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Big polluters continue to get a free pass on Europe’s carbon market

Last week, the European Commission published a list of 44 industries, representing 90% of total industry emissions, that will continue to receive their pollution permits for free under Europe’s carbon market rules after 2020. Over-generous hand-out of free pollution permits doesn’t incentivise emission cuts,

Climate finance

The road ahead for UN carbon markets

Scroll down for French and Spanish Another round of UN climate talks closed on May 10th in Bonn, where negotiators discussed the “Paris Agreement rulebook”, a set of rules to regulate how commitments put forward in Paris can be implemented starting in 2020. The

EU carbon market

Polluters should pay into the EU budget – but how?

As usual, much attention on the recent EU budget proposal for 2021-2027 has focused on how the money will be spent. But where the funds come from and who will pay for Europe’s carbon-free transition is just as important. The European Commission rightly proposes

Carbon Market Watch Newsletter – April 2018

Editorial It’s been two years since the Paris climate deal was signed, and governments are busy working on the rules to put it into practice. Ahead of the UN Climate Change Conference in Bonn next week, we take a look at what is needed

UN carbon markets – what to expect from Bonn?

On Earth Day 22 April 2016, world leaders were in New York to sign the Paris Climate Change Agreement. Two years on, governments are working on the rulebook to put the historic deal into practice. Ahead of the Bonn Climate Change Conference, we take

Head of IMF urges countries to adopt higher carbon prices

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

Why we need a pollution price for shipping

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

EU lawmakers give green light for key climate law – what’s next?

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

Ticket tax: Both minimally effective AND incredibly impactful?

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

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