When carrying out its impact assessment, the Commission should consider that any option allowing the EU to rely on international credits to facilitate the achievement of its 2040 climate target is problematic for the following reasons:
1. It ignores the EU’s own scientific advice.
2. It is not in line with Article 6 of the Paris Agreement, nor the nature of the EU’s climate framework.
3. It exposes the EU to financial, climate and reputational risks.
Carbon Market Watch’s position on the use of international carbon credits to outsource the EU’s 2040 climate target
Europe’s industrial resilience, strategic autonomy and global climate leadership depends on a stable and credible carbon pricing framework.
The EU’s Emissions Trading System is essential to meeting the European Union’s 2040 climate target. Watering the EU ETS down with international carbon credits or
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