Top

European Commission president confirms “at least 55%” 2030 climate target

Published 09:10 on September 16, 2020  /  Last updated at 16:32 on September 17, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission is set to propose an upgraded 2030 target of at least 55% below 1990 levels, the EU executive’s president told EU lawmakers on Wednesday.

Read More
Top

Netherlands confirms carbon tax on ETS-covered industry

Published 19:47 on September 15, 2020  /  Last updated at 08:35 on September 16, 2020  /  Aviation/CORSIA, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

The Netherlands will apply from next year a carbon tax on EU ETS-covered heavy industries, the government announced Tuesday, though high EUA prices and wide initial exemptions mean the levy may have little impact at first.

Read More
Top

EU Parliament study assesses the assembly’s own GHG reduction pathways

Published 18:52 on September 15, 2020  /  Last updated at 01:04 on September 16, 2020  /  Carbon Taxes, EMEA, EU ETS, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The European Parliament should put in place measures to cut emissions from MEP travel and energy use as part of an institution-wide 2030 carbon footprint reduction target, according to a study published by the assembly’s secretariat on Tuesday.

Read More
Top

EU Market: EUAs hold near €30 as market readies for EU climate announcements

Published 17:31 on September 15, 2020  /  Last updated at 02:10 on September 16, 2020  /  EMEA, EU ETS  /  No Comments

European carbon prices consolidated near €30 on Tuesday, holding on to most of Monday’s stellar gains and coming within a hair of their 14-year high as buying continued ahead of this week’s release of the EU’s new climate strategy.

Read More
Top

EU Parliament supports expanding ETS to international shipping from 2022

Published 14:56 on September 15, 2020  /  Last updated at 01:55 on September 16, 2020  /  Carbon Taxes, EMEA, EU ETS, Shipping  /  No Comments

The European Parliament on Tuesday adopted an amendment that could fast-track the inclusion of emissions from ships using EU ports to the bloc’s ETS as of Jan. 2022.

Read More
Top

EU ETS free allocation should be “better targeted” to reflect climate goals, auditors say

Published 13:30 on September 15, 2020  /  Last updated at 01:17 on September 16, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The current system of free allocation of EU carbon allowances should be “better targeted” in light of the bloc’s net zero 2050 emissions goal and the enhanced ambition for 2030, the EU’s auditing body said.

Read More
Top

MARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?

Published 10:42 on September 15, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, Views  /  No Comments

With so many issues being brought to the table and put on the menu for possible EU ETS reforms and to embody the European Green Deal, there is a real risk of not being able to see the forest for the trees, argues Andrei Marcu. Any revision of the EU ETS needs to be put in the context of the role of the market in the 2030 timeframe and beyond, and the objectives of the review. If not, we may get wrong not only the review of the EU ETS but also, due to a lack of debate, its role going forward.

Read More
Top

MEPs poised to push for EU to curb international shipping emissions, defying industry warnings

Published 20:36 on September 14, 2020  /  Last updated at 22:02 on September 14, 2020  /  EMEA, EU ETS, Shipping  /  No Comments

The European Parliament is likely to agree this week to fast-track the expansion of the EU ETS to include emissions from all ships using the bloc’s ports, defying industry warnings that the move risks undermining efforts to regulate the maritime sector at a global level.

Read More
Top

EU Market: EUAs surge above €30 as buyers stock up ahead of Commission climate plan reveal

Published 19:29 on September 14, 2020  /  Last updated at 22:55 on September 14, 2020  /  EMEA, EU ETS  /  No Comments

EUAs soared by more than 8% to hit a two-month high and notch a record close above €30 on Monday, with the aggressive buying fuelled by the emergence of a draft of a European Commission proposal to raise the bloc’s climate targets and cut supply by more than some had expected.

Read More
Top

EU and China agree to keep talking on climate ambition after leaders meet

Published 19:00 on September 14, 2020  /  Last updated at 22:14 on September 14, 2020  /  China, China's National ETS, EMEA, EU ETS, International  /  No Comments

China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.

Read More