With its focus on tonnes of carbon dioxide discharged into the atmosphere, the EU’s Emissions Trading System can appear to be technical and immaterial to most people. To uncover the human dimension of the EU ETS, with its challenges and opportunities, Carbon Market Watch
Following the revamping of the EU’s Emissions Trading System, the associated Innovation Fund also requires an overhaul to ensure it serves the purpose of accelerating decarbonisation. Here are Carbon Market Watch’s and Sandbag’s recommendations.
The failure of the European Parliament’s environment committee (ENVI) to demand limits on the amount of greenhouse gases industrial installations are allowed to emit undermines its proposal that the Industrial Emissions Directive should help achieve decarbonisation.
The steel industry’s strategic importance coupled with its strong lobbying power have combined to shield it from a tightening of the Emissions Trading System. This is harmful to the climate, unfair to taxpayers and hurts the sector’s long-term competitiveness.
The EU must ignore lobbying efforts from industry to certify the storage of carbon dioxide in cement or concrete as carbon removals.
EU environment ministers will soon hammer out their position on the revision of one of the largest and most impactful environmental policies in Europe, the Industrial Emissions Directive. One crucial element seems to have been left out yet again: the regulation of greenhouse gas
The debate on EU industrial subsidies in the face of the US Inflation Reduction Act and against the backdrop of the Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) deals raises some uncomfortable questions.
The long process that was meant to transform the EU’s Emissions Trading System into an effective tool for climate action has culminated in a final deal that will not reduce Europe’s industrial carbon footprint rapidly enough to tackle the climate crisis. The reformed EU
The European Commission’s blueprint for certifying carbon removals risks turning into a carbon loophole bonanza that will slow down the deep and sustained decarbonisation transition the EU urgently needs.
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