Lawmakers greenlight plans to harmonise EU carbon accounting rules for transport
Members of the European Parliament gave the thumbs up Monday evening to draft plans for harmonising the way transport emissions are counted in the EU, with a final agreement with member states not expected until after the June European elections.
Read MoreEconomists pitch CBAM update focused only on carbon leakage
A group of economists has put forward ideas to revise the EU’s Carbon Border Adjustment Mechanism (CBAM), arguing the law could be simplified by focusing only on preventing ‘carbon leakage’ across the entire economy rather than addressing specific sectors for which carbon emissions data may be hard to come by.
Read MoreFEATURE: EU’s carbon market diplomacy task force shrouded in mystery
When the European Commission presented its recommendations for a 2040 climate target last month, it also raised expectations – and a few eyebrows – by announcing the creation of a dedicated task force on “carbon market diplomacy”.
Read MorePREVIEW: Transport carbon accounting rules set for key EU vote
Lawmakers in the European Parliament are voting on Monday a proposal to harmonise the way carbon emissions from transport are counted across the EU, with debates focusing on the choice of methodology and whether to include emissions from international freight.
Read MoreEuropean Commission wants more focus on investment in national climate plans
The European Commission’s evaluation process for National Energy and Climate Plans (NECPs) is not only about sticks, but also about carrots, a top EU official said, as the 27 member states struggle to meet a June deadline to submit their final drafts.
Read MoreFEATURE: Steelmakers brace for end of free EU carbon allowances
Traditional steelmakers say they will have to spend €3 billion on additional EUAs until 2030 to comply with the European Commission’s newly proposed free allocation rules, which aim to promote the cleanest methods of reducing iron ore for steelmaking.
Read MoreEU climate envoy ‘regrets’ Article 6 outcome at COP28
Tony Agotha, the EU special envoy for climate and environment diplomacy, has expressed disappointment with the outcome of UN negotiations on carbon markets after they broke down at the COP28 climate summit in Dubai last December.
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