EU ETS must work better for electrification to succeed -study
Europe’s push to electrify heavy industry will falter unless policymakers narrow the cost gap between electricity and fossil fuels, including via the EU Emissions Trading System (ETS), according to a new study for the European Commission.
Read MoreEurope’s wildfires could justify triggering LULUCF ’emergency brake’
This year’s wildfire season in Europe is already exceeding previous record trends, officials have warned, potentially opening the door for affected EU member states to activate a safety valve that eases their carbon sink obligations under the bloc’s regulation on land use, land use change, and forestry (LULUCF).
Read MoreEU ETS overhaul to challenge India’s steel exports -report
The European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) could make the bloc an even tougher market for Indian steel exporters unless carbon pricing and trade rules are better aligned, a global steel standards body warned on Friday.
Read MoreHidden carbon cost of inland shipping exposed while Germany bets on rivers to decarbonise
Inland water vessels emit almost a quarter of global shipping CO2 emissions despite operating on less than 1% of the world’s navigable waters, according to a major new study landing just as Germany eyes river transport for its low-carbon industrial strategy.
Read MoreBRIEFING: European Commission’s proposed CBAM changes draw fire from all sides
A number of lawmakers have said Brussels’ plan to extend the phaseout of free carbon allowances for industrial sectors under the Carbon Border Adjustment Mechanism (CBAM) until 2038 goes too far, while industry has criticized the European Commission for not including targeted support for CBAM exports.
Read MoreEU capitals handed summer homework on ETS overhaul
The EU’s 27 member states have been asked to reflect over the summer on the proposal to revise the bloc’s Emissions Trading System (ETS), with a September decision targeted on a separate proposal covering fallback benchmarks.
Read MoreHeating technicians urge bigger role in EU electrification drive ahead of ETS2
Europe’s heating and plumbing professionals have welcomed the European Commission’s new Electrification Action Plan but warned that the EU risks missing its clean energy targets unless technicians are placed at the centre of the transition from fossil fuel boilers to heat pumps.
Read MoreEU ETS proposal for waste raises warnings of loopholes and delays
The European Commission’s proposal to extend the EU Emissions Trading System (ETS) has been hailed as an important step in pricing emissions from municipal waste incineration, but some warn the transition would be too gradual.
Read MoreEU Commission greenlights Latvia’s €617 mln plan to shield citizens from ETS2 impacts
The European Commission approved on Monday Latvia’s Social Climate Plan, which is designed to soften the impact of the bloc’s new carbon market for buildings and road transport.
Read MoreBrussels ask EU states to delay methane penalties amid war-driven energy crisis
The European Commission has recommended that the EU 27 member states suspend penalties under the bloc’s landmark methane rules for three years, assuming that the current energy crisis requires a more flexible approach while leaving all compliance obligations intact.
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