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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
Briefings
10 May 2022

Why the EU must strengthen its climate target, including in the Emissions Trading System

There are multiple arguments for why the EU’S 2030 climate target aimed to reduce greenhouse gas emissions by at least 55% is not compatible with the 1.5°C temperature goal of the Paris Agreement. The EU thus will need to look at how it can do more. Substantial additional action in all economic sectors and in…

Why the EU must strengthen its climate target, including in the Emissions Trading System
Investigation
10 May 2022

The Revision of the European Union Emissions Trading System Directive: Assessing Cap and Market Stability Reserve Reform Options

  The European Union Emissions Trading System (EU ETS) is a central element of EU climate policy. The successful reform of the EU ETS is thus crucial for the implementation of the objectives of the European Green Deal. Reforms are required in the following four aspects of the EU ETS.   The first aspect is…

The Revision of the European Union Emissions Trading System Directive: Assessing Cap and Market Stability Reserve Reform Options
Briefings
9 May 2022

How to advocate for effective EU carbon pricing

The Emissions Trading System (ETS) is one of the key EU climate policies and its reform is essential for the successful implementation of the EU Green Deal and the achievement of the Union’s 2030 climate targets. Advocating for a strong revision of the EU ETS is an inherent part of civil society’s work to help…

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
2 May 2022

Carbon Market Watch reply to European Commission public consultation on the certification of carbon removals – EU rules

If done well the Carbon Removal Certification Mechanism (CDR-M) can determine what is actually Carbon Dioxide Removal (CDR) or not, and keep false solutions out of this field. Time and resources are scarce and must be invested in real removals, and not in CCU and temporary storage. These may have climate benefits (by crowding out…

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…