Carbon Market Watch agenda Autumn 2020

The document details Carbon Market Watch's efforts to ensure a 'green recovery' following the COVID-19 pandemic, specifically by countering corporate lobbying and pushing for more ambitious EU climate targets. It critiques the lack of progress in global carbon market rules (Article 6) and the perceived irrelevance of the CORSIA aviation scheme. The briefing advocates for expanding the EU Emissions Trading System (EU ETS) to include international shipping and phasing out free pollution permits for heavy industry. It also assesses the inadequacy of national energy and climate plans in several EU member states and warns against the misuse of carbon dioxide removal (CDR) technologies as a substitute for emission cuts.

• Carbon Market Watch argues that the COVID-19 pandemic recovery must be a 'green recovery' and that policy-makers must resist industry pressure to weaken climate legislation, such as seeking exemptions under EU carbon market rules.
• The document notes a lack of agreement on rules for global carbon markets under Article 6 of the Paris Agreement, warning that the use of old credits from the Clean Development Mechanism (CDM) would weaken national climate pledges.
• The global aviation carbon market CORSIA is described as lacking credibility, with a baseline change requested by IATA effectively postponing the scheme's start until at least 2024.
• The European Commission proposed increasing the EU's 2030 climate target to at least 55%, but Carbon Market Watch notes this includes carbon sinks, which could result in actual emission cuts of only 50.5-52.8%.
• Carbon Market Watch opposes extending the EU ETS to road transport and buildings, arguing it would not significantly reduce pollution due to minimal price impact and could undermine more effective legislation like CO2 standards for cars.
• The briefing asserts that Europe's heavy industry is the third largest climate polluter and that the EU Industrial Strategy lacks the policy and financial details necessary to achieve decarbonisation.
• The document advocates for the EU to lead in pricing pollution from international shipping to pressure the IMO, which it claims has postponed concrete measures and is not considering pathways aligned with the Paris Agreement.
• Analysis of national energy and climate plans for Spain, Italy, Hungary, Poland, and Romania indicates a lack of ambition; for instance, Poland expects coal to provide 56-60% of its electricity by 2030.
• While carbon dioxide removal (CDR) is necessary for the 1.5C goal, the document warns that it must not be used by fossil fuel producers to avoid phasing out fossil fuels or to distract from urgent emission reductions.

APA

Carbon Market Watch (2020). Carbon Market Watch agenda Autumn 2020. https://carbonmarketwatch.org/wp-content/uploads/2020/10/Carbon-Market-Watch-agenda-Autumn-2020.pdf

Chicago

Carbon Market Watch. Carbon Market Watch agenda Autumn 2020. 2020. https://carbonmarketwatch.org/wp-content/uploads/2020/10/Carbon-Market-Watch-agenda-Autumn-2020.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=Carbon Market Watch agenda Autumn 2020 |date=2020 |url=https://carbonmarketwatch.org/wp-content/uploads/2020/10/Carbon-Market-Watch-agenda-Autumn-2020.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch2020carbon, author = {{Carbon Market Watch}}, title = {{Carbon Market Watch agenda Autumn 2020}}, institution = {Carbon Market Watch}, year = {2020}, url = {https://carbonmarketwatch.org/wp-content/uploads/2020/10/Carbon-Market-Watch-agenda-Autumn-2020.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }