A recent Carbon Market Watch webinar discussed the upcoming revision of the Industrial Emissions Directive in the framework of the European Green Deal. Achieving the goals of the European Green Deal (EGD) will entail driving down greenhouse gas emissions as well as achieving zero pollution and a non-toxic environment by 2050. The upcoming revisions of…
Two key elements to get right in the EU carbon market review The upcoming revision of the EU carbon market rules is an opportunity to ensure that industries covered by it cut their pollution in line with the EU Green Deal objectives and the Paris Climate Agreement. Agreeing on a faster pace at which emissions…
While the EU carbon market is helping to clean up Europe’s power sector, industrial CO2 pollution remained stubbornly high, and that from aviation kept growing in 2019. This is partly due to overly generous handouts of pollution permits. These subsidies must be phased out to incentivise cleaner production and more sustainable transport as the scheme…
The final EU carbon market state aid rules will ensure massive handouts of taxpayer money to large polluting industries such as oil refineries and plastic producers over the next decade. The EU ETS state aid guidelines for 2021-2030 set the framework for EU countries to compensate their electricity-intensive industries deemed at risk of ‘carbon leakage’…
Extending the EU carbon market to cover buildings and transport would not reduce emissions but could undermine existing legislation and risk instability on the market. Last week, the European Commission published its proposal for a higher EU 2030 climate target of at least 55% along with a plan for getting there in practice. As a…
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…
The EU carbon market prices are plummeting as a result of the economic shutdown, underlining the need to strengthen the scheme to better sustain similar shocks in the future. No efforts should be spared to stop the spread of the coronavirus pandemic, and it will be critical to ensure that European climate policies are not…
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