Carbon Market Watch

For fair and effective climate protection.

EU Climate Policy

Fostering sustainable development through climate action - what should the future UN mechanism look like?

In May, climate negotiators will again gather to flesh out the rules to implement the landmark Paris climate agreement. One of the topics on the agenda is the Sustainable Development ...

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'Price it right, tax it smart, do it now' demands the head of IMF

Carbon Market Watch Joins Coalition to Promote Carbon Pricing As climate skeptics in the White House mulled over whether to remain in the Paris Agreement, less than two blocks away on ...

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'Sharing experiences helps solve problems' – Two days of intense climate action talks with Southern European NGOs

Guest article by Susana Pinto from Quercus About 25 non-governmental organisations from Southern Europe, including Portuguese Quercus, gathered in Madrid on 5 and 6 April to exchange experiences and to explore ...

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Letter to the Austrian government on airport expansion

Dear Government of Austria, Government of Lower Austria and City of Vienna, The international climate community applauds the recent decision by the Federal administrative court in Vienna to block the expansion ...

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CLARA Briefing - Climate Action in the Land Sector: Treading carefully

This briefing, published by the Climate, Land, Ambition and Rights Alliance – CLARA –, has been endorsed by Carbon Market Watch. Executive Summary Climate action must be urgently scaled up to limit ...

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Policy Brief: Good-Bye Kyoto: Transitioning away from offsetting after 2020

Executive Summary The 2015 Paris Agreement, which sets out the framework for global climate action after 2020, includes the establishment of the Sustainable Development Mechanism (SDM). The goals of the SDM are ...

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Press statement: New study adds urgency to end UN carbon offsetting scheme

- European Commission publishes new study on Clean Development Mechanism - Study finds 73% of potential offsets to be issued under the scheme between 2013 and 2020 are worthless - ...

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UN climate fund should learn from past mistakes and reject large hydro dam projects

In a controversial move, the Board of the Green Climate Fund (GCF) has approved three large hydro dam projects, despite concerns raised by civil society on the extensive adverse social ...

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Open letter to Green Climate Fund Board on keeping the fund fossil fuel free

March 2017 Dear Members and Alternate Members of the Board: We write to urge you to develop and adopt an investment policy for the treasury of the United Nations Green Climate Fund ...

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El acuerdo global de aviación empleado para evitar la ambición de Europa para el sector

El acuerdo global de aviación empleado para evitar la ambición de Europa para el sector

Tras la creación de un esquema de compensación global por parte de la Organización de la Aviación Civil Internacional (OACI) el otoño pasado, el tema de la ambición de la ...

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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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