Background: The European Commission will soon present new climate policy to reduce the emissions of the non-traded sectors after 2020. These sectors – including road transport, buildings and agriculture, amongst others – are currently covered by the EU’s Effort Sharing Decision (ESD), which regulates almost 60% of the GHG greenhouse gas emissions in the EU. …
Read more “European Parliament Event: The Effort Sharing Decision post-2020: How to ensure that the EU’s largest climate instrument is fit for purpose”
In April the Court of Justice of the European Union ruled against a case by carbon-intensive industries that had sought additional free pollution permits from the EU’s Emissions Trading System (ETS). The Court’s declaration backfired on the companies, when it ruled that the allocation of free permits had in fact been too generous, giving the Commission 10 months to recalculate the amount of free permits for the period up to 2020.
10 May 2016, 10.00-16.45 (CET), Mundo B, Fair Trade Room, Brussels AGENDA 9.30-10.00: Arrival, coffee & tea 10.00 -13.00: Session 1: Experience with low-carbon funding in the EU Moderator: Femke De Jong, Carbon Market Watch Introduction: Towards quality and accountable climate finance Urska Trunk, Carbon Market Watch: Fossil fuel subsidies through Europe’s carbon market: experience …
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WATCH WEBSTREAMING HERE Wednesday 25th May 16:30 – 19:00 European Parliament – Room A5E2 With presentations from: Tomas Wyns, VUB “Decarbonising Europe’s Energy Intensive Industries: The Final Frontier” Donal O’Riain, Founder of Ecocem (watch the webstream for presentation) Martin Pei, Chief Technical Officer for SSAB “HYBRIT – A Swedish prefeasibility study project for hydrogen based …
Read more “European Parliament Event: Enhancing the EU’s industrial competitiveness through the EU ETS innovation fund”
The EU’s carbon market rules allow Central and Eastern European Member States to invest up to €12 billion in coal powered energy production. As representatives of the EU Member States are due to discuss the EU ETS this Wednesday, the new publication “Fossil fuel subsidies from Europe’s carbon market” adds momentum to the need to overhaul this policy.
Under the EU Emissions Trading System (EU ETS) the power sector no longer receives allowances for free but is required to purchase them from auctioning. An exception is made through the so called Article 10c of the EU ETS Directive. This provision allows lower-income Member States from Central and Eastern Europe to give allowances for free to electricity installations under the condition that they invest at least the equivalent monetary value of the free allowances in the modernisation and diversification of their energy systems.
A global climate deal was adopted last December in Paris, in which all countries agreed to take action on climate change. The Paris agreement is unique as it represents a historically significant milestone that aims to pursue efforts to limit global temperature rises to 1.5°C above pre-industrial levels.
Brussels 22 April 2016. Today at least 160 countries – and the EU – gather in New York to sign a landmark climate deal with an ambitious target to limit global warming to 1.5°C above preindustrial levels. On this occasion, 23 organisations urge EU leaders to ensure that Europe’s largest climate instrument will be made coherent with the Paris agreement. Other key areas where the EU needs to deliver are the EU Emissions Trading System, and emissions from aviation.
What this consultation is about: The Commission’s State of the Energy Union presented on 18 November 2015 states that “[t]he Energy Union needs a reliable and transparent governance process, anchored in legislation, to make sure that energy related actions at European, regional, national and local level all contribute to the Energy Union’s objectives.” This corresponds to similar calls …
Read more “Consultation on streamlining of planning and reporting obligations as part of the Energy Union governance”
