emissions trading scheme News

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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 ...

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 ...

MEPs fly in the face of bullying on EU aviation emissions trading

by Transport and Environment (T&E)  (Mar. 19, 2014)

Members of the European Parliament’s environment committee today courageously voted against a bad deal on aviation emissions trading foisted on them by political leaders in the UK, France and Germany. The bad deal, reached during trilogue negotiations, would have scaled back the Commission’s proposal to regulate all aviation emissions ...

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 ...

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 ...

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 ...

Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2012

by Carbon Market Data  (Apr. 3, 2013)

Carbon Market Data, a European company providing carbon market research and IT services, issued a data summary on the recent release of the EU Emissions Trading Scheme‘s 2012 verified emissions reports. Based on Carbon Market Data calculations, the EU emissions trading scheme (EU ETS) installations were long by 164 Mt in 2012 (they emitted ...

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 ...

Deep-water fish remove over a million tonnes of CO2 in Irish-UK waters every year

by European Commission, Environment DG  (Sep. 11, 2014)

Deep-water fish living along the Irish-UK continental slope remove more than a million tonnes of CO2 from the atmosphere each year, according to a recent study. Continental slope ecosystems play an important role in carbon sequestration, which should be considered before exploiting deep-water resources, say the researchers. Transport of carbon ...

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