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The document examines the challenges of accounting for fossil CO2 used in non-permanent products (like plastics and fuels) in the EU ETS. It compares a 'final emitter pays' (downstream) approach, which avoids double pricing but risks emissions leakage, against a 'capture installation pays' (upstream) approach, which is the current system but risks double pricing if MWI is included. The authors recommend including MWI in the ETS by 2028 and suggest specific safeguards for either accounting path to maintain environmental integrity.

The document argues that the petrochemical industry's expansion is unsustainable and harmful, urging financial institutions to stop financing petrochemical expansion, require client transition plans, and adopt environmental justice policies. It highlights the severe health and environmental impacts in US 'sacrifice zones' and the financial risks of stranded assets.

The report details how fossil fuel production and use cause systemic health damage across all human life stages and geographic regions, disproportionately affecting marginalized communities. It maps these impacts from site preparation and extraction to combustion and waste disposal, highlighting the role of pollutants like PM2.5, benzene, and heavy metals. The document also examines the societal harms of the industry, including forced displacements, human rights violations, and political corruption. It concludes by advocating for a 'just transition' that prioritizes public health, eliminates fossil fuel subsidies, and holds polluters accountable through the 'polluter-pays' principle.

The report 'Do berço ao túmulo' (From Cradle to Grave) by the Global Climate and Health Alliance details how fossil fuels cause systemic health damage at every stage of their life cycle. It highlights the disproportionate burden on marginalized communities and the 'sacrifice zones' created by industrial pollution. The document argues that the current energy system creates a 'triple crisis' of environmental devastation, widespread human health impairment, and instability in health systems. It calls for a just transition that prioritizes public health, eliminates fossil fuel subsidies, and holds polluters accountable through the 'polluter pays' principle.

The document assesses the challenges of the EU's proposed CBAM based on incurred emissions, noting that it fails to fully address carbon leakage for exports and value chains. It proposes an alternative 'climate contribution' based on standardised carbon intensity factors, which would act as an excise charge that can be passed along the supply chain and waived for exports. This model, combined with Carbon Contracts for Difference (CCfDs) funded by CBAM revenues, is presented as a way to create immediate investment incentives for climate-neutral production of materials like steel, cement, and aluminium.