Revenue from the EU’s Emissions Trading System (EU ETS) continues to be spent on subsidising heavy industry pollution rather than on climate action and ending energy poverty.
The EU’s Emissions Trading System (EU ETS) is being expanded to cover shipping. But what does this involve and what does it mean for the maritime sector?
Emissions Aristocracy of just 30 companies spews out half of the greenhouse gases covered by the European Union’s Emissions Trading System (EU ETS), representing a quarter of the EU’s carbon footprint, a CMW report uncovers.
With shipping due to enter the EU’s Emissions Trading System (EU ETS) in 2024, North Sea Port in Belgium is striving to put more wind in the sails of its climate strategy.
Carbon Market Watch calls on organisations, businesses and academics to join its open call for the EU to explicitly separate its targets and policies for emissions reductions, carbon sequestration in the land sector and permanent removals in its post-2030 climate framework.
Portugal is using revenue from the EU’s Emissions Trading System (EU ETS) to help finance its green transition, bankrolling everything from cycling infrastructure to nature conservation.
The European Union’s expansion of the European Emissions Trading System, known as ETS2, will extend the “polluter pays” principle to buildings and road transport. This will make carbon pricing more tangible to EU citizens but can also help them decarbonise.
Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
With its focus on tonnes of carbon dioxide discharged into the atmosphere, the EU’s Emissions Trading System can appear to be technical and immaterial to most people. To uncover the human dimension of the EU ETS, with its challenges and opportunities, Carbon Market Watch
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