Tag Archives: ETS

Carbon Credit 2 – Therapy

Since its foundation, the European Union has increasingly relied on market mechanisms to solve its problems. Initially creating economic interdependence was the main ingredient of its peace project but since the 1970’s market deregulation became the main recipe for practically every problem it faced, from energy crisis over unemployment to budgetary deficits and so on. […]

Read more

Extractive Energy: How the EU ETS exacerbates climate change

Our colleagues from Carbon Trade Watch have recently published this report questioning the EU’s dependency on fossil fuels and the role of the EU ETS. Energy in the EU is dominated by fossil fuels. About 77% of energy used by the average European citizen is met by oil, gas and coal. Nuclear power provides an […]

Read more

Carbon Credit! (The first superhero who smokes)

Carbon markets – the never ending fairytale Once upon a time, not so long ago, world leaders gathered to make an agreement to fight climate change. They met in Japan and agreed to the famous Kyoto Protocol. A principal feature of the Protocol turned out to be carbon trading: a magical solution to curb CO2 […]

Read more

EU and big polluters ignore climate action – pushing to expand carbon markets at COP19

The EU aims to expand carbon markets that would benefit big polluters at the UN climate talks, COP19 in Poland, says a statement signed by 130+ groups, movements and networks. The Statement denounces the corporate capture of COP19 by the same companies that stand to profit.[i] “The European Commission and the carbon crooks who turn […]

Read more

Civil society groups urge European Parliament to forget about backloading and call for a phase-out of fossil fuels

  Ahead of the backloading vote at the European Parliament that will take place tomorrow, a coalition of 42 civil society organisations released a statement today rejecting the EU ETS, which they say is entrenching fossil fuel use in the EU. They call for MEP attention to be re-directed urgently toward genuine measures to tackle […]

Read more

NGO report busts the myths of the Emissions Trading Scheme

 Why it must be replaced with direct action to reduce greenhouse gas emissions Brussels, April 15th– The European Parliament votes tomorrow on the European Commission’s proposal to backload 900 million emissions permits within the EU Emissions Trading Scheme (EU ETS). This vote assumes the EU ETS can be reformed, but ahead of the vote, a […]

Read more