In the difficult negotiation process surrounding the EU Emissions Trading System (ETS), one of the most contentious points for member states and Members of the European Parliament is determining whether or not the recently proposed ETS revision will enable the EU to reach its established emission reduction goals. Research from Öko-Institut and Climact suggests this …
Europe is the fastest-warming continent on the planet, yet while citizens are suffering from heatwaves and the forests around them burn in catastrophic wildfires, the European Commission has proposed to weaken its flagship climate policy by allowing polluters to offset a quarter of a billion tonnes of CO2e with risky carbon credits – wasting billions …
Read more “Why integrating carbon credits into the ETS sabotages the EU’s climate ambition”
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.
EU policymakers should not fall for this trap: the ETS is essential for EU companies planning to invest in a cleaner industrial future.
MW, Fern, WWF EPO, Lifescape Project, and Partnership for Policy Integrity will guide you through their request for internal review
Introduced in 2018, the Market Stability Reserve (MSR) functions as the oversupply control mechanism of the EU Emissions Trading System (ETS). Created to address structural oversupply on the market, every year it extracts a share of surplus emissions allowances. The MSR came to the rescue of the misfiringETS by ending a decade of low market confidence and rock bottom prices. In practice it has proven effective, syphoning oversupply out of the system and invalidating (or deleting) over 3.4 billion EU Allowances (EUAs).
The Commission planted a carbon bomb in its proposal to reform the supply control mechanism within the EU’s carbon pricing scheme for road transport and buildings.
Carbon Market Watch’s 10-point plan to keep the EU Emissions Trading System on track to serve the climate and society.
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