News & Press
By Kaisa Amaral on 11 Dec 2020
EU leaders’ 2030 target deal ignores Europe’s climate responsibility
BRUSSELS 11 December 2020. EU leaders have agreed a net 55% emissions reduction goal for 2030. While this replaces the outdated 40% goal, the target is not in line with the Paris Agreement[1] and Europe’s historic responsibility to cut emissions. Relying on forests and land to reach the target also means that in reality, EU…
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By Kaisa Amaral on 9 Oct 2020
Carbon Market Watch agenda – Autumn 2020
Carbon Market Watch agenda outlines our priorities and key political milestones for the next months. Click here
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By Kaisa Amaral on 15 Sep 2020
EU lawmakers support the expansion of Europe’s carbon market to shipping as global talks are adrift
BRUSSELS, 15 September 2020. The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as a strong signal towards the UN shipping body that is…
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By Kaisa Amaral on 7 Jul 2020
Shipping pollution should be covered by Europe’s carbon market – EU lawmakers
BRUSSELS, 7 July 2020. European Parliament environment committee members have voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as the first step towards putting a price on…
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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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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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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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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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Failure to align Europe’s carbon market with Paris goals adds pressure on governments to price pollution
BRUSSELS 9 November 2017. Today, the European Parliament, the EU Member States and the Commission reached a provisional agreement on the reform of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. The deal falls far short of meeting the Paris climate goals, pointing to the need for additional action at national and…
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EU delays climate action for international flights
Updated 19 October to amend the “notes to editors” BRUSSELS 18 October 2017. Today, the EU Member States together with the European Commission and the European Parliament reached a provisional deal on aviation’s role in the EU carbon market. Lawmakers chose not to make airlines pay more for their pollution and postponed the date to…
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