Some EU governments believe the ‘Fit for 55’ package is too ambitious but, in reality, it is not ambitious enough. More action is needed today because tomorrow will be too late to avoid catastrophic global warming, write Agnese Ruggiero and Andrew Marshall. This week, European environment ministers met in Luxembourg to discuss the draft ‘Fit …
Read more “How to get ‘Fit for 55’ in shape for the climate emergency”
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 …
Scroll down for French and Spanish Interview with Agnese Ruggiero In a ‘normal’ year last month’s big climate announcements by Europe and China would have been a major international talking point, sadly this year is nothing but normal! First, the EU Commission during the State of the Union speech set out a plan to raise …
Read more “Europe’s new climate pledge: more than a glossy magazine cover?”
Executive Summary Around the world, governments are establishing carbon pricing systems to put a price-tag on greenhouse gas emissions and incentivize more climate friendly practices. The EU launched its own Emissions Trading System (EU ETS) in 2005. While the ETS is a necessary instrument to decarbonise the power and industry sectors in Europe, experience shows …
Read more “A Clean Fit: The role of the EU ETS in the energy policy landscape”
Today, the Environment and Public Health Committee (ENVI) at the European Parliament voted against a deal that would have extended the derogation for intercontinental flights from the EU Emissions Trading System.
Carbon Market Watch welcomes the European Commission’s proposal to end the EU’s dependency on international offsets in its 2030 climate package but says the failure to address the current oversupply of 2 billion emission permits in the European emissions trading scheme will weaken the real-world impact of the new targets. Eva Filzmoser, Director of Carbon …
Read more “EU climate package to end access to international offsets”
Executive Summary The use of international offset credits was originally meant to be a cost containment tool. However, due to the economic crisis, EU emissions have been substantially lower than expected. This rendered the quantity limit of international credits for the period 2008 to 2020 too generous. According to the recent European Commission report “The …
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