EU industrial emissions down 4.5%

Greenhouse gas emissions from power plants and industrial facilities fell by around 4.5% last year. New statistics recorded in the Union Registry by the European Commission revealed verified emissions from more than 11,000 power plants and industrial sites covered by the EU’s Emissions Trading Scheme (ETS) amounted to 1,812 million tonnes of carbon equivalent. Miguel […]

Time to change carbon trading says business

Businesses say the carbon trading scheme in the EU must be changed to keep on track for a low carbon future. The European Union Emissions Trading Scheme (EU-ETS), should be reformed to reduce the amount of emissions allowance that is traded on the market said a group of European business leaders. In a letter sent […]

EU emissions cut of at least 40% approved

European nations must pull together and cut down emissions of greenhouse gases by at least 40% by 2030, EU heads of state agreed yesterday. They met for the European Council to endorse a binding EU target which is compared with 1990 levels. The target must be delivered “collectively” by the EU in the “most cost-effective […]

EU carbon price dips after five month high

The price of allowances for carbon emissions in the EU dipped yesterday after hitting a five month high on Tuesday. Large energy users in Europe including airlines which touch down in the EU must buy credits if they emit more carbon than their set limit. Carbon permits reached €6.50 on Tuesday, leading analysts at price […]

EU trims green energy target

The European Commission intends to set a target of 27% for renewable energy across the continent rather than 30%. Keeping energy prices at a decent price to let European businesses compete internationally is at the heart of the Commission’s new strategy for energy up to 2030. Published today, the 2030 package puts forward an EU-wide […]

Value of carbon markets forecast to rise in 2014

Analysts predict the value of trades in the carbon markets will rise for the first time since 2011. The value of the global carbon market is forecasted to rise to €46bn in 2014. While a rise of 15% from last year, this is well below €98bn high it hit in 2011. Bloomberg New Energy Finance […]

EU carbon scheme ‘backloading’ trudges forward

Plans to boost the low price of carbon emissions in Europe took another step forward today as the European parliament voted in favour of a “back-loading” measure. This would delay the release of 900 million new carbon credits in auctions to the third phase of the EU Emissions Trading System. Around 11,000 factories and sites […]

Green light for negotiations on ‘backloading’ EU ETS

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 […]

North Sea CCS needs a carrot, a stick and a “strategic vision”

Governments around the North Sea need to “develop a shared CO2 storage infrastructure” if Europe is to meet is climate change targets and achieve a low carbon economy. That’s according to a report released by Scottish Carbon Capture Storage (SCCS) to coincide with a meeting of European Parliament’s Environment Committee in Brussels this week to […]

“Slowdown” of world’s carbon emissions rise in 2012

The rise of the world’s carbon emissions slowed down in 2012 according to new figures from the European Commission’s in-house scientists and the Dutch environmental assessment agency PBL. Actual global emissions of carbon dioxide (CO2) hit 34.5 billion tonnes last year, a rise of 1.1% since 2011. That’s less than half the average yearly increase […]