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Carbon removals could lead to EU ETS oversupply before 2040
by Sara Stefanini, Carbon Pulse
“Including carbon removals in the EU Emissions Trading System before 2040 risks exacerbating oversupply that has plagued the market”
CO2 removal technology not required in ETS until 2040
by Cem Bektas, Montel News
“Technologies intended to permanently remove carbon dioxide from the atmosphere are not yet ready for inclusion in the EU ETS”
Explore more media mentions
July 2024
- Natura Hoy, 26/07: Un “cambio significativo” lejos del carbón, ya que la mayor parte de la nueva producción de acero ahora funciona con electricidad
- ReportAcero, 26/07: 93% de la capacidad de producción de acero anunciada en 2024 utiliza hornos de arco eléctrico
- Carbon Brief, 18/07: ‘Significant shift’ away from coal as most new steelmaking is now electric
- Siderweb, 16/07: Sandbag: la CCS/U è una «costosa distrazione» per l’acciaio
- Carbon Pulse, 15/07: CCS for traditional steel blast furnaces unlikely to be competitive -think tank
- ENDS Europe, 15/07: Climate analysts warn of ‘growing hype’ over carbon capture in steelmaking
- POLITICO, 15/07: POLITICO Pro Morning Energy & Climate newsletter (Industrial Decarbonization section)
- Carbon Pulse, 05/07: COMMENT: Closing the CBAM scrap loophole – A critical move for climate & competitiveness
- Carbon Pulse, 05/07: INTERVIEW: Tactics to avoid EU CBAM likely to include relocation, circumvention
- Energia oltre, 04/07: Il ruolo dell’idrogeno nelle emissioni dell’Unione europea
- Montel News, 03/07: Hydrogen rollout may cause EUA supply shortage – study
- Carbon Pulse, 03/07: EU ETS could amass 1.7 bln surplus allowances by 2030 unless hydrogen production rises –analyst
June 2024
- HKTDC Research, 25/06: While Politicians Talk of Expanding CBAM, Think Tank Publishes Study Questioning Its Efficacy
- Mosaico Europa, 21/06: Importazioni e impatto ambientale: una soluzione risolutiva?
- 전기저널, 14/06: EU 탄소국경조정제도 도입, 국내 영향과 대응 방안
- Most Favoured nation, 07/06: The hunt for the perfect Tariff
- RSE Data News, 06/06: Commerce international : un “pacte vert” aux effets contre-productifs ?
- Africa Confidential, 04/06: A disputed levy
- Agence Europe, 04/06: CBAM could affect European producers more than importers, according to a report by Sandbag
- Energologija, 04/06: Ekonomski efekti CBAM mehanizma možda neće biti tako veliki kao što se očekuje
- Borderlex, 04/06: THINK TANK: UK election and trade, CBAM, China de-risking
- Bloomberg, 03/06: EU’s Carbon Border Levy Risks Backfiring on Industry, Study Says
- Carbon Pulse, 03/06: EU’s CBAM may hurt bloc’s manufacturers more than int’l ones -NGO
- ENDS Europe, 03/06: EU producers must ‘squeeze’ margins to remain competitive under CBAM, report warns
- EUObserver, 03/06: EU carbon border tax will have ‘very small impact’ on China, new report finds
- Montel News, 03/06: CO2 border tax may have minimal impact – study
May 2024
- Carbon Pulse, 28/05: EU to be lenient with CBAM penalties during early phase, official says
April 2024
- Wirtualny Nowy Przemysł, 30/04: Polska wciąż węglem stoi. Nie zmieniła tego nawet Unia Europejska
- Carbon Pulse, 26/04: CBAM must tackle recycled aluminium emissions loophole, industry and NGOs say
- RSE Data News, 11/04: Décarbonation : Les Science-Based Targets ouvrent la porte à la compensation carbone sur le scope 3
March 2024
- RSE Data News, 27/03: Marché du carbone européen : les effets pervers d’un outil censé accélérer la transition (EU-ETS) ?
- Capital.gr, 19/03: Η ΕΕ πρέπει να ηγηθεί της κούρσας για τον πράσινο χάλυβα
- Carbon Pulse, 15/03: ‘The Hamburg case’ – How steelmakers won the fight for free EU emissions permits, with help from Germany
- World Commerce Review, 09/03: Europe Quarterly (EQ) – Spring 2024
February 2024
- Carbon Pulse, 28/02: Steelmakers brace for end of free EU carbon allowances
- RSE Data News, 20/02: Absorption et stockage du carbone : les co-législateurs trouvent un compromis sur un cadre de certification (CRCF)
- RSE Data News, 18/02: L’avenir du biochar suspendu au cadre européen d’absorption du carbone ?
