EU carbon market future in doubt as lawmakers fail with reform

Carbon Market Watch argues that the European Parliament failed to strengthen the 'polluter pays principle' by rejecting a carbon border tax and free permit phase-out for the cement sector. While the Parliament decided to include shipping in the EU ETS and strengthen aviation rules, it voted to maintain a 2.2% annual emissions cap reduction rate rather than increasing it to 2.4%.

• The European Parliament rejected proposals to implement a carbon border tax on cement imports and to end the issuance of free pollution permits for the cement sector, which the author claims allows the industry to remain on an unsustainable path.
• The cement industry has reportedly generated more than €5 billion in windfall profits due to an excess of free permits, and there is no evidence of carbon leakage in the sector.
• The European Parliament voted to keep the annual reduction rate of the overall emissions cap at 2.2%, rejecting a proposal to increase it to 2.4%, though a revision to 2.4% remains possible in 2024.
• The European Parliament decided to incorporate the shipping sector into the EU ETS and implement stricter rules for the aviation sector to address their climate impacts.

APA

Amaral, K. (2017). EU carbon market future in doubt as lawmakers fail with reform. Carbon Market Watch. https://carbonmarketwatch.org/2017/02/15/press-statement-eu-carbon-market-future-in-doubt-as-lawmakers-fail-with-reform/

Chicago

Amaral, Kaisa. EU carbon market future in doubt as lawmakers fail with reform. Carbon Market Watch, 2017. https://carbonmarketwatch.org/2017/02/15/press-statement-eu-carbon-market-future-in-doubt-as-lawmakers-fail-with-reform/.

Wikipedia

{{cite press release |last1=Amaral |first1=Kaisa |title=EU carbon market future in doubt as lawmakers fail with reform |publisher=Carbon Market Watch |date=15 February 2017 |url=https://carbonmarketwatch.org/2017/02/15/press-statement-eu-carbon-market-future-in-doubt-as-lawmakers-fail-with-reform/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{amaral2017carbon, author = {Amaral, Kaisa}, title = {{EU carbon market future in doubt as lawmakers fail with reform}}, publisher = {Carbon Market Watch}, year = {2017}, month = feb, url = {https://carbonmarketwatch.org/2017/02/15/press-statement-eu-carbon-market-future-in-doubt-as-lawmakers-fail-with-reform/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }