Key EU lawmaker plans to propose steps to curb carbon market “manipulation”
The EU lawmaker steering ETS reform is working on measures to prevent carbon market “manipulation”, he said on Friday, vowing to ensure such steps don’t punish companies with emissions obligations.
Read MoreEU industry slams parliamentary proposals for quicker CBAM phase-in
The European cement industry has reacted strongly against calls for EU carbon border measures to more quickly replace the sector’s free allocation of EU ETS allowances, arguing that this would strike a fatal blow against the competitiveness of the bloc’s producers.
Read MoreLead EU lawmaker proposes changes to ETS reforms -leaked draft
Shipping, buildings, and road transport should be included in ETS programmes a year earlier than originally planned, according to a leaked EU Parliament draft on carbon market reform seen by Carbon Pulse on Wednesday that also seeks sweeping changes to free allocation and the addition of a whole new sector.
Read MoreCarbon Pulse increases European, voluntary carbon market coverage with new hire
Carbon Pulse is enhancing its coverage of the European and voluntary carbon markets with another new hire.
Read MoreANALYSIS: A potent force – making a market for methane emissions
Methane emissions concentrations in the atmosphere reached all-time highs in 2021 along with most other greenhouse gases, but with limited upstream regulation at oil and gas operations, product labelling and certificate trading are building momentum as an additional way of curbing the potent discharges.
Read MoreMARC(U) MY WORD: Addressing “crunch issues” in the EU CBAM
Mohammed Chahim MEP’s draft report on the EU’s proposed carbon border adjustment mechanism (CBAM) takes a more aggressive stance and places greater focus on achieving the EU target on climate change, but seems less concerned about impacts on competitiveness of EU industry and the resulting risk of emissions leakage to third countries, argue Andrei Marcu, Michael Mehling, and Aaron Cosbey of think-tank ERCST.
Read MoreECB member seeks efforts to curb inflationary impact while keeping green deal on track
Persistently high energy prices risk leading to unsustainable inflation that may push the European Central Bank (ECB) to raise its initial forecasts, ECB board member Isabel Schnabel said on Saturday, stressing that the bloc’s climate policies likely mean high energy values will linger or even increase further.
Read MoreEU lawmakers pick up pace on ETS reforms in new year
EU Parliamentarians are set to table key ideas for ETS reforms in the coming weeks, with a senior MEP this week recommending sticking to plans to maintain the supply-regulating MSR current 24% annual absorption rate.
Read MoreMARC(U) MY WORD: Key issues in EU ETS review
Observers and stakeholders generally agree that the revision to the EU ETS needs to ensure that the transition results in a prosperous and decarbonised, but not deindustrialised Europe.
Read MoreKey EU lawmaker seeks quicker introduction of carbon border measures
The EU’s proposed Carbon Border Adjustment Mechanism (CBAM) should fully replace free EUA allocations by no later than 2028 if the bloc is serious about meeting its 2030 climate goals, the European Parliament’s lead lawmaker on the issue said in a draft report on Wednesday.
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