Heavy industries covered by the EU Emissions Trading System (ETS) received most of their pollution permits for free, effectively subsidising Europe’s dirtiest businesses, a new report by Carbon Market Watch and WWF reveals. This wasteful and inefficient policy cost society €40 billion.
In its freshly published report on scaling up carbon dioxide removals in the EU, the European Scientific Advisory Board on Climate Change (ESABCC), established by the EU Climate Law, makes setting separate climate targets its number one recommendation. This aligns with what Carbon Market Watch and other stakeholders have been advocating.
No airline has yet been obliged to use a single carbon credit under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). And when they will, CMW research reveals the European Union’s Emissions Trading System (EU ETS) imposes a carbon price on aviation emissions that is 25 times higher.
Despite the best efforts of activists and some climate negotiators, the agreement reached on Article 6 carbon markets at COP29 in Baku risks facilitating cowboy carbon markets at a time when the world needs a sheriff.
At the COP29 climate conference in Baku, negotiators need to fix Article 6 carbon markets but, most importantly, they need to fix the world’s failure to slash emissions.
Space has become the final frontier for tourism. But is it responsible during a climate crisis for the super-rich to play billionauts and boldly go where no billionaire has gone before in search of a Planet B? Tech billionaire and pioneering space tourist Jared Isaacman is back and he is on a mission to boldly …
Read more “Billionauts’ space tourism and Mars fantasies need to be pulled back to Earth”
What do camels, whales and breast-fed babies have in common? They’ve all been put forward as ways to offset emissions. We delve into some of the weirdest carbon crediting ideas and explain why they do not work for the climate.
Despite voters’ clear concern about rising temperatures and their support for more ambitious climate action, the EU and other elections this year risk empowering political forces hostile to green policies. What can activists and concerned citizens do?
The net-zero strategy of Occidental Petroleum (Oxy) relies heavily on unproven carbon removal technologies to camouflage its fossil fuel emissions and those of its customers while expanding its oil and gas production, a new investigation reveals.
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