An industrial deal, but not a clean deal
The European Commission’s Clean Industrial Deal and Omnibus package supports big polluters while the EU’s climate goals are missing in action
EU carbon market pays polluters instead of financing clean industrial revolution, says new report
Heavy industries covered by the EU Emissions Trading System (ETS) received most of their pollution permits for free, effectively subsidising Europe’s dirtiest businesses, a new report by Carbon Market Watch and WWF reveals. This wasteful and inefficient policy cost society €40 billion.
EU scientific body’s call for separate binding climate targets aligns with civil society
In its freshly published report on scaling up carbon dioxide removals in the EU, the European Scientific Advisory Board on Climate Change (ESABCC), established by the EU Climate Law, makes setting separate climate targets its number one recommendation. This aligns with what Carbon Market Watch and other stakeholders have been advocating.
Stop the steel: Despite hefty subsidies, ArcelorMittal backpedals on decarbonisation
After receiving billions in state aid and free pollution subsidies to decarbonise its production, steel producer ArcerlorMittal put its clean steel projects on hold.
EU ETS vs CORSIA: Which better navigates the turbulence of the climate crisis?
Carbon Market Watch commissioned environmental consultants Ricardo to produce a study comparing the functioning of the EU ETS and CORSIA, and their respective climate ambitions. In this policy briefing, we present the study’s main findings and formulate policy recommendations.
Project for fair and EFFECTive EU carbon trading policies officially springs into Life
Carbon Market Watch is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition.
Competitive, but at what cost?
There is an increasing need for both public and private expenditure, and an availability of growing ETS revenues. Those delivering the most climate action must be rewarded.
EU governments miss crucial deadline to pass new Emissions Trading System into national legislation
All but one European Union member state have fallen foul of the date to enter the new Emissions Trading System for road transport and buildings (ETS2) in the national law books. This delay sends completely the wrong signal, argues Eleanor Scott.
Heavy industry must not swallow up Flemish Climate Fund
Heavily polluting industries are on course to receive the lion’s share of Emissions Trading System (EU ETS) revenue earmarked for Flanders between now and 2030, depriving the government of desperately needed resources to finance decarbonisation and a just transition. The Flemish government must change course
