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 removes market incentives for energy-intensive industries to take steps towards energy efficiency, decarbonisation and investments in cleaner production. The state aid schemes implementing these guidelines, in essence, lead to subsidies for more pollution, under the guise of tackling a problem that does not exist.
Full submission here
18 Dec 2020
Carbon Market Watch response to the Consultation of the Taskforce on Scaling Voluntary Carbon Markets
15 Dec 2020
Above and Beyond Carbon Offsetting – Alternatives to Compensation for Climate Action and Sustainable Development
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