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…
The EU’s Horizon Europe for research and innovation provides an opportunity to unleash the potential of low-carbon technologies that will help Europe in the transition to a carbon neutral economy. This, however, is contingent on its design, writes Agnese Ruggiero. Published in Euractiv.com Agnese Ruggiero is a Policy Officer at Carbon Market Watch, an NGO…
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…
Engaging in a dialogue with all stakeholders is imperative for effective policy making, to ensure that the measures put forward can count on public support, and guarantee proper implementation. In the coming months, a particularly important opportunity for the active engagement of multi-level stakeholders will be the development and implementation of National Energy and Climate…
The IPCC, the leading body of climate scientists, released a report this week showing that without unprecedented and rapid action, it will not be possible to avoid dangerous climate change. A major share of the efforts to keep global warming to 1.5°C will need to come from industry, which is the end-use sector responsible for…
This week, the Intergovernmental Panel on Climate Change (IPCC), a leading climate science body, has published a report on the scientific evidence relating to 1.5C° global warming. The report shows that it is still possible to limit warming to 1.5C° and avoid dangerous climate change. Reaching this goal, however, would require rapid and large-scale climate…
Pricing of coal pollution for its damaging impacts on our health and the planet “is an issue of life and death” according to former Secretary of State John Kerry at the Global Climate Action Summit in San Francisco this month. Carbon Market Watch participated in the summit to present how engagement of environmental groups, as a counterweight to the lobby interests of high-emitting industries, is critical for fairer and more effective carbon pricing.
The divide between countries on key elements of the new UN carbon markets have become apparent at the last UNFCCC session which closed last week in Bangkok. Open questions around the transition of old markets and how to ensure that carbon offsets do not water down climate ambition are set to continue during COP24, when major rules of the Paris Rulebook are expected to be finalised in December in Katowice, Poland.
Market negotiations resumed at full speed in Bangkok, with new text being published after only one day of negotiations. Parties are feeling the pressure now that COP24 is looming. We’ve started the session by hearing lists of priorities for items that could not be postponed to 2019 (assuming that not all issues could be resolved…
The United Nations (UN) climate agency released a video this week mocking lifestyle changes, such as reducing meat consumption and flying, to promote the use of highly controversial credits to offset emissions. The video “Keep calm and offset” has since been removed, but inadvertently points to the main problems with offsetting, a concept that creates the illusion…
Kaisa Amaral, Media Manager
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Carbon pricing 
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