News & Press
By Agnese Ruggiero, Gilles Dufrasne on 25 Nov 2020
EU carbon market report underlines the need to end pollution handouts
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…
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By Wijnand Stoefs on 29 Oct 2020
EU Commission waters down carbon market state aid rules to please large polluters
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’…
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“Offsetting must not be a license to continue polluting”
We joined the World Press Clubs Alliance for Climate launch event on Friday 23 October. Watch the interview with Sabine Frank here. Companies and governments are announcing “climate-neutrality” targets, and consumers are being offered ways to offset their carbon footprint. What does this mean in practice? How can we distinguish between real climate action and…
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By Kaisa Amaral on 24 Sep 2020
Why bringing transport and buildings under the EU carbon market is not a good idea
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…
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By Sabine Frank on 23 Jun 2020
The EU Emission Trading System – carbon pricing as an important tool to achieve the objectives of the Green Deal
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…
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By Kaisa Amaral on 19 Jun 2020
“Conservative” EU carbon market alone will not drive the clean industrial revolution
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…
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By Wijnand Stoefs on 28 May 2020
The EU to improve its carbon market rules despite corona – survey
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…
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By Gilles Dufrasne on 1 Apr 2020
ICAO’s carbon market report offers valuable lessons for Article 6 talks
This opinion article was first published in Carbon Pulse on March 30, 2020 As part of the work to establish an international carbon market for aviation, CORSIA, a group of experts recently recommended restrictions for the types of carbon offsets that can and cannot be used by airlines. These restrictions were adopted by the UN aviation…
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By Sam Van den plas on 26 Mar 2020
When COVID-19 met the EU ETS
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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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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