The EU carbon market has helped drive down carbon pollution from Europe’s power sector but has failed to do the same for heavy industries such as cement, steel and chemicals. A part of the reason is the free allocation of pollution permits, which means that the industry has little incentive to clean up its act. …
Read more “New EU ETS: time for steel, cement and chemicals to (be)come clean”
This policy paper complements the briefing “A New Hope – recommendations for the EU Emissions Trading System review” Introduction: The EU Emissions Trading System (EU ETS) has been hampered by a historical oversupply since its inception. Since 2019, some of the excess allowances are being absorbed by the Market Stability Reserve (MSR), and a portion …
Read more “How can the EU Emissions Trading System support a union-wide coal phase-out”
Executive summary The Emissions Trading System (ETS) is a centrepiece of the EU’s climate policy and its main tool to reduce greenhouse gas (GHG) emissions from Europe’s industrial and power sectors. Until today, most of the emission reductions achieved under the EU ETS were driven by the power sector due to fuel switches in the …
Read more “Survival guide to EU carbon market lobby: debunking claims from heavy industry”
Welcome to Carbon Countdown, a podcast by Carbon Market Watch covering all things carbon pricing and climate action Episode 3: How the heavy industry is profiting from the EU carbon market Carbon Market Watch · [Carbon Countdown] EPISODE 3: How the heavy industry is profiting from the EU carbon market Music: Ambient Technology by Joystock …
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This policy paper complements the briefing “A New Hope – recommendations for the EU Emissions Trading System review” Introduction: The aviation sector is responsible for nearly 4% of the EU’s total CO2 emissions, and is the second biggest contributor to transport emissions, after road transport. While in flight, planes emit CO2 and also impact the …
Read more “How can the EU Emissions Trading System drive the aviation sector’s decarbonisation?”
This report by CE Delft was commissioned by Carbon Market Watch Summary This study has calculated the additional profits that sectors and companies have made from the EU ETS between 2008 to 2019 for the fifteen most CO2-intensive sectors plus aviation in nineteen EU countries. In our study we have investigated three types of profits: …
Read more “Additional profits of sectors and firms from the EU ETS 2008-2019”
BRUSSELS, 7 June 2021 New analysis shows that the energy-intensive industry across Europe has profited up to €50 billion from 2008 to 2019 as a result of the free allocation of pollution permits under the EU Emissions Trading System (EU ETS). The findings in the report from independent environmental consultancy CE Delft highlight the need …
Read more “Europe’s industry polluters make €50 billion in carbon market windfall profits”
Executive summary Since its inception, the EU Emission Trading System (EU ETS) has been giving free allowances to most energy-intensive industries deemed at risk of carbon leakage. “Carbon leakage” refers to a hypothetical situation where companies transfer production to countries with weaker climate policies in order to lower their costs. This policy briefing interprets the …
Read more “The Phantom Leakage – Industry windfall profits from Europe’s carbon market 2008-2019”
Date and Time: 15.00-16.30 CEST, 07 June 2021 (online). Watch the recording here or on YouTube Background: The EU’s Emissions Trading System (EU ETS) is Europe’s main instrument to reduce carbon pollution from the power and industrial sectors. Over the years, it has helped to drive down the use of coal. However, when it comes …
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