Carbon Market Watch

📽 CMW's multi-talented Sabine B Frank features in our debut Instagram video. 🔍 Spoiler alert: Contains binoculars Watch on Instagram and give us some ❤️ https://lnkd.in/e2yHfjnf

European Commissioner-designate for Sustainable Transport and Tourism Apostolos Tzitzikostas has prepared for his hearing on Monday 4 November by providing written responses to questions from members of the European Parliament’s transport and environment committees on key issues including decarbonisation of the transport sector and the implementation of the ‘Fit for 55’ package at the national level for aviation, shipping and road transport✍️ It is welcome news that Tzitzikostas has declared that he will prioritise cooperation with the Commissioner for Climate, Net Zero and Clean Growth, as decarbonisation must be at the heart of his mandate👍 However, crucially the Commissioner-designate omitted to identify the role of the EU ETS towards achieving overarching aims, not once mentioning carbon pricing despite its central role in EU climate policy👎 A Sustainable Transport Investment Plan could help bridge the investment gap in sustainable transport infrastructure and fuels. Yet, Tzitzikostas misses the opportunity to state that recent, and potential future, extensions of the EU ETS could generate hundreds of billions in revenue to support that investment plan💶🤦♀️ Mr Tzitzikostas highlights the need to combat transport poverty through the Social Climate Plans and by facilitating provision of affordable and sustainable transport options. However, there is a lack of acknowledgement of the important role that complementary measures such as the phase out of internal combustion engines and expanded railway infrastructure will have towards reducing the future ETS2 price for citizens, lowering CO2 emissions and growing public support for the ETS2🚂📈 While it is assumed that decarbonisation of aviation and maritime industries could be a major focus throughout the next five years, the Commissioner-designate does not provide sufficient detail or indicate policy proposals to ensure the EU can put both sectors back on track to achieve climate targets and carbon neutrality. A clear shift rather than continuity is needed✈️🚢 Although final International Maritime Organisation negotiations in 2025 will determine an agreement on measures to abate the sector’s emissions, he fails to mention further measures that could be taken at international and EU level to incentivise shipping companies to tap into the significant potential for energy efficiency gains. He also does not detail how he would attempt to bring CORSIA in line with 2050 climate neutrality pledge and with the Paris agreement objectives 🌍 Mr Tzitzikostas also failed to address transport inequalities and scandalous - yet untaxed - emissions from superyachts and private jets. He does not consider the gross inequality of transport emissions shared across social classes, most notably in aviation, where 1% of the population is responsible for 50% of the sector’s CO2 emissions✊

European Commissioner-designate for Agriculture and Food Christophe Hansen has set the scene for his hearing next month in written responses to European Parliament members✍️ While talking a good game about how the Common Agricultural Policy can be reworked to deliver for farmers and the climate, Hansen’s answers point towards an over-reliance on market-based solutions💱 To be credible, carbon farming schemes must have robust monitoring, reporting and verification methods🗒️ Additionally, potential credits must not be used for offsetting purposes ⛔ Indeed, science tells us that greenhouse gas fluxes and carbon stocks in soils are notoriously difficult to measure, monitor and verify. Moreover, stored carbon is vulnerable to intentional or accidental reversals👩🔬 Such an approach excessively focuses on carbon, despite biodiversity and ecosystem services being under severe threat😵 Overall, this undermines the certainty and environmental integrity needed for a carbon market to be trustworthy🤝 To achieve the right balance between the needs of farmers and climate demands, Carbon Market Watch proposes supporting activity-based finance for activities that help restore our soils as opposed to the results-based finance promoted in any crediting regime👍 Check out this video to learn more📽️ https://lnkd.in/eYJzcdT8

The CO2ol Down coalition welcomes new signatories to endorse the results of our co-creation process to revise the EU Climate Law and to design policy recommendations on dedicated EU instruments for permanent removals. These proposals were drafted by a coalition of stakeholders with deep expertise in carbon removals who recognise the importance of a thoughtful approach to this topic. To learn more about the CO2ol Down project, to check out our results and to join the movement visit this link: https://lnkd.in/e_KuHHP4

✍️ ENDORSE OUR PROPOSALS TO CLARIFY THE ROLE OF CARBON REMOVALS TOWARDS EU CLIMATE TARGETS 📢 The CO2ol Down project has leveraged the expertise and perspectives of a diverse range of stakeholders to co-create EU-centred policy solutions for governing carbon removals in a way that is compatible with climate and biodiversity ambitions At this link you can check our proposal for a revision of the EU Climate Law, a set of policy recommendations on dedicated EU instruments for permanent removals and a form to add your support and endorsement We look forward to hearing from you: https://lnkd.in/eiFFDUFA 

