Key EU lawmaker plans to propose steps to curb carbon market “manipulation”
The EU lawmaker steering ETS reform is working on measures to prevent carbon market “manipulation”, he said on Friday, vowing to ensure such steps don’t punish companies with emissions obligations.
Read MoreEU industry slams parliamentary proposals for quicker CBAM phase-in
The European cement industry has reacted strongly against calls for EU carbon border measures to more quickly replace the sector’s free allocation of EU ETS allowances, arguing that this would strike a fatal blow against the competitiveness of the bloc’s producers.
Read MoreECB member seeks efforts to curb inflationary impact while keeping green deal on track
Persistently high energy prices risk leading to unsustainable inflation that may push the European Central Bank (ECB) to raise its initial forecasts, ECB board member Isabel Schnabel said on Saturday, stressing that the bloc’s climate policies likely mean high energy values will linger or even increase further.
Read MoreEU lawmakers pick up pace on ETS reforms in new year
EU Parliamentarians are set to table key ideas for ETS reforms in the coming weeks, with a senior MEP this week recommending sticking to plans to maintain the supply-regulating MSR current 24% annual absorption rate.
Read MoreLead MEP urges EU to sharply boost its carbon sink by 2030
The EU should target a carbon sink of at least 490 MtCO2e by 2030 under its land use, land-use change and forestry (LULUCF) regulation, a key European Parliament member said in a draft report published this week, a tougher goal than the 310 MtCO2e level proposed by the Commission.
Read MoreKey EU lawmaker seeks quicker introduction of carbon border measures
The EU’s proposed Carbon Border Adjustment Mechanism (CBAM) should fully replace free EUA allocations by no later than 2028 if the bloc is serious about meeting its 2030 climate goals, the European Parliament’s lead lawmaker on the issue said in a draft report on Wednesday.
Read MoreCarbon border schemes face multiple real-world hurdles -researchers
Border carbon adjustments risk being imperilled amid a raft of legal and implementation constraints that could undermine any climate benefits, researchers warned in a paper published this week.
Read MoreFrance seeks to broker “early deal” on CBAM to secure EU industry’s trust
France is seeking to strike a early deal among EU countries on the bloc’s proposed carbon border adjustment mechanism (CBAM) under its upcoming six-month term as holder of the EU Council presidency, according to a government official.
Read MoreBrussels outlines plans for how carbon pricing will repay EU’s recovery debt
The European Commission proposed on Wednesday to channel some of the expected revenues from its planned carbon border adjustment mechanism (CBAM) and extended ETS towards repaying debt raised to finance the bloc’s €800 billion post-pandemic recovery fund.
Read MoreAs deeper emissions goals loom, EU ministers resume fight over fair shares
Several EU environment ministers criticised the allocation of revised non-ETS emissions targets on Monday, signalling a troubled path into law for the bloc’s climate legislation to help meet 2030 goals.
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