DEFINITION: A market-based ‘cap and trade’ on emissions that allows parties to buy and sell permits for emissions or credits. The ETS covers 45% of the greenhouse gas (GHG) emissions emitted from energy-intensive sectors. In the UK, more than 700 UK-based energy intensive installations, including power stations, manufacturing facilities and oil refineries, participate in the system.
Emissions Trading System (ETS)
European Parliament adopts draft reform of carbon market
The European Parliament on Wednesday (15 February) adopted draft reforms of the EU's carbon market post-2020 that aim to balance greater cuts in greenhouse gases with protection for energy-intensive industries.
Report maps UK's 'uncertain' energy landscape post-Brexit
As Britain looks set to leave the EU's Single Market, business consultants have attempted to map out the numerous challenges facing the energy sector after Brexit, making the case for a transition phase to smooth the exit path.
Energy giants back calls to cut financial support for polluting powerplants
A coalition of thirteen energy industry firms, including Siemens, Shell and Total, have launched a new joint initiative to limit the amount of state aid subsidies that are sent to highly-polluting fossil fuel plants across the European Union (EU).
Exxon, BP and Shell back carbon tax proposal to curb emissions
Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change.
edie Energy Insights 2017
EXCLUSIVE REPORT: edie's latest report offers an insight into business energy procurement, planning and purchasing priorities from efficiencies to onsite generation.
Sky-high carbon tax needed to avoid climate catastrophe, say experts
A group of leading economists warned on Monday that the world risks catastrophic global warming in just 13 years unless countries ramp up taxes on carbon emissions to as much as $100 (£77) per metric tonne.
Coalition calls for worldwide carbon price to avert climate crisis
A group of 200 organisations including national governments and global businesses has echoed calls for an international carbon pricing system to put the world on the path to meet a 2C climate change target.
Sustainability megatrends: Realising the business case for sustainable economic growth
edie's series of exclusive thought-leadership articles on the global impact of megatrends culminates with New Climate Economy's programme director Helen Mountford exploring how businesses and governments are developing more sustainable models of economic growth that are fit for the future.
Norway's climate secretary expects deepened UK energy ties post-Brexit
EXCLUSIVE: The UK can play an "active role" in influencing Europe's climate policy post-Brexit, according to Norway's Climate and Environment Secretary, who believes the low-carbon energy relations between the two countries will be strengthened over the next few years.
Article 50: What we know (and don't know) about the environmental impact of Brexit
As the UK's departure process from the European Union (EU) officially commences with the triggering of Article 50, edie takes an in-depth look at how Brexit could affect Britain's green business community.
Leaked paper exposes EU countries' abuse of climate loophole
European Union countries exploited loopholes in United Nations forestry rules to pocket carbon credits worth €600 million and the equivalent of global-warming emissions from 114 million cars.
'Difficult to see' UK remaining in EU ETS
The UK is unlikely to remain part of the EU emissions trading system (ETS) following Brexit, an academic from the Institute for European Environmental Policy has told edie's sister title Utility Week.
Reform of EU carbon trading scheme agreed
An overhaul of the EU's flagship trading scheme for cutting carbon emissions by European industries has been approved by the member states.
Report: Heathrow expansion will create a 'black hole' in future carbon budgets
The UK Government's lack of commentary on how it plans to mitigate the environmental impacts of the third runway expansion at Heathrow Airport could create a "black hole" in future carbon budgets, a new report has warned.
Does Brexit offer a ‘golden opportunity’ to pursue EU ETS alternatives?
With MPs set to vote on the final amendments of the bill to withdraw the country from the European Union (EU), the debate surrounding the UK's future involvement in the EU Emissions Trading System (ETS) has intensified this week with a lively debate in Parliament.
edie explains: Water retail competition
This edie explains: Water retail competition guide provides an in-depth summary of the government-led strategy which will allow all non- domestic water users to switch suppliers of water retail services.
Polluting industries stand to gain from EU ETS reform, report claims
A reform of the EU Emissions Trading System (ETS), which is being voted on by the European Parliament next week, could end up giving more than €230bn in subsidies to polluting industries, a new report has claimed.
European Union 2020 energy targets 'well within reach'
European Union (EU) Member States are collectively on course to meet 2020 targets for renewables, energy efficiency and emissions reductions, although a new report has warned that long-term objectives are at risk of falling short.
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.
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.
edie Sustainability Leaders Forum - full programme
No longer a matter of compliance, sustainability is a strategic imperative as investors, NGOs, employees and consumers demand more from organisations. But what does sustainability leadership look like in an uncertain regulatory climate and how will that evolve as business leaders take a critical, long-term view of their growth strategies?
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.
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).
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.
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).