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Policy Submissions
17 Nov 2021

Principles for market-based measures to decarbonise international shipping

Submitted by the Clean Shipping Coalition (of which Carbon Market Watch is a member), this document summarises the key principles that any market-based measure (MBM) agreed at the International Maritime Organisation (IMO) level needs to follow in order for it to be a fair and effective tool for contributing to the decarbonisation of international shipping.

Investigation
25 Oct 2021

Net-zero pipe dreams: Why fossil fuels cannot be carbon neutral

Executive summary With fossil fuels being branded “carbon neutral” left and right, this Carbon Market Watch investigative report analyses 18 recent carbon neutrality claims in detail, uncovering that they amount to brazen greenwashing. These “carbon neutral” fossil fuel claims primarily concern liquefied natural gas (LNG) cargoes, with two relating to oil and condensate shipments. The…

Briefings
30 Jun 2021

Two Shades of Green: How hot air forest credits are being used to avoid carbon taxes in Colombia

Update 1 July: Verra published a statement in response to this report, questioning its findings and accusing it of using flawed methodologies. Our response to Verra is available here. Executive summary The Colombian government adopted a carbon tax of approximately US$5/tCO2e covering fossil fuels in 2016. Companies can avoid paying the tax by purchasing carbon…

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…

Letters
20 Jan 2021

Joint letter to the European Commission on sustainable fuels

Dear Vice President Timmermans, Commissioner Valean, Commissioner Simson, Commissioner Breton We, the signatories, write to express our support for the goals of the European Green Deal for shipping and aviation, notably the objectives to deploy sustainable alternative fuels/energy via a dedicated Fuel EU Maritime and ReFuelEU Aviation initiatives. Maritime and aviation transport are important parts…

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,…

Letters
15 Oct 2020

NGO letter ahead of ISWG-GHG

The IMO Initial Strategy, the historic 2018 climate deal agreed to by over 100 countries, risks being undermined at negotiations next week – the Intersessional Working Group on Reduction of GHG Emissions from Ships. The three most important principles of the IMO Initial Strategy are: The agreement that the Paris Agreement applies to shipping. Specifically,…

Letters
15 Sep 2020

Joint Letter in support of the ENVI report on the MRV revision

Dear Member of the European Parliament, During the September plenary, you will vote on the revision of the Regulation on monitoring, reporting and verification (MRV) of shipping emissions. This could be the first-ever EU regulation that requires ships to reduce their emissions and to start paying for their carbon emissions. Climate pollution from the shipping…

Letters
7 Apr 2020

Open letter to IMO on moving work online

Dear Secretary General Kitack Lim, We, the undersigned environmental organizations, respect and fully support the decision to postpone the 75th meeting of the IMO’s Marine Environment Protection Committee (MEPC), given the global imperative to contain and ultimately defeat the COVID-19 pandemic. We are grateful for the leadership of the World Health Organization and other United…

Policy Submissions
5 Apr 2020

Carbon Market Watch’s feedback to energy taxation directive impact assessment

Carbon Market Watch welcomes the opportunity to provide feedback on the ETD revision. Several aspects of this directive are crucial to set the EU on a  pathway compatible with the Paris Agreement’s objectives. Carbon Market Watch supports the revision of the Directive, in particular with regard to the aim of “aligning taxation of energy products…