CDM Watch is truly one of my favorite carbon market NGOs. As mentioned in a previous post, they have played a decisive role in breaking off carbon offsets from HFC gases from the European carbon market, prompting Geoff Sinclair, a prominent carbon trader at Standard Bank Plc, to declare them to be a “junk market.”
It is a hallmark of the Clean Development Mechanism that it is still happy producing HFC offsets even though no one wants to buy them.
In the meantime, CDM Watch has pushed its decisive activist methodology into new dimensions. Most notably, they have spearheaded the campaign to eliminate financing for coal infrastructure in the Clean Development Mechanism.
Bloomberg recently caught up with Anja Kollmuss, formerly of the Stockholm Environment Institute, who spends her time detailing the numbers games that have made the CDM into a rotten institution.
Writes Catherine Airlie (subscription only): “Loopholes in current policies to tackle climate change may add as much as 27 billion metric tons of carbon dioxide by 2020, according to a report from CDM Watch, a Brussels-based environmental group.”
“Countries may get away with ruses and ploys in the world of politics,” Anja Kollmuss, a policy analyst at CDM Watch, said in an e-mailed statement. “But nature does not go for accounting tricks.”