News & Press

Carbon Market Watch News
21 Sep 2016

EU’s highest court rebuffs industry claim for more pollution freebies

Earlier this month, the EU Court of Justice ruled against a case by eight Swedish heavy industry operators that were asking for more free pollution permits under the EU Emissions Trading System (EU ETS) than they currently get. The EU ETS -meant to cut pollution- has so far provided industry a €24 billion pollution payout, a bill that taxpayers are picking up as governments forego scarce public money.

Read more →

Carbon Market Watch News
3 Nov 2015

New Polish government stands defiant on coal and climate progress

After the victory for Poland’s Law and Justice Party in the country’s recent elections, the position the country takes on the European Union Emissions Trading System (EU ETS) is likely to be one of even more defiant opposition. However, the EU ETS generates significant financial revenues for Poland. The billions of euros that the country is set to receive from the EU ETS can help the transition to a just climate friendly society in Poland, whose unprofitable coal mining sector represents an increasing burden on its finances.

Read more →

Carbon Market Watch News
3 Sep 2015

New study adds pressure on UN climate talks to address hot air carbon credits

A new study by the Stockholm Environment Institute (SEI) finds that bogus carbon offsets issued under the Kyoto Protocols’ Joint Implementation (JI) offsetting mechanism to date have increased global emissions by 600 million tonnes CO2 to date. The study came timely ahead of the ongoing round of climate talks in Bonn, concluding tomorrow, where countries need to work ensure that the new Paris climate treaty is not undermined, as Kyoto was, by hot air carbon credits.

Read more →

Carbon Market Watch News
3 Sep 2015

EU ETS review proposal earmarks €160 billion for Europe’s largest polluters

Just when everyone started leaving for their summer holidays, the Commission published a legislative proposal to revise Europe’s carbon market to make it fit for the post-2020 period. The proposal was heavily criticized for failing to tackle the fundamental flaws of the EU ETS and increasing pollution subsidies to €160 billion to the EU’s biggest carbon polluters. However, there is still a chance for the European Parliament and Member States to turn the EU ETS into an effective tool to tackle climate change.

Read more →

Carbon Market Watch News
7 May 2015

EU carbon market fix agreed

This week, European policymakers have provisionally agreed on a fix for the EU’s carbon market that is suffering from an oversupply of pollution permits and yielding record-low prices. While this is a great step forward, a permanent solution to tackle the glut of pollution permits is needed as part of the upcoming legislative proposal to overhaul the EU’s carbon market for the period after 2020.

Read more →

Carbon Market Watch News
6 May 2015

Lessons learnt from EU’s carbon offset rules

This week, the European Commission released new data on the number and origin of carbon offsets used in 2014 by companies in the EU’s carbon market. Despite new eligibility criteria to incentivize investments in poor countries, the majority of offsets come from China, Ukraine and Russia. Moreover, lack of transparency gives a carte blanche to companies to choose projects with negative environmental and social impacts. As policies for large scale mitigation investments are currently being designed, these findings can provide valuable lessons.

Read more →

Carbon Market Watch News
6 May 2015

Higher EU climate target needed when linking carbon markets

As the EU and Switzerland are about to conclude the technical negotiations to link the EU and Swiss carbon markets in the coming months, a new policy brief and report by Carbon Market Watch show that the EU must increase its climate target to avoid diluting domestic emission reduction obligations with foreign allowances from the Swiss carbon market.

Read more →

Carbon Market Watch News
2 Apr 2015

The tale of the EU’s overweight climate change fighter

The EU’s carbon market desperately needs to get rid of excess weight if it is to perform as an effective climate change fighting tool in the future. The task of providing a way to do this – for example by permanently cancelling the current oversupply of more than two billions tonnes of CO2 – is now up to the European Commission when presenting its plans to revise the EU’s emissions trading system (ETS) by mid-2015.

Read more →

Carbon Market Watch News
5 Mar 2015

EU’s plan to link to Swiss carbon market adds pressure to announce an increased climate target

Tomorrow, the EU is expected to announce its climate contributions towards the Paris climate agreement. The expected decision will build on the European Commission’s Road to Paris vision published last week. Hopes are that Ministers take their chances to address a number of critical issues that risk severely undermining the 40% domestic reduction target. They include a clear commitment to increase the 40% target in case of linking the EU’s emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

Read more →