CDM Watch welcomes this opportunity for input and stresses the need for the EU to act promptly and address shipping emissions in the EU to halt climate change below 2°C while it needs to take responsibility as a climate leader and influential party in the development of future international climate systems. Often EU’s decisions have served as blueprints for decisions on UN level. We believe that any legislation including shipping in the EU’s climate policy must reflect the best possible option capable to deliver real reductions within the sector first and with the highest possible environmental integrity while delivering real contribution to sustainable development.

Shooting blanks: Why ‘increasing the firepower’ of the Market Stability Reserve misses the target
Introduced in 2018, the Market Stability Reserve (MSR) functions as the oversupply control mechanism of the EU Emissions Trading System (ETS). Created to address structural

