Consultation to the EU Commission: How to reconcile the Global Market Based Mechanism with the EU Emissions Trading System

Carbon Market Watch argues that the EU ETS should restart in full scope in 2017 and that the ICAO's GMBM must be a legally binding floor for ambition rather than a ceiling. The organization advocates for the elimination of free allowances for aviation, the use of a multiplier of at least two for CO2 emissions to account for non-CO2 climate impacts, and the earmarking of auctioning revenues for the Green Climate Fund.

• The ICAO's Global Market Based Mechanism (GMBM) should be a legally binding agreement starting in 2021, treating the Carbon Neutral Growth 2020 (CNG2020) goal as an insufficient starting point that must be ratcheted up every three years to meet the 1.5ºC goal.
• Aviation emissions should be subject to a multiplier of at least two because the total climate impact of the sector is estimated to be 2-5 times higher than its CO2 emissions alone.
• The EU ETS should have restarted in full scope in 2017 as per Regulation 421/2014, and from 2021 it should cover all intra-EU flights and 50% of all inbound and outbound international flights.
• The aviation sector should receive no free ETS allowances from 2017 onwards, and all resulting auctioning revenues should be directed to the Green Climate Fund.
• The proposed 2030 ETS target of 43% below 2005 levels is insufficient and needs to be raised significantly to align with the Paris Agreement.

APA

Carbon Market Watch (n.d.). Consultation to the EU Commission: How to reconcile the Global Market Based Mechanism with the EU Emissions Trading System. https://carbonmarketwatch.org/wp-content/uploads/2016/05/CMW-input-to-EUETS-consultation-on-aviation.-web-final-pdf.pdf

Chicago

Carbon Market Watch. Consultation to the EU Commission: How to reconcile the Global Market Based Mechanism with the EU Emissions Trading System. n.d. https://carbonmarketwatch.org/wp-content/uploads/2016/05/CMW-input-to-EUETS-consultation-on-aviation.-web-final-pdf.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Consultation to the EU Commission: How to reconcile the Global Market Based Mechanism with the EU Emissions Trading System |url=https://carbonmarketwatch.org/wp-content/uploads/2016/05/CMW-input-to-EUETS-consultation-on-aviation.-web-final-pdf.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatchndconsultation, author = {{Carbon Market Watch}}, title = {{Consultation to the EU Commission: How to reconcile the Global Market Based Mechanism with the EU Emissions Trading System}}, publisher = {Carbon Market Watch}, url = {https://carbonmarketwatch.org/wp-content/uploads/2016/05/CMW-input-to-EUETS-consultation-on-aviation.-web-final-pdf.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }