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How the EU carbon market can accelerate decarbonisation by making polluters pay
The report argues that the EU ETS continues to reward heavy polluters through free allowances, which in 2023 alone amounted to approximately 40 billion euros. It highlights that sectors like steel, cement, and chemicals often receive more allowances than they emit, reducing the incentive for decarbonisation. The authors critique the Innovation Fund for over-financing carbon capture technologies (CCS/CCU) rather than scalable zero-emission technologies. To accelerate the transition, the report recommends phasing out free allowances by 2030, fully implementing the Carbon Border Adjustment Mechanism (CBAM), and reforming the Innovation Fund to prioritise material savings and renewable energy solutions.
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Document type: Report
COP29 cheatsheet
The document outlines the structure of climate negotiations at COP29, listing various negotiating blocs such as the G77+China, EU, and AOSIS, while providing a glossary of terms and a calendar of thematic focus areas.
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Document type: Fact sheet
FAQ: What is the EU Emissions Trading System (EU ETS)?
The EU Emissions Trading System (EU ETS) is a cap-and-trade mechanism designed to reduce greenhouse gas emissions in the power, heavy industry, aviation, and maritime sectors by pricing pollution. It operates by setting a decreasing cap on total emissions, divided into EU Allowances (EUAs), which companies can trade or buy at auction. While the system has raised over €152 billion since 2005, its effectiveness has been historically hampered by an oversupply of permits and the extensive use of free allocations to prevent 'carbon leakage'. A separate system, ETS2, will be introduced in 2027 to cover buildings and road transport. The document highlights concerns regarding the environmental integrity of the current cap relative to the EU's carbon budget and the lack of transparency in how member states spend auction revenues.
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Document type: Fact sheet
State aid control in the EU
The document explains the EU's State aid control system, which generally prohibits government financial support to companies to protect the internal market unless the European Commission approves it. It details the 'State aid rulebook', including block exemptions and guidelines, and highlights the lack of systematic climate and environmental mainstreaming in these rules. The guide also outlines the procedural challenges for CSOs, who are typically treated as 'third parties' without formal standing to lodge complaints or challenge decisions in EU courts, and provides strategies for CSOs to influence State aid design and transparency.
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Document type: Guide
Repeat offenders: coal power plants top the EU emitters list
Analysis of 2022 EU-ETS data shows that the ten largest emitters in the system are all coal power plants, which together account for 13% of total EU-ETS emissions and 25% of power sector emissions. Germany and Poland are the primary contributors, together responsible for two-thirds of coal power emissions. Three utilities—RWE, PGE, and EPH—dominate the sector, collectively accounting for 30% of power sector emissions. While coal emissions rose 6% in 2022 due to the energy crisis, the long-term trend remains a decline, with 2022 levels 40% lower than a decade ago.
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Document type: Report
Repeat offenders: coal power plants top the EU emitters list
The report identifies that the ten largest emitters in the EU-ETS are all coal power plants, which together account for 25% of the power sector's emissions. While 2022 saw a 6% increase in coal emissions due to the energy crisis, the long-term trend remains a decline. Germany and Poland dominate the emissions landscape, and three utilities—RWE, PGE, and EPH—have remained the top emitters for six consecutive years.
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Document type: Report
Earth Negotiations Bulletin
The UN 2023 Water Conference, held in New York, focused on accelerating progress toward Sustainable Development Goal 6 (SDG 6) through the Water Action Agenda. The event resulted in approximately 700 voluntary commitments totaling USD 300 billion and the announcement of a UN Special Envoy for Water. Discussions emphasized the water-food-energy nexus, the human right to water and sanitation, and the need for innovative finance and improved global water data. While the conference generated significant political momentum and new partnerships, analysis suggests that many pledges lack quantifiable targets and that the international community must quadruple its efforts to meet 2030 goals.
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Document type: Report
FLIGHTS OF FANCY
A study by Öko-Institut for Carbon Market Watch finds that major European airlines rely on low-quality, cheap carbon offsets and lack transparency in reporting, often using misleading claims like 'carbon-neutral flying' to mask a lack of substantive emissions reductions.
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Document type: Report
20 Years of the Environmental Integrity Group in Global Climate Governance
The report details the evolution of the Environmental Integrity Group (EIG) from its founding in 2000 to its role in the Paris Agreement. It highlights how the EIG's unique composition—including both developed and developing nations—enables it to facilitate compromises on technical and political issues such as climate finance, transparency, and carbon markets. The document also examines the individual contributions of member states like the Republic of Korea, Mexico, Monaco, Switzerland, Liechtenstein, and Georgia to global climate science and policy.
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Document type: Report
EU ETS 101
The EU ETS is a 'cap and trade' system covering power, industry, and aviation across the EU and several other European nations. While it has successfully reduced emissions in the power sector, the document argues that free allocation of permits has led to stagnant industrial emissions and significant windfall profits for companies. The guide details the role of the Market Stability Reserve in managing oversupply and discusses the proposed Carbon Border Adjustment Mechanism as a potential replacement for carbon leakage protections.
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Document type: Guide
DICTÁMENES DE ADQUISICIÓN LEGAL
The document serves as a technical guide for CITES Management Authorities to implement Legal Acquisition Findings (LAF). It details the process of verifying the 'chain of custody'—the chronological documentation of a specimen from extraction to export—to ensure compliance with national and international laws. The manual outlines steps for preparing national guidelines, evaluating legal frameworks, and applying risk-based assessment methods to determine if a specimen was acquired legally (positive LAF) or illegally (negative LAF). It provides specific documentation requirements for different taxa, including timber, marine species, and captive-bred animals, and emphasizes the importance of transparency and public accessibility of these guidelines to prevent fraud and illegal trade.
