Yesterday the European Parliament’s Environment Committee voted in favour of a compromise deal on the European Commission proposal to temporarily curb the oversupply of emission allowances in the EU Emissions Trading Scheme (EU ETS). Carbon Market Watch criticizes the outcome as stifling and calls
In Doha Parties decided that the two JI tracks should be merged. However, all further decisions about JI were delegated to be discussed at the upcoming meeting in Bonn in June 2013. Below is a short summary of essential reform requirements needed. JI is
The quest to prop up depressed CO2 prices in the European Union’s Emissions Trading Scheme (EU ETS) is continuing. After the narrow rejection of the back-loading proposal in April, the European Parliament is expected to have a second vote in July. Meanwhile, the scheme
Joint article by Carbon Market Watch and ClientEarth The EU’s Effort Sharing Decision (ESD) covers all sectors not included in the EU-ETS, except international shipping, aviation and LULUCF. These ESD sectors are responsible for 60% of the EU’s greenhouse gas emissions, yet current reduction
Last week, the European Commission released data about the 2012 use of offset credits in its Emission Trading Scheme (EU ETS). A large part of offset credits are from heavily criticised Joint Implementation projects and large-scale power plants under the Clean Development Mechanism. Carbon
Despite severely over-supplied carbon markets and lacking mitigation commitments, countries are currently developing additional carbon market schemes. At the same time, countries are contemplating what changes are needed to the underlying rules of the CDM. They are also negotiating REDD and other approaches to
By Adela Putinelu, Carbon Market Watch The International Civil Aviation Organisation (ICAO) is expected to agree this year on a market based mechanism to address aviation emissions. After the European Commission delayed its plan of including international aviation in its emissions trading scheme
By Adela Putinelu, Carbon Market Watch The European Union Emissions Trading Scheme (EU ETS) is the largest emissions trading market internationally and the pillar of EU climate policy. But the scheme struggles with an over-supply of 2 billion tonnes of CO2, very low
Although the back-loading plan was meant to be a small intervention to prop up carbon prices, the last seven months of heated debates make this a ‘make or break’ deal. This past week, the Environment Committee in the European Parliament voted in favour of
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