Carbon Market Watch was launched in November 2012 to expand the work of CDM Watch to areas beyond the CDM. CDM Watch was set up in 2009 as an initiative of several international NGOs to provide an independent perspective on individual CDM projects and to critically assess the political decision-making process affecting wider carbon market developments. CDM Watch successfully advocated for stronger
civil society participation, major policy changes at the UN and EU level and uncovered unprecedented scandals in the CDM. Over the years, Carbon Market Watch has expanded its work to other carbon market initiatives and climate policies, including the EU Emissions Trading System (EU ETS), the aviation carbon market CORSIA, voluntary markets.