The regular update of the benchmark values for free allowances under the EU ETS is a necessary step to ensure that the last years of the free allocation system are fully coherent with the aim of a full phase-out by 2034 for all sectors, and provide the investment signals necessary to funnel funding into industrial …
The International Civil Aviation Organisation hailed its Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as a global, harmonised answer to aviation’s growing climate impact. Yet the reality is very different: patchy enforcement, limited coverage, and heavy reliance on problematic offsetting with carbon credits.
In its efforts to placate heavy industry, the European Commission’s latest proposed changes to the Carbon Border Adjustment Mechanism serve no environmental purpose. It’s time to refocus the CBAM on the climate.
After initially backing the EU’s planned Carbon Border Adjustment Mechanism (CBAM), EU industry has grown increasingly hostile to the carbon levy as the prospect of losing their free allowances under the EU’s Emissions Trading System (EU ETS) looms closer, according to an InfluenceMap analysis requested by Carbon Market Watch.
The European Union has struck a deal on its 2040 climate target which, on paper, maintains the headline goal of slashing emissions by 90% but allows loopholes and backdoors that will result in hundreds of millions of tonnes of additional domestic emissions.
An introductory guide to the ETS2 (Emissions Trading System for buildings and road transport), and the Social Climate Fund.
%%excerpt%% CMW response to European Commission consultation on CBAM downstream expansion and anti-circumventionIn this response to a public consultation, Carbon Market Watch urges the European Commission to place emissions reductions at the top of its policy priorities. New downstream products should only be added to the Carbon Border Adjustment Mechanism after a careful analysis assessing the global emission decrease the expansion could generate. Expanding the product list should not, under any circumstances, jeopardise the entry into force of the CBAM in 2026 nor should it delay the phasing out of free allowances under the EU Emissions Trading System (EU ETS).
The European Commission’s unambitious proposed climate target for 2040 risks becoming riddled with loopholes and delaying urgent climate action. This in-depth analysis explains how and why.
Carbon Market Watch has joined 21 NGOs, trade associations, and businesses in a joint call for the inclusion of waste incinerators and landfills in the EU ETS. This initiative aligns with the EU ETS public consultation process, which will run until 8 July 2025, ahead of the legal review by the Commission due by July 2026.
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