EU carbon market pays polluters instead of financing clean industrial revolution, says new report

by Khaled DiabDecarbonising European industry, EU carbon marketPosted on Comments are Disabled

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.

EU scientific body’s call for separate binding climate targets aligns with civil society

by Khaled DiabCarbon dioxide removals, Decarbonising European industry, EU carbon marketPosted on Comments are Disabled

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.

Archery

Divide targets to conquer the climate crisis

by Fabiola De SimoneCarbon dioxide removals, EU carbon marketPosted on Comments are Disabled

To facilitate a transatlantic exchange of views, Carbon Market Watch brought together experts from the USA, the UK, Germany and the EU to track progress towards implementing separate climate targets and carbon removals policies. Carbon Market Watch recently organised a webinar aimed at delving deeper into how key trailblazing countries, states and regions on both …

Read more “Divide targets to conquer the climate crisis”

U-turn

U-turn on EU’s Emissions Trading System for road transport and buildings carries huge environmental, social and economic price tag

by Eleanor ScottEU carbon market, National Energy and Climate Plans (NECPs)Posted on Comments are Disabled

A small number of politicians are pushing to reverse course on the Emissions Trading System for road transport and buildings (ETS2). However, such a u-turn would fuel the climate crisis and cost European society and the economy dearly. Member states have all the tools to roll out ETS2 fairly and effectively but they need to act now.