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Briefings
16 Apr 2018

Understanding the Climate Action Regulation

How effective will the EU’s largest post-2020 climate tool be? Introduction The Climate Action Regulation (CAR), also known as the Effort Sharing Regulation, is Europe’s tool to reduce the climate impact of sectors not covered by the EU Emissions Trading System (EU ETS). Covering 60% of the EU’s greenhouse gas (GHG) emissions, the law sets…

Briefings
20 Feb 2018

Briefing for the European Parliament environment committee on draft rules for global aviation offsetting mechanism

Joint briefing by Carbon Market Watch and Transport and Environment Overview The ICAO General Assembly, in October 2016, adopted an assembly resolution to establish a global offsetting mechanism for international aviation for emissions above 2020 levels (CORSIA). We have a number of concerns about this overall agreement: in particular the weak target and the exclusive…

Briefings
9 Feb 2018

Understanding the CORSIA Package – Report (ICSA)

Executive Summary Agreed in October 2016 by 191 countries in the UN International Civil Aviation Organization (ICAO), the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)1 is the world’s first global market-based climate measure for a sector. While agreement to establish CORSIA was an important development, ICSA believes that it is only one component of the action…

Briefings
13 Nov 2017

Visibility Unlimited: Transparency of the new aviation carbon market

Executive summary A new offsetting scheme called the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) was established by the International Civil Aviation Organisation (ICAO) in 2016 to compensate for the industry’s emissions growth above 2020 levels. Although this measure will address less than a third of the sectors’ total expected emissions in 2030,…

Briefings
6 Oct 2017

Cities at the forefront of climate action

Cities and regions are critically important for meeting and overachieving Europe’s climate targets. More than a third of the EU’s 2020 climate target will be delivered by cities, equivalent to 240 million tonnes of CO2 emission reductions (JRC, 2016).

Annual reports
29 Jun 2017

Annual Report 2016

FOREWORD 2016 was a year that shook the world and the European Union in particular. The new hope for multilateral climate cooperation under the 2015 Paris agreement received a blow with the election of a climate denier to the White House. The European Union, as an ongoing project for peace and prosperity, was shaken by a Brexit referendum…

Briefings
4 May 2017

Too big to fail? Environmental responsibilities of the UNFCCC and ICAO processes for aviation’s new carbon market

Last year, states created an offsetting scheme to compensate for aviation’s pollution growth above 2020 levels. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is supposed to contribute to the temperature goals of the Paris Agreement. However, compensating for growing emissions does not reduce emissions overall, nor put the sector on a pathway to do so. ICAO will finalize details for the CORSIA by the end of 2017. Crucial elements include the type of credits allowed, registry design, and Monitoring, Reporting and Verification (MRV) rules.

Briefings
4 May 2017

Building blocks for a robust Sustainable Development Mechanism

The Paris Agreement marks a new era for international climate action in general, and specifically for international carbon markets. Though the agreement does not mention markets per se, Article 6 paragraph 4 establishes what has become to be known as the Sustainable Development Mechanism (SDM) which builds on and shares some features of the Kyoto flexible mechanisms namely the Clean Development Mechanism (CDM) and Joint Implementation (JI).

Briefings
27 Mar 2017

EU Climate Leader Board – Where countries stand on the Effort Sharing Regulation

EU Member States are currently negotiating Europe’s key legislation for climate action, known as the Effort Sharing Regulation. Covering 60% of the EU’s greenhouse gas emissions, the law will set binding national emission reduction targets for the 2021-2030 period for sectors such
as transport, buildings, agriculture and waste. In July 2016, the European Commission published the proposal for an Effort Sharing Regulation setting the basis for negotiations between EU ministers and Members of the European Parliament.

Briefings
7 Mar 2017

Addressing aviation emissions under the EU Emissions Trading System

In February 2017, the European Commission presented a legislative proposal regarding coverage of aviation emissions by the EU’s Emissions Trading System (EU ETS). In response to the offsetting agreement reached in the International Civil Aviation Organisation (ICAO) in October of 2016, the Commission proposes to cover only intra-European flights with the EU ETS and to exclude flights entering and leaving Europe.