In 2012, it was undoubtedly the main reason for backing down: the EU had dropped its plan to cover all flights departing from and arriving in Europe under its carbon market scheme, following intense pressure from industry and major economies, not least the United States. It was the infamous ‘stop the clock’ to the full scope under the EU Emissions Trading System (ETS).
CAN Europe, Carbon Market Watch and 131 other civil society organisations, academia and businesses have written to the European Commission to express extreme concern regarding the option currently being supported by some policymakers to open the EU 2040 climate target and Nationally Determined Contribution (NDC) under the Paris Agreement, to international credits. Introducing international credits within the …
The EU Emissions Trading System is a cornerstone of the European Union’s climate policies, yet it is poorly understood. Here, we answer some frequently asked questions about the EU ETS.
Rather than correct course after the European Parliament’s shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU ETS even further. Moreover, the Environment Council has offered heavy industry billions in generous freebies while leaving households to pay the bill.
The EU must fix its current Emissions Trading System (ETS) before it embarks on the second phase focusing on buildings, writes Elisa Martellucci. This eventual ETS2 must be built, with close stakeholder involvement, on fair and equitable foundations. Anna is a young trainee at the European Commission. She arrived in Brussels and looked for an …
Read more “A carbon market for buildings must be constructed on solid foundations”
The revision of the EU Emissions Trading System (ETS) represents a huge opportunity to strengthen the Directive to ensure it is in line with the 1.5˚C target under the Paris Agreement. However, the European Commission’s proposal includes two major shortcomings that should be reconsidered. Firstly, the EU-wide 55% emission reduction target proposed is inadequate to …
A new project led by Carbon Market Watch seeks to empower European civil society to shape the EU’s Emissions Trading System and carbon pricing policies. Carbon Market Watch launched Emissions Trading eXtra (ETX) earlier this month. This new project aims to enhance European climate governance and optimise the functioning of the EU’s carbon market, the …
Brussels, 14 July 2021 – The European Commission’s proposals to improve the EU Emissions Trading System (ETS) and establish a Carbon Border Adjustment Mechanism (CBAM) are not in line with the Paris Agreement and Europe’s historic responsibility to cut emissions. The legislation initiative keeps neglecting the “polluter pays” principle of the EU Treaties and continues …
Read more “European carbon market does not move with the climate urgency of our times”
Welcome to Carbon Countdown, a podcast by Carbon Market Watch covering all things carbon pricing and climate action Episode 3: How the heavy industry is profiting from the EU carbon market Carbon Market Watch · [Carbon Countdown] EPISODE 3: How the heavy industry is profiting from the EU carbon market Music: Ambient Technology by Joystock …
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