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 ...

Australia’s economy at risk if climate change not addressed

by GLOBE Foundation  (Jul. 22, 2014)

The Chief Executive of CEDA, the Committee for the Economic Development of Australia, the Hon. Stephen Martin, says climate change is both an environmental and an economic issue, despite recent comments from senior politicians that seemed to question the latter. His comments accompanied the release of a major review of the impacts of climate on ...

UK government confirms fourth carbon budget

by Energy Team (UK) Ltd.  (Jul. 22, 2014)

The Government has today confirmed the UK will retain its fourth carbon budget in its current form, ending speculation that the target for the mid-2020s could be relaxed. A written ministerial statement from Energy and Climate Change Secretary Ed Davey was released mid-morning confirming the Fourth Carbon Budget would not be amended. Davey ...

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 ...

Climate Action: Commission Uses Polluters` Revenues to Fund Clean Energy Projects Across Europe

by Europa Press Room  (Jul. 8, 2014)

The European Commission today awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes from revenues resulting from the sale of emission allowances in the EU Emissions Trading System. This makes the polluters the driving ...

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 ...

Low-carbon technology policy success factors assessed

by European Commission, Environment DG  (Jul. 3, 2014)

Policies to promote low-carbon technologies are more likely to be successful if they are flexible, have clear timeframes, and are mandatory, a recent study suggests. The researchers reached their conclusions by studying cases of low-carbon policies from around the world. Climate change governance uses a huge, and growing, range of policies ...

MEPs back CO2 permit exemption for long-haul flights

by European Parliament  (Apr. 3, 2014)

EU legislation on aviation emission allowances would cover only intra-EU flights until the start of 2017, but would apply to all flights to or from the EU thereafter, under rules approved by Parliament on Thursday. The legislation would also require EU member states to report on how they spend revenue from auctioning emission allowances. ...

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 ...

China Coal Cap Could Strand Assets

by GLOBE Foundation  (Jun. 5, 2014)

Analysts believe that China − the world’s largest producer and consumer of coal, accounting for almost half of global consumption − could be close to making an abrupt and drastic change of track. A report by the Carbon Tracker ...

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