COP 27: Make or break time for putting the brakes on the climate crisis

Under the shadow of the worsening climate crisis, COP27 kicks off early next week. We’ll be there to influence the conversations on global carbon markets as much as we can, guided by our vision of a socially just and decarbonised future. Two years into the make or break decade for the climate, COP27 is a …

Trilogue triangulation: Mapping the positions of the EU institutions on carbon market reform

As the EU institutions enter into a three-way trilogue on the reform of the Emissions Trading System, we present you with this handy comparative analysis of the options on the table and Carbon Market Watch’s recommendations. Almost a year after the publication of the European Commission’s proposal for the revision of the EU’s Emissions Trading …

September newsletter editorial: Tackling the climate crisis and the energy crunch

As the signs of climate breakdown become unmissable, we must not sacrifice our carbon ambitions in favour of damaging short-term fixes. We must tackle the energy crunch in a way that is compatible with our climate goals. During the summer break, many of us observed signs of climate breakdown. I cycled about 500 km, many …

July newsletter editorial: Keeping hope alive for 1.5

The EU’s recent failure to rise to the unprecedented challenge presented by the climate emergency should not lead us down the path to cynicism but must prod us to redouble our efforts to bring about meaningful change, writes Sabine Frank. “So, how do you know Y (the host)?” I asked at a recent party.  “We …

Inching forward on UN carbon market rules: our takeaways from the Bonn climate conference

Two weeks of negotiations show governments are keen to get global carbon market mechanisms up and running, but much work lies ahead to ensure transparency, environmental integrity and respect for human rights.  The most recent UN climate change conference wrapped on Thursday, concluding two weeks of negotiations on a number of subjects including the implementation …

A compromise too far: Why no deal at the European Parliament was better than a bad deal on EU’s carbon market – Updated

Since the European Parliament’s failure to reach an agreement on the comprehensive reform of the EU Emissions Trading System, MEPs have traded recriminations. However, those claiming that the defeated compromise deal was good for the climate are being disingenuous. Our analysis reveals it would have been catastrophic had it gone through. On 8 June 2022, …

June newsletter editorial: Dramatic week in climate politics shows undercutting ambition is unacceptable

Events followed by more than one member of the CMW team at a time are rare. On the occasion of the European Parliament’s vote on the reform of the EU Emissions Trading System on 8 June, several of us were glued to our screens following the parliamentary proceedings and sharing reactions in an online chat. …

EU Parliament sends carbon market review back to the drawing board

In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee and will now overlap with  Member States finalising their position later this month. In Strasbourg …

FIFA 2022 World Cup’s “carbon neutral” claim is far-fetched and spurious

The 2022 FIFA World Cup in Qatar has advertised itself as a carbon-neutral tournament. However, a thorough Carbon Market Watch analysis reveals that this claim lacks credibility due to the apparent large-scale underestimation of the event’s emissions and the low quality of the carbon credits currently purchased to offset the climate impact. FIFA, football’s international …