German ruling party seeks looser EU carbon cap, aviation freeze in upcoming ETS reform
The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.
Read MoreEPP not pushing to give free EU ETS allowances to power sector, key lawmaker says
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.
Read MoreEU vote on CBAM carbon price deduction rules delayed
EU member states did not vote last week on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, even though a decision had been scheduled.
Read MoreEU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreLCAW26: CBAM is the stick, Article 6 the carrot, and market instruments the tool to implement, says commodities trader
The clearest route to scaling carbon markets is to penalise emissions using carbon border fees and reward low-carbon intensity products through the use of market instruments such as book-and-claim and environmental attribute certificates (EACs), according to a representative of a global commodities trading house.
Read MoreCBAM verification timeline “excessively tight”, Italy’s accreditation body warns
Italy’s national accreditation body has warned that at least an extra year will be needed to enrol companies tasked with checking that carbon prices have been paid in third countries under the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreTurkish ETS to be finalised imminently, kicking off pilot phase this year -official
Turkiye’s final Emissions Trading System (ETS) policy is expected to be signed off imminently, clearing the way for the start of a two-year “rehearsal” period before the first stage of implementation in 2028, an official has said.
Read MoreCoal emissions soar above legal limits in Western Balkans, despite EU carbon pressure
The Western Balkans’ ageing coal plants are breaching legal pollution limits and operating beyond closure deadlines, despite pressure from the EU’s Carbon Border Adjustment Mechanism (CBAM), an NGO has warned.
Read MoreEU leaders back ETS review plan, discuss carbon market’s role in next budget
EU leaders on Friday endorsed the European Commission’s plan to review the EU Emissions Trading System (ETS) next month, with proposals on free allowances and industrial emissions benchmarks due in July, as talks continue on how to use ETS revenues in the next EU budget.
Read MoreBRIEFING: Draft EU CBAM rules “onerous” in practice for foreign carbon credits, experts say
Importers face steep challenges to take advantage of proposed EU rules allowing the application of carbon credits against Carbon Border Adjustment Mechanism (CBAM) fees, due to the “onerous” conditions imposed by Brussels on their use, experts told Carbon Pulse.
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