This article shows only one of what has been dozens of fraud cases around carbon tax in these few decades. So, when CANADA's FAKE left center TRUDEAU whose FATHER installed these carbon schemes in Canada at the same time as UK---but have not used them yet --pretend to be using carbon trading as GREEN-----as protecting the environment----they are doing the same as UK AND GERMAN banking. So, now the 99% OF CANADIAN sovereign citizens are watching their real estate being sold off to OLD WORLD MERCHANTS OF VENICE GLOBAL 1%.
IT'S SIMPLY A SCHEME TO MOVE SOVEREIGN LAND TO GLOBAL 1% WHILE CAPTURED GLOBAL BANKING POLS PRETEND TO BE PROTECTING THIS LAND FOR ITS CITIZENS.
German prosecutors have raided offices belonging to Deutsche Bank as part of an investigation into a tax evasion scheme involving the trading of carbon permits.
The Frankfurt prosecutor's office said 25 employees of the bank were suspected of serious tax evasion, money laundering and obstruction of justice.
Arrest warrants have been issued for five of those employees.
Deutsche Bank said it was co-operating fully with the authorities.
"Public prosecutors searched Deutsche Bank offices today in connection with investigations that have been under way since the spring of 2010 against individuals suspected of tax evasion in the trading of CO2 emission certificates," Germany's biggest bank said in a statement.
Prosecutors said 500 police officers swooped on Deutsche Bank offices and private properties in Frankfurt, Berlin and Duesseldorf.
About 20 police minibuses and two large coaches were parked outside the bank's Frankfurt headquarters, where tax inspectors were seen leaving the building carrying backpacks and suitcases
Last year, a German court jailed six men over a 300m euro ($391m; £249m) fraud selling carbon emission permits through Deutsche Bank.
They bought the permits overseas and paid no tax, then resold the permits to each other to claim back tax illegally.
Under EU rules, limits are set on the amount of carbon dioxide companies emit, and those polluting less can sell 'credits' to those that need more.
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This article shows those two hyper-global banking 1% neo-liberals TRUDEAU and OBAMA and this is a FAKE SOCIAL PROGRESSIVE media outlet THINKPROGRESS-----selling the idea that these CARBON TRADING/TAXES are indeed GREEN/environmental.
TRUDEAU SR was the REAGAN of Canada in 1980s -90s and staged these carbon taxes back then as in UK as a tool for fighting environmental devastation. He, as HARPER and now TRUDEAU have not used them in Canada because they are too busy raiding NATIVE AMERICAN TRIBAL LANDS of all their natural resources so don't need yet to pretend to take other real estate as GREEN/CARBON TRADING protection. This same thing is keeping the US from installing CARBON TRADING-----they are now too busy stripping all our national parks so will not need to use carbon trading to secure real estate in US until they finish destroying what is inside our national parks.
Today's Canadian TRUDEAU as US OBAMA at the FAKE CLIMATE CHANGE ACCORD in PARIS both pushed carbon trading as a GREEN/ENVIRONMENTAL BENEFIT in this ACCORD.
Both TRUDEAU and OBAMA are heavily invested in global banking 1% UK carbon trading no doubt-----just doing KABUKI THEATER as they wait for all of the current natural resources to be mined, stripped, and fracked inside native tribal lands and national parks.
A Brief History Of Canada’s Stunning About-Face on Climate Change
Jeremy Deaton, Mina Lee Mar 9, 2016, 1:40 pm
THINKPROGRESS
During his tenure, Harper made no attempts to regulate carbon pollution through cap-and-trade or a carbon tax. He muzzled scientists, cut research funding, targeted environmental groups, and secretly committed government money to advocating for the export of tar sands oil. To environmentalists, Harper was a villain. Climate Action Network Europe ranked Canada among Russia, Iran, and Saudi Arabia in its 2015 Climate Change Performance Index, a rating of countries’ climate policies. On the international stage, Harper didn’t fare much better. In 2011, Canada became the first signatory of the Kyoto Protocol to formally withdraw from the agreement, pulling out after it became clear it would not meet its carbon-cutting targets. In the lead-up to the Paris Climate Agreement, Canada pledged to limit carbon pollution, but it committed to emissions reductions that were markedly less ambitious than those of the United States or the European Union. Where Canada has made progress on climate change, it has largely happened at the provincial level. In 2008, British Columbia instated a carbon tax. Last year, Ontario and Quebec began emissions trading with California. And, more recently, historically conservative Alberta passed a carbon tax and set a cap on carbon pollution from oil sands. Alberta’s climate policy marks a striking reversal for the oil-rich province, and comes in the wake of a historic election. In May, the liberal New Democratic Party of Alberta defeated the ruling conservative party, which had controlled the provincial government for more than four decades. The change of power heralded a new era of climate policy in Canada and the beginning of the end for Stephen Harper. That Harper ultimately lost his job to Trudeau likely added insult to injury. In 1980, Justin Trudeau’s father, then-Prime Minister Pierre Trudeau, installed an energy program that suppressed the price of oil, dealing a blow to Alberta’s flagship industry. Harper, who was then living in the Western province and working for Imperial Oil, blamed the initiative for thrusting Alberta into recession. According to his biographer, William Johnson, the experience sparked Harper’s political awakening and fueled his contempt for Pierre Trudeau. Now, after ten years at the helm, Harper must watch the younger Trudeau dismantle his pro-oil agenda. As a candidate, Justin Trudeau promised to end subsidies for fossil fuel companies and invest in clean energy technology. As Prime Minister, he attended the Paris climate negotiations and, more recently, he proposed a federal minimum carbon price as part of a national climate change plan. While Trudeau publicly defended Keystone XL, he criticized Harper for his preoccupation with the pipeline. Obama’s rejection of Keystone XL may have come as something of as blessing for the new prime minister, allowing him to abandon his half-hearted support of the project and focus on his climate agenda. Since taking office, Trudeau has proposed expanding the environmental review process for oil and gas pipelines. While Canadian-U.S. relations were strained under Harper, owing in part to the battle of Keystone XL, President Obama says he now sees Canada as a “strong partner” on climate. “Things are happening in a way we haven’t seen in a decade,” Erin Flanagan, Director of Federal Policy at the Pembina Institute, told ThinkProgress last week. “The two administrations are quite aligned on what they want to see happen.” As the United States and Canada work to meet their commitments under the Paris Accord, they may find ample room for cooperation on climate and energy — cutting black carbon pollution in the Arctic and fostering the spread of clean energy. The forthcoming agreement on represents just one possible point of collaboration. “To fight climate change, we’re all on this together,” tweeted Trudeau at the Paris climate negotiations. “Canada is back.”
