Brussels 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 MoreSenior EU Commission official urges Parliament to swiftly adopt ETS market stability changes
A high-level European Commission official is calling on the European Parliament to make a swift decision on tweaks to the EU ETS’s Market Stability Reserve (MSR), in order to prevent the permanent cancellation of the allowances held in the reserve.
Read MoreBiggest EU Parliament party split over CBAM suspension crisis clause
The conservative European People’s Party (EPP), the Parliament’s largest group, is divided over whether to restrict, delete, or broaden a tool that would allow the European Commission to temporarily suspend the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreBulgaria, Romania seek €342 mln in EU ETS cash to expand gas network
Bulgaria and Romania are seeking €342 million from the EU’s Modernisation Fund to finance seven gas pipeline projects, an NGO analysis has found.
Read MoreMajority of EU importers already including CBAM charge in final cost to customers
Most EU importers are already passing on expected costs from the Carbon Border Adjustment Mechanism (CBAM) to their customers, importers and consultants said at a conference this week.
Read MoreWith CBAM, the emissions data for imports is just as crucial as price -steel distributor
The EU’s Carbon Border Adjustment Mechanism (CBAM) is changing how EU importers select which products to buy, with emissions data transparency becoming as core of an issue as price, the CEO of a major European distributor of stainless steel products told a conference on Thursday.
Read MoreDATA DIVE: One-third of stakeholders back including carbon credits in EU ETS
Only a third of EU ETS stakeholders are explicitly in favour of allowing the use of international carbon credits in the cap-and-trade market, whereas a strong majority backs the bloc’s use of credits outside the scheme, data from the European Commission’s call for evidence reveals.
Read MoreLawmakers disagree on extra climate requirements for access to EU carbon leakage fund
Lawmakers in the European Parliament are poised to clash on whether to introduce additional climate conditions for European companies to access support from the Temporary Decarbonisation Fund (TDF).
Read MoreLawsuits by oil majors over CO2 storage risks derailing EU climate goal, NGO warns
Major oil and gas companies are taking the European Commission to court over a rule requiring them to help build carbon storage infrastructure, with the legal battle possibly causing serious consequences for Europe’s climate goals, according to analysis by an NGO.
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