emissions trading scheme News

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EU governments dismantle emissions trading for international aviation

by Transport and Environment (T&E)  (Mar. 5, 2014)

EU member states yesterday succumbed to pressure from third countries and the aviation industry and decided to shrink the aviation emissions trading system (ETS) to only cover flights between EU airports until 2016. This decision leaves long-haul flights totally unregulated and sends the signal internationally that EU sovereignty can be curtailed ...

Investor heavyweights call for clear action on climate

by Climate News Network  (Sep. 23, 2014)

Many of the biggest hitters in the global financial community, together managing an eye-watering $24 trillion of investment funds, have issued a powerful warning to political leaders about the risks of failing to establish clear policy on reducing greenhouse gas emissions. More than 340 investment concerns − ranging from ...

Council adopts regulation amending EU emissions trading scheme

by EU Council of Ministers  (Apr. 14, 2014)

The Council today adopted1 a regulation amending the EU Emissions trading scheme directive (2003/87/EC), in view of the implementation by 2020 of an international agreement applying a single global market-based measure to international aviation emissions (PE-CO S 18/14). Today's final adoption of the legislation by the Council follows an agreement ...

Rise of Carbon Markets Drives Interest In Linking Them, Speakers on Climate Say

by Bloomberg BNA  (Sep. 23, 2014)

The rise of carbon markets across the world is driving increased interest from companies and governments to link those markets together, representatives from companies and a Harvard University researcher said Sept. 22. About 40 countries and more than 20 cities, states and provinces have carbon pricing policies or plan to launch them. Together, ...

EU emission trading system suffers serious setback

by GLOBE Foundation  (Apr. 18, 2013)

The European Union's flagship Emissions Trading System was dealt a serious blow this week when the European Parliament rejected a short term plan to boost the price of carbon by reducing the number of permits available to key industry sectors. The short term plan would have introduced involved "backloading" of permits by member states to their ...

Speech to the Elmhurst Energy Conference

by Department of Energy and Climate Change  (Sep. 19, 2014)

I’m delighted to be here today speaking at The Elmhurst Energy Conference. In February 2013 the Prime Minister launched the UK’s Energy Efficiency Strategy. The Energy Efficiency Strategy represented a step change. It was the first strategy of its type by any UK Government. It identified that energy efficiency is in everyone’s ...

The Battle Against Aircraft Noise

by Cirrus Environmental  (Sep. 17, 2014)

There is good news for anyone living near or under a flight path of one of the UK’s airports this week. A report out from the Airport Operators’ Association (AOA) shows that UK airports are reducing noise pollution and carbon emission despite growth in passenger numbers. The AOA was keen to publish the report in response to political ...

ETS backloading: carbon market schemes at a turning point

by European Parliament  (Dec. 9, 2013)

Plans to freeze the auctioning of some CO2 permits, so as to raise their price and thus encourage firms to invest in low-carbon innovation, will be put to a final vote on Tuesday, after EU ministers endorsed Parliament’s July 2013 proposal setting stricter conditions for the freeze. The aim is to restore the incentive effect of the Emissions ...

Putting transport in the ETS will hinder job growth, stall emissions cuts – study

by Transport and Environment (T&E)  (Oct. 21, 2014)

Even if carbon prices in Europe’s emissions trading system (ETS) trebled from today’s levels [1], including road transport in the ETS would only reduce oil use and CO2 emissions from transport by 3% over the next 15 years, a new study by Cambridge Econometrics reveals. This ...

Australia to join EU`s emissions trading system

by GLOBE Foundation  (Aug. 28, 2012)

Australia will scrap its planned floor price for carbon emissions and will link directly with the European Union's emissions trading system by 2018, Climate Change Minister Greg Combet said ...

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