Since the European Parliament’s failure to reach an agreement on the comprehensive reform of the EU Emissions Trading System, MEPs have traded recriminations. However, those claiming that the defeated compromise deal was good for the climate are being disingenuous. Our analysis reveals it would have been catastrophic had it gone through.
BRUSSELS, 15 September 2020. The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as a strong signal towards the UN shipping body that is …
Dear Member of the European Parliament, During the September plenary, you will vote on the revision of the Regulation on monitoring, reporting and verification (MRV) of shipping emissions. This could be the first-ever EU regulation that requires ships to reduce their emissions and to start paying for their carbon emissions. Climate pollution from the shipping …
Read more “Joint Letter in support of the ENVI report on the MRV revision”
BRUSSELS, 7 July 2020. European Parliament environment committee members have voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as the first step towards putting a price on …
Read more “Shipping pollution should be covered by Europe’s carbon market – EU lawmakers”
4 key takeaways from MEP Guteland’s draft EU Climate Law report The lawmaker in charge of the EU Climate Law at the European Parliament proposes that the EU adopts a 65% emission target for 2030 and carbon budgets in line with the latest scientific data. She also calls on all EU governments to endorse the …
Read more “Lead EU lawmaker’s strong call for climate action”
The EU is considering putting a price on carbon pollution from ships in the absence of movement in the international talks. While not enough to curb the sector’s soaring emissions, bringing it under Europe’s carbon market would be a big step in the right direction. Right now finding the solutions to cut greenhouse gas (GHG) …
Read more “High time the maritime sector sailed into the EU carbon market”
The current EU ETS rules have granted preferential treatment to industrial companies deemed at risk of “carbon leakage” in the form of awarding free pollution permits. The ongoing legislative process to revise the EU ETS rules for the post-2020 period provides an important opportunity to revisit the rules under which industrial sectors may be deemed at risk of carbon leakage.
Dear members of the European Parliament,
On behalf of the Chair of the CDM Executive Board, I would like to thank you for your communication of 20 May 2015, informing us of your serious concern about project 9713: Santa Rita Hydroelectric Plant. Your letter was made available to the CDM Executive Board (the Board).
I hereby inform you that project 9713” Santa Rita Hydroelectric Plant” was registered by the Board on 2 June 2014 after undergoing a review process at the request of Board members. The issues you raise in your letter were looked at during the course of this review and it was found that the proposed project activity had complied with the requirements of the CDM, including the local stakeholder consultation process. Further, the designated national authority (DNA) of Guatemala issued required letter of approval (dated 2 July 2012) confirming that the project will assist Guatemala in its efforts to achieve sustainable development. The DNA had also confirmed to the Board, in the course of the review of the project activity, that the local stakeholder consultation process was carried-out appropriately.
Dear Mr Schneider and Mr Buendia,
As a Member of the European Parliament committed to the respect of Human Rights, we are writing to you to express our serious concern about the Santa Rita Hydroelectric Plant in the Dolores River in Guatemala, which was registered under the Clean Development Mechanism (CDM) in June 2014 (project number 9713).
In a meeting in March 2015 with a representative of the local indigenous communities we learnt that many of the communities that will be impacted by the project were never consulted in accordance with the CDM local stakeholder consultation requirements. As a result, the project has been, and still is, in the center of a violent conflict between the communities and the power company implementing this project.
This week, European policymakers have provisionally agreed on a fix for the EU’s carbon market that is suffering from an oversupply of pollution permits and yielding record-low prices. While this is a great step forward, a permanent solution to tackle the glut of pollution permits is needed as part of the upcoming legislative proposal to overhaul the EU’s carbon market for the period after 2020.
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