The fines cover the 2020/21 financial year for breaches of the EU Emissions Trading System, CRC Energy Efficiency Scheme, Energy Savings Opportunity Scheme and Fluorinated Greenhouse Gas scheme
The amount of money paid by businesses for the carbon they emit could be slashed in the coming months
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The UK’s leading business gas supplier, Gazprom Energy, analyses what’s next for the energy market, in this full day online event.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]