UPDATE – EU lawmakers strike provisional deal on ETS reform ahead of repeat vote
Senior MEPs from the centre-right EPP, centre-left S&D and liberals from Renew – the three largest political groups – have sealed a provisional deal on the EU ETS reform late Tuesday that would see an earlier phaseout of free allowances and a slightly tighter annual cap cut than at last week’s failed vote.
Read MoreEU lawmakers object to plans to feature gas and nuclear in green investment rulebook
Two cross-party committees of the European Parliament voted by a thin margin on Tuesday against including natural gas and nuclear energy on a list of climate-friendly investments, teeing up a full Parliament ballot early next month.
Read MoreEU lawmakers set to spurn chance to quickly reopen talks on ETS reform
The European Parliament’s environment committee (ENVI) is likely to delay reopening divisive negotiations on EU ETS reforms following a meeting of senior lawmakers on Monday, a move that would postpone confrontation ahead of a second vote in the full assembly later this month.
Read MoreEU legislators aim to avoid delays in climate reforms after Parliament’s vote rejection
The EU’s institutions are striving to avoid any ultimate delays to the passage of the bloc’s Fit for 55 climate policy package, sources close to the process said on Thursday as parliamentarians agreed to a swift return to vote following their chaotic failure to adopt positions a day earlier.
Read MoreAs EU ETS vote looms, lawmakers waver on free allocation and second carbon market
Hard-fought compromises on EU ETS reform are at risk of unravelling just a day ahead of crunch European Parliament votes, observer sources told Carbon Pulse on Tuesday, noting that several MEPs are set to break party ranks amid pressure from their home nation industries.
Read MoreEU lawmakers jostle over ETS concessions for industry on eve of vote
The European Parliament’s position on industry concessions under the EU ETS remains in the balance on the eve of a mammoth series of votes on eight climate policy bills, after the biggest political group introduced a last-minute amendment that could substantially ease carbon costs for big-emitting firms.
Read MorePREVIEW: EU lawmakers likely to downsize ETS ambition in key votes
The European Parliament is set to vote on several key climate policy bills next Wednesday, against the backdrop of a heavily-altered geopolitical landscape that is upping political pressure to ensure energy supplies.
Read MoreEU Parliament set to back full ETS entry for shipping, as NGOs highlight loopholes
The European Parliament is likely to back the entry of all shipping emissions into the EU ETS from 2024 in a vote next week, stakeholders said, with lawmakers replicating much of a preliminary Committee position but also crafting exemptions that would substantially weaken the carbon price signal for some.
Read MoreEU leaders task ministers to quickly sign-off on RePowerEU plans
EU leaders on Tuesday tasked their ministers to rapidly agree a position on the bloc’s RePowerEU proposals, ending a two-day summit resolved to forging a more united energy policy.
Read MoreUPDATE – EU leaders strike deal to ban Russian oil, opposition builds to MSR sale idea
EU leaders struck a deal late Monday to rapidly end Russian oil imports, while sources said as many as nine member states could voice opposition to MSR carbon allowance sale plans that are due to be discussed Tuesday.
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