The report calls for a phased reduction in international credit use within K-ETS, increased focus on domestic emission reductions, and alignment with best practices from systems like the EU ETS. Strengthening the environmental integrity of K-ETS is essential to achieving South Korea’s climate goals and ensuring the global credibility of the country’s climate action by putting in place and implementing robust and effective policies.
A new report reveals that cookstove carbon projects eligible for the Korean Emissions Trading System are at risk of issuing 18 times more credits than they should, echoing past EU carbon market mistakes
Signatories believe that to better prepare member states for the implementation of ETS2, early access must be granted to revenue before the system begins in 2027.
The European Commission’s Clean Industrial Deal and Omnibus package supports big polluters while the EU’s climate goals are missing in action
Carbon Market Watch presents a unique, first-of-its-kind report pairing EU ETS account holders (and their installations) to their parent companies, assessing the highest level of private ownership possible. This report presents an overview of which companies have the biggest carbon footprint in the EU, who received the most free pollution permits, and which sectors are not delivering on their decarbonisation promises.
This event discusses the impact of the EU ETS2 – the EU’s new emissions trading scheme that applies carbon pricing to buildings and road transport – on citizens and households, raising questions about fairness and revenue distribution.
To facilitate a transatlantic exchange of views, Carbon Market Watch brought together experts from the USA, the UK, Germany and the EU to track progress towards implementing separate climate targets and carbon removals policies. Carbon Market Watch recently organised a webinar aimed at delving deeper into how key trailblazing countries, states and regions on both …
A small number of politicians are pushing to reverse course on the Emissions Trading System for road transport and buildings (ETS2). However, such a u-turn would fuel the climate crisis and cost European society and the economy dearly. Member states have all the tools to roll out ETS2 fairly and effectively but they need to act now.
The aviation industry is championing offsetting, carbon removals and other technical quick fixes to help it fly under the radar of climate action and avoid actual emissions reductions.
During the course of the new European Commission mandate, Member States are expected to raise more than 200billion in EU ETS revenues. Industry groups and governments are claiming these revenues to cover for their own costs, fill financial gaps, with little consideration to system needs and the principles guiding the ETS Directive. These revenues need …
Read more “Joint letter – EU ETS revenues from polluters to the people”
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