During the course of the new European Commission mandate, Member States are expected to raise more than 200billion in EU ETS revenues. Industry groups and governments are claiming these revenues to cover for their own costs, fill financial gaps, with little consideration to system needs and the principles guiding the ETS Directive. These revenues need …
Read more “Joint letter – EU ETS revenues from polluters to the people”
Esta guía ofrece una introducción al estado actual de los mercados internacionales de créditos de carbono. Describe los elementos principales de los nuevos mercados establecidos en virtud del Acuerdo de París, así como el funcionamiento del mercado voluntario de carbono, que opera al margen del sistema de la ONU. Concluye con un debate sobre el papel que juegan estos mecanismos en la acción climática y sobre cómo deben y no deben utilizarse.
Este guia é uma introdução ao estado atual dos mercados internacionais de créditos de carbono. Apresenta os principais elementos dos mercados recentemente criados no âmbito do Acordo de Paris e o funcionamento do mercado voluntário de carbono, que opera fora do sistema das Nações Unidas. Conclui com um debate sobre o papel destes mecanismos na ação climática e sobre a forma como devem e não devem ser utilizados.
Ce guide présente l’état actuel des marchés internationaux de crédits carbone. Il présente les éléments clés des marchés nouvellement établis dans le cadre de l’Accord de Paris, ainsi que le fonctionnement du marché volontaire du carbone, qui opère en dehors du système des Nations unies. Il se termine par une discussion sur le rôle de ces mécanismes dans l’action climatique et sur la manière dont ils devraient ou ne devraient pas être utilisés.
This guide gives an introduction to the current state of international carbon credit markets. It lays out key elements of the newly established markets under the Paris Agreement, and the functioning of the voluntary carbon market, which operates outside of the UN system. It concludes with a discussion of the role of these mechanisms in climate action, and how they should and should not be used.
Policymakers must break the magnetism between carbon markets and carbon removals by putting in place non-market incentives. This requires a rethinking of the EU’s Carbon Removals Certification Framework process and setting the right targets for 2040.
This week, the rapporteur of the European Parliament’s Environment committee (Ian Duncan) published his draft report on the EU’s carbon market reform, kicking off the legislative debate. Disappointingly, the proposal fails to address the most pressing issues that need fixing in order to make the EU ETS fit-for-purpose and in line with the Paris climate agreement.
Scroll down for French and Spanish Following the adoption of the landmark Paris agreement, our plate will be full with important campaigns in 2016. Our objective? Ensure that policies are accountable and ambitious enough to achieve countries commitment to limit global warming to 1,5C. Here is a short overview of our priorities at the international level. …
Read more “Watch This! NGO Newsletter #14: Carbon Market Watch’s priorities for 2016”
Paris, 12 December 2015 – Today, at the UN climate talks in Paris a global deal where all countries have agreed to take action on climate change was adopted. Carbon Market Watch comments on the long-term goal, the ambition ratcheting mechanism, provisions for the use of markets, the establishment of a new mechanism, human rights provisions, bunker emissions, pre-2020 action and the impact of the Paris treaty on EU’s climate policies.
This month, South Korea became the second Asian country after Kazakhstan to officially start a national carbon market. The first carbon allowances that were traded on the Korea Exchange were sold at a similar price to that in Europe’s emissions trading system (EU ETS). South Korea’s ETS could therefore be a good candidate for linking with EU’s carbon market now that the EU is looking at linking as replacement for the barred use of international offsets. While linking can have significant consequences for the integrity of the EU ETS, the European Parliament is currently not in a position to scrutinize the linking negotiation process.
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