The first phase of Carbon Market Watch’s carbon removals co-creation process, “CO2ol Down”, is almost over. Fabiola De Simone explains how this cool project aims to heat up EU action on the bloc’s 2040 target and upcoming legislative process
Carbon Market Watch has launched a new project aimed at collectively designing the way the EU should regulate removals.
BRUSSELS, 23 January 2024 – EUCityCalc has officially launched its free, open source online platform that allows local councils and other stakeholders to visualise and simulate low-carbon scenarios for their towns and cities, as well as to assess the trade-offs related to available choices. Although the European Green Deal and the European Union’s other climate …
23 January 2024 | 14:30 – 16:00 CET | ONLINE The EU’s Emissions Trading System (EU ETS) badly needs cleaning up. It needs to make heavy emitters pay a fair price for their immense carbon footprints and use that revenue to finance industrial decarbonisation and schemes that benefit society and the environment. Drawing on the …
Letter sent to the European Commission by 121 academics, businesses, civil society organisations and research institutions urging the EU to separate emissions reductions, land-based sequestration and permanent carbon removals in the EU’s post-2030 climate framework. This separation should be at the heart of both the setting and the implementation of the 2040 target and associated …
Read more “Open letter on separate targets in 2040 climate framework”
A large part of heavy industry carbon emissions is exempted from ETS obligations. The allocation system of free emissions allowances was designed to shield European heavy industries from the purported risk of “carbon leakage”, the alleged risk that industries will relocate their production outside of the EU to countries or regions with more lenient carbon emission policies.
Carbon Market Watch colleagues met on 11 December to brainstorm a name and a logo to accentuate our Milkywire Climate Transformation Fund supported carbon dioxide removals (CDR) campaign.
Merry ETSmas!
The EU through its Emissions Trading System giftwraps free pollution permits to 30 grossly wealthy energy production and heavy industry companies causing 25% of the bloc’s emissions.
Over the 12 days of ETSMas we counted down the EU’s luckiest polluters.
Revenue from the EU’s Emissions Trading System (EU ETS) continues to be spent on subsidising heavy industry pollution rather than on climate action and ending energy poverty.
Today’s vote at the European Parliament paves the way to interinstitutional negotiations on the Carbon Removals Certification Framework. The EU institutions urgently need to hammer out the many imperfections of the CRCF to ensure that carbon removals become an effective climate action tool.
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