In this joint letter, Carbon Market Watch, WWF, CAN Europe, the EEB and other environmental organisations call on the European Parliament’s Industry, Research and Energy Committee (ITRE) to vote for ambitious reforms to the European Union’s Emissions Trading System (EU ETS) that will ensure that the EU’s carbon market will benefit the climate and lead to sustainable industrial decarbonisation in Europe.
In a democratic debate, should everyone get an equal say or should those with money be given a soapbox and loudhailer? The answer to this question is obvious, yet it appears to have eluded Politico Europe, one of the main players on the Brussels media stage.
We can draw vital lessons from the functioning of the EU’s current Emissions Trading System to expand it to the building and transport sectors in a way that serves the climate and advances social justice. In its current shape, the EU’s Emissions Trading System (EU ETS) is far from perfect. It falls short on overall …
Read more “Designing a sound EU carbon market for buildings and transport”
Rather than propose amendments to the EU’s Emissions Trading System that would take the heat off the climate and serve society, European parliamentarians are squabbling over the quantity of freebies to offer polluting industries. The process of revamping the EU’s Emissions Trading System is in full swing. Members of the European Parliament’s Environment Committee have …
Read more “Milking the EU’s carbon market cash cow for industry”
In this joint statement, Carbon Market Watch and 12 other NGOs urge EU member states to link the proposed Carbon Border Adjustment Mechanism (CBAM) to the reform of the EU’s Emissions Trading System (EU ETS). This includes abolishing free pollution permits under the EU ETS.
The EU Emissions Trading System (EU ETS) is often referred to as a cornerstone of EU climate policy. It aims to reduce emissions by pricing greenhouse gas (GHG) pollution from the power, industry and aviation sectors. It not only seeks to promote investments in emission reductions by making energy-intensive business as usual expensive, but it …
Read more “EU ETS 101- A beginner’s guide to the EU’s Emissions Trading System”
The higher carbon prices on the EU’s Emissions Trading System (EU ETS) of the last three months have caused cross-sectoral concern. Many are placing unsubstantiated blame on speculative trading. But with speculation a minor problem at best, is flooding the market with more carbon allowances a solution or a dangerously reckless move? In the EU, …
Read more “Higher carbon prices: Is speculation truly to blame?”
Date and time: 25 January 2021, 10:30-15:00 CET (online). Watch the recording here or on YouTube (part 1 and part 2). Background: Last summer, the European Commission launched ‘Fit for 55′, a legislative package to revise the EU’s 2030 climate and energy framework. Key elements of the package include the revision and scaling up of the …
Read more “At what price? The role of the EU’s Emissions Trading System in combating the climate crisis”
Even though the European Union’s Emissions Trading System has already issued over €200 billions in free emissions permits, the European Commission is proposing hundreds of billions of euros of additional free allowances for polluting industries. Europe must scrap these pollution subsidies and make polluters pay the true price of their pollution, environmental NGOs urge EU …
Read more “EU must stop subsidising polluters with hundreds of billions in free emissions allowances, green groups demand”
