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.

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Press release
22 Apr 2016

EU needs to step up domestic climate efforts to deliver on Paris

Brussels 22 April 2016. Today at least 160 countries – and the EU – gather in New York to sign a landmark climate deal with an ambitious target to limit global warming to 1.5°C above preindustrial levels. On this occasion, 23 organisations urge EU leaders to ensure that Europe’s largest climate instrument will be made coherent with the Paris agreement. Other key areas where the EU needs to deliver are the EU Emissions Trading System, and emissions from aviation.

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Press release
14 Mar 2016

EU hands industry €24 billion in pollution windfall

Brussels, 15 March 2016: New analysis shows how industry across Europe has earned a €24 billion windfall from 2008 to 2014, under the EU Emissions Trading Scheme (EU ETS). This is the main policy used across the EU to “cost-effectively”[i] reduce CO2 emissions across industry. The findings in a report ‘Calculation of additional profits of sectors and firms from the EU ETS’, from independent environmental analysts CE Delft, adds momentum to calls from MEPs and campaigners for an overhaul of the policy ahead of the negotiations to revisit the ETS rules this year at EU level.

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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.

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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.

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