Last week, Switzerland was the first country to officially submit its climate commitment ahead of the international climate agreement to be finalized in Paris at the end of this year. Switzerland announced a 50% emission reduction target by 2030, of which at least 30%
In February members of the European Parliament voted to start the reform of the EU’s carbon market by 2019, and put almost 1.4 billion pollution permits that were due to come back to the market by 2020 directly into the new market stability reserve
Today, the European Commission (EC) has published a first glimpse of the mitigation contributions the EU intends to contribute to the Paris Protocol. The Communication launched today entitled “The Paris Protocol – A blueprint for tackling global climate change beyond 2020” includes a proposal
Brussels 24 February. Today the European Parliament’s environment committee took the first steps to reform the EU’s Emissions Trading System. Following intense pressure from forward looking investors and civil society, policymakers agreed to curb the total amount of pollution permits in the system that
On Tuesday 24 February, Members of the European Parliament will cast a crucial vote on the future of Europe’s flagship climate instrument, the EU’s Emissions Trading System (EU ETS). Failure to reform Europe’s carbon market could sink the emerging network of global carbon trading
In December 2014 implementing rules to achieve the CO2 reduction target of oil suppliers in Europe were adopted. The newly adopted fuel standard opens doors for oil companies to use questionable offsets, including from heavily contested activities related to tar sand exploitation in Alberta.
This month, South Korea became the second Asian country after Kazakhstan to officially start a national carbon market. The first carbon allowances that were traded on the Korea Exchange were sold at a similar price to that in Europe’s emissions trading system (EU ETS).
Brussels, 17 December 2014. Today, the European Parliament adopted the proposal to implement the Fuel Quality Directive (FQD), opening doors for the use of offsets associated with Alberta’s tar sands. A report launched today shows how the oil companies’ lobby succeeded in watering down
24 October 2014, Brussels. Today’s decision on a 40% greenhouse gas reduction target by 2030 is contaminated by excess emission allowances from the current system that will water down the real-world reduction to 31%. EU leaders agreed on new trading options that avoid necessary
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