The annual carbon market survey by the financial market data analyst Refinitiv shows high confidence in the European Green Deal in strengthening the EU carbon market. First, the 80 respondents that answered to the questions about EU policies, see the EU emissions trading system (EU ETS) as the most important tool for reducing greenhouse gas…
Editorial It’s been two years since the Paris climate deal was signed, and governments are busy working on the rules to put it into practice. Ahead of the UN Climate Change Conference in Bonn next week, we take a look at what is needed to ensure that international carbon markets increase climate ambition. Shipping is…
After almost two years of intense negotiations, this week the European Parliament will give its final approval for the Climate Action Regulation, which aims to reduce emissions from transport, agriculture, buildings and waste management. Implementation will determine how effective this key climate law will be in helping Europe achieve its Paris climate goals. Covering over…
Editorial In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable…
BRUSSELS 13 OCTOBER 2017. Today, the EU environment ministers adopted their position on the Effort Sharing Regulation (ESR) which covers emissions from the transport, building, agriculture and waste sectors in the 2021-2030 period. As the EU’s largest climate tool, the ESR is key to implementing the Paris Agreement in Europe. Loopholes adopted today by the…
This piece was first published on Euractiv on 9 October 2017 EU member states can enable the upscaling of good examples of local climate action by closing loopholes in the Effort Sharing Regulation, a centerpiece of the EU’s climate policy, write Claire Roumet and Femke de Jong. This week, the EU environment ministers will adopt…
Editorial US President Trump’s announcement to withdraw from the Paris Agreement casts a shadow over financial support for developing countries to help them deal with the consequences of climate change and transition towards sustainable, low-carbon societies. New leadership is needed to fill in the climate finance gap. Responsible for almost 3% of global greenhouse gas emissions, the shipping…
STRASBOURG 14 June 2017. Today, the European Parliament voted on the Effort Sharing Regulation which covers the emissions from the transport, building, agriculture and waste sectors in the 2021-2030 period. While strengthening the EU’s largest climate tool, the Parliament position leaves loopholes in the draft law that risk postponing emission reductions in these sectors. The…
Today, June 7, dozens of NGOs based in different EU Member States are participating in a Day of Action on the Effort Sharing Regulation by sending a letter to their governments, calling on them to push for an ambitious #EUESR. The Effort Sharing Regulation is Europe’s largest policy tool to reduce the climate impact of…
Editorial This month, negotiations on the Paris Agreement implementation continued at the UN climate conference in Bonn, but little progress was made in the closed door talks on future carbon markets. The eventual outcome of these negotiations is set to impact the aviation industry’s new offsetting scheme CORSIA. Ensuring environmental integrity and avoiding double-counting of emission reductions…
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