Brussels publishes draft rules for selling EU CBAM certificates
The European Commission published draft rules on the sale and repurchase of certificates accepted under the EU’s Carbon Border Adjustment Mechanism (CBAM) on Thursday, which will be open for feedback for four weeks.
Read MoreGerman think tank warns against rigid investment rules on free EU ETS allowances
Conditionalities for free carbon allowances should not be overly prescriptive or based on rigid investment requirements, according to a think tank headquartered in Berlin.
Read MoreSeven EU countries issue last minute call to strengthen the EU’s carbon market
Spain, Denmark, Finland, Luxembourg, the Netherlands, Portugal, and Sweden on Wednesday called for a stronger EU Emissions Trading System (ETS), including aligning the ETS’ annual emissions cap with the bloc’s 2040 climate goal of reducing net emissions by 90%.
Read MoreBRIEFING: EU plan to extend carbon market to departing flights hits turbulence
The European Commission remains divided over whether to include emissions from departing flights in the EU Emissions Trading System (ETS) as part of the upcoming overhaul of the bloc’s carbon market, an official said Wednesday.
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 MoreEU clean tech chief pushes back against lowering ETS emissions cap
Teresa Ribera, the EU’s clean technology chief, is at odds with European Commission President Ursula von der Leyen over how steeply carbon allowances under the EU’s Emissions Trading System (EU ETS) should decline each year, according to multiple sources.
Read MoreEU lawmakers vote to extend CBAM to more than 400 downstream products
Lawmakers in the European Parliament’s environment committee (ENVI) voted to extend the EU’s Carbon Border Adjustment Mechanism (CBAM) to more than 400 product codes on Monday, as well as for tougher anti-circumvention measures.
Read MoreEU lawmakers agree to widen carbon leakage fund to downstream sectors, restrict aid to exports
Lawmakers in the European Parliament’s environment committee (ENVI) voted on Monday to extend carbon leakage financial support to downstream sectors, cement, cereals, and more fertilisers, while they limited support to the exported share of production.
Read MoreEuropean Commission sets second quarterly EU CBAM price at €75.28
The European Commission on Monday published the second quarterly reference price for certificates accepted under the EU’s Carbon Border Adjustment Mechanism (CBAM).
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.
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