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Remember, Canada under these few decades of GLOBAL BANKING NEO-LIBERALS AND NEO-CONSERVATIVES have taken what was the GREENIST nation to being a California/Texas wasteland. We discussed in detail the BURNING OF BORIAL FORESTS----the strip mining and fracking gone wild in western Canada-----tar sands crude oil has taken all of central Canada---and of course Canada has lined its side of GREAT LAKES with global WATER CORPORATIONS ready to build global factories in east Canada----so, there is nothing being done in CANADA that is GREEN----and Trudeau, as his father is a great big global banking 1% who at a PARIS CLIMATE CHANGE ACCORD could care less about environment or climate change.
Canada's carbon emissions projected to soar by 2030
Tar sands expected to help drive 38% increase in emissions, Harper government admits in submission to the UN
Canada's carbon emissions will soar 38% by 2030 mainly due to expanding tar sands projects, according to the government's own projections.
In a new report (pdf) to the United Nations, the Harper administration says it expects emissions of 815million tonnes of CO2 in 2030, up from 590Mt in 1990. Emissions from the fast-growing tar sands sector is projected to quadruple between 2005 and 2030, reaching 137Mt a year, more than Belgium and many other countries, the report shows.
Worse, Canada is likely under-reporting its emissions. An investigation in 2013 found that Canada's reported emissions from its natural gas sector, the world's third largest, could be missing as much as 212Mt in 2011 alone.
"Canada appears to have vastly underestimated fugitive emissions (leaks) from gas exploration," possibly because of "inadequate accounting methodology " according to the Climate Action Tracker analysis done by Germany's Climate Analytics, the Potsdam Institute for Climate Impact Research and Dutch-based energy institute Ecofys.
Bill McKibben, founder of the grassroots climate campaigning organisation 350.org, told the Guardian: "Who'd have imagined that digging up the tar sands would somehow add carbon to the atmosphere? That Canada watched the Arctic melt and then responded like this will be remembered by history."
The Harper government pulled out of the Kyoto Protocol in 2011, promising instead to meet a weaker target of cutting emissions 17% by 2020, against 2005 levels. But an Environment Canada report last autumn revealed emissions would likely be 20% higher in 2020, leading environment minister, Leona Aglukaq, to say "we're getting results" when asked about the likely gap.
The EU, by contrast, is considering carbon cuts of around 40% by 2030.
The Canadian government has never attempted to implement the policies or slow the rapid expansion of the tar sands that could have enabled Canada to meet its 2020 target, said Mark Jaccard, an energy economist at Canada's Simon Frasier University and former Harper government appointee.
"Now it's too late. The government is not telling the truth to Canadians about the climate impacts of its energy policies," Jaccard told the Guardian. "We in Canada are living an Orwellian nightmare when it comes to our government and climate."
It is "simply irresponsible for a country like Canada, given the impacts of climate change that are already taking place," to increase its emissions or even maintain them, said Canadian scientist Corinne Le Quéré of the Tyndall Centre for Climate Change Research and co-chair of the Global Carbon Project.
Canada has become an "outcast amongst its negotiating peers " at recent UN climate summits, said Liz Gallagher head of the Climate Diplomacy Programme at E3G, a UK-based NGO.
"It’s a travesty that a prosperous country with such a rich history of international cooperation is now turning its back on the world," she said.
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As we know, China just allowed global fracking corporations to come into China and frack the heck out of that nation. It is also expanding the number of FOREIGN ECONOMIC ZONES taking again massive real estate that is rural and placing it under hundreds of miles of CONCRETE. China had to close its other FOREIGN ECONOMIC ZONES because nothing living to stand to exist inside them so they are now moving to new pristine land to do the same environmental devastation all over again.
Of course national media has to PRETEND China is being GREEN as it installs the same CARBON TRADE as complex financial instrument to be used to launder fraud and capture sovereign real estate under the guise of PRESERVING THE ENVIRONMENT.
So, do Americans invest in Chinese carbon trading thinking they are helping China being ENVIRONMENTAL? Our US PENSION plans would have us believe that as they tie US muni-funds to Chinese carbon trading to boost profits for global 1% of Chinese----while global 1% of Chinese do the same for global 1% of Europe. All these complex financial instruments surrounding CARBON TRADE are TAX CREDITS because they are called SOCIAL BENEFIT.
Of course the UNITED NATIONS sells all this as GREEN AND SUSTAINABILITY-------it too pushing carbon trade in PARIS CLIMATE CHANGE ACCORD.
'The Liberals have vowed to put a national price on carbon as part of a pan-Canadian plan with the provinces to put the country on track to meet its emissions-cutting promises under the Paris climate accord'.
When it says THE LIBERALS HAVE VOWED TO PUT A NATIONAL PRICE ON CARBON-----they mean far-right wing economic NEO-LIBERALS---the opposite of REAL left social progressive liberals---LIKE US.
