After more than a year of negotiations, EU member states have come up short in their efforts to find common ground on a carbon market reform seen as necessary if the ambitions of the Paris Agreement on climate change are to be met. EURACTIV France reports.
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 European Parliament backed a plan on Wednesday (3 July) to support carbon prices by withdrawing part of the emission permits traded on the EU's carbon market. Prices jumped up after the vote but remained low as national parliaments still have to ratify the proposal.
The powerful employers’ group BusinessEurope has called on European Commission President José Manuel Barroso to radically shift the EU's energy policy away from climate change mitigation towards cost-competitiveness and security of supply.
EXCLUSIVE / An EU plan to “backload” or withhold 900 million carbon allowances to see-saw their falling price, rejected by the European Parliament in a plenary session last week, could return for a ‘second-round’ vote in June.