News & Press

By Agnese Ruggiero and Andrew Marshall on 7 Oct 2021

How to get ‘Fit for 55’ in shape for the climate emergency

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, European environment ministers met in Luxembourg to discuss the draft ‘Fit…

Read more →

By Sabine Frank on 30 Sep 2021

September editorial: Seeking common ground on the climate crisis

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 the ETS and its future, as well as to tilt up…

Read more →

By Andrew Marshall on 29 Sep 2021

Will the world’s largest carbon market reduce China’s emissions?

China’s new carbon market replicates the problems associated with the EU’s Emissions Trading System and adds a few of its own, such as its failure to impose a cap on emissions. This casts doubts on China’s ability to meet its climate targets. Andrew Marshall explains. The world’s largest carbon market made its debut this summer….

Read more →

Carbon Market Watch News
By Elisa Martelluci on 29 Sep 2021

Harnessing people power to reduce emissions

A new project led by Carbon Market Watch seeks to empower European civil society to shape the EU’s Emissions Trading System and carbon pricing policies. Carbon Market Watch launched Emissions Trading eXtra (ETX) earlier this month. This new project aims to enhance European climate governance and optimise the functioning of the EU’s carbon market, the…

Read more →

By Wijnand Stoefs on 28 Sep 2021

Carbon capture and utilisation is unfit for 55

Carbon capture and utilisation (CCU), which is almost always only a temporary store of greenhouse gases, should not absolve corporations of their obligations to pay for their pollution, writes Wijnand Stoefs. The European Commission has proposed introducing CCU into the EU carbon market policy framework as a part of its ‘Fit for 55’ revamp of…

Read more →

Carbon Market Watch News
By Wijnand Stoefs on 28 Sep 2021

Penetrating the carbon removal smokescreen

Carbon dioxide removal, or carbon removal for short, is a controversial and widely misunderstood topic. Harnessed properly, it can help cool our planet and combat global heating. Misused, it can be reduced to an exercise in greenwashing and creative climate bookkeeping that enables polluters to continue polluting with impunity. Wijnand Stoefs explains. Carbon removal means…

Read more →

Opinion
By Wijnand Stoefs on 20 Sep 2021

There is no cheating the atmosphere

Simply throwing public money at misleading climate solutions, such as carbon capture and storage/utilisation, would be a huge mistake. Although books can be cooked, the atmosphere cannot be cheated. Back in June, fifteen Members of the European Parliament sent an open letter to European  Commisson Vice-President Frans Timmermans and Energy Commissioner Kadri Simson, Internal Market Commissioner…

Read more →

Press release
14 Jul 2021

European carbon market does not move with the climate urgency of our times

Brussels, 14 July 2021 – The European Commission’s proposals to improve the EU Emissions Trading System (ETS) and establish a Carbon Border Adjustment Mechanism (CBAM) are not in line with the Paris Agreement and Europe’s historic responsibility to cut emissions. The legislation initiative keeps neglecting the “polluter pays” principle of the EU Treaties and continues…

Read more →

Carbon Market Watch News
By Kaisa Amaral on 1 Jul 2021

Carbon Market Watch Newsletter June 2021

Forestry offsets allow Colombian fossil fuel companies to dodge taxes Colombia has a carbon tax in place, but companies are allowed to buy offsets to avoid paying the tax.  Our new investigation finds that two large-scale Amazonian forestry projects have sold carbon credits for way more emission reductions than they have actually achieved. Such “hot…

Read more →

Opinion
By Andrew Marshall on 30 Jun 2021

New EU ETS: time for steel, cement and chemicals to (be)come clean

The EU carbon market has helped drive down carbon pollution from Europe’s power sector but has failed to do the same for heavy industries such as cement, steel and chemicals. A part of the reason is the free allocation of pollution permits, which means that the industry has little incentive to clean up its act….

Read more →