Europe is the fastest-warming continent on the planet, yet while citizens are suffering from heatwaves and the forests around them burn in catastrophic wildfires, the European Commission has proposed to weaken its flagship climate policy by allowing polluters to offset a quarter of a billion tonnes of CO2e with risky carbon credits – wasting billions …
Read more “Why integrating carbon credits into the ETS sabotages the EU’s climate ambition”
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
