Lawmakers near breakthroughs on EU ETS expansion, backloaded effort -sources
Senior MEPs are nearing agreement on parts of EU ETS reform, with alignments emerging on expanding the market to new sectors and backloading cap cuts, according to EU sources on Thursday.
Read MoreEU lawmakers at odds on how quickly to phase in carbon border measures
Senior MEPs remain fiercely divided on how quickly to replace EU ETS free allocation with carbon border measures following crunch talks, a well-placed source said on Wednesday, despite identifying more ambitious elements among all the main political groups.
Read MoreBrussels seeks to set gradual EU import ban on all Russian oil
Brussels is proposing to progressively ban Russian oil imports from the EU as part of a sixth package of sanctions against Moscow since Russia invaded Ukraine on Feb. 24, European Commission President Ursula von der Leyen said on Wednesday.
Read MoreEU lawmakers strive for compromise as crunch ETS reform talks begin
Senior EU parliamentarians are due to meet several times this week to discuss carbon market reforms, seeking to iron out most of their outstanding differences that include technical changes to the current cap-and-trade system.
Read MoreEU leans on energy saving, renewables as ministers brace for Russia supply cuts
EU energy ministers are united in favour of stronger energy-saving measures and renewable energy expansion, they said on Monday as they brace for more gas supply disruption following Russia’s abrupt halting of deliveries to Poland and Bulgaria last week.
Read MoreEU nations seek to dilute ETS climate spending provisions -leaked draft
EU member states want more flexibility over how they spend their carbon market auction revenue, according to a leaked draft document that suggests governments are pushing back on a proposal to earmark all EUA auction proceeds for climate purposes.
Read MoreExperts downplay chances of raising EU ETS ambition at expense of second market
Efforts by a group of MEPs to raise ambition further in the EU ETS while killing a proposal for a second carbon market are unlikely to survive the full legislative process, experts told Carbon Pulse on Thursday.
Read MoreEU lawmakers may seek to toughen ETS reforms as a way to kill ETS2
Plans to launch a new EU carbon market covering buildings and transport are likely to be rebuffed by European Parliamentarians in favour of even sharper reforms of the current ETS, a senior lawmaker said on Tuesday just three weeks before a key parliamentary committee is due to forge its position.
Read MoreMacron’s landslide victory brings continuity to French, EU climate policy
Emmanuel Macron’s re-election as President of France on Sunday is likely to keep the nation on track to ramp up domestic and EU-wide climate action, removing the threat of climate-sceptic leadership under defeated rival Marine Le Pen.
Read MoreREPowerEU: Brussels aims higher in effort to rid EU of Russian fossil fuels
As EU officials rush to hammer out the details of a new strategy to rapidly curb the bloc’s Russian energy imports, the mooted measures to massively increase renewables while cutting unnecessary energy demand leave experts uncertain about how this will impact the bloc’s carbon market.
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