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Fact vs Fiction: Industrial Carbon Pricing and Canadian Oil and Gas
The author refutes industry claims that industrial carbon pricing is unaffordable or harmful to competitiveness, noting that the cost for Alberta's oil sands producers would be less than 50 cents a barrel by 2030. The text highlights that carbon pricing is increasing globally, covering nearly 30 per cent of global GHG emissions, and is necessary to avoid carbon border tariffs from jurisdictions like the EU. It concludes that a strong industrial carbon market in Alberta is critical for Canada to reach net zero by 2050.
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Document type: Statement
Réalités et fictions : la tarification du carbone industriel dans le secteur pétrolier et gazier canadien
The author refutes industry claims that industrial carbon pricing is unaffordable or detrimental to competitiveness, noting that the cost for Alberta oil sands producers would be less than 50 cents per barrel by 2030. Analysis of 17 years of provincial trade data shows no statistically significant contraction in exports linked to carbon pricing. The text highlights that global carbon pricing coverage has increased from 12% of emissions in 2015 to nearly 30% today, with the EU implementing border carbon tariffs. The author concludes that a robust industrial carbon market in Alberta is critical for Canada's trajectory toward carbon neutrality by 2050.
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Document type: Statement
The cost of delay: Africa’s energy transition is being decided elsewhere
The statement contends that Africa's reliance on fossil fuels leaves its communities vulnerable to external shocks, such as the economic ripple effects of the US-Iran war. It advocates for the implementation of existing frameworks like the African Single Electricity System and the African Union Green Minerals Strategy to achieve energy sovereignty and justice, arguing that transitioning to net-zero is more cost-effective than enduring the costs of global energy instability.
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Document type: Statement
A WTO-Compatible Climate Club That Solves Our Climate Problem
The authors argue that the Paris Climate Agreement's 'name and shame' approach fails because it ignores the science of cooperative agreements on common resources. They propose a climate club where members commit to net-zero CO2 emissions by 2050, using a combination of high import tariffs and export taxes on non-members, a uniform tariff surcharge (up to 10%) on non-member imports, and penalties for members who miss intermediate goals. To ensure WTO compatibility, the proposal relies on GATT Articles XX(b) and XX(g), allowing any regulatory approach that achieves emissions reductions. The plan includes a Multilateral Fund for developing countries and suggests similar structures for methane and nitrous oxide, drawing inspiration from the Montreal Protocol.
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Document type: Research paper
Beyond net: a guide on separate permanent removal targets in the EU
Carbon Market Watch proposes that the EU replace 'net' climate targets with three distinct targets for emissions reductions, land-based sequestration, and permanent carbon dioxide removals (CDR). The guide argues that current EU governance is inadequate, noting that the Carbon Removal and Carbon Farming (CRCF) Regulation lacks rigour and the Net-Zero Industry Act's goal of 50 Mt of geological CO2 storage does not specify the volume for permanent removals. To implement this, the author suggests integrating permanent removal targets into the Effort Sharing Regulation and strengthening the Governance Regulation to require credible feasibility and sustainability assessments by March 2027. Proposed target designs include a 'floor' for minimum delivery and a 'ceiling' to prevent over-reliance on CDR, with targets expressed in absolute volume (MtCO2) and as a percentage of 1990 gross emissions. Financing should be shared between the public sector and high-polluting companies through progressive taxation or direct removal obligations.
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Document type: Guide
Pedal to the Metal 2026
The global iron and steel industry faces a 'coal lock-in crisis' as blast furnace (BF) capacity continues to expand despite decarbonization targets. While electric arc furnace (EAF) and direct reduced iron (DRI) capacities are growing, the transition is slowed by massive legacy assets in China and aggressive new coal-based developments in India. Green hydrogen remains a critical but underutilized bottleneck, with only 2% of operating DRI capacity using it as a primary reductant. The report highlights a significant gap between announced net-zero goals and actual industrial investment, particularly regarding the relining of existing blast furnaces.
