Emissions trading

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Chile and South Africa are mooted to add carbon prices, but it is the potential inclusion on China that would see carbon pricing account for at least 20% of global emissions next year

Quarter of global emissions could be covered by a carbon price in 2017, says World Bank

If policymakers can embed a carbon price within "complimentary" green legislation, then climate change mitigation costs could fall by almost a third by 2030, a new report from the World Bank has found.

Nations agreed to a last-minute decision to drop plans of aligning ICAO policies with the Paris Agreement’s 1.5/2C pathway

Global aviation climate deal agreed: 'Mission accomplished' or 'timid step' forward?

Representatives from 191 nations finally pieced together a global deal to introduce a carbon offset scheme for the aviation sector in Montreal last night (6 October), although the agreement has been acknowledged as a "timid step in the right direction" by green groups.

Joining the CPLC is the latest of the London-based firm’s global climate change mitigation drives - which also saw company lawyers play a “key role” in the COP21 process.

Baker & McKenzie becomes first law firm to join carbon price coalition

Multinational law firm Baker & McKenzie has become the first legal industry representatives to join the World Bank's Carbon Pricing Leadership Coalition (CPLC) in a commitment to help clients "respond innovatively to the risks - and opportunities" of an economically regulated low carbon future.

New analysis has claimed that despite needing an upgrade, the current EU ETS is functioning with the “potential to deliver real emissions reductions”

Is 'imperfect' ETS a better option for aviation emissions than a voluntary ICAO draft?

As nations meet today (26 September) to edge a global aviation deal closer, new analysis has suggested that the European Union's Emissions Trading System (EU ETS) is still "superior" to the drafted proposal offered by the United Nation's International Civil Aviation Organization (ICAO).

One potential method to reduce emissions from shipping is the use of biofuels. The Sustainable Shipping Initiative is already exploring how biofuels could be used as an energy source

European Commission urged to revamp bioenergy and shipping policies

The European Commission has been greeted with across-the-board support from MEPs to include emissions from shipping in the European Union's 2030 emissions reduction target, while non-profits are also calling for improved bioenergy policies.

According to plans currently under consideration, the global market-based system would be fully up and running in 2027 only, six years later than the initial 2021 deadline

MEPs shocked by 'secretive' ICAO plan to cut aviation emissions

A six-year delay, exemptions for poor nations, and a gradual phase-in system for participating countries are all being considered as part of talks to curb aviation pollution at the International Civil Aviation Organisation (ICAO), MEPs discovered at a hearing in Parliament today (1 September).

New legislation includes emission standards for cars, vans and - for the first time in Europe - trucks

Vehicle emissions standard forms 'centrepiece' of EU's low-carbon vision

A new legislative proposal from the European Union (EU) that creates binding targets for Member States to reduce emissions in the transport, buildings, agriculture, waste, land-use and forestry sectors will hinge on the ability to accelerate low-carbon technology and fuels in the automotive industry.

Ian Duncan MEP has spearheaded the European Parliament's reform of the Emissions Trading Scheme, the EU's flagship policy to tackle climate change. Photo: Ian Duncan/Flickr

Brexit calls EU climate action into question as top MEP quits

The European Union's plans to reform its broken carbon market have been thrown into turmoil after the British lead MEP on the bill to revise the Emissions Trading System resigned after the UK voted to leave the bloc.

The EU, representing around 10% of global emissions, wants to lead the global fight to tackle climate change

"The EU is doing its homework": Commission makes landmark proposal to ratify Paris Agreement

The European Commission has today (10 June) presented its plans for the European Union (EU) to ratify the historic Paris Agreement, calling for a swift process of enshrining the global climate deal into European law.

Sir David King gave a keynote speech at the launch of the UK Stakeholders For Sustainable Development (UKSSD) network

Sir David King: UK should shift renewable energy subsidy focus to offshore wind

The Department of Energy & Climate Change (DECC) should concentrate its limited renewable energy subsidy budget on offshore wind, in an effort to drive down costs and increase investor demand, the UK's chief climate envoy has told edie.