China cap-and-trade market gives carbon pricing opponents 'nowhere to hide': UN
By Bruce Cheadle in News, Energy | September 20th 2016
As Canada's provincial, territorial and federal leaders grapple over carbon pricing policy, China is moving ahead with a cap-and-trade market that some believe could transform the dynamics of the international climate change battle.
Chinese Premier Li Keqiang arrives Wednesday in Ottawa to begin a four-day Canadian visit, including bilateral meetings with Prime Minister Justin Trudeau.
The Prime Minister's Office will only say that environment and climate change are on the table for discussion, and a spokeswoman for Environment Minister Catherine McKenna said Canada "commends China's plans" to launch a national cap-and-trade market by July 2017.
The Liberals have vowed to put a national price on carbon as part of a pan-Canadian plan with the provinces to put the country on track to meet its emissions-cutting promises under the Paris climate accord.
But the idea is once again coming under heavy political fire, led by the Conservative opposition in Parliament and Saskatchewan Premier Brad Wall.
Saskwatchewan Premier is one of Canada's most vocal political opponents to country-wide carbon pricing. He is seen here on Thurs. March 3, 2016 at the First Ministers Meeting in Vancouver, B.C. Photo by Elizabeth McSheffrey.
No one seems to be paying much public attention to the Chinese market juggernaut gaining steam on the other side of the planet. But according to the executive director of the United Nations Environment Program, or UNEP, they probably should.
China has been running cap-and-trade pilot projects in two provinces and fives cities since 2013, including Sichuan province, which has a population of almost 90 million people.
Eric Solheim, UNEP's new executive director, said China's pending national program is "of enormous significance."
That's not only because China is the single biggest global polluter, but also because it has the manufacturing and trading power to drive global technological change.
"The fact that the Chinese stepped up also gives nowhere to hide," Solheim told The Canadian Press. "If you are under attack from your opposition or civil society, it's very difficult to hide when the Chinese and Americans start getting in."
As the Harvard Kennedy School's Ash Center for Democratic Governance and Innovation put it in a June report, the Chinese cap-and-trade market "epitomizes a monumental step for China to join the global action to address climate change."
China is Canada's second-largest single-country trading partner and two-way merchandise trade between the two countries reached nearly $85.8 billion in 2015, up 10.1 per cent over 2014.
Canada has a robust cap-and-trade scene
Canada is also home to a budding, international cap-and-trade market.
Ontario recently joined Quebec and California in the Western Climate Initiative and talks with Mexico are underway about a pilot project to join the carbon trading bloc.
Mark Cameron of Clean Prosperity says he understands China models its plan in part on the Quebec-California-Ontario system, but the devil will be in the details.
"The more they have similar standards, the better that is," said Cameron, a one-time policy adviser to former prime minister Stephen Harper. "But it's really too early to tell."
The initiative is a step towards a global market price on carbon, said Cameron, which is key.
"Ultimately there's where we want to get: a relatively uniform carbon price globally, or at least among the OECD, G20 countries."
China's National Development and Reform Commission has said the program will cover eight industries, including power generation, petrochemicals, aviation and paper making, construction materials, non-ferrous metals and steel.
Josh Margolis, a China expert with the U.S.-based Environmental Defense Fund, said the pilot projects have had prices between $2 and $5 per tonne of emissions but the Chinese government has said prices could eventually rise to as much as $30-$45 per tonne. The national program could cover emissions seven times greater than the total annual volume of Canadian greenhouse gases, he said.
While China's market mechanism details are all-important, basic economic theory says the bigger the carbon-trading market, the more efficient and low-cost is the price per tonne of emissions reductions.
"China could play, on a huge scale, the role that California plays for Ontario and Quebec," said McGill University economist Chris Ragan, the chair of Canada's Ecofiscal Commission, which promotes evidence-based carbon-pricing policies.
That's why Glen Murray, Ontario's minister of environment and climate change, says China's carbon market "is probably as consequential, in some ways, as Paris" — a reference to the landmark 2015 international climate accord.
"What is carbon trading going to look like after China establishes the world's largest carbon trading market?" Murray asked in an interview.
"And how are we as Canadians, with our American and Mexican friends, going to manage the trade issues and the impacts of a Chinese carbon market?"
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Here we see the driver of CARBON TRADE global banking 1% scheme for fraud and real estate capture ----BILL CLINTON. Indeed, Clinton was that driver of CAP-AND-TRADE just as BLAIR in UK, and TRUDEAU in Canada------and we can believe that these few decades of CLINTON/BUSH/OBAMA-----billions of dollars and massive amounts of sovereign real estate have been captured to global 1% through fraud and government corruption.
So, why does the UNITED NATIONS who runs the second largest CARBON TRADE MONEY LAUNDERING SCHEME globally all of a sudden come out with ONE INVESTIGATION identifying corruption in this system?
THERE WAS GLOBAL PROTESTS AND ACTIONS BY REAL LEFT ENVIRONMENTAL GROUPS OUTRAGED AT THE LEVEL OF FRAUD AND CORRUPTION so this FAKE OVERSIGHT ORGANIZATION-----GLOBAL NGO ----Carbon Market Watch ----had to come out with something to pretend there was oversight by United Nations.
Carbon Market Watch - for fair and effective climate protection
carbonmarketwatch.org
We work to ensure that carbon markets and other climate mitigation tools contribute to the fight against climate change while respecting human rights
Of course there is BILL CLINTON---all worried that a raging complex financial instrument moving massive sovereign real estate and tons of fraudulent gains might be damaged by one report of fraud in carbon trading.
