Negotiations between the European Parliament and Council of the European Union on ‘backloading’ the Emissions Trading Scheme (ETS) have been given the green light by the European Committee of Permanent Representatives. A surplus of emissions allowances in the ETS – partly the result of reduced economic activity during the recent downturn – has pushed down […]

Today MEPs in the European Parliament passed a crucial measure which means the EU will now bring in ‘back-loading’ measures to bring down the price of carbon credits. The EU reckons there’s a surplus of 2 billion allowances in the EU Emissions Trading System (ETS) which has seen the price of carbon recently sink as […]

Greenhouse gases from power plants and manufacturers in Europe’s emissions trading scheme (EU ETS) dropped 2% last year. That’s according to figures for 2011 provided by the EU’s member states, which seem to endorse the success of the EU ETS. The scheme, which is designed to put market pressure on firms to cut their emissions, […]

So the CRC has been ‘streamlined’ by DECC. The major changes are a reduction in the number of fuels covered by the legislation, a move to fixed price allowances, overall simplification of the entry criteria and reducing an overlap with other schemes such as the EUETS. See our related story CRC changes announced for full […]

An energy-saving company claims that the CRC will have no net effect on UK carbon emissions. The reason for this, says Carbon Retirement, is that the CRC does not operate in tandem with the European Union’s Emissions Trading Scheme. And separately, the CBI has branded the current CRC set-up as a “sad state of affairs […]