Carbon Market Watch

For fair and effective climate protection.

EU Climate Policy

Open letter to EU environment ministers on ETS funds

Dear Environment Minister, Ahead of the upcoming trilogue meeting on the revision of EU’s Emission Trading System (ETS), the undersigned, representing 30 networks and organizations representing citizens from across Europe, would ...

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Open Letter: EU LULUCF rules will set an international precedent

Open letter sent to EU Commissioner for climate & energy Cañete, MEP Norbert Lins (LULUCF rapporteur in parliament) and Dr Herrera (Malta Presidency)  The EU is in the process of deciding ...

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Lead EU lawmaker agrees that global aviation deal should not automatically replace Europe’s carbon market

Lead EU lawmaker agrees that global aviation deal should not automatically replace Europe’s carbon market

The European Parliament’s negotiator on aviation emissions has proposed to bring international flights back under the EU’s carbon market if the global aviation deal to tackle emissions is deemed insufficient. ...

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Policy Event: A Clean Fit: How the EU Emissions Trading System and the Clean Energy Package can work together for the climate

REGISTER HERE   Time and place Tuesday 6 June, 14.00-18.00 Permanent Representation of the Netherlands to the European Union 4-10, Avenue de Cortenbergh, 1040 BRUSSELS Programme 14.00-14.30 Registration 14.40-16.30 Panel debate with input from Ms Jytte Guteland, Member of ...

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Webinar - Ensuring carbon market integrity under the Paris Agreement - challenges and opportunities

Tuesday 23 May 2017  15:00 - 16:30 CEST (Brussels)  Description: The Paris Agreement’s Article 6 opens a new era for international carbon markets, establishing multiple avenues for cooperation, including the Sustainable Development Mechanism ...

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Policy Brief: Too big to fail? Environmental responsibilities of the UNFCCC and ICAO processes for aviation’s new carbon market

Executive Summary Last year, states created an offsetting scheme to compensate for aviation’s pollution growth above 2020 levels. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is supposed to contribute to ...

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Policy Brief: Building blocks for a robust Sustainable Development Mechanism

Executive Summary The Paris Agreement marks a new era for international climate action in general, and specifically for international carbon markets. Though the agreement does not mention markets per se, Article 6 ...

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Recommendations for APA Items 3, 5 and 6 as they relate to bunkers targets outside of the scope of NDCs

Prepared for the Bonn Climate Change Conference 8 - 18 May 2017 International aviation and shipping emissions, referred to as bunkers emissions, are principally dealt with under the UN processes of ...

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Recommendations for Article 6 of the Paris Agreement

Prepared for the Bonn Climate Change Conference 8 - 18 May 2017 Carbon Market Watch welcomes the opportunity to provide input to the discussions on matters relating to Article 6 of ...

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Recommendations for the review of the modalities and procedures for the Clean Development Mechanism

Prepared for Subsidiary Body for Implementation, 46th Session, 8-18 May 2017 Carbon Market Watch welcomes the opportunity to provide input to the discussions on the review of the modalities and procedures ...

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2030 Climate and Energy Package  (Analysis here)

Go to our full page here

HIGHLIGHTS

In a nutshell, key highlights of decisions on the 2030 climate and energy framework include:

  1. A binding target to reduce domestic greenhouse gas emissions by at least 40% by 2030, possibly resulting in only 31% effective emission reductions

  2. A possible revision of the EU’s pledge after the climate summit in Paris next year, opening doors for the EU to increase its climate ambition and participate in the international carbon market

  3. Flexibilities to help achieve Member States’ targets for the non-ETS sectors, including offsetting non-ETS emissions with EU ETS allowances

  4. Continuation of free allocation of emission allowances to industry, worth €120-€300 billion

  5. Inclusion of land use, land use change and forestry (LULUCF) into the climate framework

  6. Financial support to the power sector in low-income states, including free allowances to power plants worth up to €11-€16.5 billion and a modernization fund worth €6-€9 billion

Find out more here

2020 Package

The EU decided in 2008 to cut 20% of greenhouse gas emissions from 1990 levels by 2020, together with a 20% renewables target. It stipulated that an increase to a 30 % reduction commitment would depend other developed countries taking on comparably ambitious emission reductions targets and that the economically more advanced developing countries make a contribution commensurate with their respective responsibilities and capabilities.

The EU’s 20 % GHG reduction target for 2020 is implemented through the EU’s Emission Trading Scheme (EU-ETS) and the Effort Sharing Decision (ESD) which defines reduction targets for the non-ETS sectors (e.g. transportation) in each EU Member State.

 

* Most Recent Carbon Market Watch Publications on EU Climate Policy *

Carbon Market Watch Publications on EU Climate Policy

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