This is 1990s and REAL left social progressive environmentalists were going crazy at this corruption of our environmental movement---and it is this same time---1990s that FAKE ALT RIGHT ALT LEFT environmental NGOs soared-----SIERRA CLUB goes global banking 1%.
United Nations Risks `Huge Mistake' in Carbon-Trading
Investigation
By Mathew Carr and Catherine Airlie - Sep 10, 2010
A United Nations investigation into alleged improper claims for hydrofluorocarbon-pollution credits
threatens to choke off investment in projects to curb emissions, according to Bill Clinton’s former adviser on global warming.
UN regulators froze new credits as they began a probe on July 30 into allegations by CDM Watch, an
environmental lobby group, that some plants emitting hydrofluorocarbons were unfairly exploiting the
system.
Should the inquiry lead to new limits on expected credits, investors would abandon the UN
market, the world’s second-largest greenhouse-gas program, said Dirk Forrister, head of Clinton’s 1997
task force on climate.
UN regulators froze new credits as they began a probe on July 30 into allegations by CDM Watch, an
environmental lobby group, that some plants emitting hydrofluorocarbons were unfairly exploiting the
system. Should the inquiry lead to new limits on expected credits, investors would abandon the UN
market, the world’s second-largest greenhouse-gas program, said Dirk Forrister, head of Clinton’s 1997
task force on climate.
“There is a possibility of a retroactive change, and that would be a huge mistake,” said Forrister, now a
managing director at Natsource LLC, a New York investment manager that has profited from
HFC-destruction projects. “It might make it impossible to raise new money” for climate-protection
projects.
The concern centers around credits awarded to curb emissions of an industrial gas known as HFC-23,
produced in nations including China and India to make refrigerants for air conditioners. Half of all UN
credits issued since 2005 involve HFC, which can trap about 11,700 times more heat per molecule than
carbon dioxide.
UN emission credits for delivery this year have climbed to a record relative to later-dated contracts,
driven by concerns about short-term supply shortages stemming from the investigation and
longer-term doubts about the program. Credits for 2010 traded at an all-time high of 92 euro cents
($1.17) a metric ton over those for 2012 on Sept. 7, according to the spread contract on London’s
European Climate Exchange. They gap closed yesterday at 83 euro cents. As recently as June 23, credits for 2010 were cheaper than those for 2012.
Brasilia Meeting
The executive board for the UN’s Clean Development Mechanism, known as the CDM and set up by the
1997 Kyoto Protocol, is reviewing projects on a case-by-case basis, David Abbass, a Bonn-based
spokesman for the program, said yesterday.
“What, if anything, the board might choose to do regarding HFC-23 project-related requests going
forward would depend on what it learns from its methodologies panel,” which is handling
investigations, Abbass said. The board, comprised of 10 members from developed and developing
nations, may consider HFC projects at its meeting next week in Brasilia.
Some U.S. lawmakers have proposed an outright ban on HFC credits, saying they undermine the
market. European Union officials said this year they may discount or disqualify HFC- derived credits
when they are submitted for compliance in the region’s carbon market, the world’s biggest.
‘Dangerous Place’
The UN market is “an increasingly dangerous place to do business,” Trevor Sikorski, an analyst at
Barclays Capital in London, said in a Sept. 6 report. The possibility of changes in the UN’s rules for
awarding credits is a “massive risk” for investors, he said in an interview.
Sikorski also criticized a proposal that may require audit firms that approve UN projects to purchase
improperly issued greenhouse gas offsets. The plan may “wipe out” those firms with excessive costs, he
said this week. The proposal for audit firms is unrelated to the debate on HFCs, the CDM’s Abbass said.
Under the UN system, companies receive credits as a reward for financing projects designed to cut
emissions by polluters in poorer countries. Known as offset credits, they can be sold to utilities and
factories that use them to comply with emissions limits. Enel SpA, Morgan Stanley and RWE AG are
among investors in the credits, according to data compiled by Bloomberg.
‘Bogus Credits’
Bonn-based CDM Watch said in a June 14 report that some companies won “bogus credits” by
artificially boosting greenhouse-gas emissions. It’s a claim rejected by polluters and project investors
including Forrister, based on evidence he has seen so far.
CDM Watch “based its conclusions on what it considered suspicious activity based on only one or two
monitoring reports, out of a total of more than 150 studied,” the Refrigerant Gas Manufacturers
Association of India, an industry lobby group, said on July 12.
The UN and EU are still obligated to honor credits already in the pipeline, according to Mark Lewis,
the Paris-based managing director of global carbon research at Deutsche Bank AG.
“You don’t want investors to think they are having the rules changed at the same time as trying to gear
up private- sector investment into clean technologies,” Lewis said by e- mail yesterday. “It is vital that
the regulatory framework of the market has integrity.”
CO2 Developers
Trading Emissions Plc, a London-based developer of CO2 projects, fell to 89.25 pence in London
trading on Sept. 8, the lowest level since April 1. It was expecting 5.5 million tons of offsets from HFC
projects through 2012, it said in March. They would be valued at 76.2 million euros at today’s prices.
UN credits for December have risen 26 percent this year to 13.72 euros a ton.
About half of the 408.8 million credits issued since October 2005 by the CDM stem from plans to cut
HFCs. Investors can get credits valued at hundreds of millions of euros provided they have spent about
$12 million to construct facilities that burn away HFCs, according to World Bank estimates. It costs $2
million a year to operate the units.
Destroying HFC-23 can cost as little as 17 euro cents a ton of carbon dioxide equivalent, said Clare
Perry, senior campaigner at the Environmental Investigation Agency, a lobby group based in London
and Washington. The annual bill to destroy global HFC-23 production could be as little as $60 million,
the agency calculated. That’s less than the carbon-credit revenue earned from one HFC-23 reduction
plant in India, it said.
