Polluting cannot be as cheap as it is today – was the message from ministers, business executives and civil society leaders who came together at the third high-level annual assembly of the Carbon Pricing Leadership Coalition (CPLC) last week. Carbon Market Watch will join
Earlier this month, the 173 member countries of the UN’s International Maritime Organisation (IMO) agreed to cut emissions from ships by 50% below 2008 levels by 2050 and pursue efforts to phasing them out completely. An effective carbon price, combined with short-term operational and
After almost two years of intense negotiations, this week the European Parliament will give its final approval for the Climate Action Regulation, which aims to reduce emissions from transport, agriculture, buildings and waste management. Implementation will determine how effective this key climate law will
The Swedish government is tackling the soaring emissions from aviation through an extra fee on airline tickets. There has been significant industry pushback about the extra costs, stating concerns both about economic impacts and low environmental benefits. We agree that in order to drive
Editorial Earlier this month, six EU countries discussed the possibility of introducing a minimum price on pollution. A carbon floor price in Northern and Western Europe could accelerate the shift away from coal and create a tipping point for the phase-out of fossil fuels in other
The future aviation offsetting scheme will end up having little impact on the sector’s soaring emissions unless restrictions are applied on what kind of offset credits airlines can purchase, a new study has found. The study, commissioned by the German government, looked at the
Carbonkiller is an initiative by the Dutch environmental organisation WISE that allows anyone to buy and destroy emission permits from the massively oversupplied European carbon market with the aim to raise the price and to increase public engagement in one of Europe’s key climate
Last week, at a conference organised by the French government, six EU countries discussed the possibility of introducing a minimum price to pollute. Although prices under the EU’s carbon market have lately risen above 10 Euros for the first time since 2011, they are
The European Union has told the UN aviation body that it accepts the draft rules for the future global aviation offsetting scheme without changes but raises questions about the quality of offsets. Leaving the rules unchanged poses risks which include allowing in almost any
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