FAQ: The EU ETS for aviation explained
The EU’s Emissions Trading System (EU ETS) covers aviation. But what does that mean for the climate and airlines?
Free Allocation Regulation (FAR) revision
The Free Allocation Regulation (FAR) revision is a necessary step to ensure the last years of the free allocation system are coherent with the aim of a full phase-out by 2030 (or 2034 for CBAM sectors) and provide the investment signals necessary to funnel funding into industrial decarbonisation.
FAQ: The EU ETS for shipping explained
The EU’s Emissions Trading System (EU ETS) is being expanded to cover shipping. But what does this involve and what does it mean for the maritime sector?
Joint letter on the revision of the Free Allocation Regulation (FAR)
Steelmaking represents the most polluting industrial sector in the EU. Delaying the transition to net-zero steelmaking in anticipation of a fully effective carbon pricing mechanism will prove too late.
The bare necessities: Essential principles to design sensible carbon removal policies
This paper reviews a variety of regulatory approaches to carbon dioxide removals (including emissions trading systems, tax incentives and public direct subsidies) and voluntary approaches, and, building upon failures, promising concepts and lessons learned from the reviewed frameworks, sketches a blueprint for sensible CDR policy design.
Emissions Aristocracy: EU carbon market’s one-percenters spew out lion’s share of emissions
Emissions Aristocracy of just 30 companies spews out half of the greenhouse gases covered by the European Union’s Emissions Trading System (EU ETS), representing a quarter of the EU’s carbon footprint, a CMW report uncovers.
The Emissions Aristocracy
Carbon Market Watch presents a unique, first-of-its-kind report pairing EU ETS account holders (and their installations) to their parent companies, assessing the highest level of private ownership possible. This report presents an overview of which companies have the biggest carbon footprint in the EU, who received the most free pollution permits, and which sectors are not delivering on their decarbonisation promises.
Why carbon removals do not belong in carbon markets
Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
How current carbon removals policy frameworks fail to benefit the climate
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
The 2040 homestretch: Enhancing EU climate action before and after 2030 – the role of the EU ETS and carbon removals
This policy document outlines recommendations for how the EU’s Emissions Trading System (EU ETS) EU can help the EU decarbonise its economy by 2040. It was submitted in response to the European Commission’s public consultation on the EU climate target for 2040.
In order to achieve this 2040 goal, the EU needs to raise its ambition now, not after 2030. Even though the ‘Fit for 55’ package of policy measures was only agreed at the end of 2022, it has one fundamental flaw which undermines its ability to deliver on the EU’s climate goals for this decade: it aims for a net decrease in emissions of at least 55% by 2030, at a time when the science clearly shows we need gross cuts of at least 65%. ‘Fit for 55’ needs to become ‘Fit for 65’ as soon as possible. The EU has run up a serious carbon deficit, this urgently requires the wise allocation of our remaining budget.
