Carbon Market Watch Newsletter – May 2021

Time to tackle the thorny issues at UN carbon market talks  Next week, UN negotiators continue the talks on the Paris Agreement’s Article 6 which lays the foundation for future global carbon markets. It is the last open element of the so-called Paris Rulebook to implement the global climate deal. Political leaders have failed to …

Steel, cement and chemicals industries key to the clean transition 

The International Energy Agency outlines a path to a fossil-free future The International Energy Agency calls for an immediate stop to investments in and production of fossil fuels. For heavy industry decarbonisation, the “Net Zero by 2050” report relies too much on unproven technologies like carbon capture and storage. But it nevertheless sends a strong …

Carbon Market Watch Newsletter – April 2021

New hope for Europe’s carbon market? The latest EU carbon market data shows a record fall in CO2 emissions. But while the power sector pollution is on a steady decline year after year, for heavy industry, last year’s pandemic-induced drop is likely going to be short-lived. Industrial emissions in Europe have not reduced in the …

Making the industrial pollution law fit for the EU Green Deal

A recent Carbon Market Watch webinar discussed the upcoming revision of the Industrial Emissions Directive in the framework of the European Green Deal. Achieving the goals of the European Green Deal (EGD) will entail driving down greenhouse gas emissions as well as achieving zero pollution and a non-toxic environment by 2050. The upcoming revisions of …

What can we learn from the Dutch national carbon tax?

Guest article by Kirsten Sleven, Director, WISE As the first country in the world, the Netherlands is about to introduce a carbon tax on industrial pollution. The tax is part of a broader policy package (Dutch Climate Agreement) to stimulate major industrial polluters to ‘decarbonize’ their production processes and was drawn up in consultation with …

Carbon Market Watch Newsletter – November 2020

‘Carbon removals’ must be approached with caution Carbon removals are becoming a hot topic and are also rising up on the EU’s policy-making agenda. There is no denying that we will need to suck CO2 pollution from the atmosphere over the course of this century to avert the worst impacts of the climate crisis. But …

What should a carbon border measure look like?

A carbon border adjustment measure can support a clean industrial transition globally if it’s designed properly and fairly. It must replace all current EU pollution handouts and its revenues must be used wisely to drive innovation and to provide climate finance to countries that most need it. The EU Commission is preparing the law to …

Carbon Market Watch Newsletter – October 2020

Green Commitment Or Greenwashing? Since last year, Shell has been offering European motorists “carbon neutral” driving and recently Total announced that it is now selling “carbon neutral” liquified natural gas. Are the fossil fuel giants going green? No, we are not talking about electric car charging stations or renewable fuels. Both Shell and Total are …

Europe’s new climate pledge: more than a glossy magazine cover?

Scroll down for French and Spanish Interview with Agnese Ruggiero In a ‘normal’ year last month’s big climate announcements by Europe and China would have been a major international talking point, sadly this year is nothing but normal!  First, the EU Commission during the State of the Union speech set out a plan to raise …