In the past few months, carbon intensive industries have ratcheted up their efforts to convince policymakers that ‘real’ data should be used to assess how many free pollution permits to give out under the EU’s carbon market rules. Carbon Market Watch also values the use of accurate, up-to-date information in the debate on the EU Emissions Trading System (ETS) reform. We therefore checked two recent claims by the industry.
Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …
Read more “How EU’s carbon market can scale up international climate finance – Copy”
Scroll down for French and Spanish The EU can use its Emission Trading System (ETS) to provide an innovative and substantial source of international climate finance much needed in developing countries. The ongoing EU ETS revision provides a great opportunity to establish a new ETS International Climate Action Reserve, which could channel over €3 billion …
Read more “How EU’s carbon market can scale up international climate finance”
Dear Members of the European Parliament’s Development Committee, We, the undersigned, representing 60 networks and organizations from 23 countries, call on you to adopt an ambitious opinion on the revision of the European Union Emission Trading System (EU ETS), that will reflect the importance of taking into account the perspective of most vulnerable countries to …
EU environment ministers will discuss whether the proposed revisions of the EU’s carbon market are enough to bring the bloc’s flagship climate instrument in line with the Paris climate change agreement. Carbon Market Watch answers key questions to help ministers come up with an appropriate response.
– European Union policy – meant to curb pollution – currently gives away more in pollution payouts than for innovation support – Split in industry opinion adds momentum for urgent overhaul of crucial policy currently not “fit for purpose” Brussels 25 May 2016 – New analysis shows that energy intensive industries are able to reduce …
The EU has a long-term climate objective of achieving economy-wide emission reductions of 80-95% by 2050 to avoid dangerous climate change. It is often argued that such deep emission reductions are technically impossible or that they would harm the economy and create unemployment.
In the spring of 2016, Carbon Market Watch therefore asked the Institute for European Studies to look at the feasibility of such emission cuts by 2050 in three of the most important manufacturing sectors in Europe: chemicals, steel and cement. The main findings of the report “The Final Frontier – Decarbonising Europe’s energy intensive industries” are summarised in this briefing.
In April the Court of Justice of the European Union ruled against a case by carbon-intensive industries that had sought additional free pollution permits from the EU’s Emissions Trading System (ETS). The Court’s declaration backfired on the companies, when it ruled that the allocation of free permits had in fact been too generous, giving the Commission 10 months to recalculate the amount of free permits for the period up to 2020.
WATCH WEBSTREAMING HERE Wednesday 25th May 16:30 – 19:00 European Parliament – Room A5E2 With presentations from: Tomas Wyns, VUB “Decarbonising Europe’s Energy Intensive Industries: The Final Frontier” Donal O’Riain, Founder of Ecocem (watch the webstream for presentation) Martin Pei, Chief Technical Officer for SSAB “HYBRIT – A Swedish prefeasibility study project for hydrogen based …
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