News & Press

Press release
14 Jul 2021

European carbon market does not move with the climate urgency of our times

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…

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Press release
By Kaisa Amaral on 30 Jun 2021

Colombian fossil fuel companies abuse forestry offsets to avoid taxes – report 

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…

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Press release
By Kaisa Amaral on 7 Jun 2021

Europe’s industry polluters make €50 billion in carbon market windfall profits

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…

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Press release
27 Apr 2021

Shipping industry U-turn on carbon pricing long overdue

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…

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Press release
By Kaisa Amaral on 22 Apr 2021

New 1bn USD initiative raises the bar for forest carbon credits, but risk of abuse remains

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…

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Press release
29 Mar 2021

Lufthansa, BA, Air France were Europe’s most polluting airlines pre-Covid

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…

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Press release
By Kaisa Amaral on 27 Jan 2021

Private sector carbon market report evokes more concern than hope

Carbon Market Watch’s reaction to the publication of the report by the task force on scaling up voluntary carbon markets BRUSSELS 27 January 2021 The report of the “Taskforce on Scaling Voluntary Carbon Markets” proposes the creation of updated quality criteria for carbon offsets and standardised reporting requirements but also leaves the door open for…

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Press release
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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Press release
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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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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