“No amount of structural tinkering will get away from the fact that the EU has chosen the wrong tool to reduce emissions in Europe. It is inherently too weak to get the EU to where it needs to be in the necessary timescale,” says Hannah Mowat from FERN. “The EU can no longer wait for…
Category: European Union
Time to scrap the EU Emissions Trading Scheme
In an attempt to revive carbon prices in the EU Emissions Trading Scheme, the European Parliament’s Environment Committee voted yesterday in favour of postponing the auctioning of 900 million pollution allowances. The market’s reaction to the vote? A 20% slump in the price of EU allowances.
The EU carbon trading scheme in crisis: Save it or scrap it?
In 2012, the value of global carbon markets fell by 35%, from €96 billion to €62 billion. The average global carbon price fell by 49% to €5.82 per tonne in 2012, down from €11.45/t in 2011 and €13.09/t in 2010.
Worst fortnight ever for carbon markets?
During the first week of the negotiations at COP18 in Doha, Martin Hession, a vice-chair of the Clean Development Mechanism (CDM), said that the main issue is, “[W]hat are the targets going to be in the future and what instruments are going to deliver on those targets.”
Corruption and REDD at the international level
Corruption and REDD at the international level: A presentation I gave at Transparency International Indonesia’s Jakarta office at the launch of their report “Keeping REDD+ clean”.