High gas prices, combined with a recent decision to raise the EU’s climate goals for 2030, have combined to form a “perfect storm” on the EU carbon market, according to a market analyst who predicts a carbon price of €90 …
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.
Some industry groups have called to maintain free CO2 allowances in addition to the upcoming carbon border levy. Their addiction to subsidies must be brought to an end, otherwise Europe risks triggering a trade war that would also undermine the EU's climate leadership, write Connie Hedegaard and Pascal Lamy.
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.
The EU has clearly fallen short in communicating its upcoming carbon border levy abroad, including on how it intends to use the revenues raised by it. Fortunately, it still has time to fix these shortcomings, write Anne Gläser and Oldag Caspar.
Geeky, technical work on how to create a carbon price for buildings and road transport that incentivises change without being too high is key to the extension of the emissions trading scheme, writes Brook Riley.
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.
A carbon tax on the fuel used to heat Europe's buildings is the most effective price signal to decarbonise Europe's building stock, which is in desperate need of renovation to meet the EU's climate ambition, writes Oliver Rapf.
An EU-wide emissions trading system for the transport and building sectors would secure the financing of low carbon solutions and support lower-income households and member states through the redistribution of carbon pricing revenues, argue Matthias Buck and Andreas Graf.
The European Commission's commitment to create a "climate social fund" is very welcome but its design will be crucial if it is going to have an impact on building renovation, write Louise Sunderland and Samuel Thomas.
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).
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.
Carbon prices on the EU emissions trading scheme are currently rising too fast, making the market extremely volatile, but it seems the European Commission has no effective stabilising tool to tackle this, writes Robert Jeszke and Sebastian Lizak.
As European leaders meet today to discuss the share of emissions reductions across Europe, they must focus on how to do this effectively and avoid the possible repercussions of expanding the emissions trading scheme, writes Marcin Korolec.
The amount of permits in circulation in Europe's carbon market increased last year, as the COVID-19 pandemic caused emissions covered by the scheme to drop, the European Commission said on Wednesday (12 May).
A senior EU official on Tuesday (11 May) defended European Commission plans to extend the bloc's carbon market to road transport, arguing that revenues generated could be used to offset the effects of higher fuel prices on the poorest in society.
The European Union’s head of climate change policy warned against policymakers intervening in the carbon market on Friday (7 May), after the price of EU carbon permits soared this week to record highs.
The European Union carbon price hit a record high of above €50 per tonne on Tuesday (4 May), a key milestone in what analysts say is likely a long-term climb towards the price levels needed to trigger investments in innovative clean technologies.