selection

emissions trading

This tag is associated with 9 posts

Post-2020 reform of the EU Emissions Trading System [EU Legislation in Progress]

In July 2015, the European Commission proposed a reform of the EU Emissions Trading System (ETS) for the period 2021-2030, following the guidance set by the October 2014 European Council. Continue reading

Reducing CO2 emissions from transport

Written by Marketa Pape Graphics by Eulalia Claros International efforts to keep global warming below 2˚C and avoid catastrophic climate change require systematic cuts of greenhouse gas (GHG) emissions in all areas of human activity. Transport currently accounts for about a quarter of EU GHG emissions, making it the second highest emitting sector after the … Continue reading

EU Emissions Trading System: cost-effective emission reductions and low-carbon investments: Initial Appraisal of a European Commission Impact Assessment

Written by Samuele Dossi This note provides an initial analysis of the strengths and weaknesses of the European Commission’s Impact Assessment (IA) accompanying the above proposal which was adopted on 15 July 2015 and has been referred to the Committee on Environment, Public Health and Food Safety. The EU Emissions Trading System (EU ETS) is … Continue reading

UN climate talks in Lima – more than hot air?

Written by Gregor Erbach The 20th UN climate change conference, which starts today (1 December) in Lima, will focus on preparing a new global climate agreement, applicable to all countries. It is to be adopted a year later at the following conference in Paris. Miguel Arias Cañete, Commissioner for Climate Action and Energy, represents the … 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

Reform of EU emissions trading system (EU ETS)

Citizens occasionally write to the European Parliament asking about the functioning and the recent reform of the EU emissions trading system (EU ETS).   The EU emissions trading system (EU ETS) is a cornerstone of the European Union’s policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively. The … Continue reading

EU climate and energy policies post-2020: Energy security, competitiveness and decarbonisation

The European Commission recently presented its proposals for post-2020 climate and energy policies. It is now up to Parliament and Member States to reach an agreement. The current “20-20-20” targets focus on decarbonisation through the reduction of greenhouse gas (GHG) emissions, the deployment of renewable energy sources and energy efficiency measures. The global context for … Continue reading

Slow down, save fuel, pollute less…

Speed controls on shipping could save billions in lower ship fuel bills, cut air pollution and enable the shipping industry to play a full part in tackling climate change according a report by CE Delft consultants. The shipping industry is urgently invited to take up the challenge of slow steaming. A recent guide by Marine … 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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