selection

carbon market

This tag is associated with 5 posts

Effort sharing regulation, 2021-2030: Limiting Member States’ carbon emissions [EU Legislation in Progress]

In July 2016, the European Commission presented a proposal for a regulation to limit post-2020 national emissions of greenhouse gases (GHG) in sectors not covered by the EU emissions trading system (ETS). These include transport, buildings and agriculture. Continue reading

ETS market stability reserve

Written by Dessislava Yougova Policy makers and stakeholders agreed that the European Union Emissions Trading Scheme (EU ETS) needs to be reformed. After more than a year of discussions, the European Commission published in January 2014 its legislative proposal for a market stability reserve (MSR) in the EU ETS. The measure, to be introduced as … Continue reading

Reform of the EU carbon market : From backloading to the market stability reserve

Written by Gregor Erbach The EU Emissions Trading System (ETS) aims to achieve cost-efficient reduction of greenhouse gas (GHG) emissions through a market for trading emission allowances. The amount of available allowances is fixed in advance, in line with the EU’s GHG reduction targets. Recent developments include a decision about the allocation of free allowances to heavy industries, in … Continue reading

Hard times for carbon capture and storage

CO2 emissions are growing Global CO2 emissions continue to grow (34 billion tonnes in 2011), despite all reduction efforts. This trend is expected to continue, with more than 1000 new coal-fired power plants planned worldwide. Although coal releases 60% more CO2 than natural gas, the low prices of coal and of carbon emission allowances make … Continue reading

Prospects for the EU Emissions Trading System

The current price of carbon emissions in the EU is too low to encourage investment in low-carbon infrastructure. The reasons for the price drop are an oversupply of emission allowances and weakened demand due to the economic crisis and complementary emissions-reducing policies. Several proposals have been made to bring the carbon price back to levels … Continue reading

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