Why integrating carbon credits into the ETS sabotages the EU’s climate ambition

by Federica DossiDecarbonising European industryPosted on Comments are Disabled

Europe is the fastest-warming continent on the planet, yet while citizens are suffering from heatwaves and the forests around them burn in catastrophic wildfires, the European Commission has proposed to weaken its flagship climate policy by allowing polluters to offset a quarter of a billion tonnes of CO2e with risky carbon credits – wasting billions …

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Are Article 6 carbon market rules fit for purpose?

by Federica DossiGlobal marketsPosted on Comments are Disabled

In our latest report, we assessed the strengths and weaknesses of the finalised Article 6 rulebook and found so many holes, it’s like a sieve. At the COP29 climate conference in Baku, countries concluded nine years of negotiations and finalised the rulebook for United Nations carbon markets under Article 6 of the Paris Agreement. Since …

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There can be no flexibility in the EU’s 2040 climate target

by Federica DossiThe EU Green Deal and Climate LawPosted on Comments are Disabled

Apparently, EU lawmakers are exploring four potential loopholes to weaken the target under the guise of “greater flexibility”. Under consideration are suggestions that include postponing climate action until the latter half of the 2030’s, allowing for more flexibility between EU sectors, or relying on international offsets and additional carbon removals to somehow fill the gap caused by EU inaction.