Leaked EU Council conclusions on the 2030 Climate and Energy Framework
Read leaked draft here
Draft EU Council conclusions propose taxpayers continue subsidising industry’s pollution to avoid a problem that doesn’t exist.
In early September, the council conclusions on the 2030 climate and energy framework were leaked. Worryingly, the draft text stated that the current practice of giving free pollution permits to heavy emitters needs to be maintained while “dynamically” allocating these permits based on actual production levels. A rebuttal by Carbon Market Watch shows that this approach could result in EU taxpayers paying industry an extra €130 billion worth of free emission allowances, while the public have never been presented proof that carbon leakage actually exists.
Carbon Leakage Rebuttal
“Dynamic allocation” – an industry model for windfall profits from free emission allowances at the expense of taxpayers The EU Emission Trading System (EU ETS) covers just over 40% of the EU’s greenhouse gas emissions from the industry and power sector. After each year, companies participating in the system must surrender enough allowances to cover …
Carbon Leakage
Carbon leakage is the situation in which, as a result of stringent climate policies, companies move their production abroad to countries with less ambitious climate measures, which can lead to a rise in global greenhouse gas emissions. In Europe, the EU Emission Trading System (EU ETS) covers the greenhouse gas emissions from the industry and …
Responses to the stakeholder consultations on the EU’s Emissions Trading System (ETS)
Read: Questions for stakeholder consultation on Emission Trading System (ETS) post-2020 carbon leakage provisions here Assumptions to be used for new EU ETS carbon leakage list 2015-2019 here Response to the consultation on Emission Trading System (ETS) post-2020 revision here
The EU Emissions Trading System: All You Need To Know About The World’s Largest Carbon Market
Tuesday 22 July 2014 from 15:00 to 17:00 European Parliament – Room JAN 6Q1 AN EVENT KINDLY HOSTED BY: Peter LIESE, EPP Matthias GROOTE, S&D Gerben-Jan GERBRANDY, ALDE Bas EICKHOUT, Greens/EFA The EU Emissions Trading System (EU ETS) is the largest carbon market in the world covering more than 11,000 power stations and industrial plants …
Policy Briefing: What’s needed to fix the EU’s carbon market: Recommendations for the Market Stability Reserve and future ETS reform proposals
Executive Summary The EU Emissions Trading System (EU ETS) is the largest carbon market in the world and was originally seen as the cornerstone of Europe’s climate policies. However, the EU ETS has suffered from a large amount of excess emissions allowances largely caused by weak emission reduction targets and the inflow of carbon offsets. …
EU 2030 Climate and Energy
EU leaders brokered a deal on the 2030 climate and energy headline targets.
Offsetting nature?
Picture: cc @Doug88888 By Hannah Mowat, Carbon and Ecosystems Trading campaigner, FERN As a reader of Watch This! you will be well aware of the numerous problems the European Union Emissions Trading Scheme faces in terms of windfall profits for polluting companies, increased emissions, and delaying the move towards a low-carbon infrastructure. You …
Press release: New draft regulation on offset entitlements criticized for undermining the EU ETS
Today, the EU Climate Change Committee approved a draft regulation by the European Commission that allows operators under the EU ETS to continue the use of more than 600 million offset credits for compliance with emission limits from 2013 to 2020. Carbon Market Watch calls on the European Parliament to review the quantity entitlements and to introduce quality restrictions that ensure that credits from business as usual projects that pose an immediate threat to the EU ETS will not be allowed.