January 2024
- Contexte, 31/01: Marché du carbone : la Commission publie sa mise à jour des règles encadrant l’allocation gratuite de quotas carbone
- Global Energy Monitor Newsletter, 31/01: Report argues for demand-pull measures to support green steel switch
- Eurometal, 24/01: Insufficient government intervention could strand green projects: Sandbag
- Contexte, 24/01: Les « limites actuelles » du marché du carbone et la « prédominance » des centrales thermiques, « entravent la compétitivité » de l’acier vert
- SteelGuru Business News, 23/01: Sandbag: Ecosteel evolution: forging a greener horizon
- Montel News, 23/01: Europe risks stranding green steel production – think tank
- Medio Ambiente News, 23/01: Preocupación de recicladores por los planes de la UE de otorgar créditos de carbono gratuitos a las plantas siderúrgicas
- Carbon Pulse, 22/01: Green steel sector hindered by EU ETS prices
- LesEchos, 22/01: Quotas carbone : quand l’UE protège la vieille sidérurgie aux dépens du climat (in French)
- Deutsch, 10/01: EU-Politik. Wissenschaftler warnen die Kommission, den „Netto“-Ansatz zur Emissionsreduzierung aufzugeben – Deutsch City
- Euronews, 9/01: Scientists warn Commission to abandon ‘net’ approach to emissions reduction | Euronews
- Carbon Herald, 9/01: Open Letter Demands EU To Separate 2040 Emissions Reduction And Removals Targets (carbonherald.com)
- Carbon Pulse, 04/01: EU stakeholders divided over updated ETS free allocation rules
December 2023
- Carbon Pulse, 22/12: Update of the EU ETS free allocation – polluting for free during a climate crisis
- Contexte, 11/12: Marché du carbone: les recycleurs européens craignent d’etre défavorisés dans l’allocation de quotas acrbone gratuits (in French only)
- Contexte, 07/12 : Marché du carbone: les ONG vent debout contre l’acte délégué sur les quotas carbone gratuits (in French only)
- Carbon Pulse, 06/12 : EU shake-up to ETS allocation only a partial effort to speed up industrial decarbonisation
- Euractiv, 05/12: Recyclers concerned over EU plans to give free carbon credits to steel plants
- ENDS Europe, 05/12: ETS: Commission proposes reform of free allocation rules
November 2023
September 2023
- Seven Pillars Institute, 27/09: EU Carbon Border Tax: Justice Matters
April 2023
- Carbon Pulse, 18/04: Think-tank calls for shift in EU ETS free allocations ahead of phaseout
March 2023
- OPP, 22/03: Newsfeed (stakeholder reaction to Hydrogen Bank)
- Carbon Pulse, 08/03: Redirecting emissions – why so much of the EU’s carbon cash is funding CCUS
January 2023
- French Institut of International Relations: Notes de l’IFRI
December 2022
- Quartz, 14/12: If Europe’s carbon tariff works, consumers might not even notice it
- Quartz, 13/12: Steel Times International, No. 24, December 2022 (digital edition), Scrap Metal Special Issue (full access here)
- ENDS Europe, 13/12: EU inks tentative deal on carbon border tax
- Carbon Pulse, 08/12: MSR raid may be back on the table as REPowerEU, EU ETS reform talks near end
- Carbon Pulse, 01/12: UPDATE – EU clean energy subsidies should go to sectors where the carbon price ‘doesn’t work’ -report
- Carbon Pulse, 01/12: EU institutions on ‘same side’ in defending Innovation Fund from REPowerEU funding raid, says lawmaker
November 2022
- Euractiv, 23/11: Recyclers raise the alarm over ETS free allocations for large steelmakers
- S&P Global, 21/11: Recyclers urge early phase-out of EU ETS allocations for steel, metals producers
- Montel News, 21/11: Industry urges swifter phase out of free EUA allocation
- Carbon Pulse, 21/11: EU recyclers urge faster free ETS allocation phaseout, more resource saving
October 2022
- Euractiv, 04/10: EU ministers back €20 billion plan to ditch Russian fossil fuels
September 2022
- Carbon Brief, 22/09: The Carbon Brief Profile: Russia
- Carbon Pulse, 22/09: Faster free allocation phase out would aid EU steel decarbonisation by curbing scrap exports
- NGO Shipbreaking Platform, 20/09: Breaking out magazine
July 2022
- SteelGuru, 05/07: Sandbag report highlights role of steel scrap in decarbonization
June 2022
- Industry Europe, 28/06: 66% reduction in fossil fuel use if steel scrap is used properly
- Carbon Pulse, 21/06: Asian steel set to forge ahead with blast furnaces as EU wobbles over border protection
- Montel News, 21/06: End of free carbon permits key to greening steel
- Carbon Pulse, 20/06: EU steel sector can achieve major CO2 cuts with switch to electric
- EcoPolitic, 23/06: Scrap and hydrogen can reduce metallurgical emissions by 73%
April 2022
- Friends of Europe, 25/04: Reform, not a patch, will curb carbon price volatility
- Carbon Pulse, 22/04: COMMENT: Risk of surplus in the EU ETS – a short story
March 2022
- S&P Global, Market Intelligence, 14/03: US carbon markets still going strong as EU allowance prices seesaw
January 2022
- European Court of Auditors – Review No 01/2022: Energy taxation, carbon pricing and energy subsidies
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