The European Union’s expansion of the European Emissions Trading System, known as ETS2, will extend the “polluter pays” principle to buildings and road transport. This will make carbon pricing more tangible to EU citizens but can also help them decarbonise.
Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
The debate on EU industrial subsidies in the face of the US Inflation Reduction Act and against the backdrop of the Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) deals raises some uncomfortable questions.
MEP Mohammed Chahim, the rapporteur of the Carbon Border Adjustment Mechanism (CBAM) Regulation in the Environment Committee at the European Parliament, is in charge of drafting a report that includes proposed changes to the European Commission legislative proposal. The draft
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
Emissions offsetting has drawn fresh fire from some activists for its patchy human rights and environmental record. At Carbon Market Watch, we are convinced that emissions trading, like it or not, is here to stay and so we must find
We fight the climate wars no longer only against denialists but also against what climate scientist Michael Mann calls “inactivists”, writes Sabine Frank. I don’t know at which UN climate conference this trend began, but at COP15 in Copenhagen, the
Italy, Spain, Hungary, and Romania’s National Recovery and Resilience Plans (NRRPs) may well be off-target (and Poland hasn’t published one yet). By not covering in sufficient detail all aspects of the green transition in their plans, these member states could
By Kaisa Amaral Why carbon pricing should strengthen, not replace national climate action As part of the EU Green Deal implementation, the European Commission considers scrapping national climate targets and expanding the EU carbon market to road transport and buildings.
The national energy and climate plans can help chart Europe’s way out of the COVID-19 pandemic and into carbon-free societies. This is not the time to weaken them but to make them stronger, while better involving all relevant stakeholders in
In the race against accelerating global warming, the 2024 Paris Olympics will not get the games past the finish line, our analysis finds. The only solution is to rethink and reform the mega event
Biodiversity markets are meant to channel private sector funding towards schemes that aim to conserve and restore biodiversity. In its current form, the unregulated funding schemes are reminiscent of the voluntary carbon market, which has a track record of supplying poor quality, cheap credits that inadequately transfer funds to the Global South.
The net-zero strategy of Occidental Petroleum (Oxy) relies heavily on unproven carbon removal technologies to camouflage its fossil fuel emissions and those of its customers while expanding its oil and gas production, a new investigation reveals.
Participants at the third meeting of the CO2ol Down campaign took a giant leap towards finalising their proposed amendments to the EU Climate Law and policy recommendations for governing permanent carbon removals in the EU
The body responsible for supervising the new UN carbon market mechanism must abandon the inadequate rules for social and environmental safeguards and return to the drawing board.
Having set the terms of discussion at the first workshop, participants met in person to brainstorm how the EU should govern permanent removals in a safe and sustainable manner
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