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Document type: Report
Comment les gouvernements peuvent aider les ménages canadiens à s'électrifier avec de l'énergie propre
The briefing identifies household energy consumption as a source of nearly 20% of Canada's greenhouse gas emissions and proposes a transition from fossil fuels to electricity via electric vehicles (EVs), heat pumps, and efficient appliances. Modeling suggests that by 2050, electricity should cover 73% to 91% of residential heating needs and over 96% of passenger vehicle kilometers. While electrification is generally cost-effective, regional differences exist; for example, natural gas remains cheaper than electric heating in the Prairies under current policies. The document emphasizes that energy efficiency—such as better building insulation—will reduce overall household energy consumption by 26% by 2050 despite population growth. To accelerate this, the author recommends government policies to lower initial costs for low-income households, mandate EV-readiness in multi-unit buildings, and double or triple clean electricity production to meet rising demand.
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Document type: Briefing
Addressing Private Market Climate Risks in Maryland’s Retirement System
The report highlights that the Maryland State Retirement and Pension System (SRPS) has a high allocation to private markets, which obscures significant climate risks due to the opacity of these investments. It identifies specific exposure to fossil fuel assets through managers like BlackRock's Global Infrastructure Partners (GIP) V and recommends the adoption of science-based climate targets and increased disclosure to mitigate financial risk.
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Document type: Report
Fossil fuels cost too much not to rapidly phase them out
The statement contends that the global fossil fuel system is inherently violent and volatile, citing 2026 conflicts in the Middle East and Venezuela as evidence. It advocates for the Santa Marta conference as a mechanism to move beyond the industry-influenced COP process to implement concrete actions, such as 'polluters pay' taxes on fossil fuel profits and grant-based climate finance for the Global South. The author asserts that the economic cost of fossil fuel price spikes outweighs the cost of transitioning to net zero, noting that 91% of new renewables projects are now cheaper than fossil fuel alternatives.
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Document type: Statement
The price of gas: the hidden costs of European banks’ support for gas power expansion
Between 2021 and 2024, European banks provided US$41.9 billion to companies developing over 320 new gas power plants globally, with 63% of this funding coming from a small group of French and UK banks. The report links gas reliance to electricity price volatility, air pollution causing premature deaths, and the climate crisis, urging banks to shift funding from gas expansion to renewables.
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Document type: Fact sheet
A guide to transparent and credible corporate climate communications
The document argues that traditional carbon offsetting is inherently deceptive because carbon credits cannot reliably counterbalance emissions on climate-relevant timescales. It advocates for the 'beyond value chain mitigation' (BVCM) approach, where credits are treated as contributions to global climate action rather than offsets. The guide outlines principles for credible communication, including the prioritisation of internal decarbonisation and the use of transparent, non-ambiguous language. It also provides case studies of misleading claims from entities like Climate Impact Partners, Audi, and Apple, and offers recommendations for policymakers to ban offsetting claims and for consumers to identify 'red flags' in corporate communications.
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Document type: Guide
Leaning on Uncertainty
Austria aims for climate neutrality by 2040, relying on industrial carbon removals (up to 6.3 Mt CO2eq) and land sinks, yet lacks a legally binding national climate law. While the 2024 Carbon Management Strategy (CMS) provides a transparent roadmap, significant delivery risks exist regarding the technical feasibility and timing of CO2 transport and storage infrastructure. Furthermore, there is high uncertainty regarding the long-term performance of the LULUCF sector and a lack of safeguards to prevent BECCS deployment from degrading the natural land sink.
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Document type: Case study
Leaning on Uncertainty
The report finds that Italy's long-term climate strategy prioritises carbon removals and capture technologies over structural emission reductions, creating a risk of mitigation deterrence. While Italy aims for carbon neutrality by 2050, it lacks national legislation to enforce this goal and relies on EU-level targets. The study highlights significant transparency gaps, noting that industrial carbon dioxide removal (CDR) technologies like BECCS and DACCS are often conflated with carbon capture and storage (CCS). Furthermore, the report warns that planned increases in forest harvesting to 40-45% by 2030 could shrink or eliminate the land sink, despite government goals to restore it to a historic maximum of 45 Mt CO2eq by 2050.
