SANDBAG has published its newest report on offsets in the EU: International Offsets and the EU 2009: an update on the usage of compliance offsets in the EU Emissions Trading Scheme – by Rob Elsworth and Bryony Worthington
The report is based on a consolidated database of information about the use of certified emissions reductions (CERs), which were generated by clean development mechanism (CDM) projects, in the EU Emissions Trading System in 2009.
Download Report here
With its focus on tonnes of carbon dioxide discharged into the atmosphere, the EU’s Emissions Trading System can appear to be technical
Following the revamping of the EU’s Emissions Trading System, the associated Innovation Fund also requires an overhaul to ensure it serves the purpose of accelerating decarbonisation. Here are Carbon Market Watch’s and Sandbag’s recommendations.
The steel industry’s strategic importance coupled with its strong lobbying power have combined to shield it from a tightening of the Emissions Trading System. This is harmful to the climate, unfair to taxpayers and hurts the sector’s long-term competitiveness.
The EU must ignore lobbying efforts from industry to certify the storage of carbon dioxide in cement or concrete as carbon removals.
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