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Letters
12 May 2022

NGO letter: Three key recommendations for CBAM ahead of ENVI committee vote

A well-designed Carbon Border Adjustment Mechanism (CBAM) can bolster climate ambition in the European Union and internationally. It can help slash emissions from the goods we produce and import, and can stimulate the demand and supply of green industrial products.  Ahead of their vote on the CBAM proposal on 17 May 2022, we urge members…

Briefings
10 May 2022

Model answers: Studies reveal EU must revamp Emissions Trading System to live within its carbon budget

The Intergovernmental Panel on Climate Change’s (IPCC) latest report underscores the urgency of the climate crisis: the effects of the climate breakdown are already being felt around the world, and will only become more destructive in the coming decades. Humanity is rapidly running out of time to keep planetary heating limited to the Paris Agreement’s…

MODEL ANSWERS: STUDIES REVEAL EU MUST REVAMP EMISSIONS TRADING SYSTEM TO LIVE WITHIN ITS CARBON BUDGET
Letters
4 May 2022

Vote for an EU Emissions Trading System (EU ETS) that works for the climate and industrial transformation

In this joint letter, some 30 NGOs and green manufacturers urge MEPs to vote to end free pollution permits under the EU’s Emissions Trading System (EU ETS) and to use the extra revenue raised to finance more ambitious climate action.

Policy Submissions
22 Apr 2022

Carbon Market Watch response to Verra consultation on a new methodology for harvest deferral

Verra has launched a public consultation on a new methodology, developed by NCX, which proposes methods for the generation of carbon credits from activities aimed at deferring timber harvest by as little as one year. This response covers Carbon Market Watch’s (CMW) main comments on the methodology. It does not provide detailed advice on specific…

Letters
20 Apr 2022

Open Letter: Time to vote for an EU Emissions Trading System (ETS) that works for climate and industrial transformation

In this joint letter, Carbon Market Watch, WWF, CAN Europe, the EEB and other environmental organisations call on the European Parliament’s Industry, Research and Energy Committee (ITRE) to vote for ambitious reforms to the European Union’s Emissions Trading System (EU ETS) that will ensure that the EU’s carbon market will benefit the climate and lead to sustainable industrial decarbonisation in Europe.

Policy Submissions
8 Apr 2022

Carbon Market Watch response to Verra’s proposed “tonne-year accounting” method

Verra is proposing to introduce tonne-year accounting, a method whereby it would issue credits representing the permanent storage of 1tCO2 to projects that store carbon temporarily. Each tonne sequestered for one year would be worth one “tonne-year” and one hundred tonne years would make up one carbon credit. For example, storing 1 tonne for 100…

Briefings
31 Mar 2022

Decarbonising Steel: Options for reforming the EU’s Emissions Trading System

Steelmaking is one of the most carbon-intensive industries in the European Union. The sector emits 221 megatonnes of carbon dioxide each year. To ensure the EU achieves climate neutrality well before 2050, it is necessary to drastically reduce emissions in the steel sector. The EU’s Emissions Trading System is the key instrument for incentivising emissions…

Policy Submissions
30 Mar 2022

Carbon Market Watch recommendations on carbon market infrastructure for Article 6 of the Paris Agreement

This note aims to inform countries and negotiators discussing the establishment of new infrastructure under Article 6 of the Paris Agreement regarding existing shortcomings of registries and project databases that should be improved. It can also serve voluntary market actors, in particular programmes, to improve their existing platforms and remedy some of the shortcomings identified….

Policy Submissions
11 Mar 2022

Comments on proposed Verified Carbon Standard (VCS) project for reducing emissions from deforestation and forest degradations in Papua New Guinea

Kanaka Management Services Private Limited, a project developer, has proposed a Verra Verified Carbon Standard (VCS) project entitled ‘REDD+ Project in Oro Province of Papua New Guinea‘. If approved, this proposed project would be the second largest Verra VCS project, generating 8.1 million credits annually for 100 years. The proposed project was open for public…

Letters
10 Mar 2022

Carbon Border Adjustment Mechanism (CBAM) must be linked to reform of EU carbon market – Joint NGO statement

In this joint statement, Carbon Market Watch and 12 other NGOs urge EU member states to link the proposed Carbon Border Adjustment Mechanism (CBAM) to the reform of the EU’s Emissions Trading System (EU ETS). This includes abolishing free pollution permits under the EU ETS.