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 ...

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 ...

Clean technology can partially make up for weak CO2 pricing

by The Potsdam Institute for Climate Impact Research (PIK)  (Feb. 3, 2015)

Clean technology support can to some extent make up for weak CO2 pricing and hence help keep the two degrees target within reach, a new study shows. Even if the world climate summit in Paris later this year is successful in striking a climate deal, it might not bring about sharp greenhouse-gas cuts in the near-term. However, emission targets could ...

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 ...

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 ...

Putting a price on nature can benefit the poor if done right

by SciDev.Net  (Jan. 20, 2015)

You don’t have to go far in Bolivia to find treasure. It’s everywhere: in the vast Amazonian forests; in Lake Titicaca, which lies nearly four kilometres above sea level in the Andes; in the peaks and rain-gathering waterways of the Andes mountains; or in Bolivia’s 2,000 animal species. And to call all this treasure is hardly ...

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 ...

UK Government response to the outcome of the European Parliament’s Plenary vote on EU Emissions Trading Scheme (EU ETS) back-loading proposals

by Department of Energy and Climate Change  (Apr. 16, 2013)

In response to the outcome of the vote, a DECC spokesperson said: “The UK Government is disappointed at the Parliament’s vote but respects its view. “The UK understands that the ENVI Committee will now discuss the proposals once more, and therefore hopes that a positive outcome can still be achieved. “In parallel, the ...

The Prospects for Paris

by Department of Energy and Climate Change  (Jan. 28, 2015)

I’d like to start by expressing my gratitude to Connie for the work she did at the European Commission. She was fundamental to putting the 2030 Energy Framework in place. Connie knows just what a challenge it was to bring 28 member states to unanimous agreement on the Framework. How much more difficult, then, will it be to bring 195 ...

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