Brussels still considering whether to include international credits in EU ETS
The European Commission is weighing whether to give international carbon credits a narrow, delayed role in the EU Emissions Trading System (EU ETS) after 2035, as senior officials insist they will not be allowed as standard compliance units for regulated companies.
Read MoreBrussels outlines upcoming EU ETS changes, granting industry €6 bln in extra free allowances
The European Commission will propose a targeted amendment to the EU Emissions Trading System (ETS) next week that is expected to provide industry with an additional €6 billion worth of free carbon allowances over the 2026-30 period, while outlining other elements of the reform meant to give more leeway for industries to continue emitting into the 2040s, also clarifying that some 400 million permits as part of an ‘Investment Booster’ will not be monetised by the bloc.
Read MoreBRIEFING: EU revamps pilot heat auction in test run for future Industrial Decarbonisation Bank
The European Commission is overhauling its pilot auction for industrial heat decarbonisation, after last year’s first round drew strong interest on paper but ended up using less than half of its €1 billion budget – a result Brussels now frames as a warning for the future EU Industrial Decarbonisation Bank.
Read MoreChemicals industry escapes EU carbon price as free allowances cover 98% of emissions, watchdog says
Europe’s chemical industry has effectively paid no carbon price under the EU Emissions Trading System (ETS) over the past decade, contradicting claims that high carbon costs are undermining the sector, according to a new investigation by a watchdog group.
Read MoreIndustrial carbon management coalition backs “strong, predictable” EU ETS
A broad coalition of industrial carbon management stakeholders has urged the European Union to use the forthcoming review of the bloc’s Emissions Trading System (EU ETS) to preserve the market’s core architecture while directing a larger share of its revenues into industrial decarbonisation.
Read MoreEU urged to enforce penalties on oil and gas firms over missed CO2 storage deadline
A coalition of NGOs, industry groups, and CCS stakeholders has urged EU governments to rapidly implement penalty regimes for oil and gas producers that fail to meet their CO2 storage obligations under the Net-Zero Industry Act (NZIA), after an end-June deadline has passed.
Read MoreItaly’s Enel urges long-term stability in EU carbon market to drive investment
The EU’s flagship Emissions Trading System (ETS) risks scaring off long-term investment unless policymakers curb regulatory “noise” and set out a clearer plan for how subsidies and the carbon price will work together to drive decarbonisation, said Italy’s largest power company.
Read MorePREVIEW: Key issues to watch in the upcoming EU carbon market reform
As the European Commission prepares to unveil its proposed revision of the EU Emissions Trading System (EU ETS) on July 17, Carbon Pulse walks you through the main issues at stake in the reform – what is already on the table, and the key decisions still to come.
Read MoreEU updates green reporting rules, slashes mandatory datapoints by 60%
The European Commission on Friday proposed revised sustainability reporting standards for companies operating in the EU, saying the changes will cut reporting costs for businesses by around 30%.
Read MoreEU Parliament puts reform of ETS Market Stability Reserve on hold
The European Parliament lawmaker steering the proposed revision of the ETS Market Stability Reserve (MSR) has opted not to alter the European Commission’s draft, saying the plan must be assessed in the broader context of the upcoming overhaul of the EU’s Emissions Trading System (ETS), due on July 17.
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