CDM Watch has kept a close eye on the market for climate credits under the Climate Development Mechanism (CDM) since 2009. As the future for CDM is uncertain and other systems for carbon trading have evolved in parallel that need an independent review, the organisation was recently relaunched as Carbon Market Watch.
“The CDM has failed on many levels to achieve real emissions reductions. At the same time, plenty of new carbon market initiatives are planned and being implemented around the world. They all need watching. The launch of Carbon Market Watch is not only a name changer, it will be a game changer,” Carbon Market Watch Director Eva Filzmoser commented.
Source: Carbon Market Watch Press release 16 November 2012 http://carbonmarketwatch.org/