BP’s warning of a fossil fuel pull-out from Europe was repeated three times in the letter, most stridently over plans to mandate new pollution cuts and clean technologies

EU dropped climate policies after BP threat of oil industry 'exodus'

The EU abandoned or weakened key proposals for new environmental protections after receiving a letter from a top BP executive which warned of an exodus of the oil industry from Europe if the proposals went ahead.

The reformed Emissions Trading System would allow sectors, such as the maritime and steel industries, to adopt a carbon pricing set at international level

EU ETS in need of 'ambitious' revamp, MEPs warn

The European Union (EU) has been urged to revamp its Emission Trading System (ETS) to allow for free allowances to be given to the industries that need them most, even though it was revealed that struggling Tata Steel has received £700m from the ETS since 2008.

By 2017, carbon markets could cover up to half of the global GDP, according to ICAP

Half of the world calls for carbon markets to accelerate emissions reduction

Half of the countries that agreed to limit global warming to two degrees at COP21 in Paris thrown their weight behind calls for the development of international carbon markets - a move that could prove vital in reaching climate goals - according to new research.

Donald Trump faces a £1,610 penalty due to flights to the UK in a plane from DJT Operations I LLC

Donald Trump hit with aviation emissions fine for UK flights

US Republican presidential frontrunner Donald Trump has been fined for the carbon pollution caused by part of his aircraft real estate, joining the Bahrain royal family and Rupert Murdoch's 21st Century Fox America in breaching EU emissions trading schemes.

The EU's Emissions Trading System is the world's biggest scheme for trading emissions allowances

Battle lines forming as EU holds first debate on ETS reform

France, the UK, the Czech Republic and Slovakia are backing a more targeted approach for heavy industries, at risk of closing down or relocating abroad, due to increased pressure to reduce global warming emissions.

The letters are part of an awareness campaign by responsible investment association ShareAction

£45bn investors urge FTSE 100 firms to stop lobbying against climate policy

A global group of institutional investors with more than £45bn in assets have called on nine FTSE 100-listed companies to end their lobbying activity against climate legislation.

MEPs voted in favour of reforming the Emissions Trading Scheme early to remove carbon allowances

European Parliament votes for early carbon market reform

The European Parliament has endorsed plans to reform the Emissions Trading Scheme (ETS), it was announced yesterday (8 July).

The experts were broadly supportive of cap-and-trade with 19% saying it is an ideal abatement instrument, 66% saying it is the best we can agree on, and just 8% saying it does more harm than good.

Cap-and-trade "best solution we can agree on" for climate change

Nearly two thirds of 'carbon experts' believe that a cap-and-trade carbon market is the "best method we can agree on" for reducing global emissions.

Approximately two billion backloaded and unallocated allowances will be put into the MSR before they flood the market at the end of the decade.

EU to clamp down on 'glut' of carbon permits in the ETS

EU lawmakers have agreed to fastrack a reform to the EU emissions trading scheme (ETS), to deal with the surplus of allowances in the system.

A 30% increase in energy prices would lower EU exports by 0.5%

Rising price of carbon would have almost no effect on EU trade, study finds

The EU could increase its carbon price tenfold without any real impact on international exports, academics have found.

Tim Yeo is chairman of the Commons energy and climate change committee

Tim Yeo: Paris climate talks must allow emissions trading system to be linked

The chairman of Parliament's Energy and Climate Change Committee says a new global climate deal due to be agreed at the COP21 Paris meeting must allow for carbon trading between countries.

The EU-ETS covers 11,000 factories and power stations across Europe

EU must limit carbon permits, says Corporate Leaders Group

The European Union Emissions Trading Scheme (EU-ETS) must be reformed to include a Market Stability Reserve (MSR) by 2017 at the latest, to keep the continent on track for developing a low-carbon economy.

Business leaders answered UN Secretary General Ban Ki-Moon's challenge to make bold pledges ahead of the Climate Summit

UN Climate Summit: The bold pledges business leaders want to see

Ahead of the UN Climate Summit in New York, environmental lobby organisation The Aldersgate Group gathered industry executives to find out what bold pledges they believe would close the emissions gap.

Major corporations are outpacing governments on carbon pricing

Big business leads the way on carbon pricing

Major corporations are outpacing governments by preparing for a financial future with carbon pricing.

