EU Archives - Page 7 of 8 - Environment + Energy Leader

Maersk Cuts Fuel Use, Emissions 30% by Slowing Down

February 18, 2010 by Gina Roos

Danish shipping company Maersk has cut fuel consumption on major routes by as much as 30 percent, as well as reduced greenhouse gas emissions by an equal amount by cutting the top cruising speed of its ships in half over the past two years, reports the New York Times. Maersk’s ... Read more »

European Manufacturers Rally Against 30% Reduction in GHG Emissions

January 22, 2010 by Gina Roos

The Alliance for a Competitive European Industry (ACEI), comprised of European manufacturing companies with a combined €5 trillion ($7 trillion) turnover a year, sent an open letter to the European Council, European Parliament and European Commissions, expressing their opposition to greenhouse gas (GHG) reductions of 30 percent until other major ... Read more »

Plummeting EU Carbon Market Bodes Ill for Clean Tech Investment

December 22, 2009 by Paul Nastu

As carbon emissions allowance prices inch ever lower, it becomes less and less feasible for companies to invest in renewable energy, carbon capture and storage and other alternative energy means, observers say. After the Copenhagen talks failed to reach a binding agreement, EU carbon prices fell to a six-month low ... Read more »

American, Continental, United Sue UK Over Aviation Emissions Plan

December 18, 2009December 18, 2009 by Paul Nastu

Three top U.S. airlines, along with the Air Transport Association, have sued the UK to stop the first stage of implementation of EU emission trading regulations for aviation, reports Business Week. American Airlines, Continental Airlines and United Airlines and the ATA stated in the complaint that the rules were in ... Read more »

From the EU to Australia, Allegations of ‘Carbon Cheating’ Continue

December 14, 2009 by Paul Nastu

Whether it’s fraudulent trading in EU carbon emissions credits or Australia allegedly covering up emissions, the international business of carbon accounting continues to take hits. In the European Union, fraud within the carbon trading community may have cost taxpayers more than $7 billion in the past 18 months, reports CBC ... Read more »

Copenhagen Roundup: Day 5

December 11, 2009December 11, 2009 by Gina Roos

A greater rift between rich and developing countries is emerging through a war of words as the 15th United Nations Climate Change Conference (COP15) moves into day 5. Negotiators worked through the night Dec. 10 on a climate aid proposal for developing nations as a way to push the climate ... Read more »

Copenhagen Roundup: Day 4

December 10, 2009December 10, 2009 by Gina Roos

Heated discussions started Dec. 9 over a legally binding treaty and deeper emissions cuts that have spilled over into day four of the 15th United Nations Climate Change Conference (UNFCCC) in Copenhagen. Rifts between developing countries are also being voiced as the U.S. delivers tough talk to developing nations particularly ... Read more »

Ahead of Copenhagen, EU Carbon Prices Rise 3% in One Day

December 3, 2009 by Paul Nastu

While diplomats lack optimism about reaching a climate deal, that hasn’t stopped speculators from diving headlong into the carbon markets. In advance of the Copenhagen talks, EU carbon emissions futures rose 3 percent on Dec. 3, in European trading markets. Banks have been buying more futures, reports Reuters. EU allowances ... Read more »

EU Poised to Give Heavy Industry Free Carbon Permits

November 5, 2009November 4, 2009 by Paul Nastu

European industries including metals, building materials, textiles and ceramics will benefit from free carbon permits, starting in 2013, under the EU’s Emissions Trading Scheme. Operators in those industries complained that not having free pollution permits would make them uncompetitive with their counterparts in India, North Africa and Russia, reports Reuters. ... Read more »

EU’s Reverse VAT on Carbon Offsets Intended to Reduce Fraud

October 7, 2009October 21, 2009 by Paul Nastu

To cut down on fraud in the carbon trading market, the European Union is proposing a reverse payment scheme for value added taxes (VAT) on carbon trading, reports Carbon Offsets Daily. The EU directive would have a company send paperwork to the Treasury paying the VAT and at the same ... Read more »

EU Slapping Cargo Vans With Carbon Tax

September 14, 2009October 19, 2009 by Paul Nastu

European companies using cargo vans in their operations could face higher costs after the European Union sets caps on carbon emissions for vans sold in the EU after 2013. Automakers not complying with the caps would face fines, reports Reuters. Automakers could face fines of $175 per vehicle for not ... Read more »

Australia Votes Down Carbon Trading Scheme

August 13, 2009October 19, 2009 by Paul Nastu

One of the world’s most ambitious carbon-trading proposals was defeated in Australian Parliament. It was not a partisan vote, either. Conservatives voted against the proposal because they said it was unwise for Australia to commit before the December Copenhagen talks. Members of the Green party voted it down because they ... Read more »

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