Germany scraps renewables obligation, fossil fuel ban in revised heating law
The German coalition government has agreed to scrap a renewable energy obligation and a ban on new gas and oil boilers in its revised heating law, instead proposing to introduce green gas phase-in quotas from 2028.
Read MoreFEATURE: EU weighs softer ETS benchmarks to shield industry from higher carbon costs
The European Commission is likely to opt for lower emission benchmark values when deciding how many free allowances to allocate to industry under the EU Emissions Trading System (ETS), giving companies more breathing space amid high energy and carbon costs, experts told Carbon Pulse.
Read MoreANALYSIS: Italy’s new energy decree risks unleashing higher emissions and distorting power markets
Italy’s new push to reimburse gas-fired power producers for their carbon costs would make the plants artificially competitive and lead to more gas-fired generation, while also reducing the incentive to invest in renewables, according to experts.
Read MoreEuropean Parliament appoints former CBAM architect to steer its overhaul
The European Parliament has appointed Socialists and Democrats (S&D) lawmaker Mohammed Chahim to lead negotiations on reforming the EU’s Carbon Border Adjustment Mechanism (CBAM), a source told Carbon Pulse on Friday.
Read MoreOnly full IMO global carbon pricing plan can decarbonise shipping, study says
Full adoption of the International Maritime Organization (IMO)’s global carbon pricing mechanism is the only option that would create enough demand signals to boost clean fuel production and enable the global fleet to meet its decarbonisation goals, according to analysis published on Thursday.
Read MoreEU member states push CBAM reform decision into second quarter
The Council of EU member states is not expected to reach a joint position on the proposed reform of the bloc’s Carbon Border Adjustment Mechanism (CBAM) by mid-March as initially planned, but rather towards the end of the second quarter, sources told Carbon Pulse.
Read MoreANALYSIS: EU market players warn strong price control measures could crash confidence in ETS
European carbon market participants have raised concern that heavy changes to the EU ETS to reduce costs for industry, such as establishing a price corridor or cap, could create a crisis of confidence in the mechanism and even threaten the bloc’s climate goals.
Read MoreJanuary’s fertiliser drop linked to stockpiling, not the EU CBAM fee -trade bodies, NGOs
Imports of fertilisers fell to a record low in January – not because of the EU’s new Carbon Border Adjustment Mechanism (CBAM), but because importers stockpiled an unprecedented amount of fertilisers in December, trade bodies and NGOs said this week.
Read MoreEU member states endorse Commission proposal to stabilise ETS2 prices
The Council of EU member states backed plans on Wednesday to amend the supply control mechanism of the bloc’s upcoming Emissions Trading System for road transport and heating fuels (ETS2), without making changes to the European Commission’s initial proposal.
Read MoreEU launches tender for CBAM certificate trading platform
The European Commission and EU member states have launched a joint tender to build and operate the platform that will sell and repurchase certificates under the bloc’s Carbon Border Adjustment Mechanism (CBAM).
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