The Intergovernmental Panel on Climate Change’s (IPCC) latest report underscores the urgency of the climate crisis: the effects of the climate breakdown are already being felt around the world, and will only become more destructive in the coming decades. Humanity is rapidly running out of time to keep planetary heating limited to the Paris Agreement’s …
Read more “Model answers: Studies reveal EU must revamp Emissions Trading System to live within its carbon budget”
There are multiple arguments for why the EU’S 2030 climate target aimed to reduce greenhouse gas emissions by at least 55% is not compatible with the 1.5°C temperature goal of the Paris Agreement. The EU thus will need to look at how it can do more. Substantial additional action in all economic sectors and in …
Read more “Why the EU must strengthen its climate target, including in the Emissions Trading System”
The European Union Emissions Trading System (EU ETS) is a central element of EU climate policy. The successful reform of the EU ETS is thus crucial for the implementation of the objectives of the European Green Deal. Reforms are required in the following four aspects of the EU ETS. The first aspect is …
Read more “The Revision of the European Union Emissions Trading System Directive: Assessing Cap and Market Stability Reserve Reform Options”
The Emissions Trading System (ETS) is one of the key EU climate policies and its reform is essential for the successful implementation of the EU Green Deal and the achievement of the Union’s 2030 climate targets. Advocating for a strong revision of the EU ETS is an inherent part of civil society’s work to help …
Read more “How to advocate for effective EU carbon pricing”
In this joint letter, some 30 NGOs and green manufacturers urge MEPs to vote to end free pollution permits under the EU’s Emissions Trading System (EU ETS) and to use the extra revenue raised to finance more ambitious climate action.
Date: 10 May 2022 Time: 14:00-16:00 CET Last summer, the European Commission launched ‘Fit for 55’, a large package of legislative proposals to reform the EU’s 2030 climate and energy framework, including the EU’s Emissions Trading System (EU ETS). The EU ETS is a cornerstone of the EU’s climate policy and vital to its ambition …
Read more “EU ETS Review: A make or break decision for the climate”
In this joint letter, Carbon Market Watch, WWF, CAN Europe, the EEB and other environmental organisations call on the European Parliament’s Industry, Research and Energy Committee (ITRE) to vote for ambitious reforms to the European Union’s Emissions Trading System (EU ETS) that will ensure that the EU’s carbon market will benefit the climate and lead to sustainable industrial decarbonisation in Europe.
Date: 27 April 2022 Time: 15:00-16:20 CET Carbon dioxide removal (CDR) refers to activities that take carbon dioxide out of the atmosphere, and store it permanently. Most IPCC AR6 decarbonisation pathways require some amount of carbon removals to keep warming to 1.5 degrees. However, risk-averse climate strategies aim to minimise the reliance on CDR as they can …
Read more “Carbon Dioxide Removal in the EU: pitfalls and opportunities”
We can draw vital lessons from the functioning of the EU’s current Emissions Trading System to expand it to the building and transport sectors in a way that serves the climate and advances social justice. In its current shape, the EU’s Emissions Trading System (EU ETS) is far from perfect. It falls short on overall …
Read more “Designing a sound EU carbon market for buildings and transport”
Rather than propose amendments to the EU’s Emissions Trading System that would take the heat off the climate and serve society, European parliamentarians are squabbling over the quantity of freebies to offer polluting industries. The process of revamping the EU’s Emissions Trading System is in full swing. Members of the European Parliament’s Environment Committee have …
Read more “Milking the EU’s carbon market cash cow for industry”