The horror playing out in Ukraine disturbs and distresses the Carbon Market Watch team. We have discussed it amongst ourselves. We have expressed our solidarity with those who are affected. We share their anger at the Russian regime’s unwarranted aggression, senseless bloodshed and escalating
The higher carbon prices on the EU’s Emissions Trading System (EU ETS) of the last three months have caused cross-sectoral concern. Many are placing unsubstantiated blame on speculative trading. But with speculation a minor problem at best, is flooding the market with more carbon
Dear friends, Shortly before a dinner guest around our New Year’s Eve table asked me whether it will really be possible to satisfy all our future energy needs with electricity from renewable sources, the European Commission slipped through its controversial proposal for what constitutes
As the EU steps up its efforts to introduce a Carbon Border Adjustment Mechanism, it is crucial that policymakers design the CBAM to support deep emission reductions while safeguarding the right of less-privileged countries to develop, writes CMW policy officer Agnese Ruggiero. French President
Despite some good elements, the European Commission’s proposed carbon removal strategy leaves the door wide open to offsetting after 2030, which will undermine its ability to reduce emissions, writes Wijnand Stoefs. On 15 December 2021, the European Commission published its Sustainable Carbon Cycles Communication,
Even though the European Union’s Emissions Trading System has already issued over €200 billions in free emissions permits, the European Commission is proposing hundreds of billions of euros of additional free allowances for polluting industries. Europe must scrap these pollution subsidies and make polluters
The European Commission released today its much-anticipated Sustainable Carbon Cycles Communication. The strategy undermines its own goals of reducing atmospheric carbon concentration by allowing companies to use removals to offset their emissions in the future. The strategy sets out a blueprint for how the
Some EU governments believe the ‘Fit for 55’ package is too ambitious but, in reality, it is not ambitious enough. More action is needed today because tomorrow will be too late to avoid catastrophic global warming, write Agnese Ruggiero and Andrew Marshall. This week,
The European Emissions Trading System covers almost half of Europe’s climate problem, but it occupies only a fraction of the public mind. We’ve teamed up with a dozen other NGOs in Europe for the Emissions Trading eXtra (ETX) project to shine a floodlight on
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