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Document type: Guide
Attention Shifts to COP25 to Deliver on Paris and Avert Climate Catastrophe
The Center for International Environmental Law (CIEL) describes the progress at the SB50 talks in Bonn as "glacial," noting that while a non-consensus text for Article 6 was established for COP25, critical language on human rights remains in brackets. CIEL emphasizes that Article 6 mechanisms—which include carbon credit markets and sustainable development mechanisms—must incorporate independent grievance bodies and social safeguards to avoid the failures of the Clean Development Mechanism. The statement also highlights the importance of the Escazú Agreement for environmental democracy in Latin America and condemns countries that questioned the IPCC's Special Report on 1.5°C during the negotiations.
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Document type: Statement
Tokenization of Infrastructure
The report argues that tokenizing the equity or debt of sustainable infrastructure projects can lower the cost of capital and make these assets more bankable. It identifies key value propositions including reduced underwriting and secondary market fees, enhanced transparency through IoT integration, and the democratization of investment via fractional ownership. However, it notes significant regulatory hurdles regarding security token compliance and technical challenges concerning the reliability of the Ethereum blockchain and the 'oracle problem' of linking on-chain tokens to off-chain physical assets. The document provides examples of Swiss start-ups like Tokenestate, Smart Valor, and Mt Pelerin that are developing security token standards and marketplaces to facilitate this transition.
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Document type: Report
States’ Human Rights Obligations in the Context of Climate Change
The document analyzes how the CEDAW monitors the Convention on the Elimination of Discrimination Against Women (ICEDAW) to address climate change. It highlights that in 2018, the Committee made climate-related recommendations to 75% of reviewed states, focusing heavily on adaptation (44%) and procedural rights (37%), while mitigation received significantly less attention (7%). The briefing details specific state obligations across four areas: mitigation, adaptation, procedural rights, and international cooperation, emphasizing the role of General Recommendation 37 (GR37) in framing disaster risk reduction with a gender perspective.
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Document type: Briefing
TOTAL SYSTEMS FAILURE EXPOSING THE GLOBAL SECRECY DESTROYING FORESTS IN THE DEMOCRATIC REPUBLIC OF CONGO
Global Witness reveals that Norsudtimber, the DRC's largest logging company, is operating illegally on 90% of its sites, breaching the DRC Forest Code through a lack of management plans and logging outside authorized perimeters. The report highlights how the DRC government is complicit in this illegality, while international donors from France, Germany, and Norway continue to support industrial logging under the flawed theory of 'sustainable forest management' (SFM). Norsudtimber uses a complex web of shell companies in Liechtenstein, Hong Kong, and Dubai to obscure its beneficial owners and trade timber to markets in China, Vietnam, and Europe. The investigation finds that SFM is scientifically unsound for the Congo Basin, as tree species take 100-230 years to mature, far exceeding the 25-year rotation cycle. Furthermore, the report documents negligible development benefits for local communities and significant carbon emissions resulting from forest degradation.
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Document type: Report
Using the Clean Development Mechanism for nationally determined contributions and international aviation
The report finds that recognizing all types of CERs for use after 2020 is unlikely to trigger significant additional emission reductions because most available supply comes from projects that would continue abatement without CER revenues. It identifies critical risks to environmental integrity, including double claiming with 2020 targets and the potential for higher cumulative emissions when using CERs for single-year targets. To safeguard environmental integrity, the authors recommend limiting eligibility to newly developed additional projects or already implemented projects at high risk of discontinuing abatement, while ensuring robust accounting through corresponding adjustments.
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Document type: Report
Green Climate Fund Trust Fund Financial Report as of 31 March 2015
As of 31 March 2015, the Green Climate Fund Trust Fund had received total contributions of USDeq. 171.20 million, with USDeq. 128.00 million deposited by 23 contributors. The GCF Board approved funding totaling USD 65.11 million for administrative budgets and readiness activities, while the interim trustee transferred USD 19.62 million. Total funds available to support GCF Board funding decisions were USD 63,147,206.
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Document type: Report
What’s needed to fix the EU’s carbon market
The EU ETS is currently failing to promote low-carbon solutions due to a carbon price that has plunged to around 5 euros per tonne of CO2, driven by a surplus of 2.1 billion tonnes of CO2-equivalent allowances. This oversupply is attributed to weak emission targets, the inflow of international offsets, and reduced demand following the economic crisis. The document warns that this surplus allows the EU to transform current emission reductions from other policies into 'future rights to pollute', potentially reducing the domestic impact of the 2030 climate target from 40% to 34%. To fix the market, the author recommends increasing the linear reduction factor to 2.6%, permanently cancelling 1.6 billion excess allowances, enacting the Market Stability Reserve by 2017, and transitioning to full auctioning for all industrial sectors post-2020 to eliminate windfall profits and adhere to the polluter-pays principle.
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Document type: Policy brief
Developed Country Fast-Start Climate Finance Pledges: A Summary of Self-Reported Information
The document provides a detailed breakdown of climate finance pledges from various developed nations and the European Union, detailing the amounts pledged, the actual allocations made, the channeling institutions used, and the countries' positions on whether the funds are 'new and additional' to existing Official Development Assistance (ODA).
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Document type: Report
The European Union Emissions Trading Scheme (EU-ETS)
The EU-ETS is the world's largest cap-and-trade system, regulating approximately half of the EU's CO2 emissions across 30 countries. While it has evolved through three trading periods to include more greenhouse gases and airline emissions, the system has suffered from severe over-allocation of allowances, leading to price collapses and a surplus of approximately 2 billion allowances by the end of 2012.
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Document type: Fact sheet