Joint NGO statement

A joint statement from NGOs urging the Economic and Financial Affairs Council (ECOFIN) to implement the Carbon Border Adjustment Mechanism (CBAM) as a direct alternative to EU ETS free allowances and indirect cost compensation to maintain decarbonisation incentives.

• The NGOs argue that discussing and agreeing upon the Carbon Border Adjustment Mechanism (CBAM) in isolation from the EU Emission Trading System (ETS) Directive risks undermining the decarbonisation incentives and the overall ambition of the Fit for 55 package, specifically the target of at least 55% net emissions reduction.
• The statement demands that CBAM be implemented as a replacement for current carbon leakage protections, such as free pollution permits and indirect cost compensation, which the authors describe as wasteful and a hindrance to the business case for greenhouse gas reductions.
• Phasing out free allowances is presented as a way to uphold the polluter pays principle and strengthen the legal standing of CBAM under the World Trade Organization (WTO) as a non-discriminatory environmental measure.

APA

Carbon Market Watch (n.d.). Joint NGO statement. https://carbonmarketwatch.org/wp-content/uploads/2022/03/NGO-statement-on-CBAM-for-ECOFIN-meeting_March-2022-1.pdf

Chicago

Carbon Market Watch. Joint NGO statement. n.d. https://carbonmarketwatch.org/wp-content/uploads/2022/03/NGO-statement-on-CBAM-for-ECOFIN-meeting_March-2022-1.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Joint NGO statement |url=https://carbonmarketwatch.org/wp-content/uploads/2022/03/NGO-statement-on-CBAM-for-ECOFIN-meeting_March-2022-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatchndjoint, author = {{Carbon Market Watch}}, title = {{Joint NGO statement}}, publisher = {Carbon Market Watch}, url = {https://carbonmarketwatch.org/wp-content/uploads/2022/03/NGO-statement-on-CBAM-for-ECOFIN-meeting_March-2022-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }