News & Press

Press release
7 Nov 2016

Media advisory: EU climate policy should not be the scapegoat for oversupplied steel market

Updated on 7/11/2016 at 17:50 Media advisory by Carbon Market Watch and Sandbag ahead of European Steel Action Day on 9 November BRUSSELS | LONDON, 7 November 2016. This Wednesday, IndustriAll Trade Union organises a demonstration in Brussels demanding actions against the European steel sector’s economic decline. Some of the unions perceive the EU’s emissions…

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News
By Agnes Brandt on 19 Oct 2016

New report underlines the risks for Europe’s bloated carbon market

According to a European Environment’s Agency (EEA) report published this week the oversupply of carbon permits in the EU Emissions Trading System (EU ETS) remains ‘substantial’. At a time when lawmakers are discussing how to get Europe’s flagship climate policy back on track, this report comes as an urgent warning to those trying to save the EU’s failing carbon market.

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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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News
16 Mar 2016

Green Climate Fund under pressure after accrediting contested banks

Despite strong opposition from the civil society, the Green Climate Fund (GCF) Board last week in Songdo accredited two entities – HSBC and Crédit Agricole – that have been contested for money laundering, investment in fossil fuel and poor protection of human and environmental rights. This unveils the double standard poor track record plays in accrediting big or small entities.

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