EU ETS and Kyoto credits: from an efficient use to a burst bubble

This week, for the International Day of Forests, I4CE offers you an overview of the forestry issues that are being debated in France and in Brussels. In our newsletter, you will discover a new blog post by Julia Grimault on European carbon certification and our latest analyses on the adaptation of French forests to climate change, the French carbon sink and the wood industry. 

The future European carbon certification framework is under intense debate. The first meeting of the expert group in charge of supporting the Commission has raised criticisms on the composition and mandate of this group, and the discussions have taken an unexpected turn by achieving the feat of bringing NGOs and CO2 Capture and Storage (CCS) industrialists to an agreement against natural carbon sinks, those of our forests or our agricultural soils. Where does this unlikely alliance come from?

The European Union still has a lot of work to do. Yesterday the European Commission published its Net Zero Industry Act, a piece of its response to the American Inflation Reduction Act, a necessary but still insufficient building block to keep the European Union in global cleantech race. It will also have to complete a number of directives and regulations to deliver its Green Deal. The EU election in 2024 is fast approaching, time is of the essence.