The concept of “carbon leakage” is a major area of discussion in the legislative proposal to revise the EU’s Emissions Trading System (EU ETS) for the post-2020 period. The Commission’s proposal continues the trend of awarding free allowances, effectively representing a financial subsidy of
In July 2015, the European Commission presented a legislative proposal to revise the EU’s Emissions Trading System (ETS) in order to implement the EU’s 2030 target of at least 40% domestic emission reductions. Although the proposal suggests a few improvements it fails to introduce
A new study by the Stockholm Environment Institute (SEI) finds that bogus carbon offsets issued under the Kyoto Protocols’ Joint Implementation (JI) offsetting mechanism to date have increased global emissions by 600 million tonnes CO2 to date. The study came timely ahead of the
Just when everyone started leaving for their summer holidays, the Commission published a legislative proposal to revise Europe’s carbon market to make it fit for the post-2020 period. The proposal was heavily criticized for failing to tackle the fundamental flaws of the EU ETS
15 July 2015, Brussels. Today’s publication of the EU Emissions Trading System review proposes to increase pollution subsidies to industry to at least €160 billion after 2020. Carbon Market Watch strongly criticizes the proposal for watering down already weak provisions in the EU ETS
This week, European policymakers have provisionally agreed on a fix for the EU’s carbon market that is suffering from an oversupply of pollution permits and yielding record-low prices. While this is a great step forward, a permanent solution to tackle the glut of pollution
This week, the European Commission released new data on the number and origin of carbon offsets used in 2014 by companies in the EU’s carbon market. Despite new eligibility criteria to incentivize investments in poor countries, the majority of offsets come from China, Ukraine
As the EU and Switzerland are about to conclude the technical negotiations to link the EU and Swiss carbon markets in the coming months, a new policy brief and report by Carbon Market Watch show that the EU must increase its climate target to
6 May 2015, Brussels. European policymakers provisionally agreed to start implementing the reform of the EU’s Emissions Trading System on 1 January 2019 and put the pollution permits that were due to come back to the market by 2020 directly into the new Market
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