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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…

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
29 Oct 2020

10 Key Principles for a Carbon Border Adjustment Measure (CBAM)

With more information on the design options that the European Commission is considering for a Carbon Border Adjustment Measure (CBAM) and slightly more clarity on the different options available, Carbon Market Watch has updated its position and refined the key principles originally presented in the briefing “Carbon Border Adjustments: Climate Protection or Climate Protectionism?” published…

Briefings
7 Jul 2020

Cleaning up industry: why the EU’s strategy isn’t enough yet

Summary The new EU Industrial Strategy, released by the European Commission on 10 March 2020 as part of a larger industrial package, is the first sector-specific plan to be published since the European Green Deal was announced. It is an opportunity to put the EU economy on track towards climate neutrality, and put climate action…

Briefings
31 Mar 2020

Carbon Border Adjustments: Climate Protection or Climate Protectionism?

Pricing greenhouse gas emissions is one of the most important tools to decarbonise economies, and it has been implemented in the EU since 2005 through the EU Emissions Trading System (ETS). As part of this policy, the heavy industry benefits from large exemptions and receives nearly all of its allowances (i.e. pollution permits) for free….

Briefings
30 Mar 2020

Six lessons from ICAO’s carbon market expert group report

In a recent report, the Technical Advisory Body (TAB) outlines restrictions for the types of carbon offsets that can be used by airlines under the new aviation carbon market CORSIA. The report provides valuable lessons for the Article 6 negotiations under the Paris Agreement. Summary of lessons for the Article 6 negotiations:  Old credits should…

Briefings
13 Feb 2020

What will airlines buy to offset their pollution?

TODAY’S SUPPLY OF CARBON CREDITS AND TOMORROW’S DEMAND FROM CORSIA Carbon Market Watch Factsheet Summary The concern that too few credits will be available to meet demand from airlines under the future aviation carbon market CORSIA is misplaced. Today’s supply from the three largest voluntary programmes alone is enough to cover CORSIA’s demand until well…

Briefings
15 Mar 2019

First class or economy? – An assessment of credit providers for the aviation offsetting scheme

This briefing was updated on 1 April 2019  Executive summary The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a new carbon market established under the International Civil Aviation Organization (ICAO), aims to compensate the growth in CO2 emissions from international flights above 2020 levels, starting in 2021. ICAO must, therefore, identify which carbon…

Briefings
29 Oct 2018

The Clean Development Mechanism: Local Impacts of a Global System

Executive Summary The Clean Development Mechanism (CDM) was set up under the 1997 Kyoto Protocol to allow developed countries to buy emissions reductions from developing countries in the form of credits, called Certified Emissions Reductions (CERs). The objectives of the CDM are to help developed countries achieve their climate commitment and to assist developing countries in achieving sustainable…

Briefings
31 Aug 2018

Reconciling CORSIA and the Sustainable Development Mechanism

Executive Summary The Paris Agreement breaks away from the division of “developed” vs. “developing” countries which was enshrined in the Kyoto Protocol. It sets a new dynamic which will inevitably impact the next generation of carbon markets. It further sets new objectives for these mechanisms, such as contributing to overall mitigation of global GHG emissions and…