Brussels says EU carbon allowances will be issued “far into the 2040s”
A senior European Commission official said allowances under the EU Emissions Trading System (ETS) will continue to be auctioned well into the 2040s, with flexibilities in the bloc’s carbon market allowing industries to emit for longer.
Read More“Less fossil, more electric”: France outlines priorities in EU energy debate
Paris will back a faster phaseout of fossil fuels at an informal meeting of EU energy ministers starting today in Cyprus, arguing that the conflict in the Middle East must not slow Europe’s energy transition or be used as an excuse to exempt gas-fired power plants from paying for their carbon emissions, as Italy plans to do.
Read MoreFrance pushes ‘Decarbonised Energy Directive’ to replace EU renewables law
France is urging the European Union to move beyond a renewables-only framework and adopt a technology‑neutral “Decarbonised Energy Directive” that fully recognises nuclear power’s role in the energy transition, according to French officials who spoke ahead of an informal EU ministerial meeting on Tuesday.
Read MoreBRIEFING: Green ‘conditionality’ on ETS revenue spending will be cornerstone of EU carbon market reform, official says
The European Commission will put green conditionality on revenue spending at the heart of the upcoming reform of the EU’s Emissions Trading System (ETS), a senior official has said, as Brussels and member states prepare for a high-stakes political battle over financial support for industrial decarbonisation.
Read MoreBRIEFING: EU mulls new body to centralise purchase of Article 6 credits
The European Commission is considering creating a new body or agency to centralise the purchase of international carbon credits issued under the Paris Agreement and ensure they meet the EU’s extensive quality criteria.
Read MoreINTERVIEW: Former top EU climate official pitches MSR as liquidity “buffer” for bloc’s carbon market
The EU Emissions Trading System’s Market Stability Reserve (MSR) should be turned into an active “buffer” – fuelled by international carbon credits and domestic removal units – that can be mobilised to boost liquidity and temper price spikes in the bloc’s carbon market, according to former top climate official Jos Delbeke.
Read MoreClimate and security agendas converging in Europe, NATO official says
Russia’s war in Ukraine and the Middle East conflict have highlighted a convergence between the climate and security agendas in Europe, while exposing new risks linked to dependence on imported clean tech and jet fuel, a NATO official has said.
Read MoreEU ETS needs ‘force majeure’ clause, says chemical industry
The European chemicals industry has called for a ‘force majeure’ clause in the EU Emissions Trading System (ETS), arguing that industrial installations unable to decarbonise due to external factors beyond their control should be exempted from mandated CO2 cuts.
Read MoreEU leaders set Q1 2027 deadline to finalise carbon market overhaul
The EU has set a first-quarter 2027 deadline to clinch a political deal on a major overhaul of its Emissions Trading System (ETS), anchoring carbon market reform in a newly adopted roadmap to deepen the bloc’s single market and boost competitiveness.
Read More‘See you in court’: Draft EU ETS benchmark for aluminium sparks industry outrage
The upcoming revision of best-in-class production benchmarks that determine the volume of free CO2 permits allocated under the EU Emissions Trading System (ETS) has caused anger in the aluminium sector, with one senior industry executive threatening to challenge the plan in court.
Read More