Lawmakers see final deal on EU ETS Market Stability Reserve in September
A centrist alliance in the European Parliament is pushing to adopt their position on the revision of the EU ETS Market Stability Reserve (MSR) in September, paving the way for a final deal with EU member states in the same month.
Read MoreEU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
Read MoreBrussels eyes raising EU ETS cap to make room for carbon removals
The overall cap on the EU Emissions Trading System (ETS) will likely need to be raised to make room for units generated from permanent carbon removals, while giving extra breathing space to regulated industries, an official has indicated.
Read MoreBrussels to present CO2 infrastructure law in November
The European Commission will present its CO2 transport and infrastructure package in November, a senior EU official has indicated, saying the regulation will remain light in the beginning while providing a long-term vision to support investment in carbon capture and storage (CCS) networks.
Read MoreEU, UK urged to spell out ETS linkage roadmap to unlock CCS investments
European carbon capture stakeholders are urging Brussels and London to set out a clear timetable with key milestones for linking the EU and UK carbon markets, warning that continued uncertainty risks delaying billions of euros in planned CO2 transport and storage projects and undermining Europe’s industrial competitiveness.
Read MoreEU Parliament groups clash over plan to relax cars CO2 rules
Political groups in the European Parliament clashed on Tuesday over plans to relax CO2 emission standards for cars, with conservative and far-right parties pushing to scrap the 2035 end date for sales of new combustion engine vehicles, against resistance from centrist and left-wing groups.
Read MoreINTERVIEW: Energy boss urges channelling EU ETS cash into electrification drive
E.On’s CEO Leonhard Birnbaum is urging EU policymakers to channel revenues from the Emissions Trading System (ETS) into electrification and industrial decarbonisation, warning that Europe’s weak investment climate risks derailing the bloc’s net zero plans.
Read MoreEU outlines seven steps for carbon registries to win CRCF recognition
European Commission officials have detailed a seven-step process for carbon registries to obtain recognition under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, saying the procedure will typically take about six months.
Read MoreSpain wins EU nod for €9 bln electricity backup scheme
The European Commission has cleared Spain’s plan to spend up to €9 billion over ten years on a capacity mechanism to safeguard electricity security, a move campaigners say will be a key test of whether Madrid backs clean flexibility or prolongs gas-fired power after a major blackout last year.
Read MoreFour EU states urge revision of ETS fallback benchmarks before 2027
Germany, France, Spain, and Estonia have urged the European Commission to address concerns about fallback benchmark values that determine the volume of free CO2 permits distributed under the EU Emissions Trading System (ETS), warning that current plans could push some factories to shut down and relocate abroad.
Read More