Ukraine publishes draft ETS law, plans to create decarbonisation fund
Ukraine has published a draft law outlining the framework for its planned domestic emissions trading system (ETS), which would seek to cover power, industrial, aviation, and maritime sectors exceeding specified thresholds.
Read MoreItalian industry presses Brussels for ETS overhaul, CBAM free allowances, further ETS2 delay
Italian industry is calling for a fundamental overhaul of the EU Emissions Trading System (ETS), along with a softening of the whole carbon market structure, warning that the market risks accelerating deindustrialisation unless major reforms are adopted.
Read MoreEU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
Read MoreEuropean aluminium lobby calls for EU to fix CBAM loopholes, warns of threat to industry
European Aluminium has called on EU finance ministers and ambassadors to address what it describes as critical shortcomings in the bloc’s Carbon Border Adjustment Mechanism (CBAM), warning that the current proposal could fail to prevent carbon leakage in the aluminium sector.
Read MorePolluting Indian steelmakers already losing ground in EU under CBAM -study
Indian steelmakers with higher CO2 emissions are losing market share in the EU under the bloc’s Carbon Border Adjustment Mechanism (CBAM), while cleaner producers have largely maintained their position, according to new research that showed the mechanism already appears to be working.
Read MoreCEE Roundup: New Bulgarian government may add to regional pushback on EU climate rules
Last month’s change of government in Bulgaria could sharpen Sofia’s tone on EU climate policy, adding to wider Eastern European pressure for more flexibility on carbon costs, industrial rules, and border carbon fee exposure.
Read MoreLACS26: Latin America, the Caribbean provide a “comprehensive offer” for future international carbon trading with the EU -official
Ambitious climate targets, robust carbon pricing instruments in the works, and substantial emissions reductions potential make Latin America and the Caribbean one of the best regions to supply the EU’s future demand for international carbon credits, a representative from the bloc’s climate taskforce said this week.Â
Read MoreFinnish minister urges strong EU ETS to keep Europe in clean-tech race
Finnish climate minister Sari Multala on Thursday defended the EU Emissions Trading System (EU ETS) as the central policy to steer investment towards clean energy, warning that any weakening of the bloc’s carbon market risks undermining the continent’s clean-tech ambitions.
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 MoreEurope’s power industry urges EU ETS clarity as electrification shift accelerates
The European power industry is pressing for greater certainty around the bloc’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM), as the impetus for electrification shifts from emission cuts to core industrial competitiveness, according to a new report published ahead of the European Commission’s upcoming Electrification Action Plan.
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