EU countries to vote on CBAM carbon price deduction rules in September
EU member states will vote in September on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, a European Commission official said.
Read MoreFive European Commission departments object to draft EU ETS reform
Five European Commission departments have issued negative opinions on a draft reform of the EU’s Emissions Trading System (EU ETS), EU officials told Carbon Pulse.
Read MoreLawmakers agree to assign country-level default values to producers trying to trick EU CBAM
Lawmakers in the European Parliament’s environment committee want to be able to assign country-level emissions values to goods and origins they suspect of trying to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a compromise document seen by Carbon Pulse.
Read MoreGerman ruling party seeks looser EU carbon cap, aviation freeze in upcoming ETS reform
The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.
Read MoreTop EU steelmakers say billions in green steel investments depend on ETS staying the course
A coalition of top European steel producers has said that more than €10 billion of low carbon investments are at risk if the EU Emissions Trading System (ETS) framework is weakened in the upcoming reform.
Read MoreEPP not pushing to give free EU ETS allowances to power sector, key lawmaker says
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.
Read MoreEU vote on CBAM carbon price deduction rules delayed
EU member states did not vote last week on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, even though a decision had been scheduled.
Read MoreIrish presidency aims for EU member states agreement on ETS in December
Ireland, which holds the Council of EU member states’ rotating six-month presidency from July, is aiming to secure an agreement between the bloc’s 27 nations on the revision of the Emissions Trading System in the first half of December.
Read More17 EU countries call for three-year postponement of EU methane regulation
A group of 17 EU member states has asked that the EU Methane Regulation (EUMR) be postponed by three years, citing ongoing oil and gas supply constraints linked to the war in the Middle East.
Read MoreFEATURE: Tight schedule raises stakes for upcoming EU ETS reform
The coming overhaul of the EU’s Emissions Trading System (ETS) is shaping up as one of the toughest political tests for the bloc’s climate policy, with a tight timetable that looks almost as daunting as the substance of the reform itself.
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