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Document type: Case study
Leaning on Uncertainty
The report finds that European governments are increasingly integrating carbon dioxide removals (CDR) into their climate strategies, often as a substitute for deep emission reductions. Analysis of the European Commission and six countries reveals a pattern of 'overreliance,' characterized by fragmented planning, a lack of feasibility assessments for engineered removals, and land-sink projections that ignore climate risks or contradict existing forestry policies. The report warns that betting on uncertain future technologies and unstable land sinks risks delaying essential decarbonization and undermining climate targets.
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Document type: Report
Mapping India’s Energy Policy 2026
The document is a reference list for a digital story on India's energy policy in 2026, citing sources related to power subsidies, clean energy, LPG pricing, and the financial performance of electricity distribution companies.
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Document type: Report
Addressing Private Market Climate Risks in Maryland’s Retirement System
The report identifies significant fossil fuel exposure within the Maryland State Retirement and Pension System's (SRPS) private market allocations, which comprise approximately 41% of its $74 billion in assets. It highlights specific controversial assets, such as the Rio Grande LNG terminal and the AES Corporation's power plant portfolio, and notes that 64% of energy companies associated with SRPS's private equity managers are fossil fuel-based. The document advocates for the adoption of five climate standards, including science-based targets and fossil fuel disclosure, to mitigate financial risks associated with the energy transition.
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Document type: Report
Reconductoring: The Path of Least Resistance to Fixing the U.S. Energy Grid
The report advocates for reconductoring as a primary solution to the U.S. energy grid's capacity crisis, which currently stalls 2,500 GW of clean energy projects. By replacing traditional steel-core cables with advanced composite conductors, the grid can double its transfer capacity at less than half the cost of building new lines, with installation times of 18-36 months compared to 10-15 years for new construction. The document highlights the potential for $180 billion in system savings by 2050 and a 3-4% reduction in wholesale electricity costs. It details technical improvements, such as trapezoidal wires and carbon-fiber cores, and cites successful implementations in Texas, Nevada, California, and Minnesota, as well as international adoption in Europe and Asia. The report concludes by urging policymakers to support legislation like the High-Capacity Grid Act and the REWIRE Act to incentivize the adoption of these technologies.
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Document type: Report
Legal framework for the possible use of international credits towards the 2040 EU climate target under the European Climate Law
Carbon Market Watch advises the European Commission against incorporating international credits into the EU's 2040 climate target. The organization argues that such a move would ignore scientific advice for 90-95% domestic emission reductions, violate the spirit of Article 6 of the Paris Agreement, and expose the EU to significant financial and reputational risks. The document highlights systemic failures in carbon credit integrity, including over-crediting and human rights violations, and estimates that relying on credits for 5% of the target could result in EU emissions being 50% higher than a fully domestic target, costing up to €49.7 billion.
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Document type: Statement
Open letter on the need to reduce agricultural methane pollution as part of a just transition in the agri-food sector
A coalition of European and Irish organizations argues that Ireland must move beyond stabilizing current methane levels to achieve net zero emissions by 2050. The letter emphasizes that agricultural methane is a primary driver of warming and calls for a just transition for farmers and rural communities, supported by EU financing and clear carbon budget trajectories to avoid stranded assets.
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Document type: Statement
Implementing Carbon Pricing in Southeast Asia
The document examines the progress of carbon pricing in three Southeast Asian nations. Indonesia has an advanced regulatory framework and a functioning carbon exchange (IDXCarbon) but struggles with low trading volumes and high emission allowances. The Philippines is in the early stages of designing an emissions trading system (ETS) and exploring voluntary markets. Viet Nam is piloting an ETS for power, steel, and cement sectors, driven by its 2050 net-zero commitment and the impact of the EU's Carbon Border Adjustment Mechanism (CBAM).
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Document type: Policy brief