Look what the CO2ol kids did! Over the past few months, representatives from academia, civil society and business have been involved in an ambitious project to improve the European Union's current approach to carbon removals The coalition met three times during three full-day workshops, and a core group reunited in between to streamline the results into concrete policy documents In this video, CO2ol Down participants talk about the collaborative policy design process they were engaged in, sharing their impressions and expectations for the project’s outcome https://lnkd.in/ddHermGv

Ξεκινάει ένα νέο έργο, το 𝐋𝐈𝐅𝐄 𝐄𝐟𝐟𝐞𝐜𝐭! 🌟 Πιθανόν έχετε ακούσει για το Σύστημα Εμπορίας Δικαιωμάτων Εκπομπών – κοινώς γνωστό και ως Χρηματιστήριο Ρύπων – χάρη στο οποίο τα τελευταία 20 περίπου χρόνια έχουν μειωθεί δραματικά οι εκπομπές αερίων θερμοκηπίου από την ⚡ ηλεκτροπαραγωγή σε όλη την Ευρώπη. Το 2027, θα έρθει ένα νέο ΣΕΔΕ που θα αυξήσει το κόστος της χρήσης ορυκτών καυσίμων στα κτίρια και τις οδικές μεταφορές. 🏘️🚗Παράλληλα, θα δημιουργηθεί ένα Κοινωνικό Ταμείο για το Κλίμα ώστε να αμβλυνθούν οι επιπτώσεις από αυτές τις αλλαγές, ειδικά για τα πιο ευάλωτα νοικοκυριά. Οι εξελίξεις τρέχουν και θέλουμε να είμαστε έτοιμοι/ες! 👊 Με συντονιστή το Carbon Market Watch και 8 εταίρους, μεταξύ των οποίων και το Green Tank, θα εργαστούμε για την υιοθέτηση ενός κοινωνικά δίκαιου μίγματος μέτρων πολιτικής, καθώς και για την ενδυνάμωση της κοινωνίας των πολιτών και φορέων σχετικά με το ΣΕΔΕ-2 και το Κοινωνικό Ταμείο για το Κλίμα. 📷 Η φωτογραφία από την πρώτη συνάντηση στις Βρυξέλλες! Μείνετε συντονισμένοι/ες. // Ιn Brussels for the kick-off of 𝐋𝐈𝐅𝐄 𝐄𝐟𝐟𝐞𝐜𝐭! 🌟 You probably have heard of the European Emissions Trading System. Τhanks to the ETS, in the last ~20 years greenhouse gas emissions from the ⚡electricity production sector have been reduced dramatically in Europe. In 2027, a new ETS that will increase the cost of using fossil fuels in buildings and transport will be introduced. 🏘️🚗 Along with it, a Social Climate Fund will be created to mitigate the impact of these changes, especially for vulnerable households. We want to be ready! 👊 The Life Effect project, coordinated by Carbon Market Watch and implemented by 8 more partners, including The Green Tank, aims to work for the adoption of a socially equitable mix of policy measures & the empowerment of civil society and stakeholders on ETS-2 and the Social Climate Fund. 📷Here is a photo from our first meeting! Stay tuned! European Environmental Bureau | Germanwatch e.V. | ZERO - ASSOCIAÇÃO SISTEMA TERRESTRE SUSTENTÁVEL | Polska Zielona Sieć | AMO - Association for International Affairs | ECCO think tank | Bond Beter Leefmilieu

The EU needs a clear and comprehensive strategy that is mindful of the risks, challenges and opportunities of permanent removals. The CO2ol Down coalition of leading figures from academia, civil society and business organisations collaborated to draft the building blocks of any carbon removal policy in the EU. Here are our recommendations: https://lnkd.in/efnbJ9sS

The EU must align its energy taxation policy with its climate targets. To foster decarbonisation in aviation and shipping requires the reform of the Energy Taxation Directive. The renewed exemption for maritime and aviation fuels in the latest draft of the directive is totally disconnected from the EU's climate goals. Moreover, these exemptions undermine social justice because 1% of flyers generate 50% of aviation's pollution worldwide. This also represents a missed opportunity to generate some desperately needed revenue for sustainable transportation and other forms of climate action. For example, failing to tax jet fuel on all departing flights from Europe led to a shortfall of €10.7 billion for EU-27 governments in 2022.

🏆 Champ.