News & Press

News
By Kaisa Amaral on 26 Mar 2020

Carbon Market Watch Newsletter – March 2020

Europe’s recovery plans will fall flat unless they drive a green transition Dear friends, Up until only a few weeks ago, the climate emergency topped Europe’s political agenda. The European Commission published its much-awaited EU Climate Law, proposing to make Europe’s climate-neutrality target legally binding. Another key initiative was the launch of the new industrial…

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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 10 Mar 2020

EU industry strategy fails Green Deal test

BRUSSELS 10 March 2020. The European Commission’s new industrial strategy provides a strong narrative on the need to decarbonise Europe’s industrial sector but fails to put forward concrete measures to drive the transformation and address barriers on the road to climate neutrality. Carbon Market Watch calls for a swift adoption of industrial climate policies including…

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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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News
31 Oct 2019

Carbon Market Watch Newsletter – October 2019

Stronger climate action should be the main goal of an EU carbon border tax Dear friends, Tomorrow was supposed to start the count-down to the much-touted “European Green Deal”. The rejection of three Commissioner-candidates by the Europen Parliament means that Ursula von der Leyen’s team is not able to start their work at least before December, but…

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News
By Kaisa Amaral on 30 Sep 2019

Carbon Market Watch Newsletter – September 2019

EU carbon market unfit to handle coal phase-out Dear friends, A week of climate mobilisations is coming to its end. Ahead of the UN climate summit in New York last Monday, four million people across the globe took to the streets on Friday 20 September to demand that their governments take urgent action to solve the…

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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
31 May 2019

Carbon Market Watch Newsletter – May 2019

Voters put climate crisis firmly on EU agenda Dear friends, I am delighted to share with you a revamped Carbon Market Watch News. I hope you enjoy the new look, and easily find content that most interests you. I also look forward to receiving any feedback or suggestions! Last weekend, EU citizens turned up at the…

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News
By Gilles Dufrasne on 1 Dec 2018

EU Member States resist aviation industry pressure to weaken climate regulation

This week, European Member States agreed on a common position regarding the future implementation of the International Civil Aviation Organisation’s (ICAO) new carbon market, set to start operating in 2021. The creation of a new offsetting mechanism for aviation, the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), was agreed as part of a…

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Press release
28 Nov 2018

EU’s Long Term Strategy offers hope for net-zero carbon future

Today, the EU Commission released its “Long Term Strategy for a Clean Planet For All”, an ambitious plan for Europe to tackle climate change and fulfill its commitment to the Paris Agreement. Carbon Market Watch welcomes the strategy, in particular the EU Commission’s open support for net-zero emissions by 2050. Of the 8 scenarios outlined…

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