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EU carbon price hits record €50 per tonne on route to climate target

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.

Businesses and consumers will decide whether the EU Green Deal works

As the European Commission fleshes out its Green Deal policy unveiled by Ursula von der Leyen one year ago, companies are looking at how they fit into the picture.

EU drafts deal to upgrade 2030 climate change target next month

The European Union has drafted a deal aimed at curbing greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month.

EU should scrap emissions trading scheme, Polish official says

The European Union should scrap its Emissions Trading System or exempt Poland from the scheme, which helps combat global warming, to free up funds for Warsaw to fight the effects of the coronavirus, a senior Polish official said.
Aviation 07-10-2019

UN agency vote complicates EU’s aviation emission efforts

The International Civil Aviation Organisation (ICAO), a United Nations agency, decided on Friday (4 October) to press ahead with plans to make its emissions offsetting scheme the only global option available to its 193 member states, teeing up a dilemma regarding the EU's own system.
Energy 03-05-2019

German corporations divided on carbon price

In a debate on the potential introduction of a carbon price, an increasing number of German company associations are voicing their thoughts. Some fear their competitiveness would take a hit, while others are excited about new business opportunities. EURACTIV Germany reports.
Electricity 14-11-2018

Parliament rubber-stamps Europe’s 2030 clean energy laws

The European Parliament voted on Tuesday (13 November) a set of three clean energy laws for 2030, including binding targets for renewable energies, an indicative objective on energy savings and a separate text on the governance of the Energy Union.
Energy 26-04-2018

Carbon prices seen hitting €55 in 2030, hastening ‘major’ coal-to-gas switch

EU carbon prices are set to double by 2021 and could quadruple to €55 a tonne by 2030 if the European Union aligns its emissions targets with the Paris Agreement on climate change, according to a new report published on Thursday (26 April).
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Ministers highlight European divide over carbon price floor

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.

China launches largest carbon market in the world

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.
Climate change 15-11-2017

Carbon markets back in vogue at COP23

Carbon markets have become a vital piece of common ground for defenders of the climate. The tool is gradually extending around the world, bringing with it higher revenues. EURACTIV France reports.
Climate change 13-11-2017

Franco-German tandem under pressure to lead climate action

French and German NGOs have asked Brune Poirson and Jochen Flasbarth – state secretaries for the environment in France and Germany, respectively - to make the tandem “the engine of an ambitious European climate policy.”

EU and California to discuss linking carbon markets

The EU and California are beginning talks to potentially create a common carbon market that could also include China.

EU at impasse before final push to clinch carbon market reform

EU negotiators are split over the uses of a new clean technology fund ahead of talks on carbon market reforms on Wednesday (8 November), with the bloc keen for a deal this week to show leadership at UN climate talks in Bonn.

Carbon market reform: Much ado about nothing?

The European Parliament and several member states, including France, have excluded new coal plants from future financing under the EU’s reformed carbon market. EURACTIV France reports.

Activists denounce EU’s ‘double-faced’ climate policy

Loopholes in a draft EU law aimed at curbing global warming emissions from transport, buildings and agriculture will result in a mere 23% cut by 2030 instead of the 30% originally foreseen, environmental activists have warned, denouncing a cynical ploy by EU member states to dodge their pledges made under the Paris Agreement.

Poland wins bigger coal transition funds in reformed ETS

The European Union has offered Poland more room to subsidise the coal transition in ongoing talks on reforming the Emissions Trading System (ETS), the EU’s flagship instrument to fight global warming, a move that sent alarm bells ringing among environmentalists.
Energy 02-10-2017

Oil refiners warn increased CO2 costs could force them out of Europe

Petroleum refiners have teamed up with other energy-intensive industries to warn about EU plans to hike the cost of emitting carbon dioxide, echoing previous warnings about "carbon leakage" which critics say have failed to materialise.

Jail terms for French carbon trading scammers

A top fraudster behind a tax scam in France using EU carbon emission rights was sentenced to nine years in prison Wednesday (13 September) as authorities press ahead with prosecutions over the €1.6 billion scandal.
Climate change 04-09-2017

Carbon tax could wipe out polluters’ profits in pursuit of Paris targets

More than $1.5 trillion in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by global investment manager Schroders. EURACTIV’s partner The Guardian reports.

The EU and Switzerland link their carbon markets

The world’s first carbon trading system has found a new partner in Switzerland. EURACTIV France reports.
Future EU 17-05-2017

The EU: What happened to climate’s poster child?

The European Union, the third-largest emitter of planet-warming greenhouse gases after China and the United States, has long been held up as the poster child of efforts to save Earth's climate.

Poland challenges EU’s carbon market reform

Poland is challenging draft carbon market reforms agreed by most European Union governments this week, saying the deal is not binding because it did not have the full backing of the bloc's 28 nations, the country's environment ministry said yesterday (2 March).

EU ministers likely to oppose EU carbon market regulation of shipping

European Union member states are likely to oppose the regulation of shipping in draft reforms to the bloc’s carbon market.