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Briefings
7 Jul 2020

Cleaning up industry: why the EU’s strategy isn’t enough yet

Summary The new EU Industrial Strategy, released by the European Commission on 10 March 2020 as part of a larger industrial package, is the first sector-specific plan to be published since the European Green Deal was announced. It is an opportunity to put the EU economy on track towards climate neutrality, and put climate action…

Policy Submissions
10 Apr 2020

Carbon Market Watch’s feedback on the inception impact assessment on the Carbon Border Adjustment Mechanism

Carbon Market Watch fully supports efforts to price GHG emissions, within and outside the EU.  The EU ETS has been successful for certain sectors, but has failed to incentivise large scale decarbonisation of European industry, in part because of its excessive measures to guard against the hypothetical risk of carbon leakage. Industrial companies have gained…

Briefings
31 Mar 2020

Carbon Border Adjustments: Climate Protection or Climate Protectionism?

Pricing greenhouse gas emissions is one of the most important tools to decarbonise economies, and it has been implemented in the EU since 2005 through the EU Emissions Trading System (ETS). As part of this policy, the heavy industry benefits from large exemptions and receives nearly all of its allowances (i.e. pollution permits) for free….

Briefings
22 Dec 2015

Paris outcomes: Carbon Market Watch Analysis of COP 21

From 30 November to 12 December 2015, Parties to the UNFCCC met in Paris to negotiate a new global climate treaty.

The Paris Agreement was a remarkable outcome, especially after the failures of Copenhagen. Almost all involved, including Carbon Market Watch, seemed surprised at how positive the outcome was. However, expectations had been carefully managed in the preceding years, so that aspirations of environmentalists to have a treaty that reflected the scientific reality by dividing up the remaining global carbon budget, had been downplayed into unreality.

Briefings
30 Nov 2015

Report: Using nature to pardon environmental pollution – Risks of agriculture sequestration carbon offsets

Agriculture supports the livelihoods of around a half of the world’s population, but is at the same time a notable source of greenhouse gas emissions (GHGs) driving climate change. As of one the options to tackle emissions in the sector, governments have been discussing to include additional agricultural activities into the Clean Development Mechanism (CDM) under the United Nations Climate Change Convention (UNFCCC) since 2011. Whether agricultural activities should be eligible for carbon offsetting programmes is not only topical within discussions in the UNFCCC but also within certain regional cap-and-trade schemes and discussions to establish a market based mechanism for international aviation emissions, expected to be adopted in October 2016 under the auspices of the International Civil Aviation Organization (ICAO).

Briefings
30 Nov 2015

Policy Brief: Fossil and biological carbon: a tonne is not a tonne

Whether biological carbon credit should be traded in carbon markets is topical, with discussions ongoing in the UNFCCC, ICAO and the California Cap-and-Trade system. To date, compliance markets have rejected the eligibility of biological carbon offsets. They are right to do so. Fossil and biological carbon operate on different parts of the carbon cycle, and on very different timescales. Fossil carbon is permanent; biological carbon is potentially and frequently subject to rapid fluxes, whether natural or manmade. For these reasons, offset credits from REDD+, afforestation and reforestation or other biological systems should not be treated as fungible with fossil carbon, but should instead be addressed through other, appropriate, policy measures.

Letters
17 Jun 2015

Letter to Commissioner Arias Cañete in view of European Commission consultation on Land Use, Land Use Change and Forestry (LULUCF)

Dear Commissioner Arias Cañete,
The European Commission has consulted stakeholders about the role the EU’s land and forests should play in its 2030 Climate and Energy Framework. With this letter, the undersigned organisations are registering their views and state that Option 1 (LULUCF pillar), is their preferred option since it is the only one that could uphold the environmental and social integrity of the EU’s target. They call on the EU to have a clear position ahead of Paris on the need for two distinct global goals, one for LULUCF and another for other emissions, including non CO2 emissions from agriculture.

At the European Summit in October 2014, Heads of State agreed that, by 2030, the EU will domestically reduce its emissions by at least 40 per cent compared to 1990. In the run up to the United Nations climate summit in Paris, the EU should continue to show leadership to tackle climate change by upholding the environmental integrity of the ‘at least 40 per cent’ target. We believe that unless the following points are addressed, the EU is at risk not only of backsliding on its ambition and harming its credibility in this crucial year for climate, but it could entail damaging impacts on biodiversity and local communities.

Policy Submissions
17 Jun 2015

Carbon Market Watch response to the EU consultation on addressing greenhouse gas emissions from agriculture and LULUCF in the context of the 2030 EU climate and energy framework

1. In your view, which of the multiple objectives of agriculture, forestry and other land use will gain most in relative importance by 2030?

It will be critical to ensure the long-term stability of carbon pools for carbon storage, biodiversity protection and ecosystem preservation in the future. Currently the emissions from land use represent a quarter of all human emissions and it is hence vital that the land use sector also contributes to tackling climate change.
The use of biomass is limited due to finite land availability and therefore the use of biomass should follow the cascading hierarchy and only as a last resort be used for lower-quality applications where other viable alternatives exist, which is the case with power generation.
Finally, it should be recognised that food security and sustainable farming should go hand in hand. Actions that support this include no-till farming, silvopastoral practises and demand-side measures to limit excess consumption.

Briefings
25 Nov 2014

Views on the discussions on additional land use, land-use change and forestry activities (LULUCF) and specific alternative approaches to addressing the risk of non-permanence

Carbon Market Watch welcomes the opportunity to provide input on discussions on specific possible additional land use, land-use change and forestry activities and specific alternative approaches to addressing the risk of non-permanence under the Clean Development Mechanism (CDM).

Briefings
30 Oct 2014

Analysis of Europe’s 2030 Climate Ambition

During the night of 23 October 2014, EU leaders brokered a deal on the 2030 climate and energy headline targets. EU’s Heads of States settled on an EU-binding renewable energy target of at least 27%, an indicative energy efficiency target of at least 27% and an at least 40% binding domestic greenhouse gas reduction target…