Renewable energy accounts for 15% of Britain's power today

Six renewable energy targets set for next UK Government

The renewable energy industry has united to launch a series of 'key tests' for the UK political parties ahead of the next General Election.

The Chancellor has been forced to back down over his opposition to the fourth carbon budget targets

Davey forces Osborne to back down over fourth carbon budget

The Chancellor has been forced to abandon his calls for the fourth carbon budget to be diluted after the Government announced today that, having listened to the business sector, the UK will retain the fourth carbon budget in its current form.

Per capita greenhouse gas emissions in the EU have decreased by almost a quarter since 1990

EU reports lowest greenhouse gas emissions on record

The European Union's is within reach of its 20% reduction in greenhouse gasses by 2020, with emissions across its 28 member states falling by a further 1.3% in 2012.

European ministers gathering in Brussels for the Green Growth Summit today are calling for an "ambitious" EU 2030 Energy and Climate Policy Framework

EU climate change Ministers set out low carbon vision in Brussels

European Cabinet Ministers responsible for energy and climate change have come together today to set out their vision for a low carbon economy.

Aviation is the fastest growing source of greenhouse gas emissions in the transport sector

ETS will cover EU airspace only under new proposals

The European Commission today proposed to reduce its Emissions Trading System (ETS) for aviation to cover flights in European regional airspace only, following international pressure.

The aviation industry has agreed on a comprehensive strategy to progress technology, operations and alternative fuels to reduce emissions

Aviation industry agrees global mechanism to reduce emissions

A global mechanism that could cut airlines' carbon emissions from 2020 has been supported by the International Civil Aviation Organisation's (ICAO) 191 member countries.

UK must approve carbon budget soon or risk investment, says Lord Deben

The Committee on Climate Change (CCC) has called for the Government to approve its fourth carbon budget in the New Year to avoid further investor uncertainty.

Energy intensive industries to retain competitive edge with CfD exemption

Energy intensive businesses are to be made exempt from the costs of Contracts for Differences (CfDs), under plans published by the Department for Business, Innovation & Skills.

EU energy ministers reaffirm backloading support ahead of crucial vote

Energy and Environment Ministers from twelve EU member states have today re-issued a joint statement calling for MEPs to support backloading proposals for the EU Emissions Trading System (EU ETS), due to be voted on in Strasbourg on Wednesday.

UK motor manufacturers call for reintroduction of CCA exemption rule

The Society of Motor Manufacturers and Traders (SMMT) has called for the Climate Change Agreement (CCA) exemption rule to be re-introduced, as it claims the scrapping of the rule will cause administrative complexities for its members.

Backloading still on the cards as ENVI votes 'yes'

The Parliament Environment Committee (ENVI) today voted in favour of the Commission's proposal to allow backloading in the EU's Emissions Trading Scheme (ETS).

EU GHG emissions data for 2011 show lowest level in more than 20 years

Europe's greenhouse gas (GHG) emissions fell by 3.3% in 2011, which led to the lowest level of emissions in reports going back to 1990.

Energy intensive industry receives Government compensation guidance

New government guidance is providing energy intensive businesses information on how to claim compensation to offset the cost of energy policy in their electricity bills.

EU ETS emissions fall 2% but surplus allowances approach 2 billion

Greenhouse gas emissions from power plants and manufacturing installations participating in the EU Emissions Trading System (EU ETS) fell by 2% last year, according to new data from the European Union (EU).

Second backloading vote announced as EU ministers reiterate support

Energy and environment ministers from nine European member states have outlined their support for the EU Emissions Trading Scheme (ETS) backloading proposals, as it emerged that a second vote on the proposals would take place next month.

House of Lords sounds alarm over EU low carbon investment uncertainty

A clearer EU policy is needed to unlock investment in secure, affordable and low carbon energy, according to a report released today by the House of Lords.

EXCLUSIVE: Global deal on CO2 emissions 'not enough' to reduce current levels

Action can and should be taken to cut CO2 emissions at a local level in the absence of a global deal, which, on its own, would not be enough to tackle the planets rising CO2 levels, says the Carbon Trust's Eric Lounsbury.

