Cap or trap – How the EU ETS risks locking-in carbon emissions

Cap or trap – How the EU ETS risks locking-in carbon emissions

This report critically evaluates the perfomance and prospects of the EU ETS as it currently stands. It explores how Phase 2 caps have been weakend by recession, and how slack from Phase 2 – in the form of unused offset credits – is likely to defer...
Carbon Fat Cats 2009 – Company Analysis of the EU ETS

Carbon Fat Cats 2009 – Company Analysis of the EU ETS

This report revisits the companies holding the largest surpluses in 2008 to see how they have fared since the recession. New analyses explores potential intra-European competitiveness distortions introduced by these surpluses, and investigates how Phase III caps might...
Hydro CERs and the EU ETS

Hydro CERs and the EU ETS

The UNFCCC separates CDM and joint implementation (JI) project credits into 15 sectoral scope types. These sectoral scopes broadly differentiate the different project types, however, they do not always provide the most useful definitions, for example renewable and...
International Offsets and the EU 2009

International Offsets and the EU 2009

Offsetting is clearly being used very successfully by many of the participants in the EU trading system. It is serving to reduce prices of compliance and delivering substantial volumes of finance (circa €860 m per annum) to countries outside of Europe. We wish to use...
A closer look at voluntary carbon action

A closer look at voluntary carbon action

Cutting carbon now occupies a prominent place in discussions about ethical living and corporate responsibility. In this document we explore how the popular metaphor of “carbon footprints” can lead us astray by emphasising personal action at the expense of public...