News & Press

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

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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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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News
By Kaisa Amaral on 27 Nov 2019

Can global carbon markets help us reach the Paris climate goals? 

What is the state of play of the talks on the Paris Agreement market mechanisms? How do we ensure that markets reduce emissions instead of shifting them around the globe? And that climate action drives sustainable development and benefits local communities?  A Carbon Market Watch webinar on Monday 25th of November took a deep dive…

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Press release
19 Sep 2019

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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News
27 Jun 2019

Carbon Market Watch Newsletter – June 2019

EU governments breach citizens’ right to information on international aviation climate policy Dear friends, As I write this at the UN Climate Change Conference, Bonn, along with the rest of Western Europe, is sweltering in the scorching heat, an uncomfortable foretaste of what an ever-warming climate has in store for us. I can only hope that…

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