UK Government 'disappointed' with vote against EU ETS backloading proposal

The UK Government has expressed its disappointment in yesterday's vote rejecting the European Commissions backloading proposal under the controversial EU Emissions Trading Scheme (ETS) but said it respects the views of MEPs.

European Parliament votes against EU ETS carbon back-loading proposal

The European Parliament has voted against a 'back-loading' of carbon emissions allowances under the EU Emissions Trading Scheme (ETS) today.

EXCLUSIVE: EU ETS labelled 'ridiculous proposition' ahead of vote

A coalition of 45 organisations has issued a report which argues that the EU Emissions Trading Scheme (EU ETS) has systemic and unresolvable problems.

Unambitious climate targets 'preventing investment' in clean energy projects

More than 80% of the biggest project developers in the global emissions reduction industry cite the lack of global ambition on climate change mitigation as the biggest barrier to their continued development of clean energy and emissions reduction projects.

EU ETS faces 'severe crisis' if backloading gets no vote

A group of prominent environment ministers, including Secretary of State for Energy and Climate Change Ed Davey, have called on the European Parliament to support the implementation of backloading for the EU's Emissions Trading Scheme (ETS).

CCS gets second chance with relaunch of EU funding

The European Commission has launched a second call for proposals under its NER300 investment programme for low-carbon technologies.

The steel industry has agreed to extend its energy efficiency improvement targets to 2020

Industrial sectors sign up to 2020 energy efficiency targets

The UK's energy intensive industries have agreed to commit to extending energy efficiency improvement targets to 2020 as part of the voluntary Climate Change Agreements (CCA) scheme.

EU greenhouse gas emissions down 1.4% on 2011

The European Union's 27-Member State and Norway emitted around 1,876 million tonnes (Mt) of greenhouse gases in 2012, a decrease of 1.4% on 2011.

Investors losing confidence in EU ETS but cause for long-term optimism

The EU Emissions Trading Scheme (ETS) "no longer has a significant impact on emission reductions," according to one in five respondents to a carbon market survey.

Global carbon market to grow 14% this year but faces plunge in 2013

The volume of carbon traded globally will continue to grow by 14% to 12 gigatonnes (Gt) CO2e this year but is likely to drop by 15% next year, according to analysis.

Upcoming Budget must prioritise energy efficiency of UK homes

The Budget must include measures to make Britain's homes more energy efficient, boosting the construction industry and reducing household bills, the Federation of Master Builders (FMB) has warned Osborne.

EU ETS gains crucial reprieve with vote in favour of backloading

The European Parliament's Environment Committee has voted in favour of amendments supporting carbon backloading throwing the flagging Emissions Trading Scheme (ETS) a precious lifeline.

Big business calls for 'yes vote' to revive EU ETS

A group of 30 influential European companies and associations have called on MEPs to vote in favour of amendments supporting carbon backloading, in an attempt to revive the EU's Emissions Trading Scheme (ETS).

European airlines making more than £1bn profit on ETS

Airlines will generate up to €1.3bn (£1.1bn) in profits in 2012 by taking part in the EU Emissions Trading System (ETS), according to a new study.

Shaky ETS sees record low price drop

The price of carbon traded within the EU's Emissions Trading Scheme (ETS) fell to record lows yesterday as European Union Allowances (EUAs) dropped below €5 per tonne of CO2.

EU ETS £250m compensation scheme needs 'tightening' warn MPs

Large companies already profiting from the over allocation of EU Emissions Trading System allowances (ETS) could be over-compensated by the Government, MPs have warned.

Boarding a fuel efficient future

With six airlines and 150 aircrafts, TUI Travel has a significant environmental impact, but as the aviation sector looks to a sustainable future the travel company is aiming to operate the most carbon efficient airlines in Europe, according to Jane Ashton.

Hospitals will have the option to opt-out of the EU ETS

Smaller businesses to be exempt from EU ETS

Small emitters and hospitals will be able to opt-out of the EU Emissions Trading System (EU ETS) from 2013, the Government has announced.

Construction is one of the most energy intensive industries

Energy intensive businesses to be exempt from low carbon costs

The Government will exempt energy intensive industries from costs arising from new long-term 'contracts for difference' (CFD), which are designed to increase investment in low carbon technologies.

