Carbon Market Watch has reviewed the draft European Commission implementing regulation on the reporting obligations during the transitional period of the newly introduced Carbon Market Adjustment Mechanism (CBAM). Whilst the proposed methodology could be considered rigorous, there are a few shortcomings that need to be urgently addressed. CMW’s recommendations encourage the framework to deliver an …
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This report by CE Delft was commissioned by Carbon Market Watch Summary This study has calculated the additional profits that sectors and companies have made from the EU ETS between 2008 to 2019 for the fifteen most CO2-intensive sectors plus aviation in nineteen EU countries. In our study we have investigated three types of profits: …
Read more “Additional profits of sectors and firms from the EU ETS 2008-2019”
BRUSSELS, 7 June 2021 New analysis shows that the energy-intensive industry across Europe has profited up to €50 billion from 2008 to 2019 as a result of the free allocation of pollution permits under the EU Emissions Trading System (EU ETS). The findings in the report from independent environmental consultancy CE Delft highlight the need …
Read more “Europe’s industry polluters make €50 billion in carbon market windfall profits”
Date and Time: 15.00-16.30 CEST, 07 June 2021 (online). Watch the recording here or on YouTube Background: The EU’s Emissions Trading System (EU ETS) is Europe’s main instrument to reduce carbon pollution from the power and industrial sectors. Over the years, it has helped to drive down the use of coal. However, when it comes …
Read more “Return of the Allowances – Fixing the EU carbon market rules to drive industrial innovation”
Editorial At the recent UN climate talks in Bonn, negotiations on future market provisions largely focused on the process, but key issues will need to be sorted out at the next session in Bangkok before the “Paris rulebook” can be adopted. It is particularly important to have strong rules in place to protect the rights of those affected by climate …
Read more “Carbon Market Watch Newsletter – May 2018”
The assessment of the carbon leakage list for the post-2020 period will need to be informed by the performance of the carbon leakage provisions to date. So far, the excessively generous handout of free permits has resulted in over 25 billion euros windfall profits (e.g. the polluter has been paid, rather than having been made …
Read more “Response to impact assessment of the carbon leakage list for the period 2021-2030”
BRUSSELS 28 February 2017. Today the EU environment ministers adopted their position on the EU Emissions Trading System (EU ETS) revision. While the ministers proposed some improvements to the original proposal, more is needed to align one of the EU’s key climate laws with the Paris Agreement on climate change. To address the chronic glut …
Read more “EU countries take a small step to address carbon market oversupply”
STRASBOURG 15 February 2017. Today the European Parliament adopted its position on the revision of the EU’s Emissions Trading System (EU ETS) for the 2021-2030 period. Regrettably, the lawmakers missed out on an opportunity to strengthen the polluter pays principle through a carbon border tax on cement imports and an end to free pollution permits …
Read more “EU carbon market future in doubt as lawmakers fail with reform”
BRUSSELS 30 November 2016. The European cement sector has earned over 5 billion euros from the EU’s Emissions Trading System (EU ETS) according to updated windfall calculations taken from 2008-2015. The findings from independent analysts at CE Delft highlight the urgent need to drastically curb the volume of free pollution permits handed out to carbon-intensive …
Read more “Cement industry made €5 billion in pollution windfall from EU’s carbon market”
The cement sector is responsible for 5% of global greenhouse gas emissions. In Europe, the sector emits more greenhouse gases than the whole Belgian economyi. In light of the Paris Agreement objectives, the cement industry will need to achieve deep emission reductions in the coming years. The EU’s main instrument to decarbonise cement – the EU ETS – has however failed to deliver this so far: By subsidizing pollution, there has hardly been a sufficient economic incentive to leverage emission cuts in the cement sector.
