01/03/2017 - In an unexpected move, the Environment Council has endorsed more ambitious EU ETS policy changes than those agreed by the European Parliament. Europe’s ETS cap in 2030 will still be out of line with the commitments the EU signed under the Paris...
Category: Carbon Markets
Calling on the Council to do the right thing for ETS Reform
Where are we headed? This week, following the EU Parliament’s vote on February 15th, the EU Council will in turn confirm its preferences on reform of the EU Emissions Trading System. With so many issues to think about - LRFs, benchmarks, MSR withdrawal rates, auction...
Winners and losers in the EU ETS Plenary vote
The idea that a transition will always have winners and losers is why the ETS was created: the market’s raison d'être was to allow those who found it hard to make emissions cuts to pay for cheaper ones elsewhere. By introducing a linear trajectory and creating...
ETS reform vote expected to boost cement sector’s subsidy to €2.8 billion by 2030
(Image used under Creative Commons License. Credit: Alexos_Fotos) Last week the European Parliament voted against carbon border tariffs for cement, while supporting increased free allocation of emission allowances. Soon-to-be-published analysis of free allocation...
EU ETS Vote: European Parliament takes a step away from the Paris Agreement
15th Feb, Strasbourg - Today the European Parliament voted to stop the EU Emissions Trading System from providing adequate signals for the transition to a prosperous low-carbon economy. In doing so, Europe’s emission reductions in 2030 are very likely to be out of...
New EU border tariffs will boost low-carbon cement
31st January, Brussels - As the EU debates whether to raise border tariffs on cement, new research by environmental think-tank Sandbag shows the proposed tariffs can create better incentives to cut cement emissions and reward companies that produce low-carbon cement....
MEPs vote on reforms to tackle cement’s windfall profits from the ETS
MEPs vote on reforms to tackle cement sector’s windfall profits from the ETS A vote in the European Parliament this morning could put an end to the cement sector’s windfall profits from the EU carbon market. MEPs in the European Parliament Environment Committee...
MEPs vote to tackle cement’s windfall profits from the ETS
MEPs vote on reforms to tackle cement sector’s windfall profits from the ETS MEPs in the European Parliament Environment Committee (ENVI), voting on amendments to the EU Emissions Trading System (ETS), have proposed to stop giving free allowances to several industrial...
ENVI VOTE on Phase IV ETS reform
Today’s ENVI committee vote on the EU ETS reached a last minute compromise on changes for the Phase IV of the system. The vote failed to create a well functioning market, instead binding the EU ETS to an unrealistic path inconsistent with both effective carbon pricing...
Rebasing the EU ETS cap won't increase uncertainty
Sandbag has proposed rebasing the starting level of the cap under Phase 4 of Europe’s Emissions Trading System (EU ETS) to reflect actual emissions in 2020.This is the most appropriate reform option for addressing the immediate imbalance between supply and demand in...