Tag: carbon market

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.

A review of the Emissions Trading System (ETS) has been brought forward a year, offering “a golden opportunity” for a re-examination of the current rules to prop up the depressed carbon market, said Connie Hedegaard, the EU's Climate Action commissioner.

A proposal to set aside carbon credits in the EU's Emissions Trading Scheme (EU-ETS) to prop up the price of CO2 is bad for the credibility of the ETS and bad for European competitiveness – especially the chemicals industry, writes William Garcia from CEFIC.

As a ‘coalition of the unwilling’ meets in Moscow to debate retaliatory measures against the EU’s inclusion of airlines in the Emissions Trading System (ETS), a senior Airbus executive has warned of a ‘trade war’.

Countries opposing an EU law that charges airlines for carbon emissions should consider seeking waivers by adopting equivalent emission reduction measures, the EU's new ambassador to India said yesterday (23 January).

A proposal allowing eastern European member states to bank some €3.2 billion of unused carbon credits if they agree to extend the EU’s emissions reductions target from 20% to 30% was made in a policy paper at the Durban Climate Summit last month, seen by EurActiv.

The reported killing of 23 Honduran farmers in a dispute with the owners of UN-accredited palm oil plantations in Honduras is forcing the Clean Development Mechanism (CDM) executive board to reconsider its stakeholder consultation processes.

European steelmakers said they started legal action on Thursday (21 July) to overturn the way the sector has been included in the European Union's carbon market.

The Australian government's decision to set the carbon tax in its new CO2 trading scheme too high may trigger a market shock when the price free-floats in 2015, analysts warned.

Peter Vis, the chief of staff of EU Climate Commissioner Connie Hedegaard, has broken with protocol to warn that the European Commission's draft Energy Efficiency Directive could "undermine" the bloc's carbon market.

Carbon market queasiness resurfaced yesterday (19 May) when a vote on plans to disguise the serial numbers of EU carbon allowances (EUAs) was postponed to give member states more time for debate.

A tussle between different designs of plugs used in prototype electric cars has derailed an attempt to create a common European standard, highlighting industrial jealousy as the sector attempts to go mainstream.

A legal challenge to draft EU rules for including steel plants in Europe's carbon emissions market is being planned by industry body Eurofer.

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's climate chief yesterday (25 August) said the European Commission was preparing measures to limit the use of carbon credits from industrial gas projects in its cap-and-trade system after 2012.

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.

Hungary's sale of 'used' carbon credits - or 'hot air' as environmentalists call them - had harmed the reputation of cap and trade, an industry lobby said on Friday (20 March), but analysts expected little price impact.