MEPs narrowly back EU ETS speculation curbs in preliminary vote
A narrow majority of the European Parliament’s industry committee (ITRE) on Wednesday voted to curb the role of speculative investors in the EU ETS, teeing up a tough battle among lawmakers that favour less drastic measures.
Read MoreIndustry committee MEPs set to endorse EU ETS review, compromises suggest
The European Parliament’s cross-party industry committee (ITRE) is set to largely back a Brussels plan for reforming the EU ETS on Wednesday, according to compromise amendments crafted by senior lawmakers that leave some key sticking points to other MEPs.
Read MoreThe EU’s dash for non-Russian gas could boost methane controls elsewhere
The EU’s rush to diversify its gas supply beyond Russia is giving fresh impetus to efforts to tackle methane emissions abroad, though some experts fear the bloc’s hastily-agreed supply deals lack the means to ensure leaks of the potent warming gas are plugged.
Read MoreRabobank completes its first sale of credits from carbon farming projects on Dutch and American soil
Netherlands-based Rabobank has sold the first credits generated through its pilot carbon farming project on Dutch and American soils, the bank announced on Wednesday, noting that 90% of the proceeds will flow into the pockets of the farmers taking part.
Read MoreSwitzerland misses 2020 GHG target despite pandemic, relies on offsets for UN goal
A coronavirus-induced drop in output wasn’t enough to ensure Switzerland met its 2020 emission reduction target, according to the Federal Office for Environment, adding that the country will meet its international climate obligations once its offset purchases are taken into account.
Read MoreEU industry warns of shutdown risk due to energy costs, lack of support
The EU ETS-covered ceramic industry, a key supplier to bigger emitting steel and cement producers, is in ‘survival’ mode as soaring energy costs significantly hamper its output and ability to transition to a cleaner economy, an event heard on Wednesday.
Read MoreMEPs expected to approve extension of strengthened MSR, EU nations trail
The European Parliament is expected to pass the first proposal of a mammoth climate package in a plenary vote on Tuesday, with a late Monday debate broadly reflecting lawmaker willingness to back Brussels’ line on reforming the supply-curbing MSR.
Read MoreEU taxonomy prospects worsen as war jolts bloc away from gas -sources
EU plans to label some gas and nuclear power plants as green investments face rejection by lawmakers as war in Ukraine and the resulting scramble away from Russian fossil fuels has drastically altered the bloc’s energy outlook, several EU sources have told Carbon Pulse.
Read MoreEU ETS stakeholders urge lawmakers to rethink plans to strengthen MSR
A bolder reform of the EU ETS Market Stability Reserve (MSR) could be essential to tackle high volatility, industry and research experts said on Thursday even as lawmakers appear to be eyeing softer changes.
Read MoreBrussels holds firm on EU climate efforts as steel lobby boss seeks ‘pause’
The EU must deliver its Fit for 55 (FF55) climate policy package in the face of a month-long Russian invasion in Ukraine that has further exacerbated high energy prices, the EU’s top climate official Mauro Petriccione said on Monday, rebuffing industry calls for reflection.
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