Ahead of a committee vote at the European Parliament on the revision of the EU’s Emissions Trading System (EU ETS), four civil society networks and 22 organisations across Europe call on committee members to stop coal subsidies and take measures to ensure meaningful carbon price.
Earlier this month, the EU Court of Justice ruled against a case by eight Swedish heavy industry operators that were asking for more free pollution permits under the EU Emissions Trading System (EU ETS) than they currently get. The EU ETS -meant to cut pollution- has so far provided industry a €24 billion pollution payout, a bill that taxpayers are picking up as governments forego scarce public money.
The upcoming G20 meeting will be a chance for the world’s most influential economies to put an end date to subsidising fossil fuels. Civil society is calling for the leaders to speed up the ratification of Paris agreement and commit to a phase out of fossil fuel subsidies by no later than 2020. The G20 …
Read more “Will G20 leaders keep their promise to end fossil fuel subsidies?”
The first committee of the European Parliament to cast an opinion on the revision of the EU’s carbon market this week voted for more climate ambition and the establishment of an international climate action fund. A majority of members of the development committee supported an increase in the rate by which emissions are cut each …
Read more “European Parliament committee calls for higher ambition in EU’s carbon market reform”
After the UK referendum on the EU, some people have started to voice concerns that a “Brexit” would leave a vacuum in the EU climate policy as the UK is generally perceived as a climate leader. Fortunately, certain other countries, including France and Sweden, have recently stepped up their efforts to increase the EU’s climate …
Read more “Sweden and France – the new European climate leaders?”
In the past few months, carbon intensive industries have ratcheted up their efforts to convince policymakers that ‘real’ data should be used to assess how many free pollution permits to give out under the EU’s carbon market rules. Carbon Market Watch also values the use of accurate, up-to-date information in the debate on the EU Emissions Trading System (ETS) reform. We therefore checked two recent claims by the industry.
Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …
Read more “How EU’s carbon market can scale up international climate finance – Copy”
Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …
Read more “How EU’s carbon market can scale up international climate finance”
EU environment ministers will discuss whether the proposed revisions of the EU’s carbon market are enough to bring the bloc’s flagship climate instrument in line with the Paris climate change agreement. Carbon Market Watch answers key questions to help ministers come up with an appropriate response.
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