‘Hung Jury’
The International Emissions Trading Association, a Geneva- based lobby group, said last month that
the CDM board needs to fix the “significant governance problem” that has prevented resolution of the
HFC debate. “It’s like a hung jury,” said Kim Carnahan, a CDM policy specialist at the association.
“It’s always sad when there is controversy on the CDM, eating up public perception of the carbon
market,” said Tuomas Rautanen, a senior analyst at First Climate, an emissions investor. “The more
uncertainty there is in what credits will be accepted, the more hesitation there is in what to invest.”
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The PARIS CLIMATE CHANGE ACCORD several years ago was simply the same group of global banking 1% UNITED NATIONS coming together to pretend they are addressing CLIMATE CHANGE and they still are using these accords to promote the next FAKE GREEN BENEFIT policies------like SUSTAINABILITY.
Below we see only one of these FAKE ALT RIGHT ALT LEFT environmental groups. Today's GLOBAL GREEN CORPORATION PARTY-----is this same FAKE ALT RIGHT ALT LEFT global banking 1% group-----selling what is NOT GREEN as environmental. The GREEN PARTY is UNITED NATIONS so they have pretended all this carbon trading is SOCIAL BENEFIT allowing billions of dollars in social benefit tax credits go to FAKE environmental policy.
When we read in national media of DATA surrounding these carbon trade and cap-and-trade policies----these are the global NGOs creating that data----and it is all SKEWED.
'while respecting human rights'----we are sure our 99% native Americans in Canada and US seeing their real estate tied to these global banking 1% schemes taken away from them leaving them no voice-----do not think this is RESPECTING HUMAN RIGHTS.
It has been very easy to see the FAKE ALT RIGHT ALT LEFT 5% players and organizations pretending the GREEN REVOLUTION is left by these kinds of policy support stances.
Carbon Market Watch - for fair and effective climate protection
carbonmarketwatch.org
We work to ensure that carbon markets and other climate mitigation tools contribute to the fight against climate change while respecting human rights
About
Our Mission
Carbon Market Watch’s mission is to ensure that climate policies such as carbon pricing and climate finance effectively contribute to the just transition towards climate friendly societies. We promote environmental integrity, transparency, and good governance in policy solutions that reduce emissions and further sustainable development.
Our Approach
Evidence-based advocacy is central to our work. Our strength is the unique combination of in-depth policy expertise, strong communication skills and close work with community groups in over 60 countries across the world.
Our Goals
We work at the global, European, national as well as local levels in numerous countries. Our key campaign goals are:
- An ambitious mid-century decarbonisation strategy for Europe
- A fair carbon price that reflects the true cost of pollution on society
- Decarbonisation of Europe’s power and industry sectors by 2050
- Rapid and ambitious climate action to tackle international transport emissions
- Quality assurance of international climate finance
Our Network
We believe in bottom-up advocacy. Since 2009, we have established a global network, which connects over 600 NGOs and academics in over 60 countries, operating in English, French, and Spanish. We have established strong partnerships inter alia through regional capacity-building workshops in South and East Europe as well as most major regions across the globe, including China, India, West Africa, South and Central America.
Our Channels and Partnerships
Carbon Market Watch is an accredited member of the United Nations Framework Convention on Climate Change (UNFCCC), the Green Climate Fund (GCF), the International Panel on Climate Change (IPCC), and is registered in the joint transparency register of the European Commission and European Parliament for interest groups.
As a member of the Carbon Pricing Leadership Coalition (CPLC) and several other high level policy fora, we work with representatives of governments, the private sector, and civil society to promote effective carbon pricing policies that deliver emissions reductions while encouraging innovation and protecting the rights of those affected.
As a member of the Climate Action Network (CAN), a worldwide network of over 950 NGOs, we coordinate two working groups, on market mechanisms, and aviation & shipping. We are a member of the European Environmental Bureau (EEB) as well as the International Coalition for Sustainable Aviation, and the Clean Shipping Coalition, civil society observer groups that monitor negotiations in the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO) respectively.
We represent European NGOs in the Steering Committee of the Extraterritorial Obligations (ETO) Consortium, a network of 140 civil society organisations and academics working on human rights.
Our History
The not-for profit organisation Carbon Market Watch is the successor of the campaign CDM Watch launched in 2009. Since 2010, we have established offices in Belgium and Austria, that connect with a growing international network.
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'But in a bleak year for carbon markets, North America was a rising star'.
CALIFORNIA AND QUEBEC-----we believe that from two raging global banking 1% province/states. Notice our Congressional pols are not passing these laws but LOCAL POLS ARE MOVING FORWARD. Today, neither Canada nor US are sovereign nations. MOVING FORWARD has made US AND CANADIAN FOREIGN ECONOMIC ZONES operate independently and this is why we see these policies sold as SOCIAL BENEFIT ENVIRONMENTAL becoming the CARBON TRADING STARS.
What 99% of citizens in Canada and US need to research is this-----to what are global banking 1% attaching these carbon trade complex financial instruments -----we bet we will find them in our US city communities tied to real estate that know one understands is handing that real estate to global banking 1%. MOST EXPENSIVE -----LOT'S OF TAX CREDITS------lot's of requirements to install GREEN REVOLUTION patented products we have these few decades shouted DON'T DO ANYTHING TO CURB GREENHOUSE EMISSIONS.
Hmmm, looks like media outlet GRIST ----is FAKE NEWS.
Carbon trading is booming in North America, no thanks to U.S. or Canadian governments
By John Upton on Jan 3, 2014
In most of the carbon-trading world, it has been getting cheaper in recent years to buy the rights to pollute the atmosphere with climate-changing carbon dioxide. That’s largely because recession-afflicted Europe is awash with too many carbon allowances for its trading scheme to have any real bite, and because demand for U.N.-issued allowances has crashed along with hopes of a meaningful international climate agreement to replace the Kyoto Protocol.
