Blog Posts: Pollution Trading

October 23rd, 2019

Cut Fossil Fuels of Our Politics

Cut coal, gas and oil out of politics! /

To tackle the climate emergency, and ensure that climate policy is conducted entirely in the public interest, we must cut fossil fuel interests out of our politics, similar to existing restrictions on the tobacco industry.

We are joining Corporate Europe Observatory, Friends of the Earth Europe and Greenpeace EU and almost 200 other organisations worldwide to campaign for fossil free politics.

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September 26th, 2017

Betting on Chaos: Financial Firms Seek to Cash In on Climate Change

By Mitch Jones

Earlier this month the Financial Times reported that a new climate change prediction market [subscription required] is being created in the United Kingdom. The market, similar to a sports betting book, is the “brainchild” of the financial firm Winton Capital. Initially, the market will allow bets on levels of carbon dioxide in the atmosphere and on temperature rises, but Winton Capital hopes to expand it in the future so that sea level rise, extreme weather, and other pollution levels become the topic of bets.

What’s equally strange is that Winton Capital is paying for this market out of its philanthropic budget. There’s nothing philanthropic about betting on climate change.
Read the full article…

November 17th, 2016

Part II: Reform of the Emissions Trading System — Nothing but patches on a broken system

By Frida Kieninger

foodandwatereuropeoncarbonemissionsIn part one of this blog, I referred to the obvious inefficiency of the European Emissions Trading System (ETS). While the ETS is praised to be the key element of the European climate policy, it fails to deliver and is less efficient than other factors such as energy prices and the overall tendency towards more sustainability.

The danger of an inefficient system — so big that it covers around 45 percent of the EU`s greenhouse gas emissions — is its potential to cancel out existing and future policies at the EU and national level that would really contribute to emission reductions. Ironically, this results in the ETS doing potentially more harm than good in the fight against global warming.

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November 15th, 2016

Part I: Get Out of the Way of Real Climate Action

By Frida Kieninger

foodandwatereuroperealclimateactionETS: Only A Side Effect

The European Emissions Trading System (EU ETS) tries to lower greenhouse gases by putting a price on carbon and trading it in the form of allowances. It is the world’s biggest trading system for emissions and was launched over 10 years ago. The big downside of the supposed fairy tale of a miraculous cap-and-trade system is that there is no proof that the ETS has actually caused reductions in greenhouse gas emissions.

A study commissioned by the EU Commission finds that the ETS alone was not the driving factor in companies and sectors choosing to invest in carbon-efficient solutions. Rather, these actors were mainly influenced by other factors like the cost of energy and raw materials, as well as the growing environmental awareness of stakeholders and consumers.

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December 13th, 2013

It was a Bad Idea in 1489…

By Eve Mitchell

Some things get better with age — fine wine, farmhouse cheese. Some just don’t.

It’s all the fashion these days to talk about a “new” way to ensure that companies involved in food production are held accountable for the environmental damage they do. Often called natural capital accounting or offsetting, the theory is that if we attach a notional price to, say, healthy soil and clean water, then companies can use that information to account for any damage they do, or be somehow rewarded for avoiding this damage.

Among the several difficulties with this approach are that (a) it isn’t new and (b) it doesn’t work.

To the folks promoting this stuff: please convince me that this isn’t an extension of the Enclosures and Clearances on a global scale, because it sure feels like it. Read the full article…

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