Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS

The letter calls for the EU ETS revision to align with the 1.5 degree goal of the Paris Agreement, establish a mechanism to direct revenues toward international climate finance, and correct the assumption that biomass burning is carbon neutral.

• The signatories argue that the European Commission's proposal for the EU ETS revision does not align with the 1.5 degree goal of the Paris climate agreement and call for amendments to strengthen climate ambition, limit free allocation to industry, and allow for further ambition increases after five years.
• The document proposes that the EU ETS revision should create a mechanism to direct a portion of its revenues toward international climate finance, potentially through an International Climate Action Fund, the Green Climate Fund, or other multilateral partners.
• The authors state that the EU ETS incorrectly treats biomass burning as carbon neutral due to incomplete land-use accounting and a lack of sustainability criteria, which they claim threatens forests and forest-dependent people globally.

APA

Carbon Market Watch (2016). Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS. https://carbonmarketwatch.org/wp-content/uploads/2016/06/Open-Letter_DEVE_EUETS_FINAL_English.pdf

Chicago

Carbon Market Watch. Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS. 2016. https://carbonmarketwatch.org/wp-content/uploads/2016/06/Open-Letter_DEVE_EUETS_FINAL_English.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS |date=June 2016 |url=https://carbonmarketwatch.org/wp-content/uploads/2016/06/Open-Letter_DEVE_EUETS_FINAL_English.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2016open, author = {{Carbon Market Watch}}, title = {{Open letter to Members of the Development Committee of the European Parliament on the revision of the EU ETS}}, publisher = {Carbon Market Watch}, year = {2016}, month = jun, url = {https://carbonmarketwatch.org/wp-content/uploads/2016/06/Open-Letter_DEVE_EUETS_FINAL_English.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }