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 …
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 …
Sent to EU environment ministers ahead of the Environment Council meeting of 20 December 2021, this joint letter demands that EU member states end the damaging practice of issuing free permits to energy-intensive industries under the Emissions Trading System (ETS). The signatories to the letter are partners in Life ETX, a project led by Carbon …
Read more “Letter to Envi Council: Stop subsidising polluters through the ETS”
This first ‘ETS Talk’ explores how the EU ETS can continue supporting deep emission reductions in the power sector and further contribute to the clean energy transition. It will also discuss how the ETS revenues can be used to decarbonise the EU economy.
Brussels, 14 July 2021 – The European Commission’s proposals to improve the EU Emissions Trading System (ETS) and establish a Carbon Border Adjustment Mechanism (CBAM) are not in line with the Paris Agreement and Europe’s historic responsibility to cut emissions. The legislation initiative keeps neglecting the “polluter pays” principle of the EU Treaties and continues …
Read more “European carbon market does not move with the climate urgency of our times”
Forestry offsets allow Colombian fossil fuel companies to dodge taxes Colombia has a carbon tax in place, but companies are allowed to buy offsets to avoid paying the tax. Our new investigation finds that two large-scale Amazonian forestry projects have sold carbon credits for way more emission reductions than they have actually achieved. Such “hot …
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