This policy paper complements the briefing “A New Hope – recommendations for the EU Emissions Trading System review” Introduction: The aviation sector is responsible for nearly 4% of the EU’s total CO2 emissions, and is the second biggest contributor to transport emissions, after road transport. While in flight, planes emit CO2 and also impact the…
This report by CE Delft was commissioned by Carbon Market Watch Summary This study has calculated the additional profits that sectors and companies have made from the EU ETS between 2008 to 2019 for the fifteen most CO2-intensive sectors plus aviation in nineteen EU countries. In our study we have investigated three types of profits:…
Executive summary Since its inception, the EU Emission Trading System (EU ETS) has been giving free allowances to most energy-intensive industries deemed at risk of carbon leakage. “Carbon leakage” refers to a hypothetical situation where companies transfer production to countries with weaker climate policies in order to lower their costs. This policy briefing interprets the…
Views on enabling ambition in article 6 and transition of CDM activities to article 6.4 – June 2021 This submission is part of a series responding to the monthly calls from the SBSTA chair covering several aspects of Article 6. Carbon Market Watch’s overall perspective on Article 6 is accessible here. In previous submissions in…
Views on the rapid operationalisation of article 6 This submission is part of a series of submissions responding to the monthly calls from the SBSTA chair covering several aspects of article 6 The operationalisation of Article 6 should guarantee integrity, transparency and inclusiveness. Speed should not undermine the overall objective of contributing to the Paris…
An NGO statement on forests in voluntary carbon markets Summary Forest protection and restoration is in urgent need of increased financial support, but cannot be used to offset fossil emissions Financial contributions should be directed at jurisdictional programs addressing deforestation and forest degradation, rather than stand-alone projects, as they provide incentives for improved land use…
Share of proceeds for adaptation and avoiding double use of outside NDC A6.4ERs Response to the call for submissions on the above-mentioned topics by the SBSTA chair Summary Financing for Adaptation/Share of Proceeds: A share of proceeds for adaptation should be levied on both 6.2 and 6.4 transactions The share of proceeds for adaptation should…
Introduction: Plastic production is the largest part of the chemical sector, constituting about one-third of chemicals production worldwide and about one fifth in Europe. The petrochemicals sector is the sector that uses the most energy in the world, more than the iron and steel, cement, pulp and paper, and aluminium industries, and is the third-largest…
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…
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…
Carbon pricing 
International transport 
Climate governance 
Fair climate action