But in a bleak year for carbon markets, North America was a rising star.
Despite ongoing failure by the U.S. and Canadian governments to impose limits or taxes on greenhouse gas pollution, state and regional initiatives on the east and west coasts of North America moved forward.
California and Quebec are now the most expensive places in the world in which to pump carbon dioxide into the air.
Still, the value of global carbon markets plummeted last year, according to a new analysis published by Thomson Reuters Point Carbon. “The healthy growth in the North American markets was not enough to compensate for a stagnating European market and the collapse of UN-issued credits,” it found.
For the first time since 2010, the global carbon markets receded year-on-year in terms of transacted volumes. …
The drop in value was more significant: as European carbon prices continued to fall, and the price of international credits collapsed completely, the total value of the transactions was 38.5 billion euros [$52.3 billion], a 38 percent decrease from the 2012 value. …
The year saw a bloom in the North American carbon markets, with strong growth in California and renewed activity in the north-eastern states’ Regional Greenhouse Gas Initiative (RGGI) market. We assess overall transactions to have been 390 million metric tonnes with a value of $2.8 billion (€2 billion). This equals a volume growth of 200 percent and a value growth of 262 percent.
In the Western Climate Initiative (WCI) that encompasses California and the Canadian province of Québec, carbon allowance and offset prices are the highest in the world, with the allowance price floor of $10.71/t (approximately €7.8) in 2013 and trades clearing above that.
As the following graph shows, North America still has a long way to go before it could rival the sheer size of the E.U. Emission Trading Scheme (which trades EUAs) or, to a lesser extent, the U.N.-run international market for certified emission reductions (CERs) and emission reduction units (ERUs):
Other highlights in 2013 carbon-trading news included the launch of trading programs in China and Mexico. A lowlight was Australia’s election of a new prime minister, Tony Abbott, who pledges to dismantle his country’s trading program.
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'That decision would depend on a study of the area’s productivity and land titles'
LAND TITLES------Oh, really?????
Here is the result of these few decades of global carbon trading we were told was about SAVING THE AMAZON RAINFORESTS-----when it was simply staging who owns that land in the Amazon tied to Brazil---Bolivia---Peru. Again, it is NOT local sovereign citizens going in and starting this SLASH AND BURN as in Canada's Boreal Forests-------it is simply global banking 1% having been handed these LAND TITLES------with 99% of sovereign citizens in Brazil, Peru, Bolivia not knowing their land was under attack from FOREIGN AGENTS.
The leaders of BRAZIL----sold in international media as LEFTIST SOCIALISTS were as we discussed in detail simply global banking FAKE ALT RIGHT ALT LEFT far-right wing global corporate socialists.....as with Brazil's LULA AND DILMA----who indeed tied these Brazilian Amazon real estate to global 1%.
Here are those FAKE 'SOCIALISTS' who pretended to be adopting these global banking 1% carbon trading to save the AMAZON for 99% of Brazilian citizens-
'Lula sworn in as President of Brazil
2003 - Leftist Brazilian hero Luiz Inacio Lula da Silva (above left) was sworn in as President of Latin America’s largest nation, succeeding Fernando Henrique Cardoso. Legislators received the new president to the cries of “Ole, ole, ole, ola Lula,” and sang the national anthem following the oath of office of Lula’s vice-president, Jose Alencar. Lula, 57, was swept into office with 61 per cent of the votes in late October presidential run-off elections. Tens of thousands of Brazilians from around the country gathered in Brasilia to take part in the giant street party welcoming the new president. Nine heads of state, three prime ministers and Spanish prince Felipe de Borbon were at the swearing-in ceremony, including Cuban leader Fidel Castro and Venezuelan President Hugo Chavez'.
These same FAKE 'SOCIALISTS in Bolivia and Peru did the same back in 1990s -----of course that Brazilian 'LEFTIST' hero LULA is trying to make a comeback----
Amazon Deforestation, Once
Tamed, Comes Roaring Back
A decade after the “Save the Rainforest” movement captured the world’s imagination, Cargill and other food giants are pushing deeper into the wilderness.
By HIROKO TABUCHI, CLAIRE RIGBY and JEREMY WHITEFEB. 24, 2017
COLONIA BERLIN, Bolivia — A few months ago, a representative from Cargill traveled to this remote colony in Bolivia’s eastern lowlands in the southernmost reaches of the vast Amazon River basin with an enticing offer.
The American agricultural giant wanted to buy soybeans from the Mennonite residents, descendants of European peasants who had been carving settlements out of the thick forest for more than 40 years. The company would finance a local warehouse and weighing station so farmers could sell their produce directly to Cargill on-site, the man said, according to local residents.
One of those farmers, Heinrich Janzen, was clearing woodland from a 37-acre plot he bought late last year, hustling to get soy in the ground in time for a May harvest. “Cargill wants to buy from us,” said Mr. Janzen, 38, as bluish smoke drifted from heaps of smoldering vegetation.
His soy is in demand. Cargill is one of several agricultural traders vying to buy from soy farmers in the region, he said.
Cargill confirmed the accounts of colony residents, and said the company was still assessing whether it would source from the community. That decision would depend on a study of the area’s productivity and land titles, said Hugo Krajnc, Cargill’s corporate affairs leader for the Southern Cone, based in Argentina. “But if a farmer has burned down its forest we’ll not source from that grower,” he said.
A decade after the “Save the Rainforest” movement forced changes that dramatically slowed deforestation across the Amazon basin, activity is roaring back in some of the biggest expanses of forests in the world. That resurgence, driven by the world’s growing appetite for soy and other agricultural crops, is raising the specter of a backward slide in efforts to preserve biodiversity and fight climate change.
