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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…

Annual reports
28 May 2020

Annual Report 2019

Foreword 2019 was an exciting and full year for Carbon Market Watch (CMW). On the wings of the global youth movement asking for better climate protection, the issue of climate change gained prominence it had never achieved before. It was finally brought to the attention of policymakers in a manner that will hopefully be sustained…

Letters
25 May 2020

Carbon market stakeholder letter to ICAO Council

The letter was updated on 27 May with a new signature Dear ICAO Council members, The ongoing global health crisis has led to a drop in air traffic which in turn has already caused tremendous economic hardship for the aviation sector’s workers. This situation has also led to a drop in CO2 emissions from international…

Briefings
7 May 2020

Never Wasting a Crisis: Industry Climate Lobbying During the COVID-19 Pandemic Exposed

Summary: This briefing counters industry attempts to use the coronavirus pandemic as a pretext to weaken international, European and national climate and carbon pricing laws. It debunks myths and provides policy recommendations to decision-makers. The examples include large polluters pushing for delays in implementing the EU Green Deal and national climate policies and airlines aiming…

Policy Submissions
10 Apr 2020

Carbon Market Watch’s feedback on the inception impact assessment on the Carbon Border Adjustment Mechanism

Carbon Market Watch fully supports efforts to price GHG emissions, within and outside the EU.  The EU ETS has been successful for certain sectors, but has failed to incentivise large scale decarbonisation of European industry, in part because of its excessive measures to guard against the hypothetical risk of carbon leakage. Industrial companies have gained…

Briefings
31 Mar 2020

Carbon Border Adjustments: Climate Protection or Climate Protectionism?

Pricing greenhouse gas emissions is one of the most important tools to decarbonise economies, and it has been implemented in the EU since 2005 through the EU Emissions Trading System (ETS). As part of this policy, the heavy industry benefits from large exemptions and receives nearly all of its allowances (i.e. pollution permits) for free….

Briefings
30 Mar 2020

Six lessons from ICAO’s carbon market expert group report

In a recent report, the Technical Advisory Body (TAB) outlines restrictions for the types of carbon offsets that can be used by airlines under the new aviation carbon market CORSIA. The report provides valuable lessons for the Article 6 negotiations under the Paris Agreement. Summary of lessons for the Article 6 negotiations:  Old credits should…

Policy Submissions
11 Mar 2020

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…

Letters
28 Feb 2020

NGO letter to the European Commission on the industrial strategy

Civil Society Organisations’ recommendations for the new EU Industrial Strategy – Making the new European industrial strategy an enabler of a just transition to a carbon-neutral, circular and zero-pollution economy. Europe faces a climate and environmental crisis. Scientists, experts, the political classes and civil society all agree that we urgently need to decarbonise all sectors…

Briefings
13 Feb 2020

What will airlines buy to offset their pollution?

TODAY’S SUPPLY OF CARBON CREDITS AND TOMORROW’S DEMAND FROM CORSIA Carbon Market Watch Factsheet Summary The concern that too few credits will be available to meet demand from airlines under the future aviation carbon market CORSIA is misplaced. Today’s supply from the three largest voluntary programmes alone is enough to cover CORSIA’s demand until well…