BAH, HUMBUG! END €TS FREEBIES. MAKE POLLUTERS PAY FOR A FAIR AND CLEAN TRANSFORMATION

Final deal on EU carbon market (ETS) gives heavy industry a free pass at the expense of households and taxpayers

The long process that was meant to transform the EU’s Emissions Trading System into an effective tool for climate action has culminated in a final deal that will not reduce Europe’s industrial carbon footprint rapidly enough to tackle the climate crisis. The reformed EU ETS lavishes freebies on polluting industries and leaves households and taxpayers with the bill.

NGO and industry letter to ETS trilogue negotiators: Time to agree on an EU ETS and CBAM that work for the climate and support industrial transformation

A strong reform of the EU Emissions Trading System (ETS) and a well-designed Carbon Border Adjustment Mechanism (CBAM) can truly help slash emissions from the goods we produce and import, create a level-playing field for Europe’s low-carbon manufacturers and stimulate the demand and supply of clean industrial products. As the negotiations to finalise the reform …

An airplane viewed through skyscrapers.

Time for EU to act on airline emissions as UN aviation agency’s climate ambitions take a nosedive

The International Civil Aviation Organisation’s General Assembly has further weakened CORSIA, its only carbon pricing tool. It is high time that the EU stopped being hostage to ICAO and industry interests and tackles aviation emissions regionally. Aviation emissions account for 2-3% of total global carbon emissions and should be tackled and regulated by the UN’s …

Flights of Fancy: Preventing European airlines from making far-fetched climate claims

A study commissioned by Carbon Market Watch and conducted by the Öko-Institut analysed the action or investments that eight major European airlines were taking outside their value chains. These include activities that supposedly avoid or reduce greenhouse gas emissions and those that remove and store greenhouse gases from the atmosphere. The eight selected airlines are …

European airlines misleading customers with claims of “carbon-neutral” flights – study

A new study commissioned by Carbon Market Watch has revealed gaping holes in the effectiveness of voluntary climate action taken by eight major European airlines. Misleading claims of “carbon neutral” flying, a dependence on poor quality carbon offsets and the low cost of a tonne of CO2 that customers can pay to offset are just …

Abandoned factory in Liege, Belgium.

October newsletter editorial: Decarbonisation is not deindustrialisation

At Carbon Market Watch, we seek to decarbonise society, not to deindustrialise it, out of a conviction that our future prosperity depends on our ability to live within the planet’s limits, for the good of society, for the good of nature and, ultimately, for the long-term good of businesses themselves. We went on a tour …

Clearing the fog around heavy industry’s carbon market claims

Ahead of the next trilogue between the EU institutions on the Emissions Trading System (EU ETS), scheduled to kick off next week, CMW’s Agnese Ruggiero and WWF’s Camille Maury tackle the misconceptions and bust the myths about the EU’s carbon market’s revision. The current energy crunch and the burning hot summer Europe experienced this year  …

Open safety deposit boxes

Plundering the EU’s carbon market to fight the energy crunch is self-defeating

Raiding the reserve that underpins the EU’s Emissions Trading System to reduce the European Union’s dependence on Russian gas is short-sighted and destructive, especially as far better solutions exist. The Market Stability Reserve (MSR) is an important element of the EU Emissions Trading System. It has proven effective in supporting the carbon price, and helped …