How are polluting industries lobbying against real climate action?
In light of the ITRE Opinion and forthcoming discussion on the proposed Directive to reform the Emissions Trading System (and “enhance cost-effective emission reductions and low-carbon investments”), CEO offers comments.
A revised Emissions Trading Directive is like red meat for the hungry pack of lobbyists that work the corridors of Brussels’ political institutions. Even minor differences in how pollution permits are handed out can result in profits or savings of millions of euros to big polluters.
The Emissions Trading System (ETS) is the European Union’s flagship climate policy. It is intended to establish a legal limit (or “cap”) on carbon dioxide emissions (and more recently, those of other greenhouse gases) by making it expensive to pollute beyond this limit.
There is something zombie-like about the EU Emissions Trading System (ETS), the world's largest carbon market, which has consistently failed to reduce greenhouse gas emissions, only to be brought back from the dead by successive “reform” proposals. The latest attempt to reincarnate the EU's flagship climate policy, proposed by the European Commission last July, would extend the scheme until at least 2030.
Less than 18 months into the job, Climate Action and Energy Commissioner Miguel Arias Cañete is immersed in several scandals.
A rare glimpse into the lobbying strategies of the car industry.
A Corporate Europe Observatory complaint to the lobby register secretariat is challenging the Commission to properly implement its own lobby transparency rules.
In the wake of Volkswagen’s diesel emissions scandal, Corporate Europe Observatory has obtained documents that show how the car industry has continued to undermine Europe’s proposed new emissions test standards.
COP21 resembles a trade fair for dirty companies
The EU Emissions Trading System has failed to reduce emissions, but that hasn’t stopped the Commission from pushing other countries into using carbon markets.
Companies that profit from polluting and have a vested interest in the continued exploitation of fossil fuels have no place influencing talks designed to move us away from dirty energy.
There is a diplomatic silence over carbon trading at COP21, but a Paris climate agreement could offer a lifeline to carbon “offsetting” schemes, while new rules could help build a global carbon market.
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