After 20 years of the EU Emissions Trading System (EU ETS), European heavy industry is still not paying the price of their pollution. Many companies score profit from ETS1 without making the crucial investments into industrial transformation. The Commission’s revision proposal falls short in finally planning for the end of free pollution permits but does …
Read more “Era of European industry free lunches needs to stop”
Launched during a summer of fossil-fuelled climate breakdown marked by heatwaves and wildfires, the European Commission’s carbon market revision backtracks on climate action. The new proposal actively weakens the effectiveness of Europe’s flagship climate policy, and risks undermining the achievement of the EU’s 2040 and 2050 climate targets.
Read Carbon Market Watch’s 10 point plan designed to make sure lawmakers keep this most crucial EU climate policy on track
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