In the heated debate on exports that risks undermining the very foundation of the CBAM, one question remains unanswered: for how long can EU policymakers shield heavily polluting productions from paying the fair price for their emissions?
The EU Emissions Trading System (ETS), which requires polluters to pay for their emissions, was a world first, yet international aviation emissions are still exempt from ETS pricing despite their huge climate damage. The EU must now bring international aviation back under regulation, stand up for its values and reaffirm its role as a global climate action leader.
The European Commission’s Clean Industrial Deal and Omnibus package supports big polluters while the EU’s climate goals are missing in action
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.
After receiving billions in state aid and free pollution subsidies to decarbonise its production, steel producer ArcerlorMittal put its clean steel projects on hold.
A novel co-creation initiative involving a broad spectrum of stakeholders led to the development of a joint blueprint for carbon removals policies in the European Union.
Carbon Market Watch is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition.
There is an increasing need for both public and private expenditure, and an availability of growing ETS revenues. Those delivering the most climate action must be rewarded.
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