Summary The new EU Industrial Strategy, released by the European Commission on 10 March 2020 as part of a larger industrial package, is the first sector-specific plan to be published since the European Green Deal was announced. It is an opportunity to put the EU economy on track towards climate neutrality, and put climate action…
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…
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….
Executive summary A very large number of carbon credits has been created through the three carbon markets of the Kyoto Protocol: the Clean Development Mechanism (CDM), Joint Implementation (JI) and International Emissions Trading (IET). It is unclear what will happen to these mechanisms in the future and whether these old credits will be used under…
This document is addressed to Article 6 negotiators and Heads of Delegations at COP25, and proposes a detailed and structured text to address the issues described in the briefing “Empty targets? How to avoid the trading of hot air under the Paris Agreement”. Key numbers from the briefing: ● The potential supply of available CERs…
Dear respected colleague, Ahead of the Bonn Climate Change Conference 17-27 June 2019, Carbon Market Watch is pleased to share our recommendations for Article 6 negotiations. Strong rules to avoid double-counting of emission reductions There is a significant risk that emission reductions under the Paris Agreement could be counted towards two or more climate commitments…
Carbon Market Watch (CMW) welcomes the opportunity to submit comments on the OBPS regulations under the GGPPA which entered into force on June 21, 2018, and would like to formulate comments as below. 1. Carbon leakage and the calculation of the emissions limit We express strong concerns with the decision to revise the starting point of the…
Introduction Article 6 of the Paris Agreement creates mechanisms that allow for Parties to engage in cooperative approaches to achieve emission reductions and contribute to the implementation and progressive revision of NDCs. As Parties gather at COP24 to finalize the implementation guidelines, they need to ensure that any mechanism created under Article 6 does not repeat the mistakes of…
Dear UNFCCC Head of Delegation, The Paris Agreement adopted in 2015 marked a groundbreaking evolution in the global ambition to fight climate change. It also makes clear that a radical shift is required to move beyond the Clean Development Mechanism (CDM). We, representing 99 organizations from around the world, are therefore calling upon you to…
Prepared for the Subsidiary Body for Scientific and Technological Advice 49th meeting, COP24, Katowice In determining the rules, modalities, and procedures for Article 6.4, it is imperative that Parties learn from past experiences and strive for this mechanism to contribute to greater ambition. Specifically, lessons should be drawn from the Kyoto Protocol’s carbon offsetting mechanisms,…
Carbon pricing 
International transport 
Climate governance 
Fair climate action