Monthly Highlights from the Russian Arctic, October 2024
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
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Letter asking for ETS & CBAM to work for the climate and support industrial transformation
Publish date: November 8, 2022
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Letter asking for ETS & CBAM to work for the climate and support industrial transformation
Bellona co-signed an open letter by NGOs and industry asking for the Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM) to work for the climate and support industrial transformation.
Bellona co-signed an open letter by NGOs and industry asking for the Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM) to work for the climate and support industrial transformation.
The letter suggests two key ways to achieve this:
- Phasing out free ETS allowances as soon as possible
Support the introduction of a fully operational CBAM as of 2026, and a progressive reduction of free ETS allowances to CBAM sectors. Free ETS allowances should be reduced 10% annually between 2026 and 2030, and fully discontinued by 2032 at the latest.
- Better and timebound targeting of free ETS allowances
Make the allocation of free ETS allowances conditional on energy efficiency requirements and decarbonisation plans. Also ensure a revision of the current ETS benchmarks that takes into account material substitution and circularity, and reflects the real technological developments and potential of sectors, making sure that installations investing in partially or fully decarbonised processes are included in the same benchmarks as the conventional installations. This means revising the definition and scope of the benchmarks and increasing the minimum improvement rate to at least 0.4%.
Read the full letter here.
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Bellona Nuclear Digest. October 2024
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
Putin leaves Kazakhstan without deal to build nuclear plant
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.
Moscow snips last ties to cooperative nuclear cleanup agreement with West
Russia is formally withdrawing from a landmark environmental agreement that channeled billions in international funding to secure the Soviet nuclear legacy, leaving undone some of the most radioactively dangerous projects and burning one more bridge of potential cooperation with the West.