Aerial view of cargo ship

Making the EU carbon market shipshape for the maritime sector

The proposed inclusion of international maritime transport in the EU Emissions Trading System (EU ETS) is not only fair and in line with the ‘polluter pays’ principle, but also essential to helping the sector decarbonise. Due to a lack of progress at the global talks to tackle carbon pollution at the International Maritime Organisation (IMO), …

Trilogue triangulation: Mapping the positions of the EU institutions on carbon market reform

As the EU institutions enter into a three-way trilogue on the reform of the Emissions Trading System, we present you with this handy comparative analysis of the options on the table and Carbon Market Watch’s recommendations. Almost a year after the publication of the European Commission’s proposal for the revision of the EU’s Emissions Trading …

July newsletter editorial: Keeping hope alive for 1.5

The EU’s recent failure to rise to the unprecedented challenge presented by the climate emergency should not lead us down the path to cynicism but must prod us to redouble our efforts to bring about meaningful change, writes Sabine Frank. “So, how do you know Y (the host)?” I asked at a recent party.  “We …

Environment ministers weaken Emissions Trading System in a race to the bottom with European Parliament

Rather than correct course after the European Parliament’s shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU ETS even further. Moreover, the Environment Council has offered heavy industry billions in generous freebies while leaving households to pay the bill. Last week, MEPs voted on a diluted Emissions Trading System, undermining …

Carbon copy: MEPs vote for Emissions Trading System reforms they rejected two weeks ago

After being recently voted down in the European Parliament, the reform of the EU’s Emissions Trading System (EU ETS) was successfully passed today. But there’s little cause for celebration: while the changes might appear favourable at first glance, a closer look reveals they are simply a minor facelift to the same set of polluter-friendly policies.  …

A compromise too far: Why no deal at the European Parliament was better than a bad deal on EU’s carbon market – Updated

Since the European Parliament’s failure to reach an agreement on the comprehensive reform of the EU Emissions Trading System, MEPs have traded recriminations. However, those claiming that the defeated compromise deal was good for the climate are being disingenuous. Our analysis reveals it would have been catastrophic had it gone through. On 8 June 2022, …

June newsletter editorial: Dramatic week in climate politics shows undercutting ambition is unacceptable

Events followed by more than one member of the CMW team at a time are rare. On the occasion of the European Parliament’s vote on the reform of the EU Emissions Trading System on 8 June, several of us were glued to our screens following the parliamentary proceedings and sharing reactions in an online chat. …

New study: Slashing aviation emissions at little cost to airlines

A new analysis shows the expansion of the scope of the EU’s Emission Trading System (EU ETS) for aviation could bring several environmental and economic benefits without significantly increasing operating costs for airlines. The major benefits of expanding the scope of the EU ETS for aviation has this month been demonstrated by a new study. …

EU Parliament sends carbon market review back to the drawing board

In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee and will now overlap with  Member States finalising their position later this month. In Strasbourg …

The Carbon Border Adjustment Mechanism must replace EU carbon market freebies

The European Union must hold firm and act now to live up to its commitment to future generations by taking concrete steps to phase out free pollution permits under its Emissions Trading system, writes Laurence Lamy, head of EU Affairs at Cem’in’EU. The European Union is at a crossroads in its climate ambition. The coming …