Last week, the European Parliament adopted its position on the revision of the EU Emissions Trading System (EU ETS). While overall the position falls short of a true reform, the EU lawmakers did decide to include shipping in the EU ETS in the absence of climate action at the global level, and strengthened the rules for the aviation sector.
Carbon Market Watch Newsroom
The European Commission last week finalized a decision to reduce the amount of free pollution permits handed out to energy intensive industry for the period up to 2020. This decision comes at a time when the European Parliament and EU ministers are deliberating over how many pollution permits heavy industry should get for free after 2020.
The ESR is a complicated beast and making the numbers easily accessible and digestible is essential to opening the door for widespread engagement with the ESR by citizens, NGOs, and businesses.
In 2016, the European Commission presented a legislative proposal to reduce the greenhouse gas emissions from the transport, buildings, agriculture and waste sectors. The Effort Sharing Regulation (ESR) is the EU’s largest climate instrument and regulates about 60% of our total emissions. In recent weeks, rapporteurs from three European Parliament committees presented their visions for moving the legislation forward.
Forests and land-use remain a contentious issue in climate negotiations, but are an essential part of many countries’ climate pledges. The sector should be used as an additional climate tool, not as an excuse to reduce ambition in others. At the UN climate conference in Marrakesh, discussions on land use remained gridlocked because of the […]
Climate action is multiplying outside of the UN climate talks (UNFCCC), from the Kigali Agreement on the highly potent greenhouse gas HFCs to International Civil Aviation Organization (ICAO) agreeing to offset emissions from international aviation. Nevertheless, they all have connections to the UNFCCC where the bulk of the world’s effort against climate change is managed. […]
At the COP 22 climate conference in Marrakesh, countries continued debating the review of the UN’s Clean Development Mechanism (CDM), which will serve as a model for the newly established Sustainable Development Mechanism (SDM). Parties generally shied away from controversial topics, such as demands to establish a grievance mechanism. In order for the CDM review […]
Los activistas por el clima que buscaban algo de progreso en las negociaciones de Marrakech salen defraudados de las negociaciones. La elección de Donald Trump como presidente de los EE. UU. poco después del inicio de la reunión tiñó de gris las conversaciones que solo se iluminaron un poco cuando los países más vulnerables se comprometieron […]
The Paris climate change agreement paves the way for next generation carbon trading. It is nevertheless essential that any new market based climate tool fosters higher ambition, ensures environmental integrity, contributes to sustainable development and upholds human rights.
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.