On 14 February 2017, the plenary of the European Parliament will vote on the revision of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. Members will vote on the report of the environment committee (ENVI) which was adopted in December 2016. A key element of the compromise reached between all major political groups in ENVI is the introduction of a mechanism that requires importers of cement and clinker to also pay for their pollution, while ensuring that carbon costs are reflected in material prices.
Reports & Studies
This guide aims to build knowledge and understanding of the EU’s Effort Sharing Regulation for civil society organizations who have little or no prior experience with EU climate policies. It provides introductory knowledge on how the EU ETS is designed and how it functions. Increased awareness should ultimately empower civil society to get involved in the ETS process.
Nationally Appropriate Mitigation Actions (NAMAs) have proven to be a good exercise that paved the way to national level mitigation and a move from project to sectoral based mitigation. Their evolution has developed one of the most valuable tools that developing countries have to pursue their national commitments towards limiting global warming to 2C in […]
Test your knowledge on the EU Emission Trading System (EU ETS) by playing our short quiz! EU Emissions Trading System Quiz Test your knowledge on the EU Emission Trading System (EU ETS) by playing our short quiz! Answers available in Carbon Market Watch’s new report on “Industry windfall profits from Europe’s carbon market 2008-2015′ and […]
The cement sector is responsible for 5% of global greenhouse gas emissions. In Europe, the sector emits more greenhouse gases than the whole Belgian economyi. In light of the Paris Agreement objectives, the cement industry will need to achieve deep emission reductions in the coming years. The EU’s main instrument to decarbonise cement – the EU ETS – has however failed to deliver this so far: By subsidizing pollution, there has hardly been a sufficient economic incentive to leverage emission cuts in the cement sector.
This report interprets the findings of an updated CE Delft study that shows how energy-intensive companies in 20 European countries have massively profited from their pollution because they are deemed at risk of “carbon leakage”. “Carbon leakage” refers to the hypothetical situation where companies transfer production to countries with weaker climate policies in order to lower their costs. Under the current EU Emissions Trading System (EU ETS) rules, industrial companies that are believed to be at risk of “carbon leakage” are awarded free emission allowances.
The Paris Agreement represents a new era for international climate action, including for international carbon markets. Humans have emitted so much into the atmosphere that even if compensated, very little can still be emitted to limit serious consequences of climate change. 2°C of warming would have very negative effects, which is why it is important to swiftly work towards the Paris goal of the 1.5°C limit. If carbon markets are to help work towards this goal, they must work to rapidly increase ambition and guarantee high environmental integrity.
This guide, available in both English and Polish, aims to build knowledge and understanding of the Europe’s carbon market for civil society organizations who have little or no prior experience with EU climate policies. It provides introductory knowledge on how the EU ETS is designed and how it functions. Increased awareness should ultimately empower civil […]
Efforts to address the rapid growth of emissions from air travel have been under discussion for years within the United Nations’ aviation body – the International Civil Aviation Organization (ICAO). In 2013, ICAO agreed on a goal of limiting international aviation’s net emissions growth to 2020 levels (estimated at roughly 700 million tonnes CO2 per year in 20201 ), via a mix of efficiency measures, biofuel use, technology and operational improvements including a CO2 standard, and a global market-based measure (GMBM). In other words, the industry’s growth from 2020 onward should be “neutral” in terms of net CO2 emissions.
Executive Summary On October 6th, Member States of the International Civil Aviation Organisation (ICAO) agreed on an offsetting scheme to compensate for emissions growth from 2020 levels. The new scheme, called the Carbon Offset and Reduction Scheme for International Aviation (CORSIA), falls short of achieving the goal of carbon neutral growth in 2020 (CNG2020), let […]