In the Brazilian Amazon, the world’s largest rain forest, deforestation rose in 2015 for the first time in nearly a decade, to nearly two million acres from August 2015 to July 2016. That is a jump from about 1.5 million acres a year earlier and just over 1.2 million acres the year before that, according to estimates by Brazil’s National Institute for Space Research.
Here across the border in Bolivia, where there are fewer restrictions on land clearance, deforestation appears to be accelerating as well.
About 865,000 acres of land have been deforested, on average, annually for agriculture since 2011, according to estimates from the nongovernmental Bolivia Documentation and Information Center, an area nearly the equivalent of Rhode Island in size. That figure has risen from about 366,000 acres a year, on average, in the 1990s and 667,000 acres a year in the 2000s.
Now, a new study by an environmental advocacy group points to fresh indications of large-scale forest-clearing by Bolivian and Brazilian farmers who trade soybeans with Cargill.
That organization, Washington-based Mighty Earth, used satellite imaging and supply-chain mapping information from the Stockholm Environment Institute, an environmental think tank, to identify deforestation in Brazil where two American-based food giants, Cargill and Bunge, are the only known agricultural traders. The supply-chain mapping by the environmental institute uses customs, shipment and storage data, as well as production data from Brazilian municipalities to trace agricultural exports back to producers.
According to Mighty Earth’s analysis, the Brazilian savanna areas in which Cargill operates, a region called the Cerrado, saw more than 321,000 acres of deforestation between 2011 and 2015. Mighty Earth also linked Bunge, the other agricultural giant, to more than 1.4 million acres from 2011 to 2015.
In Bolivia, where supply-chain mapping is not available, Mighty Earth sent employees to areas where Cargill operates. The organization used drones to record the clearing of forests and savannas in areas where Cargill operates silos.
The study was funded by the Norwegian Agency for Development Cooperation and a nongovernmental organization, Rainforest Foundation Norway.
A reporter for The New York Times independently traveled to remote areas of Bolivia described in the environmentalists’ report and interviewed farmers engaged in deforestation who said they sold soy to Cargill. The farmers described what they called Cargill’s push to increase its purchases of locally produced soy and its attempts to enhance bonds with local producers.
The reports of fresh deforestation come despite a landmark deal signed three years ago by Cargill and other companies that included a target of “eliminating deforestation from the production of agricultural commodities like palm oil, soy and beef products by 2020.” Experts at the time said the deadline, laid out in the New York Declaration of Forests, would require companies to start straightaway to make their sourcing more sustainable.
Both Cargill and Bunge said the report seemed to inflate its role in the region’s deforestation. Cargill’s share of soy in the Bolivia municipalities in which it operates came to about 8 percent, Cargill said. Meanwhile, in Brazil’s Matopiba region, Bunge’s share was about 20 percent, the company said.
And soy is just one crop behind deforestation, said Stewart Lindsay, Bunge’s vice president for global corporate affairs.
“One company alone cannot solve this issue,” Mr. Lindsay said. “A positive step would be for more companies to adopt zero deforestation commitments, apply controls to block crops grown in illegally cleared areas from entering their supply chains, report publicly on progress and invest millions of dollars to support sustainable land use planning efforts, all of which Bunge has done.” (Bunge, however, is not a signatory to the New York Declaration of Forests.)
In an interview, Cargill chief executive David MacLennan said the company was studying the allegations of deforestation in Bolivia and Brazil linked to the company. “If there’s something there, if it’s substantiated, we’ll do something about it,” Mr. MacLennan said. “If that’s accurate, it’s not acceptable.
“We’re going to honor our obligations and our commitments,” he continued. “We’ve committed to ending deforestation and to do our part in ending deforestation. Our word is our bond.”
National Priorities
Forest loss is detrimental to the earth’s climate. The clearing of woodlands and the fires that accompany it generate one-tenth of all global warming emissions, according to the Union of Concerned Scientists, making the loss of forests one of the biggest single contributors to climate change.
Only about 15 percent of the world’s forest cover remains intact, according to the World Resources Institute. The rest has been cleared, degraded or is in fragments, wiping out ecosystems and displacing indigenous communities, scientists say.
Behind the rise in deforestation is a strategy by multinational food companies to source their agricultural commodities from ever more remote areas around the world. These areas tend to be where legal protections of forests are weakest.
The Brazilian Amazon, a poster child for the global forest-conservation movement, has enjoyed increasing protections, like a moratorium announced in 2006 on forest clearing for soy production. Between that time and 2015, Brazil reduced Amazon deforestation by almost two-thirds, according to estimates by Mongabay, the environmental news site, based on data from the Brazilian National Institute of Space Research and the United Nations Food and Agriculture Organization.
The uptick in forest loss since then, however, has raised concerns that the progress is far from secure.
Brazil was aware of the challenge of keeping deforestation at bay, Everton Lucero, the secretary of climate change and forests of Brazil’s Ministry of the Environment, said in an interview.
“We are very uncomfortable with the bad news that we had a rise in deforestation, and we are taking every possible measure to reverse it next year,” Mr. Lucero said. Budget shortfalls amid Brazil’s recent economic and political turmoil, he said, had wreaked havoc with its policing of its rain forests.
When traveling to remote regions, “Sometimes our command and control units were without fuel for helicopters,” he said. “Hopefully we are on a recovery path.”
Bolivia, on the other hand, presents a different situation. President Evo Morales, a socialist, has made securing “food sovereignty” a major part of his agenda, driving Bolivia’s agricultural expansion. There are relatively few forest protections, and the government’s Forestry and Land Authority is tasked with the potentially conflicting roles of regulating land use, forestry and agriculture, and issuing concessions for logging and farming. The landlocked country has declared that it expects to clear almost 14 million more acres of forest by 2025, to convert into farmland.
