Carbon pricing
UK extends 2018 EU Emissions Trading System compliance deadline

The deadline extension from the 15th of March to the 26th of March will give emitters more time to buy and surrender required carbon units

Brexit
UK working to establish post-Brexit emissions trading system

Claire Perry said this would come into effect after the end of the EU’s current ETS trading phase at the end of 2020, assuming a deal was reached

UK Government urged to retain carbon pricing post-Brexit

Lawrnce Slade said the carbon price support and the EU Emissions Trading System have ‘really helped’ drive investment in low carbon technologies

Picture of a power station with emissions at dusk.
Scotland and Wales concerned carbon tax could replace ETS

Both nations are worried a ‘no deal’ Brexit could devolve powers to England

EU greenlights support scheme for energy intensive users in Luxembourg

The government will compensate large energy users for higher electricity prices resulting from indirect emissions costs

UK intends to stay in EU’s carbon market until 2020

The government is still working through the details of how this would work during the transition period

EU carbon market reform clears final hurdle

The European Council has formally approved the reform of the emissions trading system (ETS) for the period after 2020. The ETS sets a cap on how much CO2 power stations and the heavy industry can emit, with the total volume of allowed emissions distributed to companies as permits. Under the revised ETS directive, the cap […]

EU lawmakers rubber-stamp carbon market reform

European lawmakers voted in favour of a deal to reform the region’s carbon market after 2020. The draft law, already informally agreed with EU ministers, would accelerate the yearly reduction in the quota of the Emissions Trading System (ETS) allowances to be auctioned. It would also allow the Market Stability Reserve capacity to be doubled […]

China to launch world’s largest emissions trading system

China has detailed plans for what is believed will be the world’s largest emissions trading system. It would cover more than 1,700 power companies and three billion tonnes of greenhouse gas emissions. Li Gao, Director, Climate Department at China’s National Development and Reform Commission (NDRC) said trading will begin after a period of “preparatory work” […]

EU Member States endorse emissions trading reforms

EU Member States yesterday endorsed the provisional deal on reforming the EU emissions trading system (ETS) after 2020. The reforms agreed by the Council of Ambassadors earlier this month aims to help the EU to deliver on its target of cutting greenhouse gas emissions by at least 40% before 2030. It hopes to achieve this […]