About: EU ETS

Berlin pushes for a €60 minimum price on EU carbon markets

Discounting allegations of speculation on the EU carbon market, Berlin is throwing its weight behind a minimum price of €60 per tonne of CO2, saying it will ensure this through national measures if the EU does not take action.

EU lawmakers soon to vote half the bloc’s flagship climate package

The European Parliament's environment committee (ENVI) will vote on Monday and Tuesday (16-17 May) on half the texts in the European Commission's flagship Fit for 55 package aimed at reducing greenhouse gas emissions by 55% by 2030.

Idea of carbon price ‘corridor’ resurfaces in France

The recent surge in CO2 prices on the EU carbon market has revived the idea of introducing a "price corridor", with a maximum and a minimum, in order to ensure greater market stability. EURACTIV France reports.

EU carbon market reform and price stability

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As the European Union revises its carbon market to align with the bloc's more ambitious climate objectives, calls are growing to make the EU's flagship climate policy tool future-proof and prevent wild price fluctuations.

Meddling with EU carbon market could have ‘unintended consequences’, MEP says

A leading European Parliament lawmaker has warned against the potential “unintended consequences” of intervening in the EU carbon market, amid growing calls from some governments and industries to curb the activity of financial actors taking speculative positions in the EU emissions trading scheme (EU ETS).
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‘Fit for 55’ climate policies must be ambitious without undermining industry’s ability to invest in decarbonisation

Access to affordable clean electricity and a global level playing field on carbon pricing are crucial for the ability of energy-intensive industry in Europe to invest in decarbonisation. When EU Environment Ministers meet to discuss the revision of the EU ETS this week, they should look for a framework that puts Europe on track for carbon neutrality.

Lead EU lawmaker proposes carbon market rules to respond to price spikes

The European Parliament's lead lawmaker on reforms to the EU carbon market on Wednesday proposed rules to make it easier for policymakers to intervene in the scheme if prices rise too fast.

Europe’s carbon border levy could pose another post-Brexit challenge for Ireland

The European Union is planning to introduce a levy for carbon-intensive goods later this decade, but it risks creating more post-Brexit problems on the island of Ireland and landing importers of UK goods with potentially expensive new procedures.

PM Morawiecki: The EU ETS system driven by speculators must be reformed

The current concept of the EU Emissions Trading Scheme (EU ETS) is flawed. Instead of serving a sustainable and equitable climate policy, CO2 emissions trading has become a tool for speculation, writes Mateusz Morawiecki.

Europe’s energy price hike fuelled by speculators, Spain and Poland say

In the face of rising energy prices, Spain and Poland have called for trading limits to be placed on the world’s largest carbon market, the EU Emissions Trading Scheme (EU ETS). Market analysts, however, say speculative positions are currently too small to be statistically significant.

LEAK: New EU fund aims to cushion social impact of climate policies

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.

What will be the cost of including transport and buildings in the EU ETS?

The EU Emissions Trading System (ETS) has proven to be an effective tool in driving emissions reductions. Installations covered by the ETS reduced emissions by about 35% between 2005 and 2019.

Is anyone able to control the carbon price?

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.
Climate change 10-12-2020

Worldwide coalition for carbon pricing is needed

Two-thirds of Paris Agreement signatories are using or considering carbon pricing schemes to achieve their emission reduction targets. The EU, China, and the USA should lead a worldwide “carbon pricing coalition” for the period 2030-2050, argue Jyrki Katainen and Karl-Henrik Sundström.

EU Climate Law: ‘In nobody’s interest for Germany to ‘fall flat on its face’, says Renew MEP

After long negotiations, MEPs voted on Tuesday (6 October) in favour of further increasing the bloc's emissions target to 60% by 2030. In a double-interview with EURACTIV Germany, two German MEPs discuss what this could mean for the EU and Germany, as well as how the new target could be achieved.
Energy 17-09-2020

German industry sceptical of EU’s new 2030 climate goals

The European Commission will present today (17 September) detailed proposals to reduce carbon emissions in the EU by 55% below 1990 levels by 2030. While German industry officially welcomes the new ambitions, it is also clearly sceptical. EURACTIV Germany reports.

France calls for carbon price floor to counter oil crash

The COVID-19 crisis should strengthen Europe’s resolve to achieve the climate objectives of the Paris Agreement by triggering policies that maintain fossil fuel prices above a minimum level, French authorities have said.

EU sticks to carbon reporting deadlines, rejects industry calls for coronavirus delay

An EU-wide April 30 deadline for firms to surrender emissions trading system (ETS) carbon allowances will stand, the European Commission said, despite calls from the cement and steel industry to extend it due to the coronavirus pandemic.

German CO2 emissions dive amid coronavirus slump

The COVID-19 pandemic is having a dramatic impact on Germany's demand for electricity. According to initial projections, Germany could emit between 50 and 120 million tons less CO2 this year, meaning it could even exceed its climate target. EURACTIV Germany reports.

What will Germany’s coal phase-out mean for the EU carbon market?

When Germany eventually closes its coal-fired power plants, millions of CO2 pollution credits will be flushed into the EU emissions trading system, threatening to send the EU carbon market crashing. EURACTIV Germany reports.
Climate change 23-01-2020

Germany’s official 2018 emission figures are better than expected

Germany has sent the EU Commission its official emissions figures for 2018, which are slightly lower than the previous year. Most reductions were made in the energy sector, while transport and agriculture still lag behind. Yet, Germany will not miss its climate targets for this decade as was initially anticipated. EURACTIV Germany reports.

Extending EU carbon market must not hinder more urgent reforms

The European Commission’s proposal to include new sectors in the EU Emissions Trading Scheme (ETS) is not expected to significantly reduce emissions but could risk the stability of the EU’s carbon market and the decarbonisation of the power sector, argue Outi Haanperä and Verena Graichen.

Achieving 1.5°C warming goal requires rapid reform of EU carbon market

To deliver quick results at least political cost, the European Commission should focus on two measures when revising the EU Emissions Trading Scheme: strengthening the cap and enhancing the Market Stability Reserve (MSR), write Mari Pantsar and Outi Haanperä.

Road transport in the EU ETS: A high-risk, low-reward strategy

The Emissions Trading Scheme (ETS) is not a good instrument to cut road transport emissions because it will raise petrol prices and fuel popular discontent, as seen in the past with the ‘Gilets Jaunes’ protests, writes William Todts. Road emissions...