News & Press
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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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 4 Mar 2020
Climate Law improves oversight over EU Member States’ climate policy planning
BRUSSELS 4 March 2020. The EU national energy and climate plans (NECPs) will become a key tool to monitor countries’ progress towards climate neutrality by 2050. PlanUp urges the Commission to strengthen the process and ensure effective coordination with the Member States to exploit the full potential of the NECPs. Today, the European Commission unveiled…
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By Kaisa Amaral on 15 Dec 2019
COP25: No deal on UN carbon markets as a number of countries reject loopholes
MADRID 15 DECEMBER 2019 Governments at the UN climate talks (COP 25) postponed decisions on future carbon market rules after no agreement was reached on the most contentious issues such as the fate of old credits and measures to avoid double-counting. Carbon Market Watch commends countries who defended strong carbon market rules and calls on…
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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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By Kaisa Amaral on 11 Dec 2019
Dodgy carbon market rules risk undermining the Paris Agreement
MADRID 10th December 2019. The UN carbon market talks are at a crossroads in Madrid as ministers take over today. Carbon Market Watch calls on governments to only accept a deal that bans old Kyoto credits, includes rules to avoid double-counting, and to ensure that markets reduce emissions, and include strong environmental and social safeguards….
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By Kaisa Amaral on 27 Nov 2019
Markets must increase climate action, not undermine it
Carbon Market Watch priorities at the COP25 in Madrid BRUSSELS 27 November 2019. The next round of UN climate talks takes place in Madrid from 2 to 13 December. The future of carbon markets could be a make or break element for climate action as some countries attempt to cash-in on badly designed mechanisms. While…
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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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European Commission finds a lack of details, concrete measures in draft national energy and climate plans
BRUSSELS 18 June 2019. Today, the European Commission published its analysis and country-specific recommendations for the EU Member States on their draft National Energy and Climate Plans (NECPs). Largely confirming findings by LIFE PlanUp, the Commission urges governments to strengthen their plans in order to bridge the gap between the EU climate targets and what the Member…
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Europe’s future will need better climate plans – report
BRUSSELS, 8 May 2019. A new analysis of five draft EU energy and climate plans reveals a lack of climate commitment by governments in terms of ambition, concrete sectoral measures and public participation. Tomorrow, EU leaders are meeting in Sibiu, Romania to discuss the Future of Europe, amid youth climate protests across Europe, rising…
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