London monopolises 90% of EU carbon trade market

The UK's first auction for Phase III allowances of the EU Emissions Trading Scheme (EU ETS) took place in London yesterday, confirming its global reputation as a centre for carbon trading.

Second dash for gas could leave UK 'vulnerable' warn Ministers

A Treasury led 'dash for gas' could make the UK's carbon targets under the Climate Change Act unachievable, according to the Environmental Audit Committee today.

CO2 offsetting surges in the EU

Carbon offsetting by companies in the EU grew by 85% last year, according to new research.

CBI calls for EU to set 2030 emissions target

The business lobbying organisation, the Confederation of British Industry (CBI), has called on the EU to stop "short-term tinkering" with the carbon market and clarify political agreement on a 2030 emissions target.

EU 'stops clock' on airline emissions tax plans

Plans to force airlines to pay for their emissions for flights in and out of Europe have been put on hold by the European Union, it emerged today.

Major businesses urge PM to stabilise power sector

Eight major businesses have today sent a letter to the Prime Minister calling on him to adopt effective policies on climate change to support British business and help restore the economy.

The mutual use of the EU's and Australia's trade emissions systems will commence no later than July 1 2018.

EU and Australia link trading emission systems

The European Union (EU) has announced that it will link its emissions trading system with Australia's emissions trading scheme, allowing businesses to use carbon units and comply under either system.

Long-term green tax plan needed to change behaviour

The Government needs to give people confidence that environmental tax incentives will be in place for a long time, the Chartered Institute of Taxation (CIOT) has said.

John Cridland: green will be new colour of economy

Economic growth 'no choice' but to be green - CBI

CBI director general John Cridland has said that the choice between going green and economic growth is a "false" one.

A consultation concerning the simplification of the EU Emissions Trading System launched today

Regulatory change to save businesses time and money

A new UK approach to Emissions Trading has gone out to consultation today with the promise of cutting 'red tape' and saving businesses both time and money.

Troubled ETS must have 'robust' carbon price, say analysts

EU greenhouse gas (GHG) emissions dropped by 2.45% in 2011 as a result of the continuing economic downturn - fuelling concerns that Europe's carbon market will be oversupplied until 2020.

Chancellor of the exchequer George Osborne

Budget 2012: Businesses call for government to commit to green economy

Businesses have called on the Government to commit to the green economy and clarify how it intends to drive its growth ambitions with its long-term climate change objectives in tomorrow's (March 21) budget announcement.

ExxonMobil lands £2.8m fine for failing to report CO2

Oil giant ExxonMobil has been slapped with a fine of £2.8m for failing to report carbon dioxide emissions of 33,000 tonnes from its chemical plant in Fife, Scotland.

Compliance costs for global aviation sector forecast to fall in 2012

The cost to airlines joining the EU Emissions Trading Scheme (ETS) fell "significantly" this year to Euro505m, as a result of a struggling economy and could fall further if the full offset quota was used.

The sky's the limit

From New Year's Day, airlines operating in Europe became subject to emissions restrictions - now the EU's controversial new trading scheme has come into force. How, asks Mike Scott, does it affect the industry?

Majority of Welsh are 'committed' recyclers

As Recycle Week gets underway, a new survey shows that more than three quarters of people in Wales are committed recyclers.

What lies beneath

Trapping CO2 underground is now a reality, and it seems a sensible proposition in the face of climate change. But putting the gas down below can allow companies to get access to even more fossil fuels. Mike Scott reports

The cap fits - it's time to wear it

Phase III of the EU's Emissions Trading Scheme will bring in stricter emissions caps in the name of fighting climate change. Merlin Hyman says it has to be done - despite dissenting voices from some quarters

Zero tolerance

Tough on carbon, tough on the causes of carbon, was the Government's stance - as it quietly announced that all new non-domestic buildings would have to be zero-carbon rated by 2019. Mark Lupton analyses the likely impacts of the ambitious target

How to get on top of the carbon league

A mandatory emissions-trading scheme, the Carbon Reduction Commitment, comes into force in 2010 and will target around 5,000 businesses. Sonya Bhonsle explains

Economies of Scale

In 12 years, the UK will have to generate seven times more energy from renewables than it does now. Microgeneration schemes offer a solution, and one that could prove lucrative for businesses and households. Ken Whittaker reports

