Launched during a summer of fossil-fuelled climate breakdown marked by heatwaves and wildfires, the European Commission’s carbon market revision backtracks on climate action. The new proposal actively weakens the effectiveness of Europe’s flagship climate policy, and risks undermining the achievement of the EU’s 2040 and 2050 climate targets.
EU policymakers should not fall for this trap: the ETS is essential for EU companies planning to invest in a cleaner industrial future.
To sate their voracious appetite for greenwashing offsets, major fossil fuel companies have invested considerable resources and effort to lobby, both directly and indirectly, to weaken carbon market federal regulations in the United States and state regulations in California, concludes a new Carbon Market Watch investigation.
Turkey is advancing the development of a national Emissions Trading System (ETS) as part of its broader climate commitments under the Paris Agreement, at a time when carbon pricing is expanding globally, and the EU Carbon Border Adjustment Mechanism (CBAM) is set to impose a carbon cost on exports to the EU from 2026. As a major trading partner of the EU, the effectiveness of the Turkish ETS will be critical not only for reducing emissions but also shielding Turkish industry from CBAM costs and strengthening Turkey’s position in a decarbonising global economy.
Carbon Market Watch’s 10-point plan to keep the EU Emissions Trading System on track to serve the climate and society.
Read Carbon Market Watch’s 10 point plan designed to make sure lawmakers keep this most crucial EU climate policy on track
7 May 2026 | 11:00-12:00 CET | Online Join Climact and Carbon Market Watch for a deep dive into the future of the EU ETS. With the EU having committed to cutting net greenhouse gas emissions by 90% by 2040, and a scheduled update of the EU ETS and the Market Stability Reserve (MSR) set …
Expanding the EU ETS to all departing EEA flights, including those operated by US airlines, is crucial to generate much needed revenue and spark aviation’s green transition.
In this joint letter to the European Commission, Carbon Market Watch and allied NGOs demand that the EU executive refrain from meddling with the Market Stability Reserve, which underpins the EU’s Emissions Trading System and safeguards the carbon price by soaking up excess liquidity in the market.
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