Brussels, 14 July 2021 – The European Commission’s proposals to improve the EU Emissions Trading System (ETS) and establish a Carbon Border Adjustment Mechanism (CBAM) are not in line with the Paris Agreement and Europe’s historic responsibility to cut emissions. The legislation initiative keeps neglecting the “polluter pays” principle of the EU Treaties and continues…
Forestry offsets allow Colombian fossil fuel companies to dodge taxes Colombia has a carbon tax in place, but companies are allowed to buy offsets to avoid paying the tax. Our new investigation finds that two large-scale Amazonian forestry projects have sold carbon credits for way more emission reductions than they have actually achieved. Such “hot…
BRUSSELS, 30 June – A new investigation by Carbon Market Watch and the Latin American Center for Investigative Journalism (CLIP) finds that project developers exploit carbon market rules in Colombia to create more credits than the amount of emission reductions that the projects are achieving. These credits are then used by fossil fuel companies under…
BRUSSELS, 7 June 2021 New analysis shows that the energy-intensive industry across Europe has profited up to €50 billion from 2008 to 2019 as a result of the free allocation of pollution permits under the EU Emissions Trading System (EU ETS). The findings in the report from independent environmental consultancy CE Delft highlight the need…
Time to tackle the thorny issues at UN carbon market talks Next week, UN negotiators continue the talks on the Paris Agreement’s Article 6 which lays the foundation for future global carbon markets. It is the last open element of the so-called Paris Rulebook to implement the global climate deal. Political leaders have failed to…
New hope for Europe’s carbon market? The latest EU carbon market data shows a record fall in CO2 emissions. But while the power sector pollution is on a steady decline year after year, for heavy industry, last year’s pandemic-induced drop is likely going to be short-lived. Industrial emissions in Europe have not reduced in the…
27 April 2021 – The shipping industry’s leading global lobby group the International Chamber of Shipping (ICS) last week ended its years-long opposition to carbon pricing. It is imperative now that ICS and other sponsors should withdraw their IMRB proposal to allow time for discussion on carbon pricing, and support the far more serious and…
A joint reaction by Carbon Market Watch and the Rainforest Foundation Norway to the announcement of a new coalition to finance forestry climate projects BRUSSELS/OSLO 22 April 2021 In the context of the US President Biden’s “Leaders’ Summit”, today, the US, UK and Norway, together with Amazon, announced a 1 billion USD initiative to purchase…
Joint press release by Carbon Market Watch and Transport&Environment BRUSSELS 29 March 2021. Three of the biggest recipients of airline bailouts – Lufthansa, British Airways and Air France – were the three biggest European airline emitters before the pandemic grounded flights, official data shows.[1] It is the first time ever that the total emissions of…
A global shipping pollution price on the horizon As other industries have started paying for their pollution, the maritime sector has been let off the hook. Without urgent action, its emissions are set to rise well into the next decade. This trend goes against the Paris Agreement climate targets and the UN shipping agency’s IMO’s…
Khaled Diab, Communications Director
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Carbon pricing 
International transport 
Climate governance 
Fair climate action