Emissions trading scheme
How Joe Biden could effortlessly boost aviation climate action
Europe is strengthening its carbon pricing system for aviation. After having fought the policy under the Obama administration, President Joe Biden has a chance to show that the world has changed and that the US is now ready to support real climate action, argues Jakop Dalunde.
Brussels rules out double carbon compensation for EU steelmakers
The European Commission has made it clear that industries covered by the EU’s upcoming carbon border levy will no longer receive free CO2 allowances under the bloc’s carbon market, the emissions trading scheme (EU ETS).
ETS revision will include buildings and road transport, EU Commissioner says
The European Commission's upcoming June package of energy and climate laws will “propose the extension of the emission trading scheme to sectors such as building and road transport,” the EU's energy commissioner Kadri Simson said on Thursday (25 March).
COVID response to overshadow climate and industry at EU summit talks
The renewed focus on the COVID-19 crisis and delays with the European vaccination campaign are set to overshadow talks on how to align industrial policy with the EU's climate goals at an EU summit meeting on Thursday (25 March).
EU Parliament votes to retain free CO2 quotas for industry
The European Parliament has rejected proposals to phase out free CO2 pollution credits for industries covered by the EU’s Emissions Trading System (EU ETS), even as the bloc plans to gradually replace the scheme with a carbon levy at its border.
Poor countries in line to receive funds from EU carbon border levy
The future carbon border adjustment mechanism is part of the "new own resources" for the EU budget and must be used to "combat global warming" across the world, Green MEP Yannick Jadot said on Wednesday (3 March). EURACTIV France reports.
EU Commission clashes with Parliament over ‘net’ 2030 climate target
Lawmakers have denounced a “loophole” in the European Commission's proposed climate target for 2030 and pointed the finger at the EU executive for its hard negotiation style over the EU climate law.
Why the Commission is getting it wrong on climate number-crunching
The European Commission's cost-benefit analysis for its upcoming 'Fit for 55' package of green laws for 2030 is outdated, assuming an eye-watering 10% cost of capital for climate action, writes Brook Riley.
Q&A: What is China’s carbon trading scheme?
China has launched the world's biggest carbon trading system to help lower carbon emissions, but critics and analysts have raised doubts about whether it will have a signficant impact.
Carbon border levy should be in place no later than 2023, EU lawmakers say
Lawmakers in the European Parliament on Friday (5 February) backed a levy on carbon-intensive products imported into Europe, calling on the European Commission to introduce a so-called "carbon border adjustment mechanism" as quickly as possible.
China launches carbon emissions trading scheme
China launched a carbon trading system designed to drive down greenhouse gas emissions on Monday (1 February), as the world's biggest polluter takes steps towards decarbonising its economy by 2060.
China says ‘more consultation’ needed on EU carbon border levy
The European Commission needs to have further discussions with Beijing and other trading partners about its upcoming carbon border levy, a senior Chinese diplomat said at a EURACTIV event on Thursday (28 January).
UK companies use EU ETS to hedge carbon amid post-Brexit uncertainty
Some British companies are still buying permits from the EU carbon market as uncertainty over Britain's planned domestic carbon market means they can't yet use it to protect themselves against future price rises.
Competition or cooperation? EU, US enter new era of climate diplomacy
As Joe Biden takes the reins of a tumultuous America, analysts have tempered expectations about the ability of the new US administration to closely align with Europe on climate change.
EU sees carbon border levy as ‘matter of survival’ for industry
The European Union's proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit to lowering their emissions, the bloc's climate policy chief said on Monday (18 January).
UK carbon trading scheme leaves many questions unanswered
As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU's flagship emissions trading scheme (ETS).
Positive ‘tipping points’ provide fresh hope for climate, study says
Positive “tipping points” in the uptake of electric vehicles and the decarbonisation of electricity generation could spark a global transition to a climate neutral economy, scientists say, providing fresh hope in the fight against global warming.
China to launch carbon emissions trading scheme next month
China's delayed carbon trading system will start operating in February, the environment ministry has said, as the world's biggest polluter takes steps towards decarbonising its economy by 2060.
EU price on pollution hits record high in early 2021
The price of permits on the European Union carbon market has soared to record levels in the first trading days of the year, hiking costs for polluters as the EU prepares measures to enforce deeper emissions cuts.
Ship ‘coffee breaks’ not enough to avoid EU carbon charges
The European Union is on course to extend its emission trading scheme to shipping but is yet to decide which voyages should actually be included. New analysis insists that shippers should not try to game the system, as the potential savings on offer are negligible.
Worldwide coalition for carbon pricing is needed
Two-thirds of Paris Agreement signatories are using or considering carbon pricing schemes to achieve their emission reduction targets. The EU, China, and the USA should lead a worldwide “carbon pricing coalition” for the period 2030-2050, argue Jyrki Katainen and Karl-Henrik Sundström.
European transport’s green drive on the starting line
The European Commission launched on Wednesday (9 December) its vision for how to clean up transport’s emissions act, as part of a four year action plan designed to help the bloc hit its 2050 climate-neutrality target.
Europe can hit climate neutrality goal at net-zero cost: report
Although cutting emissions to net-zero by 2050 will destroy jobs and push up the costs of doing business in some sectors, it will bring gains elsewhere that will make up for the difference, according to a new study by McKinsey & company.