Poorer EU countries will be given profits from the sale of carbon emissions allowances to modernise their energy infrastructure, in return for backing a binding 40% greenhouse gas reduction target last October.
Energy intensive industries will continue to receive free carbon emissions allowances, as compensation for the EU’s stricter climate rules, under planned reforms to the EU’s Emissions Trading System (ETS), but fewer will be granted.
Reforming the European Union Emissions Trading System in 2020 could raise €80 billion for the fight against climate change, which could help fund climate adaptation in developing countries. EurActiv France reports .
The European Commission’s proposal for a reformed emissions trading scheme (ETS) should make a real contribution to the global fight against climate change. But it should also restore the competitiveness of Europe’s aluminium industry, writes Gerd Götz.
Air quality, energy policy, the Circular Economy and the new Common Fisheries Policy are among the main challenges facing Luxembourg , which assumed the rotating presidency of the Council of the EU on 1 July. Journal de l'environnement reports .
A new proposal from Latvia, holder of the EU Presidency, puts forward a date of 1 January 2019 to start reforms of the Emissions Trading System (ETS), according to EU sources, as part of efforts to seal a compromise deal.
The European Parliament’s environment committee will decide on Tuesday (24 February) whether it wants the reformed Emissions Trading Scheme to start applying at the end of 2018 or earlier. A blocking minority of EU member states are pushing for an early start date. EurActiv Czech Republic reports .
On Thursday (22 January) a European Parliament committee, rejected a previous vote to begin carbon market reforms in 2021, clearing the way for another Parliament body next month to back action to prop up the EU Emissions Trading System (ETS).
The reduction in oil prices should be a good opportunity for Europe to put in place the appropriate tools for combating climate change, and to start the transition to a sustainable economy, writes Alberto Majocchi.
2014 marks the centenary of the commercial aviation industry. Over the past 100 years, aviation has played a major role in facilitating movement of both people and goods and driving innovation, supporting economic growth in most parts of the world
EXCLUSIVE: EU legislation to ensure gender equality on company boards, to extend maternity leave, and to reduce air pollution and landfill should be killed off, a leading business lobby organisation has told the European Commission.
EXCLUSIVE / Four Fortune 500 companies have written to the UK’s energy minister, Ed Davey, calling for the rapid cancellation of two billion carbon allowances as EU energy and environment ministers begin two days of high-stakes policy talks in Brussels.
Europe’s depressed carbon markets are to be given an automatic ‘market reserve’ facility allowing at least 100 million carbon allowances – or 12% of the market – to be withheld or released to buoy prices, according to a document set for release on 22 January.
Tightening a Commission proposal to reduce shipping emissions would bring greater CO 2 cuts as well as lowering operational costs for shipowners by up to €9 million a year, according to a new study published today (9 January).