Last week, at a conference organised by the French government, six EU countries discussed the possibility of introducing a minimum price to pollute. Although prices under the EU’s carbon market have lately risen above 10 Euros for the first time since 2011, they are still barely a third of what is needed to reach the …
Editorial Europe’s carbon market reform for the next decade is a done deal, but while the EU’s pollution price has increased in recent weeks, prices are well below what’s needed to reach the Paris climate goals. Meaningful and rising carbon floor prices could provide the necessary push to phase out coal and encourage innovation. The Organisation for …
European manufacturing sector needs an urgent transformation in order to dramatically reduce its emissions and do its part to fight climate change. How can we guarantee a prosperous, climate-friendly European industrial base that provides jobs and brings societal benefits? This week is EU Industry Week, with the future of European manufacturing sector topping the agenda …
Read more “European heavy industry can no longer dodge climate action”
EU has agreed on its carbon market rules for the 2021-2030 period, but carbon prices will remain below levels required to achieve the Paris climate goals. Meaningful and rising carbon floor prices either at the national or regional level would speed up pollution cuts by incentivising low carbon investments and making coal financially unattractive. This …
Read more “Floor prices are necessary to support weak EU carbon market”
Editorial The UN’s annual climate talks this year held in Bonn Germany saw moderate progress on implementing the Paris Agreement. However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against climate change. Meanwhile, the UN’s aviation body is drafting rules for …
After six years of negotiations, the European Union and Switzerland have signed an agreement to link their carbon markets. This means that Swiss industries will be able to use European emission allowances and vice versa. The deal is significant in its symbolic nature as it is the first time that two Parties to the Paris …
Read more “Swiss-European carbon market link: An omen for future ties?”
BRUSSELS 9 November 2017. Today, the European Parliament, the EU Member States and the Commission reached a provisional agreement on the reform of the EU Emissions Trading System (EU ETS) for the 2021-2030 period. The deal falls far short of meeting the Paris climate goals, pointing to the need for additional action at national and …
This week, the UN climate talks continue in Bonn on how to implement the landmark Paris climate change Agreement. At the same time in Brussels, the EU’s Emissions Trading System (EU ETS) revision is drawing to an end. The biggest carbon market in the world, the EU ETS should lead by example, promoting a just …
Read more “Will Europe’s key climate tool become a fossil fuel subsidy scheme?”
Updated 19 October to amend the “notes to editors” BRUSSELS 18 October 2017. Today, the EU Member States together with the European Commission and the European Parliament reached a provisional deal on aviation’s role in the EU carbon market. Lawmakers chose not to make airlines pay more for their pollution and postponed the date to …
Read more “EU delays climate action for international flights”
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