News & Press

Press release
By Kaisa Amaral on 15 Sep 2020

EU lawmakers support the expansion of Europe’s carbon market to shipping as global talks are adrift 

BRUSSELS, 15 September 2020. The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as a strong signal towards the UN shipping body that is…

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Press release
By Kaisa Amaral on 7 Jul 2020

Shipping pollution should be covered by Europe’s carbon market – EU lawmakers

BRUSSELS, 7 July 2020.  European Parliament environment committee members have voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as the first step towards putting a price on…

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Press release
By Kaisa Amaral on 30 Apr 2020

Airline bailouts set to double to €26bn as countries fail to impose binding green conditions 

By Carbon Market Watch, Greenpeace, Transport & Environment BRUSSELS 30 April 2020 Airline polluters are now seeking more than €26 billion in taxpayers’ money – double the amount of just a week ago – according to the European airline bailout tracker compiled by Carbon Market Watch, Greenpeace and Transport & Environment. Governments have agreed €11.5 billion…

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Press release
By Kaisa Amaral on 22 Apr 2020

Polluting European airlines seek €12.8 bn (and counting) in bailouts

Updated at 14:20 on 22 April to change TUI Germany to TUI Group Greenpeace, Transport & Environment, and Carbon Market Watch launch airline bailout tracker Brussels, 22 April 2020 – European airlines – some of the European Union’s biggest polluters – have sought an unprecedented €12.8 billion in government bailouts since the beginning of the…

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Press release
By Kaisa Amaral on 16 Mar 2020

ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits

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…

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Press release
By Kaisa Amaral on 15 Dec 2019

COP25: No deal on UN carbon markets as a number of countries reject loopholes

MADRID 15 DECEMBER 2019 Governments at the UN climate talks (COP 25) postponed decisions on future carbon market rules after no agreement was reached on the most contentious issues such as the fate of old credits and measures to avoid double-counting. Carbon Market Watch commends countries who defended strong carbon market rules and calls on…

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Press release
By Kaisa Amaral on 11 Dec 2019

Dodgy carbon market rules risk undermining the Paris Agreement

MADRID 10th December 2019. The UN carbon market talks are at a crossroads in Madrid as ministers take over today. Carbon Market Watch calls on governments to only accept a deal that bans old Kyoto credits, includes rules to avoid double-counting,  and to ensure that markets reduce emissions, and include strong environmental and social safeguards….

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Press release
By Kaisa Amaral on 27 Nov 2019

Markets must increase climate action, not undermine it

Carbon Market Watch priorities at the COP25 in Madrid BRUSSELS 27 November 2019. The next round of UN climate talks takes place in Madrid from 2 to 13 December. The future of carbon markets could be a make or break element for climate action as some countries attempt to cash-in on badly designed mechanisms. While…

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Press release
6 Mar 2019

ICAO agrees on offset criteria for aviation carbon market

During a closed door session, the Council of the International Civil Aviation Organization (ICAO) –the UN body responsible for global aviation– approved the eligibility criteria for what offsets can be used under the new aviation pollution scheme. While an important step, the decision leaves the door open to billions of older ‘junk’ emission units that…

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Press release
15 Dec 2018

COP24 overshadowed by market failure as countries fail to agree on basic accounting principles and the future of the CDM

COP24 closed this evening in Katowice, Poland, more than 24 hours later than initially planned. Despite smooth progress at first, negotiations ended in confusion as it proved impossible to find an agreement within the article 6 negotiations, which work to set up two new carbon markets for the post-2020 period. The text presented to all…

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