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Germany

German Bundestag
(Photo: Lukas Plewina/flickr.com)

The German Government and the German Parliament are responsible for the regulatory framework for German enterprises that want to engage in international carbon markets.

Transparency and Control are Key

December 2015 – A few weeks ago, a study conducted by the Stockholm Environmental Institute (SEI) questioned the plausibility of additionality claims in relation to emission reductions achieved with Joint Implementation (JI) projects. The study again highlighted the fact that apart from reliable verification processes, transparency and submission of documentation are key, as are participation processes for local communities and participation opportunities for internationally strong stakeholders. A few days ago, a forestation project in Uganda, the Kikonda Tree Plantation Project, hit the headlines. The following is a statement issued by the Federal Environment Ministry regarding the situation. more

Commitment Recognised

December 2015 – During the Climate Change Conference in Paris, Germany was presented with the Carbon Pricing Champion Award. The accolade, which is awarded by the Climate Markets Investment Association (CMIA) and the International Emissions Trading Association (IETA), recognises personal engagement and rewards countries’ leadership in carbon pricing activities. The award went to Franzjosef Schafhausen, Director General of Climate Change Policy at the German Environment Ministry, as Germany’s driving force behind the EU Emissions Trading Scheme (EU ETS), the global carbon market mechanisms and current international initiatives on carbon pricing. more

Hendricks: “We need carbon pricing”

December 2015 – The German G7 Presidency has invited the international community to join the G7 Carbon Market Platform. At a side event held at the UN Climate Change Conference in Paris, Germany presented the Carbon Market Platform with the aim of winning more countries to engage in this strategic policy dialogue. The idea of the Platform is to use cross-country collaboration to promote the further development and linking of carbon markets, explore new opportunities for cooperation and achieve emission reduction targets under the UN climate change regime. more

Germany launches initiative for global phase out of nitrous oxide emissions

December 2015 – At COP21 in Paris, Germany has announced the launch of a new global initiative designed to advance climate action in the manufacture of nitric acid. The goal is to stop nitrous oxide (N2O) emissions in this industrial sector worldwide by 2020. Although CDM activities have achieved huge reductions in N2O emissions, these projects are increasingly at risk due to the collapse of the carbon market. Germany wants to work with like-minded countries in an effort to close this gap by 2020. more

Chancellor Angela Merkel sends signals for use of carbon markets

May 2015 - At the Sixth Petersberg Climate Dialogue in Berlin, Chancellor Angela Merkel reminded delegates of the EU target of cutting CO2 emissions by at least 40% by 2030, saying it leaves the door open to "potentially go beyond EU targets, for example, by using international emissions credits". In this approach, use of international certificates will be bound to ambition raising rather than flexibility alone. As the EU has moved away from pure offsetting concepts, joint efforts are needed if ambition is to be raised via the markets. Fair shares in market mechanisms are the challenge of the day. more

Great Potential for Market-Based Mechanisms in Cities

May 2015 - More than 70 international experts met on 7-8 May in Berlin for the 15th Workshop of the climate technology initiative (cti) to discuss the potential of market-based mitigation mechanisms in cities. The workshop highlighted several possibilities for the application of market-based mechanisms in cities and discussed existing challenges. The participants highlighted the large potential of integrated approaches to climate change mitigation in cities while the continuing low demand for carbon credits as well as the difficulties related to baseline calculation and MRV of emissions were identified as key challenges for a wider application of market mechanisms at the urban level. more