Carbon Market Watch calls for an explicit end to linking EU ETS revenues and indirect cost compensation. The potential expansion of indirect cost compensation to further sectors risks to seriously undermine the decarbonisation efforts of industries such as chemicals.
The European Commission’s Clean Industrial Deal and Omnibus package supports big polluters while the EU’s climate goals are missing in action
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.
25 February 2025 | 11:30-12:40 CET
There is an increasing need for both public and private expenditure, and an availability of growing ETS revenues. Those delivering the most climate action must be rewarded.
Heavily polluting industries are on course to receive the lion’s share of Emissions Trading System (EU ETS) revenue earmarked for Flanders between now and 2030, depriving the government of desperately needed resources to finance decarbonisation and a just transition. The Flemish government must change course
Occidental Petroleum (Oxy) has positioned itself as a global leader in direct air capture, carbon capture and utilisation, and enhanced oil recovery. In ambiguous messaging, the oil and gas company depicts these processes as both an effective tool for tackling the climate crisis and as a mechanism for extending business as usual fossil fuel production and consumption for decades to come.
A large part of heavy industry carbon emissions is exempted from ETS obligations. The allocation system of free emissions allowances was designed to shield European heavy industries from the purported risk of “carbon leakage”, the alleged risk that industries will relocate their production outside of the EU to countries or regions with more lenient carbon emission policies.
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.
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