Published 19:03 on September 30, 2016 / Last updated at 00:20 on October 1, 2016 / EMEA, EU ETS / No Comments
EU carbon prices are widely expected to soar over the next 15 years, but lawmakers are juggling a dizzying array of reform options that analysts warn could still push EUAs below today’s rock-bottom levels if deployed a certain way.
EU ministers on Friday agreed a fast-track ratification process that is all but certain to bring the Paris Agreement into force in November, but the UN’s procedural manoeuvring means the move is unlikely to trigger any acceleration in climate action.
Published 20:11 on September 29, 2016 / Last updated at 21:01 on September 29, 2016 / EMEA, EU ETS / No Comments
MEPs made scant progress towards agreeing clinching ETS reform compromises on Thursday in a poorly attended session of the EU Parliament’s environment committee (ENVI), raising the likelihood that the measure will be delayed due to the ongoing political wrangling.
Published 21:43 on September 29, 2016 / Last updated at 21:43 on September 29, 2016 / Americas, US / No Comments
RGGI states are considering setting a 3.5% annual cap decline after 2020 as carbon leakage concerns leave some members wary about a push to double the market’s emission reduction rate, an analyst said on Thursday.
There should be minimum reporting requirements for nations generating carbon credits under the Paris Agreement, but countries should also be allowed to apply higher standards, New Zealand has proposed, a move that would likely fragment the global CO2 market.
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