Key EU Environment Ministers discussing the reform of the EU Emission Trading Scheme (ETS) today expressed their support for measures to scale up emission cuts in the carbon market. Climate Action Network (CAN) Europe welcomes the support for more ambition, but at the same time urges EU decision makers to step up those cuts in order to be in line with the goals of the Paris Agreement.
Read more: EU Environment Ministers back more ambition in the Emission Trading Scheme
The European Parliament’s Environment Committee (ENVI) voted today on the redesign of the EU Emissions Trading Scheme for the coming decade.
CAN Europe welcomes the steps the Parliament took to scale up emission cuts, beyond what the European Commission has proposed, but stresses that these are still far too little to repair the broken scheme or align the EU’s planned emission reductions with the global temperature goals it committed to under the Paris Agreement.
Turkey's second largest private bank, Garanti, which finances the country’s coal boom, received the 2016 Climate Performance Leadership award from CDP, a UK based organisation, earlier this month. Environmental groups shed light on the destructive impacts of the dodgy deals the bank is involved in, in order to counter its green claims deceiving the European public.
Read more: Garanti, Turkey’s top climate killer bank praised as climate champion
On 15 December, the European Parliament’s environment committee will cast a decisive vote on the revision of the EU Emissions Trading System (EU ETS).
Climate Action Network (CAN) Europe, Carbon Market Watch, WWF and almost 100 000 European citizens in the WeMove.EU community urge the committee members to vote for a bold reform to turn the EU ETS into an effective climate protection tool and make the polluting industries and power producers pick up the tab for the harm they cause.
Read more: No more presents for polluters - Make the EU ETS work for the climate!
Today the ECOFIN Council agreed on its position on the future of the European Fund for Strategic Investments, EFSI, also referred to as the Juncker Plan or the Investment Plan for Europe. While it contains some good elements on climate action, the council stills falls short of ensuring EFSI’s investments are in line with the EU’s climate goals and the objectives of the Paris Agreement.