Emissions Trading News

  • Aviation industry faces pressure to stop GHG threat

    If commercial aviation were a country, it would rank seventh in global greenhouse gas emissions according to a recent report by the International Council on Clean Transportation (ICCT). The aviation industry ...


    By Climate News Network

  • Québec – California to Collaborate on Electrification of Transportation

    Québec’s Minister of Sustainable Development, Environment and the Fight against Climate Change, David Heurtel and California’s Secretary for Environmental Protection Matt Rodriquez today formalized a new collaborative effort aimed at the electrification of transportation. The partners agreed to set up a Québec-California working group to facilitate the exchange of ...


    By GLOBE SERIES

  • Review of the Fourth Carbon Budget

    Today I can announce that, having concluded a detailed review, the Government will not be amending the Fourth Carbon Budget. The budget, which covers the period 2023 to 2027, will therefore stay at its existing level of 1950 MtCO2 equivalent. The decision I have taken is consistent with the advice of the Committee on Climate Change. It also reflects the views of the vast majority of businesses, ...

  • UK calls for major changes to EU’s “cap and trade” emissions system

    The EU Emission Trading System (ETS) gives companies from heavy industries and the power sector flexibility to decide whether to invest in carbon abatement or to purchase emission allowances to comply. But the market currently has a surplus of over 2 billion allowances, meaning it is not stimulating the low-carbon investment needed now to meet long-term targets. Various factors such as the ...

  • Low-Carbon Technology Policy Success Factors Assessed

    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 designed to support the development and use of low-carbon ...

  • Low-carbon technology policy success factors assessed

    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 designed to support the development and use of ...

  • Emissions Trading: 2013 Data Show Lower Emissions but Surplus of Allowances Persists

    Emissions of greenhouse gases from installations participating in the EU Emissions Trading System (EU ETS) are estimated to have decreased by at least 3% last year, according to the information recorded in the Union Registry. Climate Action Commissioner Connie Hedegaard said: "The good news is that emissions declined faster than in previous years even as Europe’s economies started to ...


    By Europa Press Room

  • EU will host key talks to set 2030 climate targets

    The European Commission will hold three meetings this summer that will focus on how industries can meet greenhouse gas (GHG) emissions reduction targets while competing in global markets, it said on Wednesday. The meetings will help to gather feedback on rules determining if companies can continue to receive free carbon permits under the EU Emissions Trading System (ETS) beyond 2020, when ...


    By Climate Action

  • Council adopts regulation amending EU emissions trading scheme

    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 reached at first reading with the European ...


    By EU Council of Ministers

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

    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 in EU airspace, in favour of only covering flights ...

  • EU governments dismantle emissions trading for international aviation

    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 through outside pressure.> This deal would ...

  • A More Competitive Energiewende Would Increase German Jobs and Economic Competitiveness with Limited Impact to Emissions Levels, IHS Study Finds

    Germany’s current energy policy of rapid renewables deployment under the Energiewende has resulted in rapidly increasing energy costs that will make Germany less competitive in the world economy, says a new study by IHS, the leading global source of critical information, analytics and insight. At the same time, the study concludes, greenhouse gas emissions (GHG) have increased. The study ...


    By IHS Markit

  • EU Council clearance of first-reading deal on EU ETS backloading: Statement by Edward Davey

    Secretary of State Edward Davey said: “Today’s decision by the Council to support back-loading is welcome and I am pleased that both they and the European Parliament have given final approval of this temporary measure. I look forward to its swift implementation as soon as possible. However, we need urgent structural reform to strengthen the EU Emissions Trading System, and deal with ...

  • Council adopts decision clarifying provisions on the timing of auctions of greenhouse gas allowances

    The Council today adopted1 a decision amending the EU's emissions trading system directive (directive 2003/87/EC) by clarifying provisions on the timing of auctions of greenhouse gas allowances (PE-CO#6;S 114/13, 17307/13 ADD1). The adaptation by the Commission of the timetable of auctions will require a prior impact assessment of the risks of carbon leakage for particular industrial sectors. ...


    By EU Council of Ministers

  • Portuguese project crowned best climate solution in European competition

    The European Commission today announced the overall winner of its World You Like Challenge competition for the best solutions to climate change. The Portuguese project Sown Biodiverse Pastures was crowned winner for its innovative solution in reducing CO2 emissions, soil erosion and the risk of wild fires while increasing the productivity of pasturelands. European Commissioner for ...


    By Europa Press Room

  • A Possible Rebirth of the Carbon Market?

    Many people have voiced pessimism over an international agreement to address climate change since the 2009 climate conference in Copenhagen fell short of expectations. The lack of a comprehensive, global effort to curb emissions; the failure by the United States to pass meaningful federal legislation, the continued recession in Europe; and, most recently, the election results in Australia have ...


    By The World Bank

  • 14th annual Environmental Finance market rankings

    Voting in Environmental Finance's annual market rankings has started. The publication is soliciting votes for the best brokers, trading companies, banks, law firms, consultants and project developers in the carbon, renewable energy, weather and catastrophe risk markets.   Every year from 2004 to 2012 GreenStream Network Plc has been voted the “Best Broker - Renewable Energy ...


    By GreenStream Network Plc

  • Make carbon pricing cornerstone of climate policy - OECD

    A transformation of the global energy system is needed if countries hope to limit climate change to a 2ºC temperature increase from pre-industrial levels. That was the key message delivered of a Lecture by OECD Secretary-General Angel Gurría organized jointly with the London School of Economics. It was also the core message of a report - Climate and Carbon: Aligning Prices and ...


    By GLOBE SERIES

  • UN Civil Aviation Group Works to Cut Emissions

    A landmark agreement aimed at getting the global airline sector to cut carbon emissions by 2020 was approved by the general assembly of the United Nations group that oversees civil aviation. Delegates from 184 member countries of the International Civil Aviation Organization (ICAO) ratified the agreement on Friday. The agreement, a ...


    By Associated Press

  • 50 companies generate three-quarters of world`s GHG Emissions

    "What is driving climate change action in the world's largest companies?" asks the Report by the CDP (Carbon Disclosure Project) in its Global 500 Climate Change Report 2013. Findings showed that 50 companies - 10% of the Global 500, produced 73% of the planet's greenhouse gases. The report, released September 12th, is co-written by CDP and PwC (Price WaterhouseCoopers International Limited) and ...


    By GLOBE SERIES

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