On 12th May, the Commission for the first time published the scale of the ETS surplus[1]. This is the first time this has been published by the Commission since phase 2 started in 2008. We welcome the clarity this brings. According to the Commission, the ETS surplus...
Category: ETS
Response to EUROFER’s press release on the Environment Council’s ETS Reform position
In its press release following the Environment Council’s (ENV) agreement on a general approach for reform of the EU Emissions Trading System (ETS), the European Steel Association (EUROFER) accuses the Council of falling short on carbon leakage protection. However, as...
EU ETS reform: European countries outbid the Parliament, giving hope for the long-term future of the ETS
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...
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...
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...