EU leaders broker climate deal at expense of climate integrity and tax payers

Carbon Market Watch criticizes EU leaders for adopting a 2030 climate deal that it argues weakens emission reductions to 31% due to excess permits and provides up to €300 billion in subsidies to industry. Separately, the organization highlights human rights abuses and lack of consultation affecting indigenous communities in Guatemala associated with the UN-registered Santa Rita hydroelectric project.

• The EU's binding greenhouse gas reduction target of at least 40% by 2030 is undermined by over 2.6 billion excess emission permits, which Carbon Market Watch claims effectively reduces the real-world target to 31%.
• EU leaders established a binding renewable energy target of at least 27% and an indicative energy efficiency target of at least 27% for 2030.
• The 2030 climate target prohibits international carbon offsets from developing countries, replacing them with intra-EU trading options: domestic offsetting between Member States in non-ETS sectors (transport, buildings, agriculture, and waste) and offsetting non-ETS reductions with EU ETS allowances.
• The continued free allocation of pollution permits to industry, potentially including indirect costs, could result in subsidies between €190 billion and €300 billion from 2021 to 2030, based on an average carbon price of €30 per tonne.

APA

CMW (2014). EU leaders broker climate deal at expense of climate integrity and tax payers. Carbon Market Watch. https://carbonmarketwatch.org/2014/10/24/media-statement-eu-leaders-broker-climate-deal-at-expense-of-climate-integrity-and-tax-payers/

Chicago

CMW. EU leaders broker climate deal at expense of climate integrity and tax payers. Carbon Market Watch, 2014. https://carbonmarketwatch.org/2014/10/24/media-statement-eu-leaders-broker-climate-deal-at-expense-of-climate-integrity-and-tax-payers/.

Wikipedia

{{cite press release |last1=CMW |title=EU leaders broker climate deal at expense of climate integrity and tax payers |publisher=Carbon Market Watch |date=24 October 2014 |url=https://carbonmarketwatch.org/2014/10/24/media-statement-eu-leaders-broker-climate-deal-at-expense-of-climate-integrity-and-tax-payers/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cmw2014leaders, author = {CMW}, title = {{EU leaders broker climate deal at expense of climate integrity and tax payers}}, publisher = {Carbon Market Watch}, year = {2014}, month = oct, url = {https://carbonmarketwatch.org/2014/10/24/media-statement-eu-leaders-broker-climate-deal-at-expense-of-climate-integrity-and-tax-payers/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }