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 emissions.
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 ETS lavishes freebies on polluting industries and leaves households and taxpayers with the bill.
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 …
Read more “European airlines misleading customers with claims of “carbon-neutral” flights – study”
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 …
Read more “October newsletter editorial: Decarbonisation is not deindustrialisation”
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 …
Read more “Clearing the fog around heavy industry’s carbon market claims”
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 …
Read more “Plundering the EU’s carbon market to fight the energy crunch is self-defeating”
The proposed inclusion of international maritime transport in the EU Emissions Trading System (EU ETS) is not only fair and in line with the ‘polluter pays’ principle, but also essential to helping the sector decarbonise. Due to a lack of progress at the global talks to tackle carbon pollution at the International Maritime Organisation (IMO), …
Read more “Making the EU carbon market shipshape for the maritime sector”
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 …
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 …
Read more “September newsletter editorial: Tackling the climate crisis and the energy crunch”
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