The new EU Emissions Trading System, ETS 2, covers emissions from buildings, road transport, and additional sectors such as fuel use in small industrial installations. It’s designed to reduce emissions by 42% by 2030 compared to 2005 levels. Florian Schlennert, Simon Göss and Hendrik Schuldt at carboneer describe how it works, and what firms must do to comply. Comprehensive monitoring, reporting, and verification (MRV) must be implemented at the … [Read more...]
Low-emissions Aluminium: the ideal sector to lead the way in the new world of Recycling
The decarbonisation of any sector requires not just the right technologies and processes, but the right monitoring of where the emissions are in the supply chain. That monitoring allows the producer to focus on where the main problems are. It also allows buyers and investors to know what’s really happening, and use their power to demand a low emission product. Nicole Labutong and Wenjuan Liu at RMI look at the quality of the monitoring of the … [Read more...]
Carbon Footprints for every product: the need for sector-specific, comprehensive granular data and accounting
As governments and consumers increasingly want to know the carbon footprints of individual products, all actors in the global supply chain are under pressure to measure them, and accurately. But existing voluntary emissions reporting frameworks need to greatly improve the quality of their data and accounting processes, explain Nicole Labutong, Wenjuan Liu and Iris Wu at RMI. Blind spots can lead to meaninglessly inaccurate measurements. It’s far … [Read more...]
CBAM is now active. A guide to what companies must do to comply
On October 1st 2023 the Carbon Border Adjustment Mechanism (CBAM) became effective. Its purpose is to limit carbon leakage by establishing a carbon price on imported goods that is equivalent to the carbon price on domestically produced goods. That means introducing a set of reporting and compliance obligations for importers of goods into the EU. Simon Göss and Hendrik Schuldt at carboneer explain the new mechanism and scope (aluminium, cement, … [Read more...]
Steel, Aluminium: 20% of emissions reductions target must come from Recycling. How?
Recycling is needed to achieve 20% of the emissions reductions targets for the steel and aluminium sectors. It’s an integral part of the 1.5°C climate-aligned decarbonisation pathways in many metal sectors, explain Sravan Chalasani, Wenjuan Liu and Lachlan Wright at RMI. For aluminium products, the share that comes from post-consumer scrap needs to increase from 21% in 2020 to 46% by 2050. Recycling is already a reality, but reporting and … [Read more...]
The U.S. is moving faster than the EU on Methane regulations. Why?
Ben Cahill at the Center for Strategic and International Studies takes a deep dive into U.S. and EU progress on regulating methane emissions. It’s vitally important because methane has more than 80 times the warming potential of CO2 in its first 20 years in the atmosphere. In his assessment, Cahill explains why the U.S. is likely to move much faster than the EU. Unlike the U.S., the EU is a big importer of gas so needs its rules complied with by … [Read more...]
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