The European Union is starting the long process towards establishing the bloc’s post-2030 climate policy framework and Carbon Market Watch wants to make sure that slashing emissions is the absolute priority.
REDD+, which aims to reduce or prevent deforestation through the voluntary carbon market, is a complex and confusing area. In this FAQ, we answer some frequently asked questions.
The European Parliament has raised the bar on the proposed legislation for regulating carbon removals but the EU is still far away from a framework that would truly benefit the climate.
Portugal is using revenue from the EU’s Emissions Trading System (EU ETS) to help finance its green transition, bankrolling everything from cycling infrastructure to nature conservation.
To savour the real-world implications of our climate work, the Carbon Market Watch team visited an industrial zone seeking to decarbonise and a sustainable co-housing project.
The European Union’s expansion of the European Emissions Trading System, known as ETS2, will extend the “polluter pays” principle to buildings and road transport. This will make carbon pricing more tangible to EU citizens but can also help them decarbonise.
The International Energy Agency (IEA) confirms that delayed emissions cuts will leave us overly dependent on the panacea of carbon removals, which will deepen the climate crisis and make it costlier to humanity.
Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
A recent report by Carbon Market Watch of 20 global, EU, national and sub-national climate policy frameworks shows that not one governs carbon removals in an environmentally sound way.
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