News & Press

Press release
7 Oct 2015

Media Advisory: Carbon leakage myth buster

The concept of “carbon leakage” is a major area of discussion in the legislative proposal to revise the EU’s Emissions Trading System (EU ETS) for the post-2020 period. The Commission’s proposal continues the trend of awarding free allowances, effectively representing a financial subsidy of €160 billion, to heavy emitters without providing evidence for the need of such beneficial treatment. A new Carbon Market Watch policy briefing “Carbon leakage myth buster” brings the ongoing discussions on carbon leakage back to the facts.

Read more →

Press release
6 May 2015

Media Statement: EU policymakers agree on carbon market fix

6 May 2015, Brussels. European policymakers provisionally agreed to start implementing the reform of the EU’s Emissions Trading System on 1 January 2019 and put the pollution permits that were due to come back to the market by 2020 directly into the new Market Stability Reserve. Carbon Market Watch welcomes this first step to fix the EU’s carbon market but cautions that the upcoming revision of the EU ETS will need to permanently tackle the glut of pollution permits.

Read more →

Press release
5 May 2015

Media Statement: New report shows risks of linking carbon markets may outweigh benefits

5 May 2015, Brussels. As the EU and Switzerland are about to conclude negotiations to link the EU and the Swiss carbon markets, a new report shows that benefits of linking carbon markets may be outweighed by the risks, such as reduced overall emissions abatement, lower domestic investments and co-benefits as well as a loss of public funds. The report also finds concerns about public participation and transparency provisions and provides recommendations for the EU ETS revision.

Read more →

Press release
24 Feb 2015

European Parliament takes a step to knock out Europe’s toxic tonnes…later than sooner

Brussels 24 February. Today the European Parliament’s environment committee took the first steps to reform the EU’s Emissions Trading System. Following intense pressure from forward looking investors and civil society, policymakers agreed to curb the total amount of pollution permits in the system that would otherwise flood the market by 2020. This is expected to result in a stronger carbon price signal in order to let the polluter pay and support climate friendly investments in Europe. Policymakers unfortunately failed to agree to a timely start of the new Market Stability Reserve which will only become operational by 2019.

Read more →

Press release
10 Feb 2015

UN registered Barro Blanco Hydroelectric Dam temporarily suspended over non-compliance with Environmental Impact Assessment

PANAMA CITY, Panama and GENEVA, Switzerland In a landmark decision, Panama’s National Environmental Authority (ANAM) temporarily suspended the construction of the Barro Blanco hydroelectric dam yesterday over non-compliance with its Environmental Impact Assessment (EIA). The dam was approved by the UN Clean Development Mechanism (CDM) despite risks of flooding to the territory of the indigenous Ngäbe Bugle communities.

Read more →

Press release
17 Dec 2014

Press Release: New report shows carbon offsets from Alberta’s tar sands jeopardize EU fuel quality rules

Brussels, 17 December 2014. Today, the European Parliament adopted the proposal to implement the Fuel Quality Directive (FQD), opening doors for the use of offsets associated with Alberta’s tar sands. A report launched today shows how the oil companies’ lobby succeeded in watering down the measure, allowing their activities in Alberta’s tar sands to count towards achieving their EU decarbonisation obligations.

Read more →

Press release
24 Oct 2014

Communiqué de presse: Les dirigeants européens concluent un accord sur le climat aux dépens du climat lui-même et des contribuables

24 octobre 2014, Bruxelles. La décision adoptée aujourd’hui de fixer un objectif de réduction des émissions de gaz à effet de serre de 40% d’ici à 2030 est contaminée par les quotas d’émissions d’air chaud qui dilueront la réduction effective et la ramèneront à 31%.  Les dirigeants de l’UE se sont aussi mis d’accord sur de…

Read more →

Press release
24 Oct 2014

Presseerklärung: EU-Staats- und Regierungschefs handeln Klimavereinbarung auf Kosten der Klimaintegrität und der Steuerzahler aus

24 Oktober 2014, Brüssel. EU Staats- und Regierungschefs haben sich heute auf ein 40%-Reduktionsziel von Treibhausgasemissionen bis zum Jahr 2030 geeinigt. Aufgrund der Altlast von überschüssigen Emissionszertifikaten wird die tatsächliche Verringerung nur 31% sein. Außerdem wurden neue Emissionshandelsoptionen ausgehandelt, bei denen notwendige Klimaschutzmaßnahmen in wichtigen Bereichen wie im Transportwesen und bei Gebäuden vermieden werden. Gleichzeitig könnten sich die Subventionen für die Industriebetriebe in Form kostenloser Emissionszertifikate im Zeitraum 2012-2030 auf bis zu 300 Milliarden € belaufen.

Read more →

Press release
24 Oct 2014

Media statement: EU leaders broker climate deal at expense of climate integrity and tax payers

24 October 2014, Brussels. Today’s decision on a 40% greenhouse gas reduction target by 2030 is contaminated by excess emission allowances from the current system that will water down the real-world reduction to 31%. EU leaders agreed on new trading options that avoid necessary mitigation measures in important sectors such as transport and buildings. At the same time they agreed on subsidies to manufacturing industries in the form of free pollution permits that could reach up to €300 billion between 2021-2030.

Read more →