In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee and will now overlap with Member States finalising their position later this month.
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
Despite some progress and a number of hardwon victories for the climate, MEPs on the European Parliament’s environment committee failed to raise the ambition of the EU’s Emissions Trading System (EU ETS) to a level that would avoid catastrophic temperature rises.
If the European Union does not significantly strengthen its reformed flagship Emissions Trading System (EU ETS), it risks fuelling planetary heating that will exceed 1.5°C and even missing its own inadequate targets, two simulations show.
Carbon removals will become a vital tool for reducing carbon concentrations in the atmosphere but only massive cuts in emissions will give humanity a fighting chance of keeping global heating to 1.5°C or below, says the UN’s Intergovernmental Panel on Climate Change (IPCC). The latest IPCC report, which was released in April, outlines various pathways …
Read more “Carbon removals are no substitute for deep emissions reductions, warns IPCC”
In a democratic debate, should everyone get an equal say or should those with money be given a soapbox and loudhailer? The answer to this question is obvious, yet it appears to have eluded Politico Europe, one of the main players on the Brussels media stage.
Instead of cleaning up their businesses and business models to tackle climate change, top corporations are engaging in cosmetic change and greenwashing to improve their image. Why is this? Climate action is in the air. Like governments around the world, major corporations are falling over themselves to issue climate pledges and, in keeping with being …
Read more “Greenwashing exposes climate of corporate inaction”
The horror playing out in Ukraine disturbs and distresses the Carbon Market Watch team. We have discussed it amongst ourselves. We have expressed our solidarity with those who are affected. We share their anger at the Russian regime’s unwarranted aggression, senseless bloodshed and escalating destruction. We have joined Ukrainian activists in asking for the international …
Read more “March newsletter editorial: The Ukraine tragedy and the heavy price of war”
Corporations are exaggerating their climate action, according to our recent report. But what are the next steps for those companies who truly want to reduce their impact on the climate? And how can governments stop false or misleading pledges sneaking into advertising? The Corporate Climate Responsibility Monitor, a joint report from Carbon Market Watch and …
Read more “Hollow corporate promises: How to stop false climate claims”
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