Countries such as Brazil, China and Saudi Arabia, are criticising Article 6 of the Paris Climate Agreement and its carbon offsetting mechanism even though they are currently not footing the "climate bill". A stance which climate advocates fear will weaken the entire treaty. EURACTIV France reports.
As coal-fired power stations close down across Europe, unused carbon pollution permits are slowly building up in the EU’s Emissions Trading Scheme, creating a “coal bubble” that could send carbon prices crashing, campaigners warn.
11,000 industrial sites subject to the so-called Quotas Directive are collectively reducing their emissions. However, this is not necessarily because of the European emissions trading scheme (EU ETS). EURACTIV's partner le Journal de l'environnement reports.
Antonin Pottier, a young researcher in economics at MINES Paris Tech, is highly critical in his published work of what he says is the excessive importance given to single carbon price. EURACTIV’s partner La Tribune reports.
China launched what will become the world’s largest carbon market on Tuesday (19 December), surpassing the EU’s flagship market mechanism to cap and trade emissions. The scheme is part of a host of major policies China is using to peak its GHGs by 2030.
A high tax on carbon emissions is strictly necessary to halt climate change, according to Gaël Giraud, chief economist in the French development agency (AFD). EURACTIV’s partner Journal de l’Environnement reports.
Amid calls from heavy industry to get more free pollution permits in the name of a ‘fair’ EU carbon market, Europe’s workers, taxpayers, and the climate must not be forgotten in the system’s design reform, writes Femke de Jong.
Governments are “trapped” by lobbyists, and it’s hard to fight climate change. But if young people are mobilised and turn to healthy lifestyles, there is hope, according to scientists. EURACTIV.com reports from Lyon.
EU ministers reached a compromise on reforms to the carbon emissions market yesterday (28 February), moving the European Union closer to adopting rules that are crucial to reducing greenhouse gas emissions in line with the Paris Agreement on climate change.
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.
Lawmakers in the European Parliament's environment committee this week backed more ambitious carbon market reforms than those tabled by the European Commission. Convincing the plenary, and above all the member states themselves, to follow suit may prove more of a challenge, however. EURACTIV France reports.
The founder of Poland's biggest carbon quota brokerage firm, whose name appeared in connection with the Panama Papers, has been found guilty of VAT fraud and sentenced to jail in France. Warsaw denies wrongdoing, calling the multi-billion fraud an "unfortunate incident". EURACTIV France reports.
Carbon market fraud reveals the vulnerability of the EU's banking system. The speed of trading on the carbon market, coupled with lax enforcement in Cyprus and Lithuania, allowed French criminals to steal €283 million. EURACTIV France reports.
Until the EU can agree on how to share its responsibility for climate action, it will not be able to sign the Paris deal. A high ambition coalition could accelerate this process. EURACTIV France reports.
Carbon market reform could greatly increase production costs for the steel industry from 2020, a difference the European Commission wants to offset with cheaper energy and carbon capture and sequestration technology. EURACTIV France reports.
The Paris climate agreement failed to have the desired impact on the European carbon market. Prices have fallen on the EU’s Emissions Trading System (EU ETS) since the agreement was signed in December. EURACTIV France reports.
SPECIAL REPORT / While the price of carbon remains low, support for pricing schemes is growing. Asia will soon overtake Europe as the home of the world’s biggest carbon markets. EURACTIV France reports.