A question of credibility

Carbon offsetting has ruffled the feathers of big businesses around the world. Different schemes have been mooted - some more dubious than others, says Mark Lupton

Prepare for rule by regulation

The planet is hotting up. And so is regulation aimed at getting companies to cut carbon emissions. But, Mike Scott discovers, many of the new rules can also lead to intriguing business opportunities

European Court of Justice - preliminary rulings

The European Court was asked, by a court in France, whether the directive, establishing the greenhouse gas emissions trading scheme, breached the principle of equality laid down in the EU Treaty insofar as the directive makes the greenhouse gas emission trading scheme applicable to installations in the steel sector, without including, in its scope, the aluminium and plastics industries.

WFD by 2015: an unrealistic deadline?

The WFD aims to improve integrated water management at a catchment level. But uncertainty remains. Mike Woolgar analyses the issues and how the industry should proceed.

How the budget will impact on environmental sector

The Environmental Industries Commission has compiled a thorough analysis of how member companies are likely to be affected by Alistair Darling's first budget.

An unhealthy scepticism

Those who scaremonger on the costs of fighting climate change are not just jeopardising the environment, they are in fact ignoring a raft of financial opportunities, writes Merlin Hyman, director of the Environmental Industries Commission

Getting commitment on carbon

After 12 years, the Environment Industry Commission's message on climate change finally seems to be getting through, writes the organisation's director, Merlin Hyman. But there is still a lack of ambition

Beyond Kyoto

In Bali in December last year, the US finally agreed to get on track towards a binding agreement on climate change. But, asks Mike Scott, what has actually been achieved?

Carbon accounting: The new bottom line

Legislation combined with pressure from investors and consumers means companies not yet addressing their carbon emissions are risking their long-term futures
Justin Strutt

Climate change: What are we waiting for?

The debate is over and the threat is real. Without firm international comittement to stem the climate change, the cost will not be measured financially, but in lives
Hilary Benn MP

Carbon commitment 'lacks ambition'

The government's new Carbon Reduction Commitment aims to cut emissions from large non-energy-intensive organisations such as water companies. Merlin Hyman of the EIC analyses the scheme, which starts in 2010, and questions its efficacy.

Slovak steel company loses NAP battle

A steel company which sought to scrap plans to restrict national carbon emissions has had its mettle tested by the European courts.

Understanding the market

Carbon trading is gaining momentum. There is now a real basis for a global market, and demand is predicted to grow rapidly
Miles Austin & Jill Barker

Renewing energy policy

A recent speech highlighted how migrating to a low-carbon economy will involve concerted policy initiatives from across all government departments, says John Hutton MP

Edie Environmental Legislation Summary May 07

Recent changes to legislation which will impact on the environmental sector in the UK, Europe and internationally come under the spotlight in this Semple Fraser and Edie News monthly round-up of new law and policy. Among the developments this month we see the EU authorising the use of six chemicals found in pesticides, new rules on greenhouse gas emission trading in the UK, while Northern Ireland sees a host of new water and sewerage service regulations come into force.

Edie Environmental Legislation Summary

Recent changes to legislation which will impact on the environmental sector in the UK, Europe and internationally come under the spotlight in this Semple Fraser and Edie News monthly round-up of new law and policy. Among the developments this month we see more stringent requirements for oil exploration in UK waters enter into force, and revised air quality standards setting new limits on benzene and other pollutants in England. Transport fuel suppliers in England and Wales will have to reduce the amount of sulphur in liquid fuels under the new Sulphur Content of Liquid Fuels Regulations 2007; while in Northern Ireland asbestos rules are tightened with a lower control limit and revised measurement requirements, consistent with 1997 WHO guidelines.

'Every industry should be an environmental one'

He's been environment minister for less than a year, but David Miliband has a clear vision for the environmental performance of business

End of an era

The old way of tracking emissions via dozens of spreadsheets is risky if not impossible. Real-time solutions are now becoming vital. Paul Reinermann reports

Wising up to EMS

More and more businesses are turning to energy management to boost their profits. And those that aren't, need to get wise to this low-cost strategy, writes Jo Reeves

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