Emissions trading scheme

21-01-2022

Austria to give out annual €200 ‘climate bonus’

Austrian parliament has passed a climate levy on fossil fuels as a part of the much-praised eco-social tax reform. Passed on Thursday (20 January), the reform will see the levy paid back to taxpayers in the form of a climate bonus.

Parliament drafts energy poverty definition as part of EU social climate fund overhaul

The two lawmakers in charge of drafting the European Parliament’s position on the EU's new social climate fund have gone a step further than the European Commission's initial proposal by drafting a definition of both energy and transport poverty.

Lawmakers criticise plan for ‘CBAM reserve’ in EU carbon market reform

An EU lawmaker’s proposal to put aside free pollution permits for industry in case plans to replace them by an external EU carbon tariff fails, has been criticised by his fellow lawmakers in the European Parliament.
13-01-2022

Lawmaker offers households temporary opt-out from EU’s new carbon market

European Union countries should be able to temporarily remove households from the bloc's planned carbon market for buildings and road transport, according to an early draft of the European Parliament's negotiating position on the policy.
10-01-2022

Brexit decision left UK firms paying 10% more than EU rivals for emissions

Government refusal to link carbon market to EU’s has led to higher cost for British businesses, reports EURACTIV's media partner, The Guardian.

EU’s proposed social climate fund comes under fire from all sides

At a meeting in Brussels on Monday (20 December), EU environment ministers criticised the European Commission’s proposal for a social climate fund that would support vulnerable households through the energy transition. Their motives, however, diverged widely.
08-12-2021

EU carbon price could hit €100 by year end after record run – analysts

Europe's benchmark carbon price is on track to hit €100 a tonne by the end of the year, analysts said, after it reached a new record high of €89.37 a tonne on Wednesday (8 December), marking a near 50% rise since the start of November.
25-11-2021

Europe’s energy price hike fuelled by speculators, Spain and Poland say

In the face of rising energy prices, Spain and Poland have called for trading limits to be placed on the world’s largest carbon market, the EU Emissions Trading Scheme (EU ETS). Market analysts, however, say speculative positions are currently too small to be statistically significant.
06-10-2021

EU climate chief hints that ETS will be left out of ‘toolbox’ to tackle rising energy prices

“Playing around with the emissions trading scheme” would only have a “very small” impact on the current energy price crunch, EU climate chief Frans Timmermans said on Wednesday (6 October) as he walked into a meeting of EU environment ministers in Luxembourg.
Energy 04-10-2021

Energy price crunch risks derailing UN climate talks, Iberdrola warns

The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior executive at Spanish power firm Iberdrola.
Electricity 15-09-2021

Record high power prices make case for faster green transition, EU says

Record high power prices in European Union countries show the bloc must wean itself off fossil fuels and speed up the transition to green energy, the EU's top climate change official said on Tuesday (14 September).
03-09-2021

EU urges markets to ‘keep calm’ as carbon price hits €60 record

A senior European Commission official insisted on delivering “a message of calm” during a EURACTIV event on Thursday (2 September), as CO2 prices rose for the first time above the €60 threshold on the EU carbon market.
Energy 13-08-2021

Spain says EU rejects its request to change power pricing mechanism

The European Commission has rejected a Spanish request to change the rules that underpin member states' electricity markets as power prices in the country hit record highs, Spain's Energy and Environment Minister Teresa Ribera said on Thursday (12 August).
Economy & Jobs 27-07-2021

Critics warn carbon price proposal would exacerbate energy poverty

Energy poverty could be exacerbated ad prices rise under the European Commission's proposed revamped emissions trading scheme, the European Trade Union Confederation (ETUC) has warned, with other stakeholders raising similar misgivings. 
22-07-2021

Poland gears up for fight over EU climate cash

Poland wants more EU money to finance its green transition. But getting its hands on EU cash will require the government to put forward a credible roadmap for the country’s energy transition, which is currently lacking. EURACTIV’s media partner, Wysokie Napięcie, reports.

EU industry shuns carbon border levy, calls for export rebates

European industries covered by the EU's future carbon border adjustment mechanism (CBAM) have expressed doubts about the proposal, tabled last week. In addition to border measures, they are calling for an export rebate scheme to help green EU products compete on global markets.
20-07-2021

EU ministers attack plans to extend carbon pricing to heating, transport

EU environment ministers expressed "quite a lot of reservations" about European Commission plans to set up a second emissions trading scheme for road transport and buildings at their first meeting since Brussels tabled the proposal last week.

Carbon market overhaul shifts EU’s climate policy focus on industry, fairness

With its proposed reform of the EU Emissions Trading Scheme (EU ETS), the European Commission is bringing carbon pricing policies to new areas such as shipping, road transport, and buildings. However, it is the fate of industry and ordinary people that is getting all the political attention.

LEAK: New EU fund aims to cushion social impact of climate policies

The European Commission will launch a social fund to help alleviate the societal costs of its climate legislation, particularly its plan to expand the emissions trading scheme (ETS) to buildings and road transport, according to a leaked draft seen by EURACTV.

Europe’s ‘Fit for 55’ climate package: What to expect

On Wednesday (14 July), the European Commission is due to table a package of energy and climate laws aimed at reaching the EU's new, more ambitious climate goals. EURACTIV gives you the lowdown on the plan.
01-07-2021

LEAKED: The EU’s carbon market reform proposal

A draft of the EU’s revised Emissions Trading Scheme confirms the European Commission’s intention to tighten the cap placed on CO2 emissions from industry and extend carbon trading to cover shipping emissions as well as road transport and heating fuels.
28-06-2021

EU drafts plan to toughen carbon market

The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors, Bloomberg News reported on Sunday (27 June).

EU plans ‘climate action social fund’ to shield citizens from rising carbon prices

The European Commission will set up a fund to support vulnerable households if their fuel bills increase as a result of its plan to expand carbon pricing to transport and buildings' heating systems, the EU's climate chief said on Wednesday (9 June).
Climate change 07-06-2021

LEAK: Germany backs carbon pricing extension in EU climate policy overhaul

The German government is backing an extension of European Union carbon pricing and an end to free carbon permits for airlines as the bloc prepares new measures to help meet climate change targets, according to a document obtained by EURACTIV.