France’s attempted deal on CBAM narrows as ‘hot potato’ issues sidelined
Two of the most contentious issues of the EU’s proposed carbon border adjustment mechanism (CBAM) will be dealt with separately by member states, a leaked draft showed on Monday, a move that could allow France to broker an “early deal” on the flagship file without getting stuck on controversies.
Read MoreEU plans to uphold carbon market’s MSR survive early lawmaker test
EU lawmakers snubbed efforts to weaken the EU carbon market’s supply-curbing MSR in a preliminary vote this week, though multiple hurdles remain as politicians increasingly focus on energy security concerns amid Russia’s brutal attack on Ukraine.
Read MoreLawmakers, NGOs urge EU to put embargo on Russian energy imports
Calls to put a full embargo on Russian oil and gas exports are growing louder in the EU as Moscow’s brutality against Ukraine intensifies, pushing what is still a minority of stakeholders to ask for a halt to what they see as unacceptable funding of war via the bloc’s energy purchases.
Read MoreBrussels poised to extend indirect ETS compensation provision -leaked draft
The European Commission is making plans to expand the number of industries eligible to receive indirect ETS cost compensation under state aid guidelines, according to a leaked draft seen by Carbon Pulse on Wednesday that signals an apparent U-turn in policy.
Read MoreBrussels revises energy plan amid tougher stance towards windfall profits
A strategic document on how the EU could tackle surging energy prices and increase carbon market oversight has been delayed by a week, as Brussels officials craft bolder plans in light of the heightened risk of disrupted gas supply from Russia.
Read MoreEU makes plans for Russian gas cut-off, upholds climate goals
The EU should prepare for a substantial loss of gas supply from Russia in retaliation for the bloc’s sanctions, Energy Commissioner Kadri Simson said on Monday, insisting member states had the means to cope should flows be disrupted.
Read MoreUPDATE – EU seeks to force large companies to check suppliers’ climate credentials -leaked draft
The European Commission aims to oblige big companies to align their supply chains with 1.5C global warming limits, according to a draft bill set to be unveiled on Wednesday that could have an impact far beyond the bloc’s borders and even spur corporate demand for carbon credits.
Read MoreEU carbon border plans remain sticking point in relations with Africa, experts say
The EU’s proposed carbon border adjustment measure (CBAM) was kept on the sidelines of a summit between the EU and the African Union late last week, but experts believe the levy is likely to cast a shadow on trade relations between the two continents.
Read MoreBrussels plans event to gather views on EU carbon market oversight
The European Commission is planning to host a high-level expert event on carbon oversight towards the end of next month, seeking diverse views on how to respond to a long-awaited financial watchdog report, according to leaked plan seen by Carbon Pulse on Friday.
Read MoreGerman researchers, NGOs urge changes to domestic ETS to help it gain social acceptance, prep it for EU transition
German citizens should already get rebate payments from the country’s carbon pricing on buildings and road transport rather than the government’s pledged 2026 start to its ‘Klimageld’ social compensation mechanism, according to an NGO-commissioned report published on Thursday.
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