An airplane viewed through skyscrapers.

Time for EU to act on airline emissions as UN aviation agency’s climate ambitions take a nosedive

The International Civil Aviation Organisation’s General Assembly has further weakened CORSIA, its only carbon pricing tool. It is high time that the EU stopped being hostage to ICAO and industry interests and tackles aviation emissions regionally. Aviation emissions account for 2-3% of total global carbon emissions and should be tackled and regulated by the UN’s …

European airlines misleading customers with claims of “carbon-neutral” flights – study

A new study commissioned by Carbon Market Watch has revealed gaping holes in the effectiveness of voluntary climate action taken by eight major European airlines. Misleading claims of “carbon neutral” flying, a dependence on poor quality carbon offsets and the low cost of a tonne of CO2 that customers can pay to offset are just …

Abandoned factory in Liege, Belgium.

October newsletter editorial: Decarbonisation is not deindustrialisation

At Carbon Market Watch, we seek to decarbonise society, not to deindustrialise it, out of a conviction that our future prosperity depends on our ability to live within the planet’s limits, for the good of society, for the good of nature and, ultimately, for the long-term good of businesses themselves. We went on a tour …

Clearing the fog around heavy industry’s carbon market claims

Ahead of the next trilogue between the EU institutions on the Emissions Trading System (EU ETS), scheduled to kick off next week, CMW’s Agnese Ruggiero and WWF’s Camille Maury tackle the misconceptions and bust the myths about the EU’s carbon market’s revision. The current energy crunch and the burning hot summer Europe experienced this year  …

Open safety deposit boxes

Plundering the EU’s carbon market to fight the energy crunch is self-defeating

Raiding the reserve that underpins the EU’s Emissions Trading System to reduce the European Union’s dependence on Russian gas is short-sighted and destructive, especially as far better solutions exist. The Market Stability Reserve (MSR) is an important element of the EU Emissions Trading System. It has proven effective in supporting the carbon price, and helped …

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 …

Environment ministers weaken Emissions Trading System in a race to the bottom with European Parliament

Rather than correct course after the European Parliament’s shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU ETS even further. Moreover, the Environment Council has offered heavy industry billions in generous freebies while leaving households to pay the bill. Last week, MEPs voted on a diluted Emissions Trading System, undermining …