Carbon removals can only play a minor supporting role to rapid and deep emissions reductions, concluded a panel discussion organised by Carbon Market Watch at the European Parliament.
The failure of the European Parliament’s environment committee (ENVI) to demand limits on the amount of greenhouse gases industrial installations are allowed to emit undermines its proposal that the Industrial Emissions Directive should help achieve decarbonisation.
The European Parliament Environment Committee’s rapporteur has preserved most of the defects in her draft report reacting to the European Commission’s proposed Carbon Removal Certification Framework. The draft report, composed by MEP Lídia Pereira of the European People’s Party, contains many small improvements compared with the European Commission’s original proposal for a Carbon Removal Certification …
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.
At a time when we need to shift our collective climate action up a gear, the influence of the fossil fuels lobby is succeeding in slowing down ambition both at COP27 and in the EU. COP27 produced one significant breakthrough – the agreement on a fund to compensate vulnerable and poorer countries for the loss …
Read more “December editorial: Greenwashing fossil fuels in Sharm el-Sheikh and Brussels”
The draft EU Carbon Removal Certification Framework is at risk of doing more harm than good to the climate and biodiversity, while encouraging climate inaction.
The European Commission’s blueprint for certifying carbon removals risks turning into a carbon loophole bonanza that will slow down the deep and sustained decarbonisation transition the EU urgently needs.
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”
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