Green steel, green ammonium, green plastics, green aluminium and green shipping can be within reach in a world with renewables at 3$ct/kilowatt hour and a carbon price of $50+/ton CO2, with limited costs to the global economy, argue Auke Lont...
A group of sixteen European energy companies including France’s EDF, Germany’s E.ON, and Denmark’s Ørsted, have proposed introducing a carbon price floor at European or regional level, as a way to the speed up the transition to a low-carbon economy.
EU carbon prices could average €35-40 per tonne over 2019-2023, accelerating the switch from coal to gas and questioning the rationale for keeping old coal and lignite power plants running beyond 2021, said a new report by Carbon Tracker released on Tuesday (21 August).
While France is pushing for the implementation of a carbon price floor at EU level and is looking for allies in the bloc, Poland sees energy storage technologies as key to a successful European climate policy.
A working group of the UN's International Maritime Organisation (IMO) released an interim strategy on 6 April, which calls on international shipping to reduce total annual greenhouse gas emissions from 2008 levels by at least 50% by 2050.
Paris will push for a carbon price floor at EU level, complete with a carbon tariff at Europe's external border for countries that don't sign up to the Paris Agreement, French President Emmanuel Macron said in Brussels on Thursday (22 March).
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.
With renewable electricity costs going through the floor, the EU should increase its 2030 targets and aim for close to zero carbon electricity by 2040. But while power decarbonisation is crucially important, it will not be sufficient to deliver a truly zero carbon economy, writes Adair Turner.
The recently adopted reform of the EU Emissions Trading Scheme (EU ETS) is insufficient to trigger cost-efficient decarbonisation of the economy, argue Christian Flachsland and Anna Leipprand. A carbon floor price that starts at a significant level and rises over time would address the problem, they write.
Isabelle Kocher, the CEO of Engie, wants to "accelerate" the energy transition. After the COP23 in Bonn, she warns that Europe is "running out of time" and supports both "very high and mandatory" targets for energy savings, and for a carbon price floor.
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.
Prices for many sources of energy do not reflect their true environmental and social costs, writes Thomas Nowak who proposes abolishing fossil fuel subsidies as one of four necessary measures to drive the transition to a low-carbon economy.
The next phase of the EU Emissions Trading System (ETS) will nearly quadruple European refiners' carbon costs to around 23 euro cents per barrel, up from six cents now, the head of the European refiners' industry body said on Tuesday.
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.
The association of power companies working under the 'Magritte Group' umbrella, called on Tuesday (8 December) for carbon pricing, rather than renewable energy targets, to be the main tool for fighting climate change.
Years of inaction on climate change have significantly held back the world’s economic growth, according to the secretary general of the OECD. But fossil fuel subsidies are still commonplace, Angel Gurría told EURACTIV partner La Tribune.