue Carbon' sources are currently undervalued and under-accounted for in international frameworks like the UNFCCC. The author recommends that African nations advocate for the expansion of IPCC guidelines and the integration of coastal sinks into REDD+ and NAMA frameworks to attract conservation financing and meet national emission targets.
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Document type: Policy brief
EU Member States fail to agree on eliminating 13 billion Kyoto surplus, squander opportunity for real climate action
EU Environment Ministers failed to reach a consensus in Luxembourg on addressing the 13 billion tonne surplus of emission reduction permits from the first Kyoto commitment period. CDM Watch argues that this failure, driven largely by Poland's insistence on the unrestricted use of its surplus, weakens the EU's position for the Doha climate negotiations and threatens the environmental integrity of a second commitment period. The document highlights that the surplus, often termed "hot air," does not represent real emission reductions, as countries like Poland, Russia, and Ukraine had emissions levels well below their targets at the time of the Kyoto Protocol's adoption.
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Document type: Statement
Clearing the Air with Industrial Audits
The document advocates for the public release of industrial audit data in California to maximize the public health benefits of the state's cap and trade system. It argues that transparency allows advocates and community members to pressure facilities to implement energy efficiency measures, which reduce both greenhouse gases and local air pollution. The author contends that the benefits of transparency, including the replication of best practices and increased public confidence, outweigh facility managers' concerns regarding competitive disadvantages.
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Document type: Statement
The importance of valuing Africa's natural riches
The briefing highlights that conventional conservation and economic growth models in Africa have often failed to protect ecosystems, which are vital for the livelihoods of the poor. It advocates for the use of market-based mechanisms, such as Payment for Ecosystem Services (PES), to quantify the value of nature's services and incentivize sustainable management over destructive land use. The author notes that African countries have largely failed to utilize ecosystem markets due to governance gaps, lack of technical knowledge, and disputes over land tenure, urging regional organizations to lead the integration of ecosystem services into mainstream economic planning.
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Document type: Briefing
Open letter to Environment Council to tackle gigantic Kyoto unit surplus
The letter warns that a surplus of over 13 billion tonnes of CO2-equivalent in Kyoto emission units (AAUs) threatens the environmental integrity of future climate deals. It calls on EU ministers to support the G-77 proposal to contain these surpluses and urges the Council to act by qualified majority at the October 25, 2012 meeting to ensure the EU's commitment to meaningful emission cuts.
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Document type: Statement
Carbon Pricing around the World
The document outlines the two primary forms of carbon pricing: emissions trading schemes (ETS) and carbon taxes. It details the European Union Emissions Trading Scheme as the world's largest, alongside regional programs like the RGGI in the US and the Tokyo Cap and Trade Program. It also lists numerous national carbon taxes, noting Finland as the first to introduce one in 1990, and describes hybrid systems in Australia and New Zealand.
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Document type: Fact sheet