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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
19 Sep 2019

Avoiding A Carbon Crash: how to phase out coal and strengthen the EU ETS

Executive summary 12 European countries have committed to closing down coal-fired power plants over the coming years. In order to do their part in limiting the global temperature rise to 1.5°C above pre-industrial levels, all EU countries will have to follow on this path and phase out coal by 20301. While this is an urgent…

Briefings
25 Apr 2019

Cracking Europe’s hardest climate nut – How to kick-start the zero-carbon transition of energy-intensive industries?

Executive summary With total greenhouse gas emissions of 708 million tonnes1 per year, resource and energy intensive industry is the third largest climate polluter in Europe2. The cement, chemical, and steel sectors alone are responsible for almost 60% of these emissions. Industrial emissions are regulated under the EU Emission Trading System (ETS), but the numerous…

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
3 Dec 2018

Aligning EU Investment and Climate Targets

How the EU Budget can help Member States in reducing emissions Executive Summary The Commission presented proposals relating to the post-2020 EU budget in May and June 2018. The next EU budget spans from 2021 to 2027 and the revenue streams, as well as where the money will be invested, are both topics of discussion…

Briefings
26 Sep 2018

National Energy and Climate Plans and the transition to carbon-free societies – A civil society guide

Introduction In the coming time, Member States will need to develop National Energy and Climate Plans (NECPs), in collaboration with stakeholders, to show how they plan to meet their 2030 climate and energy commitments. This provides an opportunity for civil society to help shape the key national decisions for the next decade and to ensure that they…

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…

Briefings
21 Jun 2018

Background briefing: Why we need to avoid a free for all of projects under the aviation offsetting scheme

36 countries of the Council of the International Civil Aviation Organisation (ICAO) are currently meeting in Montreal, Canada, to decide on the rules for the Carbon Offset and Reduction Scheme for International Aviation (CORSIA). The so called “CORSIA package” includes criteria for the offset credits purchased by airlines and criteria for alternative fuels, which can…

Briefings
16 Apr 2018

Understanding the Climate Action Regulation

How effective will the EU’s largest post-2020 climate tool be? Introduction The Climate Action Regulation (CAR), also known as the Effort Sharing Regulation, is Europe’s tool to reduce the climate impact of sectors not covered by the EU Emissions Trading System (EU ETS). Covering 60% of the EU’s greenhouse gas (GHG) emissions, the law sets…

Briefings
20 Feb 2018

Briefing for the European Parliament environment committee on draft rules for global aviation offsetting mechanism

Joint briefing by Carbon Market Watch and Transport and Environment Overview The ICAO General Assembly, in October 2016, adopted an assembly resolution to establish a global offsetting mechanism for international aviation for emissions above 2020 levels (CORSIA). We have a number of concerns about this overall agreement: in particular the weak target and the exclusive…