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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
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…

Briefings
29 Oct 2020

10 Key Principles for a Carbon Border Adjustment Measure (CBAM)

With more information on the design options that the European Commission is considering for a Carbon Border Adjustment Measure (CBAM) and slightly more clarity on the different options available, Carbon Market Watch has updated its position and refined the key principles originally presented in the briefing “Carbon Border Adjustments: Climate Protection or Climate Protectionism?” published…

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…

Policy Submissions
25 Jun 2020

Carbon Market Watch response to public consultation for the EU climate ambition for 2030

EU climate policymaking should be informed and aligned with the latest available science and the EU’s commitment under the Paris Agreement, in particular the objective of limiting global temperature rise to 1.5°C. In light of the EU’s capacity to act and principles of global equity, the Union should achieve at least 65% emission reductions by…

Policy Submissions
5 Apr 2020

Carbon Market Watch’s feedback to energy taxation directive impact assessment

Carbon Market Watch welcomes the opportunity to provide feedback on the ETD revision. Several aspects of this directive are crucial to set the EU on a  pathway compatible with the Paris Agreement’s objectives. Carbon Market Watch supports the revision of the Directive, in particular with regard to the aim of “aligning taxation of energy products…

Briefings
29 Oct 2018

The Clean Development Mechanism: Local Impacts of a Global System

Executive Summary The Clean Development Mechanism (CDM) was set up under the 1997 Kyoto Protocol to allow developed countries to buy emissions reductions from developing countries in the form of credits, called Certified Emissions Reductions (CERs). The objectives of the CDM are to help developed countries achieve their climate commitment and to assist developing countries in achieving sustainable…

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…

Policy Submissions
27 Apr 2018

Recommendations for the Article 6.4 of the Paris Agreement

Prepared for the Bonn Climate Change Conference 30 April – 10 May 2018 In elaborating the rules, modalities, and procedures for Article 6.4, it is imperative that Parties learn from past experiences with the Kyoto Protocol’s carbon offsetting mechanisms Clean Development Mechanism (CDM) and Joint Implementation (JI), and integrate provisions to ensure environmental integrity, foster…