Editorial
Earlier this month, six EU countries discussed the possibility of introducing a minimum price on pollution. A carbon floor price in Northern and Western Europe could accelerate the shift away from coal and create a tipping point for the phase-out of fossil fuels in other sectors and jurisdictions.
An initiative by the Dutch environmental organisation WISE aims to get citizens more involved in shaping Europe’s carbon market. Carbonkiller allows anyone to buy and cancel pollution permits from the oversupplied market with the goal to raise both the price and public awareness.
The EU accepts the draft rules for the future global aviation offsetting scheme without changes but raises questions about the offset quality. A new study also shows that the scheme will have little impact on the sector’s soaring emissions unless restrictions are applied on what kind of offsets airlines can use to meet their obligations.
Happy Reading
Carbon Market Watch
– Ending the era of cheap pollution in Europe?
– Is Europe compromising too much for the aviation carbon market?
– Carbonkiller buys out the bubble!
– Offset restrictions needed to avoid crash landing for the ICAO scheme
