EU 2030 Climate and Energy package

Carbon Market Watch advocates for a domestic greenhouse gas reduction target of at least 55% by 2030 for Europe. The briefing argues that international offsetting is a 'major policy failure' that undermines domestic abatement and calls for the expiration of the estimated 2 billion surplus allowances and offsets accumulated up to 2020. It further recommends increasing the 'linear reduction factor' for permits in the EU ETS and implementing strict safeguards for any future linking with external carbon markets to prevent the import of substandard credits.

• Carbon Market Watch supports a domestic greenhouse gas emissions reduction target of at least 55% in Europe by 2030.
• International offsetting is described as a major policy failure because it often fails to represent additional emission reductions; for instance, up to 60% of Clean Development Mechanism (CDM) credits issued between 2013 and 2020 may not represent real reductions, and over 90% of Joint Implementation (JI) offsets to date originated from Russia and Ukraine with limited transparency.
• The use of international offsets in the EU ETS from 2008-2012 is estimated to have undermined the EU's climate goal by 840 million tonnes, assuming these offsets only achieved 40% of their claimed reductions.
• To prevent the weakening of future climate action, the approximately 2 billion surplus allowances and offsets accumulated up to 2020 must either expire after 2020 or be removed from the system under the 2030 Climate Framework.
• The EU ETS requires further reforms, including a higher annual percentage reduction in total permits (the 'linear reduction factor') and strict quality and design standards for any external carbon markets that link to the EU ETS to avoid 'double counting' and oversupply.

APA

Carbon Market Watch (2014). EU 2030 Climate and Energy package. https://carbonmarketwatch.org/wp-content/uploads/2013/04/Media-briefing_2030_final.pdf

Chicago

Carbon Market Watch. EU 2030 Climate and Energy package. 2014. https://carbonmarketwatch.org/wp-content/uploads/2013/04/Media-briefing_2030_final.pdf.

Wikipedia

{{cite report |author=Carbon Market Watch |title=EU 2030 Climate and Energy package |date=January 2014 |url=https://carbonmarketwatch.org/wp-content/uploads/2013/04/Media-briefing_2030_final.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbonmarketwatch20142030, author = {{Carbon Market Watch}}, title = {{EU 2030 Climate and Energy package}}, institution = {Carbon Market Watch}, year = {2014}, month = jan, url = {https://carbonmarketwatch.org/wp-content/uploads/2013/04/Media-briefing_2030_final.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }