ETS reform completed – But alignment with the Paris Agreement will take more work
Today, the EU Council has finally endorsed the ETS reform, the final stage before it becomes law – but already, further reform is being discussed.
Today, the EU Council has finally endorsed the ETS reform, the final stage before it becomes law – but already, further reform is being discussed.
The moment when 196 countries signed on to this Agreement and the ratification threshold was met in 2016, the Requiem for inappropriately low carbon prices started playing in the background.
Zhang Yong hailed the dawn of China’s carbon market today
Two new briefings show how small changes to the Effort Sharing Regulation – currently being debated by the European Institutions – could slow EU greenhouse gas emissions cuts. Hundreds of millions of tonnes of CO2 emissions are at stake.
New ETS reforms guarantee that emissions reductions from coal phase-out, energy efficiency and renewables policy will not ‘pop up’ elsewhere in the EU
Deeper analysis of last week’s EU Emissions Trading System reform, and the consequences for the EU within the Paris Agreement
Last night’s trialogue agreement failed to restore the ETS as Europe’s flagship climate policy. The EU and Member States must now immediately look to how emissions can be cut rapidly before 2020 with other policies
Changes to funds, flexibility and free allocation are required to fix the EU carbon market
How plans for weak EUETS reform will not keep pace with falling coal and growing renewables
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