Carbon Market Watch Newsletter – February 2021

Gearing up for the EU carbon market rules revision The deadline for public consultation on the EU carbon market rules review passed earlier this month. A look at the input from industry is revealing. For example, the cement sector wants to be rewarded for using uncertain (taxpayer-funded) carbon capture and storage or utilisation to deal …

Taking aim at the economic and climate crises – but do member states’ recovery plans really hit the target?

Italy, Spain, Hungary, and Romania’s National Recovery and Resilience Plans (NRRPs) may well be off-target (and Poland hasn’t published one yet). By not covering in sufficient detail all aspects of the green transition in their plans, these member states could be missing out on the chance to use EU recovery funds to tackle the economic …

Concrete ideas to divert attention

Debunking industrial carbon removal claims: Cembureau Removing carbon from the atmosphere as a concept is gaining traction around the world. While some form of it will likely be needed to keep global temperature rise below 1.5 degrees, cutting pollution must remain the immediate priority.  As industry struggles to imagine or operationalise net-zero emissions plans by …

Harder, Better, Faster, Stronger [1]

Two key elements to get right in the EU carbon market review The upcoming revision of the EU carbon market rules is an opportunity to ensure that industries covered by it cut their pollution in line with the EU Green Deal objectives and the Paris Climate Agreement. Agreeing on a faster pace at which emissions …