Loosening of EU carbon market could derail climate goals, generate major surplus, finds analysis
Proposed reforms to the European Union’s carbon market could significantly weaken the bloc’s emission reduction trajectory, flood the market with surplus permits, and undermine the pathway to climate neutrality, according to a new technical assessment by climate policy think tank.
Read MoreUkraine 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 MoreEU aviation, shipping decarbonisation held back by weak project economics -report
High sustainable fuel costs, policy uncertainty, and limited long-term offtake agreements are holding back private finance for the decarbonisation of EU aviation and shipping, despite growing policy support for cleaner fuels, according to a report published Wednesday.
Read MoreUS carbon removal firm receives Japanese investor backing, signs credit deal
A US carbon removal company has secured investment from a Japanese trading firm to expand a facility in Arkansas, while separately signing a credit purchase agreement with a major shipping group, it announced Wednesday.
Read MoreLNG fleet faces widening compliance divide as EU emissions costs bite -analysts
The type of engine installed on an LNG carrier is becoming the defining factor in its future competitiveness under tightening maritime emissions rules, with older vessel classes facing mounting carbon compliance costs that could accelerate their exit from the market, according to new analysis.
Read MoreEuropean ports urge EU to address maritime ETS leakage risks in upcoming review
A European ports association has called on the European Commission to address business and carbon leakage risks in its upcoming revision of the EU Emissions Trading System (ETS), warning that the carbon market’s maritime rules are weakening EU ports and short-sea shipping.
Read MoreNew leak of EU methane penalty guidance sparks fears of enforcement “black hole”
The European Commission plans to recommend that member states suspend some of the penalties for fossil fuel importers that breach the EU Methane Regulation for up to three years, according to a leaked draft – in a move that is drawing sharp criticism from climate advocates.Â
Read MoreFour EU states call for extra ETS allowances tied to decarbonisation
Czechia, Greece, Poland, and Romania have called for additional free carbon allowances to be granted to energy-intensive industries on the condition that companies invest in reducing their emissions, while also urging that current levels of free allocation be maintained.Â
Read MoreUK stands to gain from extending ETS to international maritime trips, smaller ships -think tank
The UK ETS Authority should expand the scope of the UK’s cap-and-trade scheme to cover more maritime voyages and a greater share of vessels, a think tank said in a blog post published on Tuesday.
Read MoreUK should extend ETS to international shipping from 2027 to unlock £574 mln, coalition says
The UK should bring forward the planned extension of its Emissions Trading System (ETS) to international maritime emissions to 2027, from 2028, a coalition of transport, environmental, and clean fuel organisations said Monday.
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