EU emissions trading News
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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-COS 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. Such ...
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European Commission launches public consultation on monitoring of aviation emissions
The European Commission has launched an online public consultation on guidelines for the monitoring, reporting and verification of CO2 emissions from civil aviation. Such guidelines are necessary to ensure that the requirements of the EU Emissions Trading Directive will be applied in a harmonised way to all aircraft operators when the aviation sector is brought into the EU Emissions Trading ...
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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 ...
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Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2008
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 2008 verified emissions reports.Based on Carbon Market Data calculations, the EU emissions trading scheme (EU ETS) installations were short by 145 Mt in 2008 (they emitted 145 million tonnes CO2 more than they were allowed). This ...
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Airlines` attack on EU emissions trading system meets powerful opposition
The European Union, backed by six of its member states, Norway and an international coalition of environmental organisations robustly defended the law integrating aviation into the EU emissions trading system (EU-ETS) at a hearing today at the European Court of Justice in Luxembourg. EU countries including France, Spain, Sweden, Poland, and Denmark, and led by the United Kingdom strongly ...
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New minister sets out green plans for Poland
Poland's new environment minister has indicated that the country is prepared to back down in a dispute with the EU over road building projects in protected nature areas. But there are no signs that Poland will end a similar legal challenge to Brussels over carbon allocations to industry for the second phase of the EU's emission trading scheme. In a press conference on Friday Maciej Nowicki set ...
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Climate Action: Commission asks 7 Member States to speed up the adoption of measures to implement EU legislation on aviation emissions
The European Commission is asking Cyprus, Estonia, France, Greece, Hungary, Poland and Slovakia to speed up the adoption of legislative and administrative measures necessary for inclusion of the aviation sector in the EU's Emissions Trading System (EU ETS). To date these seven Member States have not transposed the EU ETS aviation legislation into national law. On the recommendation of Climate ...
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A first look at how the EU emissions trading scheme is working
The EU's emissions trading scheme (ETS) was introduced for a three-year trial period in 2005, and this initial analysis looks at how well it is working using data from the first two years of operation. The research concludes that both over-allocation and a reduction in CO2 emissions occurred. This research provides insights on the extent to which over-allocation of EU Emissions Allowances (EUAs) ...
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Carbon Market Data publishes the EU ETS 2012 Company Rankings
Carbon Market Data, a European company providing carbon market research and data supply services, published the rankings of companies included in the European Union’s emissions trading scheme, following the recent release of verified emissions reports for the year 2012. Based on Carbon Market Data’s research, RWE, Vattenfall and E.ON were the three biggest CO2 emitters of the EU ...
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Environment Committee confirms the need for global aviation emissions deal
The European Parliament’s Environment Committee voted today for a one-year ‘stop the clock’ derogation from the EU Emissions Trading System (ETS) for flights to and from Europe[1]. Environmental NGOs Transport & Environment (T&E), WWF, Germanwatch and Brot für die Welt think the ‘stop the clock’ concession is bigger than necessary given the limited ...
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European Parliament increases pressure on ICAO to agree a global aviation emissions deal
The European Parliament today voted to confirm the Commission’s proposal to suspend for one year the inclusion of flights to and from Europe in the EU Emissions Trading System (ETS). The Parliament’s decision stressed that the EU’s emissions clock will start again if the International Civil Aviation Organisation (ICAO) does not manage to agree on a global deal to curb ...
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New research lists top European CO2 emitters
Carbon Market Data, a European company providing carbon market research services, published the rankings of companies included in the European Union’s emissions trading scheme, following the recent release of verified emissions reports for the year 2007. Based on Carbon Market Data’s research, RWE, Enel and E.ON were the three biggest CO2 emitters during the first phase of the EU emissions ...
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FREE online access to the whole EU Emissions Trading Scheme Database
We are happy to inform you that Carbon Market Data now offers FREE online access to the whole of our EU Emissions Trading Scheme (ETS) Database. Our EU ETS Database includes all the information on the EU ETS installations: - 24 countries and more than 10500 installations - contact details (address, email, phone number) - sector of activity - number of distributed allowances ...
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CCS technology needs prompt and direct financial commitment say MEPs
The European Parliament adopted an own-initiative report supporting early demonstration of sustainable power generation from fossil fuels, but warns that the measures unveiled by the Commission are 'not sufficient to provide the desired incentives'. The House calls for a direct financial commitment to ensure that 12 demonstration projects testing the permanent underground storage of CO2 are ...
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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 framework for which details have yet to be worked out, ...
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EU Emissions Trading Scheme to Include Air Transport
BRUSSELS, Belgium (ENS) - The European Commission today proposed legislation to bring greenhouse gas emissions from civil aviation into the EU Emissions Trading Scheme. The proposed directive will cover emissions from flights within the EU from 2011 and all flights to and from EU airports from 2012. Both EU and foreign aircraft operators would be covered. Like the industrial companies already ...
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CEPI urges the European Commission to take action
The Confederation of European Paper Industries has warned the European Commission that unless action is taken, innovation in the paper and pulp industry will not survive. European industry leaders made the statement as they launched a Manifesto for Competitiveness and Employment when they met with the European Commissioner for Enterprise and Industry Gunther Verheugen on 29 June. CEPI chairman ...
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Council gives green light to Commission regulation concerning greenhouse gas emission allowances to be auctioned in 2013- 2020
The Council today (Feb. 24, 2014) decided not to oppose the adoption of a Commission regulation amending Regulation No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-2020 ("back-loading") (5305/14, 5832/14). The measure will enable the Commission to delay the auctioning of 900 million allowances in the third trading period of the ...
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EU Emissions Trading System: landmark agreement between Parliament and Council delivers on EU`s commitment to turn Paris Agreement into reality
The European Parliament and Council on 9 November reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision will contribute to put the EU on track to achieving a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40% by 2030. Today's deal between Parliament and Council ...
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CPI calls for free allocation of EU ETS allowances for the paper industry
The Confederation of Paper Industries (CPI) today called for the UK Government to support the granting of free allocation of allowances to manufacturing industry in the European negotiations on Phase III of the EU Emissions Trading Scheme (EU ETS).The European Commission’s original proposals envisaged requiring industry to buy its ETS allowances after 2012. Many energy-intensive manufacturing ...
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