UPDATE – Six EU countries oppose plan to extend carbon market to departing flights
Six EU countries have urged Brussels to prioritise strengthening the international aviation sector’s carbon offsetting scheme CORSIA rather than extending the bloc’s carbon market to international flights.
Read MoreGlobal airline association launches alliance to boost CORSIA credit supply
The International Air Transport Association (IATA) has launched an alliance to boost the supply of carbon credits eligible for compliance with CORSIA by spring 2027, it announced on Saturday.
Read MoreItaly calls for new EU ETS ‘fallback’ benchmarks to apply retroactively
Italy has urged the EU to introduce new, softer sector-specific benchmarks that determine the number of free CO2 permits industries receive from 2027, saying it wants these changes applied retroactively to 2026 as well.Â
Read MoreFrance seeks allies to stop EU ETS extension to international flights
France is trying to rally other EU governments to oppose the extension of the EU Emissions Trading System (ETS) to flights departing the bloc, and plans to raise the issue at a ministerial meeting on Monday, Carbon Pulse understands.
Read MoreLawmakers 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 MoreINTERVIEW: EEX will stop REPowerEU carbon auctions once €20 bln target is hit, CEO confirms
The EEX exchange will stop auctioning carbon allowances to fund the bloc’s plan to exit Russian fossil fuels as soon as the €20 billion target is hit, the CEO of the exchange told Carbon Pulse, which could mean around 20 million fewer allowances are auctioned in 2026 than currently scheduled, assuming EUA prices remain at their current levels.
Read MoreBrussels says new EU ETS benchmarks could be fast-tracked and backdated to 2026
Brussels has told industries they could receive a top-up of free carbon allowances for 2026 once new benchmarks are presented alongside the reform of the bloc’s carbon market in July, EU sources told Carbon Pulse.
Read MoreBrussels takes Spain and Poland to court over failure to implement ETS rules
The European Commission has referred Spain and Poland to the EU Court of Justice for failing to transpose revised emissions trading rules into national law, more than two years after the deadline passed.
Read MoreBrussels appoints EEX to auction EU ETS1 and ETS2 allowances until 2030
The European Commission has selected the EEX exchange to auction EU carbon allowances for the EU Emissions Trading System (ETS) and for the upcoming new scheme for heating and transport (ETS2) for the next five years.
Read MoreEU capitals push to keep free carbon allowances during CBAM suspension
EU member states want installations covered by the EU’s Emissions Trading System (ETS) to keep receiving free carbon allowances even if they are temporarily removed from the scope of the Carbon Border Adjustment Mechanism (CBAM), according to a leaked draft compromise on extending the scheme.
Read More