Rethinking the role of international carbon markets in the EU's 2030 climate framework

The policy brief warns that the EU's 2030 Climate Framework must account for the poor performance of existing international carbon markets, such as the CDM and JI, to avoid undermining climate targets through low-quality offsets and price instability.

• Existing UN offsetting mechanisms, specifically the Clean Development Mechanism (CDM) and Joint Implementation (JI), have produced more than two billion offsets, most of which are considered to be of dubious quality.
• Cap-and-trade systems have experienced severe price crashes and large fluctuations due to political resistance to oversupply and inflexible designs.
• There is uncertainty regarding the quality and size of new GHG emissions trading schemes and offsetting programmes being developed under the UNFCCC’s Framework for Various Approaches (FVA) and the New Market Mechanism (NMM), with comprehensive quality integrity rules deemed unlikely.

APA

Carbon Market Watch (2013). Rethinking the role of international carbon markets in the EU's 2030 climate framework. https://carbonmarketwatch.org/publications/policy-briefing-rethinking-the-role-of-international-carbon-markets-in-the-eus-2030-climate-framework/

Chicago

Carbon Market Watch. Rethinking the role of international carbon markets in the EU's 2030 climate framework. 2013. https://carbonmarketwatch.org/publications/policy-briefing-rethinking-the-role-of-international-carbon-markets-in-the-eus-2030-climate-framework/.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Rethinking the role of international carbon markets in the EU's 2030 climate framework |date=6 November 2013 |url=https://carbonmarketwatch.org/publications/policy-briefing-rethinking-the-role-of-international-carbon-markets-in-the-eus-2030-climate-framework/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2013rethinking, author = {{Carbon Market Watch}}, title = {{Rethinking the role of international carbon markets in the EU's 2030 climate framework}}, institution = {Carbon Market Watch}, year = {2013}, month = nov, url = {https://carbonmarketwatch.org/publications/policy-briefing-rethinking-the-role-of-international-carbon-markets-in-the-eus-2030-climate-framework/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }