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Briefings
22 Apr 2021

Recommendations on forests in voluntary carbon markets

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…

Policy Submissions
19 Apr 2021

Carbon Market Watch input to SBSTA on matters related to article 6 of the Paris Agreement

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…

Briefings
14 Apr 2021

How can the EU Emissions Trading System drive the plastics sector’s zero-carbon transition?

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…

Briefings
12 Apr 2021

A New Hope – Recommendations for the EU Emissions Trading System review

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…

Policy Submissions
30 Mar 2021

Carbon Market Watch’s response to the public consultation on the revision of the Industrial Emissions Directive

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…

Briefings
25 Mar 2021

Sailing towards a global carbon price in the maritime industry?

Introduction Discussions and negotiations on carbon pricing for the international maritime sector are starting to pick up steam again at the International Maritime Organisation (IMO). This is an opportunity to finally get urgently needed, meaningful global climate regulation for this international sector. The maritime sector is the last emitting sector globally not to be covered…

Policy Submissions
12 Feb 2021

Carbon Market Watch’s response to the public consultation on the EU Emissions Trading System (EU ETS) review

Summary The EU Emissions Trading System (EU ETS) covers around 40% of the EU’s greenhouse gas emissions from more than 11,000 installations and airlines.  As part of the EU Green Deal implementation, the scheme will be revised starting in the summer of 2021. The revision is a crucial opportunity to ensure that the sectors covered…

Briefings
21 Dec 2020

Industry Covid Climate Lobbying

Since the beginning of the coronavirus pandemic, Carbon Market Watch has been following industry lobbying whereby the health crisis has been used as a pretext to weaken climate legislation. Building on the report “Never Wasting a Crisis: Industry Climate Lobbying During the COVID-19 Pandemic Exposed“, more cases have been collected below. The table above provides…

Policy Submissions
18 Dec 2020

Carbon Market Watch response to the Consultation of the Taskforce on Scaling Voluntary Carbon Markets

Summary (updated 21 January 2021) Encouraging the private sector to support climate action in developing countries is a positive objective. Carbon markets could have a role in this if implemented carefully. Markets should be used to channel finance towards impactful projects while taking care to not abusively rely on the achieved emission reductions to justify…

Briefings
15 Dec 2020

Above and Beyond Carbon Offsetting – Alternatives to Compensation for Climate Action and Sustainable Development

Executive summary Relying on carbon offsets to meet climate targets is risky and unsustainable. Carbon credits can have low environmental integrity, and they will become increasingly difficult to source as countries need to “keep” their reductions to meet domestic targets. When companies purchase a carbon credit generated in a country that also has a climate…