Oh,yeah, partnering with GLOBAL CARGILL CORPORATION will bring food sovereignty Mr Morales.
Bolivia’s greenhouse gas emissions levels per capita exceed that of many European countries, despite having a far lower per capita income. Deforestation is responsible for more than 80 percent of Bolivia’s total carbon dioxide emissions, according to a recent study by researchers at Insead, a graduate school based in Fontainebleau, France.
A major culprit is the cultivation of soy, which has jumped more than 500 percent in Bolivia since 1991, to 3.8 million hectares in 2013, according to the most recent agricultural censuses. Little of that soy is consumed domestically. The vast majority is processed and exported as animal feed in a commodities trade that serves a global appetite for hamburgers, chicken and pork.
“The forest is seen as useless land that needs to be made useful,” said Nataly Ascarrunz, executive director of the Bolivian Institute of Forestry Investigation, a Bolivian nongovernmental organization that monitors and researches the country’s forests.
“There’s a lot of pressure for economic development,” Ms. Ascarrunz said. “When resources are flowing, production is happening and people have work. It’s very hard to argue with that.”
Looking Toward 2030
Victor Yucra, the director general of Bolivia’s forest and land management at the Forestry and Land Authority, stressed the need for the Bolivian government to balance the protection of its forests with the needs of its agricultural sector.
“Our concern is in ensuring that intensive agricultural production takes place within a framework that also provides for sustainable forestry and protection for standing forests,” Mr. Yucra said.
Mr. MacLennan, the chief executive of Cargill, described a business trip to Brazil last year, during which he saw the Amazon from a plane window. “You look down and you see this beautiful forest,” he said. “Kilometers and kilometers of forest. But you also see these big chunks of dirt.
“The brown really contrasts with the green,” he continued, comparing the forest and deforested areas. “When you see it, it’s like, ‘Holy cow. That’s what’s happened.’ It just hit me when I saw it in broad daylight — the impact the deforestation has.”
Mr. MacLennan initially garnered praise among environmentalists for pledging to extend the no-deforestation pledge it had made regarding palm oil to cover every commodity the company handles. Cargill’s commitment was called one of the most sweeping environmental pledges ever made by a large agricultural company. It earned Mr. MacLennan a photo opportunity with Ban Ki-moon, the United Nations secretary general at the time.
Even before the New York Declaration, Cargill had made significant efforts to buy palm oil sourced only from land not linked to fresh deforestation, according to a supply-chain expert with extensive experience working on Cargill’s global sustainability efforts. The expert spoke on the condition of anonymity, saying that to do so openly would jeopardize professional relations with the company.
Cargill continued to invest millions of dollars adding extra staff members and hiring third-party auditors to verify that the palm oil was coming from established fields, not farmland freshly carved from the forest, he said. But Cargill has been less aggressive with other commodities, he said.
Part of the issue was Cargill’s decentralized setup, the expert said. Another problem was the resistance from commodities traders, whose incentive is to seek supplies from as many sources as possible in order to drive down costs. Buying only sustainably grown commodities would mean a more limited supply.
Now, environmental groups accuse Cargill of backtracking on its 2020 deadline. In recent statements, Cargill has adopted a 2030 deadline for elimination of deforestation from its supply chain -- a separate deadline, mentioned elsewhere in the New York Declaration, that was meant to apply to ending all forms of deforestation, not just those related to agricultural commodities.
“They’re willfully misinterpreting the Declaration,” said Glenn Hurowitz, chief executive of Mighty Earth. “They’re breaking their own pledge.”
Cargill is committed, Mr. MacLennan said, to eliminating by 2020 deforestation from its production of palm oil, a commodity widely used in food, detergents and cosmetics. But, he said, Cargill had always understood the declaration to give all signatories until 2030 to tackle deforestation.
“I don’t think I or others appreciated the vast complexity of the task,” Mr. MacLennan said. “Let’s say that we are trading or buying and selling soybean meal. Where did the soybeans come from? And did they come from deforested land? Maybe we weren’t buying the soybeans directly. I don’t know.”
Holly Gibbs, an expert in tropical deforestation and agriculture at the University of Wisconsin-Madison, called the 2030 deadline interpretation devastating. “If we were to wait until 2030,” Ms. Gibbs said, “there would be no forest left.”
Fire and Water
In Mr. Janzen’s newly cleared field, a long strip of land flanked by vivid vegetation, blue-white smoke drifted from a smoldering landscape.
The German-speaking Mennonites, who live amid horse-drawn buggies and farmhouses that wouldn’t look out of place in rural Ohio or Pennsylvania, trace their origins to 16th-century Protestant reformists who migrated to Russia, the United States, Canada, Belize and Mexico in search of farming opportunities and religious freedom. Some moved to Bolivia in the last century, and about 57,000 Mennonites now live in 55 secluded settlements here, eschewing some aspects of 21st century technology, like modern cars, but enthusiastically embracing others, such as tractors and genetically modified seeds.
Their trade with companies like Cargill has transformed their communities into a bloc of relatively prosperous landowners. But in recent years, they have also been targeted by land reforms enacted by Mr. Morales, who has pledged to reverse the centuries of subjugation of Bolivia’s indigenous majority.
The farmer, Mr. Janzen, with the help of two laborers, spent the day digging roots from the earth, between smoking woodpiles. There was a brown jumble of slender trees, saplings, shrubs, bushes, vines and roots. Occasional larger trees showed gashes where the bulldozer first made contact, pushing them to the ground.
Farther downfield lay more long, neat cordons of debris, waiting to be burned. “If the rain holds off, I’ll burn the rest tomorrow,” he said.