Opposition against second EU ETS firms, as lawmakers seek “complete deletion”
Opposition against a proposed second EU carbon market for buildings and transport is hardening among lawmakers, with measures seeking to kill the idea featuring strongly among the 1,600 amendments submitted ahead of a deadline on Wednesday.
Read MoreLawmakers tussle over how new EU climate fund can best help the poorest
European lawmakers are getting to grips with the design of a proposed new social fund meant to help the poorest households counter the potentially regressive elements of EU climate policy, seeking to ensure the money ‘lands with the right people’.
Read MoreEU has the right to pass on new carbon price to oil majors -report
The EU has the legal means to ensure oil majors bear the brunt of costs from a new ETS for buildings and road transport, according to an NGO-commissioned report published on Thursday that seeks to avoid unfairly hitting poorer households.
Read MoreMEPs far from compromise on EU ETS reforms amid free allocation spat
EU lawmakers remain at odds over how best to shape the bloc’s carbon market nearly a month after the release of a draft report, the bloc’s parliament heard on Thursday as key MEPs looked unwilling to compromise on core elements.
Read MoreKey EU lawmaker plans “careful” ETS price intervention amendment
German MEP Peter Liese said on Thursday that he plans to make a “careful” amendment to the EU ETS mechanism meant to prevent price spikes that wouldn’t “exaggerate the issue”.
Read MoreCampaigners fear EU’s gas-backing taxonomy may prompt weakening of standards
Campaigners fear EU plans to allow some gas facilities to get a green investment label may have wider repercussions, notably a watering down of climate standards deployed by the bloc’s investment bank.
Read MoreANALYSIS: Voter concerns to curb prospects for EU governmental carbon trade
Establishing steeper 2030 EU emission reduction targets for hard-to-abate sectors falling outside the bloc’s ETS is expected to make cross-border transfers an increasingly attractive option for high-income nations struggling to meet goals exclusively through domestic climate action.
Read MoreLow-cost airlines, NGO urge Brussels to target long-haul flight emissions
Brussels should more aggressively target long-haul flight emissions under ETS reforms, an alliance of four short-haul airlines and a clean transport NGO said on Friday, noting how failing to do so would leave the bulk of the EU’s aviation-induced emissions unregulated.
Read MoreEU lawmaker calls for CBAM-like measures for oil and gas imports
An EU lawmaker has called for border safeguards on oil and gas imports to help ensure the bloc’s industry remains competitive as new methane-curbing regulations take effect, a conference heard on Thursday.
Read MoreEU proposes green taxonomy rulebook in face of criticism over gas, nuclear
The European Commission released its long-awaited second delegated act of the Taxonomy Regulation on Wednesday, largely sticking to plans to label some gas and nuclear power plants as green investments despite heavy criticism.
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