Emissions trading scheme
Buildings decarbonisation can make or break the Green Deal
Est. 6minBuildings and transport are the two most crucial sectors to decarbonise to meet EU’s 2030 climate targets. However, they are also have the most directly affect on EU citizens in their daily lives, as the choice to undertake energy renovations …
Industry cannot rely on negative emissions for 2039 climate target, experts say
Est. 5minIndustry should not rely on negative emissions to compensate for the ending of new EU Emission Trading Scheme (ETS) allowances from 2039, experts have told Euractiv.
CBAM: European businesses grapple with ‘bureaucratic madness’
Est. 5minThe EU’s CO2 tariff continues to provoke basic operational questions within the business community, even though companies are already subject to its formal reporting obligations.
Spain calls for close monitoring of ship movements amidst ‘carbon leakage’ fears
Est. 4minA closer monitoring of the consequences on European ports of the EU's Emissions Trading Scheme extension is needed, according to Spain's position expressed at Tuesday's (18 June) Transport Council.
Carbon pricing: Economists question lump-sum payouts to households
Est. 4minWhile many economists have long advocated introducing a 'climate dividend' to avoid social tensions caused by carbon pricing, a group around Nobel-prize winner Joseph Stiglitz questioned this approach in a paper released on Monday (17 June) in Nature Climate Change.
New EU scheme could hike petrol, gas prices higher than expected, key lawmakers admit
Est. 5minThe EU’s new carbon pricing scheme for road and heating fuels (ETS2) – set to be introduced across the bloc in 2027 – could lead to higher price hikes than initially thought, key lawmakers told Euractiv.
Europe’s industrial decarbonisation at risk amid sharp drop in CO2 price
Est. 5minThe sharp drop in the EU's CO2 price, caused by high energy prices and political uncertainty, risks the carbon market's credibility – and becomes an obstacle to the bloc's industrial decarbonisation.
Czech steel industry unprepared for EU decarbonisation
Est. 3minThe Czech steel industry is unprepared for decarbonisation, not only technologically but also financially, making it difficult to implement the EU’s decarbonisation plans, experts say.
What to make of Europe’s upcoming carbon management strategy
Est. 6minThe EU’s upcoming CO2 management strategy will propose sequestration of up to 650 million tonnes per annum by 2050 and kick off a controversial debate about the future of the bloc’s emissions trading scheme.
2023: A bumper year for Germany’s renewable electricity sector
Est. 5minGermany’s power sector emissions dropped to their lowest level in 70 years in 2023 while moving past the 50% threshold for renewable electricity production for the first time. However, this is partly attributed to falling industrial production, casting doubt on the country's performance.
EU Commission postpones reintroduction of steel tariffs until after US election
Est. 4minThe EU Commission on Tuesday (19 December) announced that it would keep tariffs on US steel and aluminium suspended until March 2015 with the goal of reaching a deal on green steel and aluminium until then.
UK to implement carbon tariff by 2027, mirroring EU scheme
Est. 2minBritain said on Monday (18 December) it would implement a new import carbon pricing mechanism by 2027, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonisation efforts.
Austria’s centre-left aims at the country’s CO2 price
Est. 2minAustria’s centre-left SPÖ wants to suspend the country’s carbon price to soften the blow of persistently high inflation, echoing a previous demand from the far-right.
Recyclers concerned over EU plans to give free carbon credits to steel plants
Est. 5minEuropean recyclers have raised concerns over plans to hand out free CO2 allowances to steelmakers, saying the methodology considered by Brussels puts recycled steel scrap at a disadvantage compared to primary steel made from iron ore, which is more polluting.
France unveils 2030 energy targets, criticised by environmental NGOs
Est. 3minThe document that sets out France’s 2030 energy targets and was submitted for public consultation that the Energy Ministry unveiled on Wednesday has insufficient data to judge the actions taken by the public authorities, the Climate Action Network France said on Wednesday.
EU urged to do more to build carbon removals market
Est. 6minBusinesses remain sceptical that a new EU certification framework for carbon removals is sufficient to generate a self-sustaining market, arguing Brussels must do more to make removing carbon from the atmosphere financially attractive.
The Brief – Unjust transition ahead
Est. 8minEurope must spend hundreds of billions of euros in the coming years to reach its climate targets, but with public spending limited by strict budget rules, it will be mostly consumers footing the bill.
UK sued for counting wood burning with carbon capture as ‘negative emissions’
Est. 6minEnvironmental groups are taking the UK government to court on Monday (13 November) over plans to spend billions on Biomass with Carbon Capture and Storage (BECCS), a technology aimed at removing CO2 from the atmosphere that is also being promoted by the European Union.
Berlin warned of €200 EU carbon price shock on fuel, heating bills
Est. 4minA lack of climate action will see the EU’s future 2027 carbon price on fuel for cars and homes soar to above €200 per tonne, German researchers warn, suggesting to ramp up domestic carbon prices now in order to avoid a price shock.
EU carbon price to hit €400 mark with 90% climate goal: analysts
Est. 5minThe European Union’s new climate commissioner, Wopke Hoekstra, made written commitments on Wednesday (4 October) to defend a 90% cut in net greenhouse gas emissions by 2040, a move that financial analysts say will send EU carbon prices above the €400 mark.
Europe’s carbon border tariff starts applying, causing jitters for trade
Est. 5minThe first phase of the EU's Carbon Border Adjustment Mechanism (CBAM) kicks in on Sunday (1 October), obliging exporters in six carbon-intensive industrial sectors to report their emissions to EU authorities.
US, Norway use taxes, credits to lead world in carbon management
Est. 6minDeployment of carbon capture and storage (CCS) needs to increase at least 100-fold by 2050 for the world to meet its net-zero emissions goals. The US and Norway illustrate how effective government policy can help achieve this, write Jarad Daniels and Nils Rokke.
Why a European Central Carbon Bank would help stabilise EU climate policy
Est. 7minThe establishment of a European Central Carbon Bank could prove especially beneficial to regulate prices on the EU carbon market. If placed in Central-Eastern Europe, it could be a strategically important factor in achieving Europe’s climate goals, argue Robert Jeszke and Sebastian Lizak.
How carbon pricing affects Europe’s decarbonisation
Est. 6minReforms undertaken as part of the European Green Deal, including the recent update of the EU Emissions Trading Scheme (ETS), are helping to accelerate the EU's decarbonisation, write Gabriel Papeians and Stefan Feuchtinger.