According to a European Environment’s Agency (EEA) report published this week the oversupply of carbon permits in the EU Emissions Trading System (EU ETS) remains ‘substantial’. At a time when lawmakers are discussing how to get Europe’s flagship climate policy back on track, this report comes as an urgent warning to those trying to save the EU’s failing carbon market.
Next week, EU environment ministers will discuss for the first time the legislative proposal determining national 2030 climate targets for the transport, agriculture, waste and buildings sectors. Ahead of the meeting, a group of 29 organisations urged ministers to close loopholes in the climate law that will determine how Europe meets its climate commitments under the Paris Agreement.
It is a pleasure to invite you to our upcoming civil society workshop on the implementation of European climate policies in Central and Eastern Europe (CEE). WORKSHOP REGISTRATION FORM HERE
This paper explains the effects of ICAO’s offsetting scheme, how it compares to other market-based measures, the risks that must be addressed and recommendations for maintaining European ambition for climate measures in the aviation sector.
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