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 […]

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 […]

Council greenlights EU-Swiss emissions trading link

The European Council has given the green light for the agreement linking the EU and Swiss emissions trading systems (ETS). It will now forward it to the European Parliament for its consent in order to conclude the agreement. The ETS is one of the main tools for cost effectively reducing greenhouse gas emissions, in particular […]

EU and Switzerland to link carbon markets

The Swiss Federal Council has approved a deal to link the carbon markets of the nation with the European Union. The Emissions Trading System (ETS) aims to reduce the amount of greenhouse gas emissions generated by the sectors responsible for the most emissions. The European Commission has submitted its ratification to the EU Council for […]

MEPs vote to reduce emissions trading carbon credits

Members of the European Parliament (MEPs) have backed proposals to reform the EU Emissions Trading System (ETS) beyond 2021 to balance greater cuts in greenhouse gases. The EU ETS works as a ‘cap and trade’ system and is designed to cut pollution by making businesses pay for producing greenhouse gas emissions. The system has however […]

EU Environment Ministers call for more ambitious ETS

EU Environment Ministers are calling for a more ambitious Emissions Trading Scheme (ETS). In a discussion about the reform of the programme at the Environment Council earlier this week, they expressed their support for setting up more measures to scale up emission cuts. Ministers from countries including Belgium, the Czech Republic, Denmark, Finland, France, Germany, Luxembourg, […]

World Bank discusses carbon pricing with 30 countries

The World Bank has brought together more than 30 developed and developing nations to discuss carbon pricing. Its conference in Zurich this week will address the opportunities and challenges in using carbon pricing to reduce greenhouse gas emissions and build carbon markets. The carbon price is a charge on businesses for producing emissions. The event […]

EU agrees to fix emissions trading scheme

The EU Environment Council has agreed new measures to reform the Emissions Trading System (ETS). It has agreed to create a market stability reserve (MSR) for the greenhouse gas emissions trading scheme, a ‘cap and trade’ system designed to cut pollution by making businesses pay for producing greenhouse gas emissions. Companies can buy and sell […]