Carbon Market Watch and other green NGOs express their grave concern about the European Commission’s proposal to generate €20 billion from the auctioning of allowances held in the Market Stability Reserve (MSR) of the EU’s Emissions Trading System (ETS) in order to finance measures to help fund the REPowerEU plan, which includes gas and oil infrastructure. In this joint letter, the signatories from civil society urge MEPs to block this proposal because it would severely undermine the objectives of the European Green Deal and the EU’s obligations under the Paris Agreement.
The 2040 homestretch: Enhancing EU climate action before and after 2030 – the role of the EU ETS and carbon removals
This policy document outlines recommendations for how the EU’s Emissions Trading System (EU ETS) EU can help the EU decarbonise its economy by 2040. It