A study commissioned by Carbon Market Watch and Transport & Environment (T&E), and conducted by TAKS, analysed the emission reductions, costs and auctioning revenues generated by extending the scope of the Emission Trading System (ETS) for aviation. The three scenarios analysed are 1) the European Commission’s (EC) proposal as part of the Fit For 55 …
Read more “Expanding the EU’s carbon market for aviation: Study and Briefing”
Carbon Market Watch and other green NGOs express their grave concern about the European Commission’s proposal to generate €20 billion from the auctioning of allowances held in the Market Stability Reserve (MSR) of the EU’s Emissions Trading System (ETS) in order to finance measures to help fund the REPowerEU plan, which includes gas and oil …
If the European Union does not significantly strengthen its reformed flagship Emissions Trading System (EU ETS), it risks fuelling planetary heating that will exceed 1.5°C and even missing its own inadequate targets, two simulations show.
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 …
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 …
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 …
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”
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