Carbon Market Watch

For fair and effective climate protection.

Press Statements

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 – Brussels 19 April 2017. The European Commission has released a new study showing major flaws in carbon offsets from the Clean Development Mechanism (CDM). As […] more »

Press Statement: Just three EU countries step up to the plate for Paris climate deal – ranking

Effort Sharing Regulation – EU’s key climate tool currently being negotiated / Leaderboard index shows efforts by member states to strengthen or weaken law / Sweden at the top, Spain, Italy, Poland, Czech Republic biggest drags on ambition BRUSSELS 28 March 2017. Only three countries in Europe are on the right track to deliver on […] more »

Press Statement: EU countries take a small step to address carbon market oversupply

BRUSSELS 28 February 2017. Today the EU environment ministers adopted their position on the EU Emissions Trading System (EU ETS) revision. While the ministers proposed some improvements to the original proposal, more is needed to align one of the EU’s key climate laws with the Paris Agreement on climate change. To address the chronic glut […] more »

Press Statement: EU carbon market future in doubt as lawmakers fail with reform

STRASBOURG 15 February 2017. Today the European Parliament adopted its position on the revision of the EU’s Emissions Trading System (EU ETS) for the 2021-2030 period. Regrettably, the lawmakers missed out on an opportunity to strengthen the polluter pays principle through a carbon border tax on cement imports and an end to free pollution permits […] more »

Press Statement: EU’s climate reputation bruised as long-haul flight exemption extended

BRUSSELS 3 February 2017. The European Commission has proposed to continue to exempt all flights to and from Europe from paying for their pollution under the EU’s carbon market rules, following an international agreement on aviation emissions. An uncertain global agreement should not be allowed to undermine EU’s climate efforts. The proposal comes after the […] more »

Media advisory: Loopholes in key climate law put EU’s emissions reduction target at risk

Joint media advisory by Carbon Market Watch and Transport & Environment BRUSSELS 24 January 2017. Rather than reducing emissions by 30% from transport, agriculture, buildings and waste sectors, the EU could be heading towards only 23% cut by 2030. Carbon Market Watch and Transport & Environment launch an online tool to help calculate the impact […] more »

Press Statement: Europe’s emissions trading system lives to fight another day

Strasbourg, 15 December 2016. Today members on the European Parliament’s environment committee voted on the revision of the EU’s Emission’s Trading System (EU ETS). The vote enables faster cuts in Europe’s carbon pollution but falls short of putting a halt on free handouts to polluters. The EU ETS is the world’s largest carbon market and […] more »

Press Statement: EU fuel quality rules too weak to change oil industry practices; now governments must act

 Joint statement by Carbon Market Watch and Transport & Environment BRUSSELS, 1 December 2016. The European Commission’s guidelines on reducing emissions ‘upstream’ from oil refineries are too weak to drive real action by the oil industry because they leave open the door to questionable carbon offsets, green groups Carbon Market Watch and Transport & Environment […] more »

Press statement: Cement industry made €5 billion in pollution windfall from EU’s carbon market

BRUSSELS 30 November 2016. The European cement sector has earned over 5 billion euros from the EU’s Emissions Trading System (EU ETS) according to updated windfall calculations taken from 2008-2015. The findings from independent analysts at CE Delft highlight the urgent need to drastically curb the volume of free pollution permits handed out to carbon-intensive […] more »

Press Statement – In landmark decision, Panama withdraws UN registration for Barro Blanco hydrodam project

Marrakech, Morocco; Panama City, Panama – 10 November 2016: Last week, Panama withdrew its registration of the controversial Barro Blanco hydro dam project, setting a precedent under the UN’s Clean Development Mechanism (CDM). While this decision is a step in the right direction for climate action, lessons need to be learned to ensure that the […] more »