The EU’s latest Carbon Removal Certification Framework (CRCF) methodologies continue to set a much lower standard than the Paris Agreement Crediting Mechanism and best practice in the voluntary carbon market, reveals a new analysis commissioned by Carbon Market Watch and carried out by Öko-Institut.
In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct emissions reductions, NGOs warn.
Heavily polluting industries are on course to receive the lion’s share of Emissions Trading System (EU ETS) revenue earmarked for Flanders between now and 2030, depriving the government of desperately needed resources to finance decarbonisation and a just transition. The Flemish government must change course
Environmental and climate NGOs are expressing concern and frustration today in reaction to a report on the revision of EU industrial pollution laws. Instead of demonstrating that the times of ‘polluting as usual’ are over, the proposals submitted by Radan Kanev of the European People’s Party (EPP) completely ignore the Industrial Emissions Directive (IED)’s aim …
The European Union must hold firm and act now to live up to its commitment to future generations by taking concrete steps to phase out free pollution permits under its Emissions Trading System
Les marchés internationaux du carbone représentent une grande opportunité de développement pour les pays africains, écrit Anyssé Kenfack Ngnintedem*. Les marchés internationaux du carbone, plus spécifiquement le régime de compensation des émissions de CO2 dans le secteur de l’aviation civile internationale (CORSIA), représentent une grande opportunité pour les pays africains. Ils permettent non seulement aux …
Read more “Amplifier la dynamique des marchés internationaux du carbone en Afrique”
China’s new carbon market replicates the problems associated with the EU’s Emissions Trading System and adds a few of its own, such as its failure to impose a cap on emissions. This casts doubts on China’s ability to meet its climate targets.
While major banks are making grand climate pledges, investments in fossil fuels continue to increase. Internal carbon prices coupled with the end of fossil fuel subsidies have the potential to direct investments into a clean transition to a climate-safe future.
Guest article by Kirsten Sleven, Director, WISE As the first country in the world, the Netherlands is about to introduce a carbon tax on industrial pollution. The tax is part of a broader policy package (Dutch Climate Agreement) to stimulate major industrial polluters to ‘decarbonize’ their production processes and was drawn up in consultation with …
Read more “What can we learn from the Dutch national carbon tax?”
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