World moves closer to global pollution pricing as China launches carbon market

by Kaisa AmaralGlobal marketsPosted on Comments are Disabled

BRUSSELS 19 December 2017. The launch of the world’s largest carbon market sends an important political signal of China’s commitment to address climate change. Putting a price on pollution can incentivise the phase-out of fossil fuels, but the existing carbon markets have so far not delivered a high enough price to drive the transition to …

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Carbon Market Watch Newsletter – November 2017

by Kaisa AmaralAviation, EU carbon market, Global markets, Human rights in climate actionPosted on Comments are Disabled

Editorial The UN’s annual climate talks this year held in Bonn Germany saw moderate progress on implementing the Paris Agreement. However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against climate change. Meanwhile, the UN’s aviation body is drafting rules for …

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Obscure aviation climate deal could undermine the Paris Agreement

by Kaisa AmaralAviationPosted on Comments are Disabled

BONN 14 November 2017. A new Columbia Law School report reveals major shortcomings in how the UN aviation body (ICAO) interprets transparency and public participation requirements. The report’s findings come amidst a closed meeting in Montreal that kick-starts the approval of rules for ICAO’s new carbon offsetting scheme. A separate Carbon Market Watch analysis on …

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Failure to align Europe’s carbon market with Paris goals adds pressure on governments to price pollution

by Kaisa AmaralEU carbon marketPosted on Comments are Disabled

BRUSSELS 9 November 2017. Today, the European Parliament, the EU Member States and the Commission reached a provisional agreement on the reform of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. The deal falls far short of meeting the Paris climate goals, pointing to the need for additional action at national and …

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Will Europe’s key climate tool become a fossil fuel subsidy scheme?

by Kaisa AmaralEU carbon marketPosted on Comments are Disabled

This week, the UN climate talks continue in Bonn on how to implement the landmark Paris climate change Agreement. At the same time in Brussels, the EU’s Emissions Trading System (EU ETS) revision is drawing to an end. The biggest carbon market in the world, the EU ETS should lead by example, promoting a just …

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Markets must increase climate ambition – Carbon Market Watch priorities at the COP23 in Bonn

by Kaisa AmaralAviation, Global markets, Human rights in climate action, Sustainable developmentPosted on Comments are Disabled

BRUSSELS 3 November 2017. The next round of UN climate talks takes place in Bonn from 6 to 17 November, under the Fijian Presidency, on how to implement the Paris climate deal. One open question is the role carbon markets will play in meeting global climate targets. Carbon Market Watch will be in Bonn to follow …

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Carbon Market Watch Newsletter – October 2017

by Kaisa AmaralAviation, Effort Sharing Regulation, Global marketsPosted on Comments are Disabled

Editorial In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable …

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EU delays climate action for international flights

by Kaisa AmaralEU carbon marketPosted on Comments are Disabled

Updated 19 October to amend the “notes to editors”   BRUSSELS 18 October 2017. Today, the EU Member States together with the European Commission and the European Parliament reached a provisional deal on aviation’s role in the EU carbon market. Lawmakers chose not to make airlines pay more for their pollution and postponed the date to …

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EU governments miss chance to align key climate law with Paris Agreement

by Kaisa AmaralEffort Sharing RegulationPosted on Comments are Disabled

BRUSSELS 13 OCTOBER 2017. Today, the EU environment ministers adopted their position on the Effort Sharing Regulation (ESR) which covers emissions from the transport, building, agriculture and waste sectors in the 2021-2030 period. As the EU’s largest climate tool, the ESR is key to implementing the Paris Agreement in Europe. Loopholes adopted today by the …

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