EU Archives - Page 6 of 8 - Environment + Energy Leader

UK Sets Carbon Price, Boosts Public Money for Clean Energy Bank

March 24, 2011 by Tamar Wilner

The U.K.’s annual budget, published yesterday, introduced numerous and sweeping changes for clean energy and carbon finance. The budget said that the country’s carbon floor price will start at £16 ($25.60) per ton of CO2 in 2013 and rise to £30 ($48) per ton by 2020. After the announcement, European ... Read more »

Airlines to Be Second Biggest Sector in EU Carbon Market; Energy Firms Want Tough Targets

March 7, 2011March 7, 2011 by Tamar Wilner

The aviation sector will be the second-largest industry in Europe’s carbon trading system when it joins the market next year, the European Commission (EC) announced today. The EC announced that airlines’ carbon dioxide limit will be 213 million metric tons in 2012 and 208.5 million metric tons in 2013, Bloomberg ... Read more »

EU Carbon Markets Re-Open, Trading Slow

February 4, 2011February 4, 2011 by Tamar Wilner

Buyers are wary of stepping back into the European spot market for carbon, which began to re-open today after a two-week hiatus, Reuters has reported. The carbon registries in France, Germany, the Netherlands, Slovakia and Britain re-opened today, and the Paris-based BlueNext spot exchange resumed trade. Thefts caused the European ... Read more »

EU Carbon Market ‘Could Open This Week’

January 31, 2011January 31, 2011 by Tamar Wilner

The European spot market in emissions permits may re-open this week, following its closure due to theft, the European Commission has said. But some countries’ climate registries are not yet ready to open, officials said. The market remained shut for a 12th day today. It closed January 19 after EU ... Read more »

EU Carbon Market Suspended After ‘Theft’

January 20, 2011January 20, 2011 by Tamar Wilner

The European Union suspended most of its 72 billion euro carbon market yesterday after the suspected theft of 7 million euros of emissions permits from the Czech Republic’s carbon registry. The EU halted most carbon market operations at all 30 member countries following the attack. It did not give a ... Read more »

Airlines Strike Global Deal on Emissions Cuts

October 11, 2010October 18, 2016 by Gina Roos

The European Union can move ahead with plans to charge airlines for emissions permits starting in 2012, after airlines agreed to a global deal on emissions cuts, according to the European Commission, reports Reuters. In 2008, the EU agreed to include aviation in its emissions trading scheme (ETS), under which ... Read more »

EU Climate Head: Conditions Not Met for 30% Cut in CO2 Emissions

May 27, 2010May 27, 2010 by Gina Roos

The European Commission (EC) did not recommend moving from a 20 percent to 30 percent cut in CO2 emissions despite a new report that finds that the cost of meeting the higher target has dropped significantly, primarily due to the economic crisis, which cut industrial production and drove down prices ... Read more »

Cement and Steel Industries Misled EU about ‘Carbon Leakage’

May 25, 2010May 25, 2010 by Gina Roos

A new report alleges that the European cement and steel industries threats of relocation and increased global emissions, otherwise known as carbon leakage, were exaggerated, when they requested special treatment under the European Union’s Emissions Trading Scheme (ETS), reports The Guardian. According to a report from Corporate Europe Observatory (CEO), ... Read more »

HP, Sony, Dell Push PVC, BFR Restrictions

May 24, 2010 by Paul Nastu

An alliance of global companies including Acer, Dell, Hewlett-Packard and Sony Ericsson, and environmental organizations including the European Environmental Bureau (EEB), urged restrictions on PVC and brominated substances in electric and electronic equipment in the EU, according to a press release by the EEB. Polyvinyl chloride (PVC) and brominated flame ... Read more »

EU Puts Stop to Reuse of CERs

March 19, 2010March 19, 2010 by Paul Nastu

To restore confidence to the emissions trading markets in the wake of a trading scandal, the European Union has amended rules under its Emissions Trading Scheme to halt the recycling of certified emission credits (CERs). After it was revealed that the Hungarian government sold 2 million previously used CERs, markets ... Read more »

EU’s Recycled Carbon Credit Crisis Torpedoes Market

March 18, 2010 by Paul Nastu

The increasing uncertainty over the legitimacy of certified emission reduction (CER) credits traded in the EU has sent the market into a massive downward spiral. After it was revealed that the Hungarian government sold 2 million previously used CERs, the market became tepid. Then when prices fell from more than ... Read more »

EU May Cancel Carbon Allowance Auctions if Price Falls Too Low

March 8, 2010 by Paul Nastu

As part of a plan to centralize carbon emissions allowances auctions, the European Union may suspend auctions if allowance prices fall “abnormally low,” according to the World Business Council for Sustainable Development. The plan, which is to take effect in 2011, would set up no more than two auction platforms ... Read more »

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