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Briefings
31 Jul 2020

Carbon markets 101 – the ultimate guide to global offsetting mechanisms

Introduction This briefing gives an overview of the current discussions under Article 6 of the Paris Agreement which establishes the foundation for market-based climate measures after 2020. It lays out key lessons from the Kyoto Protocol markets, highlights essential issues within the Article 6 negotiations, and provides recommendations on how to solve them. It concludes…

Briefings
30 Jun 2020

A New Industry Framework For Achieving the EU Green Deal ‘Zero Pollution’ Goal

Industrial Emissions Directive and climate action: key elements for a review Executive summary Under the EU Green Deal, the European Union is committed to reaching climate neutrality by 2050. A clean industrial transformation is urgently needed to achieve this goal. This paper proposes changes to the current industrial policy framework to ensure that the existing…

Briefings
7 May 2020

Never Wasting a Crisis: Industry Climate Lobbying During the COVID-19 Pandemic Exposed

Summary: This briefing counters industry attempts to use the coronavirus pandemic as a pretext to weaken international, European and national climate and carbon pricing laws. It debunks myths and provides policy recommendations to decision-makers. The examples include large polluters pushing for delays in implementing the EU Green Deal and national climate policies and airlines aiming…

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
30 Mar 2020

Six lessons from ICAO’s carbon market expert group report

In a recent report, the Technical Advisory Body (TAB) outlines restrictions for the types of carbon offsets that can be used by airlines under the new aviation carbon market CORSIA. The report provides valuable lessons for the Article 6 negotiations under the Paris Agreement. Summary of lessons for the Article 6 negotiations:  Old credits should…

Policy Submissions
11 Mar 2020

Carbon Market Watch input to public consultation on draft ETS state aid guidelines

Given that there is as yet no hard evidence of carbon leakage caused by indirect costs passed through by power companies, Carbon Market Watch cannot support using taxpayer money to protect the industry from an unproven “carbon leakage risk”. Indirect cost compensation, coupled with free allocation of emission allowances, undermines the polluter pays principle and…

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…

Policy Submissions
6 Sep 2019

Carbon Market Watch’s input to ICAO public consultation on greenhouse gas programs

The International Civil Aviation Organisation (ICAO) invited greenhouse gas programmes (i.e. standards) to apply for assessment against the CORSIA Emissions Unit Criteria (EUC) by the Technical Advisory Body of ICAO. 14 organisations responded to the call. The public was invited to submit comments on the responses to the call for applications, including regarding their alignment…