RePowerEU: Fiddling with the Carbon Market puts the Climate at Risk
RePowerEU: Fiddling with the Carbon Market puts the Climate at Risk [See new analysis with EC, EP and Council proposals] The European Commission’s plan to raise revenues from the Emissions Trading Scheme (ETS) increases the risk to exceed the market’s emission limit....
Letter to members of the European Parliament Environment (ENVI) committee
Letter to members of the European Parliament Environment (ENVI) committee The negotiations on key climate files of the Fit For 55 package which was launched by the European Commission in July 2021, are approaching critical moments. On 16-17 May, the Environment (ENVI)...
Reform, not a patch, will curb carbon price volatility
Reform, not a patch, will curb carbon price volatility As energy prices hit record levels, the European Union’s carbon emissions permits – which hit €100 on futures markets in February – have been accused of making electricity too expensive, and although natural gas...
Risk of surplus with Market Stability Reserve – a short story
The EU is in the process of reforming its carbon market (EU ETS) in line with raising the bloc’s emission reduction target up to 55%, from 40% currently. Amongst the many features…