Europe’s recovery plans will fall flat unless they drive a green transition Dear friends, Up until only a few weeks ago, the climate emergency topped Europe’s political agenda. The European Commission published its much-awaited EU Climate Law, proposing to make Europe’s climate-neutrality target legally binding. Another key initiative was the launch of the new industrial…
MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO’s Council has agreed to recognise carbon offsets from six existing offset programmes for use by airlines under CORSIA, the UN’s new carbon market for aviation. The Council’s 36 member countries also decided to limit the age of credits used as well as the type of projects eligible. However, the total supply of…
BRUSSELS 10 March 2020. The European Commission’s new industrial strategy provides a strong narrative on the need to decarbonise Europe’s industrial sector but fails to put forward concrete measures to drive the transformation and address barriers on the road to climate neutrality. Carbon Market Watch calls for a swift adoption of industrial climate policies including…
Welcome to Carbon Countdown, a podcast by Carbon Market Watch covering all things carbon pricing, climate action and just transition Episode 1: Why the Green Deal needs a strong industrial climate plan Music: Ambient Technology by Joystock – https://www.joystock.org What are we talking about today? We discuss the upcoming EU industrial strategy, in which the…
Warnings about a shortage of credits under the future aviation carbon market are unfounded. The upcoming decision on what airlines will be able to buy must, therefore, focus on ensuring that only credits from high-quality projects are eligible. It is crunch time again for the ICAO Council, the UN aviation agency’s decision-making body comprised of…
New EU state aid guidelines for compensating industry for higher electricity costs under the EU carbon market reduce the number of eligible sectors and limit aid to those investing in energy efficiency. However, if this so far inefficient and expensive scheme is to continue, further significant improvements are needed to ensure that it helps Europe…
Welcome to this latest edition of the WT! (Watch This!). In this edition we bring you campaign updates from COP25 in Madrid, Spain and actions from around the globe to sound the alarm bells on the climate crisis. Carbon Markets @ COP25 Negotiations on carbon markets have moved slow – the last remaining items of…
Sail to the COP – COP25 from two sides of the Atlantic Ocean Sail to the COP is a think tank and campaign advocating for sustainable travel. The aviation industry, for example, is a rapidly growing sector that alone is projected to emit more than the Paris Agreement carbon budget in 2050.. To put travel…
Global Carbon Markets Could Make Or Break Climate Action Dear friends, Just five weeks before the UN climate summit (COP25) was due to start in Santiago, the Chilean government pulled the plug on the event amid ongoing violent protests against deep inequalities in one of the wealthiest Latin American countries. While the talks found a…
In two parallel global climate processes governments need to finalise details for both international carbon markets under the Paris Agreement and the future aviation offsetting scheme CORSIA. Meanwhile, citizens are losing patience with their leaders that move too slowly in the face of a climate breakdown. Strong action is therefore expected from decision-makers if they…
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