News & Press
By Kaisa Amaral on 27 Jan 2021
Private sector carbon market report evokes more concern than hope
Carbon Market Watch’s reaction to the publication of the report by the task force on scaling up voluntary carbon markets BRUSSELS 27 January 2021 The report of the “Taskforce on Scaling Voluntary Carbon Markets” proposes the creation of updated quality criteria for carbon offsets and standardised reporting requirements but also leaves the door open for…
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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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By Kaisa Amaral on 11 Dec 2019
EU carbon market needs an overhaul to deliver Green Deal
MADRID/BRUSSELS 11 December 2019. The European Green Deal, presented today by the EU Commission, must lead to short-term action and a rapid introduction of a 65% emission reduction target for 2030. Carbon Market Watch welcomes the proposals to include the shipping sector under the EU carbon market and to reduce free allocation for the aviation…
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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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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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Over 2 billion surplus pollution permits could flood Europe’s carbon market by 2030 – analysis
BRUSSELS 20 September 2019. The EU carbon market is currently unfit to accommodate national coal phase-outs scheduled in Europe. EU policymakers should combine coal plant closures with the cancellation of pollution permits and strengthen the market stability reserve to absorb more surplus pollution permits off the market. Failing this, the market will be flooded with…
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World moves closer to global pollution pricing as China launches carbon market
BRUSSELS 19 December 2017. The launch of the world’s largest carbon market sends an important political signal of China’s commitment to address climate change. Putting a price on pollution can incentivise the phase-out of fossil fuels, but the existing carbon markets have so far not delivered a high enough price to drive the transition to…
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Failure to align Europe’s carbon market with Paris goals adds pressure on governments to price pollution
BRUSSELS 9 November 2017. Today, the European Parliament, the EU Member States and the Commission reached a provisional agreement on the reform of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. The deal falls far short of meeting the Paris climate goals, pointing to the need for additional action at national and…
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Markets must increase climate ambition – Carbon Market Watch priorities at the COP23 in Bonn
BRUSSELS 3 November 2017. The next round of UN climate talks takes place in Bonn from 6 to 17 November, under the Fijian Presidency, on how to implement the Paris climate deal. One open question is the role carbon markets will play in meeting global climate targets. Carbon Market Watch will be in Bonn to follow…
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EU delays climate action for international flights
Updated 19 October to amend the “notes to editors” BRUSSELS 18 October 2017. Today, the EU Member States together with the European Commission and the European Parliament reached a provisional deal on aviation’s role in the EU carbon market. Lawmakers chose not to make airlines pay more for their pollution and postponed the date to…
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