Editorial Earlier this month, six EU countries discussed the possibility of introducing a minimum price on pollution. A carbon floor price in Northern and Western Europe could accelerate the shift away from coal and create a tipping point for the phase-out of fossil fuels in other sectors and jurisdictions. An initiative by the Dutch environmental organisation WISE aims to …
Carbonkiller is an initiative by the Dutch environmental organisation WISE that allows anyone to buy and destroy emission permits from the massively oversupplied European carbon market with the aim to raise the price and to increase public engagement in one of Europe’s key climate tools. The EU’s Emissions Trading System (EU ETS) is Europe’s key …
EU has agreed on its carbon market rules for the 2021-2030 period, but carbon prices will remain below levels required to achieve the Paris climate goals. Meaningful and rising carbon floor prices either at the national or regional level would speed up pollution cuts by incentivising low carbon investments and making coal financially unattractive. This …
Read more “Floor prices are necessary to support weak EU carbon market”
Executive summary In autumn 2017, the EU Member States and the European Parliament agreed on the revision of the EU Emissions Trading System (EU ETS), setting out the scheme’s rules for the 2021-2030 period. The EU ETS aims to put a price on carbon by requiring installations across Europe to surrender allowances reflecting their level …
Read more “Beyond the EU ETS: Strengthening Europe’s carbon market through national action”
After six years of negotiations, the European Union and Switzerland have signed an agreement to link their carbon markets. This means that Swiss industries will be able to use European emission allowances and vice versa. The deal is significant in its symbolic nature as it is the first time that two Parties to the Paris …
Read more “Swiss-European carbon market link: An omen for future ties?”
The assessment of the carbon leakage list for the post-2020 period will need to be informed by the performance of the carbon leakage provisions to date. So far, the excessively generous handout of free permits has resulted in over 25 billion euros windfall profits (e.g. the polluter has been paid, rather than having been made …
Read more “Response to impact assessment of the carbon leakage list for the period 2021-2030”
BRUSSELS 9 November 2017. Today, the European Parliament, the EU Member States and the Commission reached a provisional agreement on the reform of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. The deal falls far short of meeting the Paris climate goals, pointing to the need for additional action at national and …
Stop the ETS funding coal, Start a meaningful carbon price This Agreement […] aims to […] making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. Paris Agreement, Article 2(1)c We, the undersigned, urgently appeal to Representatives of European Parliament, Council and the European Commission to ensure that European power …
Read more “Joint NGO statement: Being serious about the Paris Agreement”
This week, the UN climate talks continue in Bonn on how to implement the landmark Paris climate change Agreement. At the same time in Brussels, the EU’s Emissions Trading System (EU ETS) revision is drawing to an end. The biggest carbon market in the world, the EU ETS should lead by example, promoting a just …
Read more “Will Europe’s key climate tool become a fossil fuel subsidy scheme?”
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