EU governments leave €85 bln in ETS2 funding frozen as social plans stall
One year after the deadline to submit national Social Climate Plans, 19 EU member states have yet to file the documents required to access funding linked to the bloc’s new Emissions Trading System for road transport and heating fuels (ETS2), leaving €85.3 billion effectively frozen, according to campaigners.
Read MoreUK hospitals, small emitters cut emissions beyond ETS targets in 2025
Britain’s hospitals and small industrial emitters cut their greenhouse gas emissions well below government targets in 2025, according to newly published data covering participants in the UK Emissions Trading Scheme’s Hospital and Small Emitter (HSE) scheme.
Read MoreEuro Markets: EUAs hold on to €80 before ETS reform reports trigger heavy selling
European carbon managed to hold above the €80 mark for the first half of the day until news reports detailing a key political party’s position on the EU ETS review triggered a heavy sell-off as traders reacted to perceived bearish supply-side proposals.
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 MoreFEATURE: Gross or net? EU wrestles with CO2 accounting rules for ETS removals
As the European Commission prepares legislation to bring carbon removals into the EU Emissions Trading System (ETS), experts warn that choices over CO2 accounting risk giving policymakers a serious headache in Brussels.
Read MoreTop EU Parliament group seeks free permit handouts for power providers, speculation limits in upcoming ETS reform -media
The European Parliament’s largest political group is considering a push to grant power generators free EU Emissions Trading System (EU ETS) allowances after 2030 in exceptional circumstances, as well as limits to the participation of speculators in the market, according to a draft negotiating position seen by news outlet Montel.
Read MoreEuro Markets: EUAs post marginal daily and weekly loss as traders eye looming reform package
European carbon permits posted marginal daily and weekly declines on Friday as allowance prices moved in their narrowest range for more than two weeks, with traders anticipating the end of the financial half-year and the approaching ETS reform package, while energy commodities were mixed after headlines sparked afternoon rallies.
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.
Read MoreEU rallies behind Cyprus as Turkiye excludes it from COP31 preparations
EU member states and the European Commission have condemned this year’s host of the international climate talks, Turkiye, for inviting only 26 of the 27 countries of the bloc to the COP31 conference and excluding Cyprus from preparatory climate talks.
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