Tag: carbon

Every country in the world should each make a commitment to introduce a carbon price aligned with a scientifically-validated international standard, say Stéphane Dion and Éloi Laurent.

Up to two million European Union carbon allowances (EUAs) worth as much as €14 a tonne may have been stolen from registries across the European Union in the biggest ever fraud aimed at the EU's Emissions Trading Scheme (ETS).

The EU is unlikely to meet its target of reducing energy consumption by 20% by 2020, but the decreasing cost of renewables means that an EU-wide approach to its funding could be envisaged, says Marie Donnelly, director of energy efficiency and renewable energy at the European Commission.

Delegates from 193 nations are struggling to strike a deal on steps to fight global warming before the UN Cancún climate conference's scheduled deadline of Friday 10 December. If they fail, it will herald a damaging setback for the multilateral process after the Copenhagen summit ended in disarray last year.

Providing potentially the strongest link between the EU's emissions trading scheme and sectoral approaches, sectoral benchmarks can be used for setting caps and free allocations, or can become a catalyst for linking the world's carbon markets, writes Noriko Fujiwara, head of climate change and a research fellow at the Centre for European Policy Studies (CEPS), in a May special report.