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Briefings
12 Apr 2021

A New Hope – Recommendations for the EU Emissions Trading System review

Update 12/04/2021: Adjustments to the infographics “EU carbon emissions” and “The effect of a one-off EU ETS cap reduction” Executive summary With total greenhouse gas emissions of around 700 million tonnes per year, resource and energy-intensive industry is the third-largest climate polluter in Europe. The cement, chemical and steel sectors alone are responsible for almost…

Policy Submissions
30 Mar 2021

Carbon Market Watch’s response to the public consultation on the revision of the Industrial Emissions Directive

Carbon Market Watch fully supports the comprehensive feedback provided by the European Environmental Bureau to the revision and welcomes the opportunity to give specific views on how the Industrial Emissions Directive (IED) should be revised to support industrial decarbonisation in a complementary manner to the EU Emission Trading System.   While we support the general direction…

Briefings
25 Mar 2021

Sailing towards a global carbon price in the maritime industry?

Introduction Discussions and negotiations on carbon pricing for the international maritime sector are starting to pick up steam again at the International Maritime Organisation (IMO). This is an opportunity to finally get urgently needed, meaningful global climate regulation for this international sector. The maritime sector is the last emitting sector globally not to be covered…

Briefings
21 Dec 2020

Industry Covid Climate Lobbying

Since the beginning of the coronavirus pandemic, Carbon Market Watch has been following industry lobbying whereby the health crisis has been used as a pretext to weaken climate legislation. Building on the report “Never Wasting a Crisis: Industry Climate Lobbying During the COVID-19 Pandemic Exposed“, more cases have been collected below. The table above provides…

Policy Submissions
18 Dec 2020

Carbon Market Watch response to the Consultation of the Taskforce on Scaling Voluntary Carbon Markets

Summary (updated 21 January 2021) Encouraging the private sector to support climate action in developing countries is a positive objective. Carbon markets could have a role in this if implemented carefully. Markets should be used to channel finance towards impactful projects while taking care to not abusively rely on the achieved emission reductions to justify…

Briefings
15 Dec 2020

Above and Beyond Carbon Offsetting – Alternatives to Compensation for Climate Action and Sustainable Development

Executive summary Relying on carbon offsets to meet climate targets is risky and unsustainable. Carbon credits can have low environmental integrity, and they will become increasingly difficult to source as countries need to “keep” their reductions to meet domestic targets. When companies purchase a carbon credit generated in a country that also has a climate…

Briefings
15 Dec 2020

Results-Based Finance in the Paris Era – Considerations to Maximise Impact

This report by NewClimate Institute was commissioned by Carbon Market Watch Summary In order to reach the goals of the Paris Agreement, it is essential to rapidly move from a zero-sum offsetting approach towards rapid transitions to decarbonise all emitting sectors. Though originally developed for offsetting, using aspects of carbon market mechanisms to deliver results-based…

Policy Submissions
3 Dec 2020

Carbon Market Watch response to Inception Impact Assessment on Effort Sharing Regulation (ESR)

We regret that the Commission did not include a policy option that would ensure the current climate policy architecture is maintained in order to raise the emission reductions achieved by the Effort Sharing Regulation (ESR), Emissions Trading Scheme (ETS), and the LULUCF Regulation as three separate but mutually reinforcing policy instruments. The three options presented…

Policy Submissions
3 Dec 2020

Carbon Market Watch response to Inception Impact Assessment on LULUCF Regulation

Carbon Market Watch (CMW) supports increasing the climate ambition of the LULUCF Regulation so it can promote climate action while providing much-needed co-benefits in other environmental fields (especially biodiversity and restoration of ecosystems). CMW also supports the feedback from Climate Action Network Europe and Fern. Read full response

Briefings
24 Nov 2020

Carbon markets and agriculture – why offsetting is putting us on the wrong track

A joint briefing by Carbon Market Watch, Secours Catholique, CCFD – Terre Solidaire and Institute for Agriculture & Trade Policy (IATP) Executive summary Climate mitigation projects in the agriculture sector, particularly those focused on storing carbon in soils, are increasingly being tied to carbon markets. But the impact of these initiatives is highly questionable. First,…