Guest article by Kirsten Sleven, Director, WISE As the first country in the world, the Netherlands is about to introduce a carbon tax on industrial pollution. The tax is part of a broader policy package (Dutch Climate Agreement) to stimulate major industrial polluters to ‘decarbonize’ their production processes and was drawn up in consultation with…
A carbon border adjustment measure can support a clean industrial transition globally if it’s designed properly and fairly. It must replace all current EU pollution handouts and its revenues must be used wisely to drive innovation and to provide climate finance to countries that most need it. The EU Commission is preparing the law to…
First published in ECA Journal 02/2020: Climate Change and Audit By Sabine Frank, Executive Director, Carbon Market Watch In a world that is increasingly feeling the consequences of climate change, the idea of polluters paying for their pollution makes more and more sense. The EU’s Emission Trading System (ETS) reflects exactly that thought and is…
Carbon Market Watch webinar discussed opportunities and barriers to the decarbonisation of cement and steel sectors Europe will not become climate neutral without decarbonising its heavy industry. Technical solutions to achieve deep emission cuts in sectors such as steel and cement exist, but strengthening the EU carbon market and implementing a smart mix of policy…
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…
As the EU carbon market is failing to drive down industrial carbon pollution, other rules are needed to provide an extra push. The upcoming revision of the industrial emissions directive should include greenhouse gases within the law’s scope. This way, limits on carbon emissions would be included within the criteria that an industrial plant must…
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…
The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on the table would have legitimised the use of markets riddled with loopholes. Far from ideal,…
An interview with Falguni Joshi (CMW member from Gujarat, India Q1: Can you describe what you/your organisation is working on? I have been working on environmental issues since 1997, especially strengthening people’s participation in environmental decision-making processes, creating awareness, raising material on environmental issues, disseminating knowledge about climate change among youth in India, through capacity-building…
Originally published in Carbon Markets at COP25 blog on 2 December 2019 Starting today and continuing over the coming days, we’ll break the issue down into four key elements that could make or break the future carbon market schemes. One of the thorniest issues is the question of whether or not the old credits from…
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