After receiving billions in state aid and free pollution subsidies to decarbonise its production, steel producer ArcerlorMittal put its clean steel projects on hold.
No airline has yet been obliged to use a single carbon credit under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). And when they will, CMW research reveals the European Union’s Emissions Trading System (EU ETS) imposes a carbon price on aviation emissions that is 25 times higher.
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.
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.
Reducing emissions must remain the priority for policymakers, and should not be conflated with safeguarding natural carbon sinks or the sustainable usage of permanent removals. Carbon removals policy expert Fabiola De Simone explains.
This briefing in collaboration with NGO allies outlines the guiding principles necessary for a truly just Social 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
Carbon Market Watch gives specific feedback to rules considering a Monitoring, Reporting, and Verification (MRV) system for non-CO2 aviation effects, and deplores the serious weakening of the commitments compared to earlier rules.
Our latest FAQ has the answers to everything you always wanted to know about the EU Emissions Trading System revenues
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