Emissions trading

Related content

European Commission President Ursula von der Leyen unveiled the strategy at a special session at COP25

Europe's 'man on the moon moment': Green Deal to create world's first climate-neutral continent

European Commission President Ursula von der Leyen has unveiled 50 sweeping plans to enable the EU to reach net-zero emissions by 2050, claiming that the Green Deal was "more than just a vision, it is a roadmap for action".

The summit will run until 13 December, with edie bringing you all the latest news and views from Madrid on a regular basis 

Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?

COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.

Pictured: One of RWE's coal-fired power plants in mainland Europe. Image: Greenpeace

European coal power output sees 'unprecedented' decline

Electricity production from coal is on track to fall by around 3% globally in 2019 - the largest drop on record - with Western European countries leading the charge, according to fresh data published today (25 November).

The energy companies have called for the CET to be set for 2020 and that it is comparable with recent EU ETS pricing

Energy giants call for post-Brexit carbon price certainty in 'Net-Zero Budget'

Energy giants Drax, Orsted and SSE have penned a joint letter to Chancellor Sajid Javid calling for the Government to outline post-Brexit carbon pricing mechanisms, warning that it is crucial to the resilience of business and acts as a key indicator for investors.

Ovo Energy boss kick-starts campaign for general carbon charge

Ovo Energy's chief executive and founder Stephen Fitzpatrick has launched a new campaign aimed at bolstering the UK's emissions policies on the road to net-zero.

Carbon prices in the EU currently stand at about €27 per tonne. Image: Greenpeace EU

Official EU petition calls for minimum carbon price

The European Commission has registered an official petition that calls on the EU executive to set up a minimum carbon price, "discourage the consumption of fossil fuels" and keep global warming to below 1.5C.

In action: Anesco's subsidy-free solar farm supported by a storage floor price

Renewable energy firm Anesco is working with EDF Energy and it's tech partner, Upside Energy, to introduce an industry-first guaranteed floor price for revenue from the battery storage units operating at the first subsidy-free solar development in the UK.

Ryanair becomes first non-coal company to rank among Europe's top ten carbon emitters

Irish airline Ryanair was the EU's ninth highest corporate carbon emitter in 2018, making it the first corporate without holdings in coal-fired power plants to ever rank within the bloc's top 10 most emitting firms.

The second carbon budget was met with emissions of 384 MtCO2e (14%) below the level of the budget

CCC advises government against rolling over carbon budget surplus

The Committee on Climate Change (CCC) has issued "unequivocal advice" to the government not to carry forward an emissions surplus from the second carbon budget to subsequent accounting periods.

edie Explains: Onsite generation

Is onsite energy generation right for your business? What are the technology options and how do you choose the right one? This edie explains business guide, produced in association with Centrica Business Solutions, has the answers.

The current carbon price in the EU is €18.28 - up more than threefold since May 2017

Report: EU carbon prices could hit €40 over next five years

European Union (EU) carbon prices could more than double to €40 per tonne between 2019 and 2023, spurring the transition away from coal power across the bloc.

The EU and China have emerged as leaders of the COP21 agreement Image: UNclimatechange

China, EU reaffirm Paris climate commitment, vow more cooperation

China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever.

Sector insight: The state of sustainability in hospitality & leisure

This exclusive insight report explores the key drivers, challenges and opportunities facing sustainability in the UK's hospitality & leisure industry.

Researchers say that a Paris-compliant EU-ETS system could force all coal and lignite plants – even the most efficient – either off the grid or to the margin

Report: EU carbon prices could hit €55 by 2030

EU carbon prices could quadruple to €55 a tonne by 2030 if policymakers align the bloc's emissions targets with the Paris Agreement.

Britain’s decision to leave the EU has posed a daunting list of questions to the energy sector

Investors and energy giants call for close UK EU climate ties after Brexit

Aviva, E.ON, RWE, EDF and NPower are among a coalition of 21 energy giants and top investors who have called on Britain and the EU to maintain close links on energy and climate policy after the UK leaves the bloc.

edie Explains: Smart grids

What is a smart grid and why is it important? What are the potential business benefits of the smart grid transition? And how mature is the smart grid concept in the UK? This free edie Explains guide gives you everything you need to know.

Since the ETS negotiations were brought to a close in November, the price of carbon has increased 25%

EU's carbon market update clears final hurdle

The Council of the EU has given the final stamp of approval to an update to the European Union's Emissions Trading System (ETS), which hopes to help the bloc cut emissions by 40% by 2030.

Oil taxes predictably emerged as the most substantially used financial tool, as they topped €50 per tCO2 on average

OECD urges countries to tax dirty energy

The Organisation for Economic Co-operation and Development (OECD) has encouraged governments to start taxing CO2 emissions more aggressively, in a new report which warns that current taxation levels are not enough to fight climate change effectively.

Girling warned that the distraction and “uncertainty” of Brexit could stop carbon-intensive industries from accelerating the transition to a low-carbon economy

Business benefits of EU ETS reform clouded by Brexit uncertainty

EXCLUSIVE: Last week's vote in favour to reform the EU's carbon market is a "strong signal" that energy-intensive businesses should accelerate decarbonisation processes, although the European Parliament's rapporteur on the reform has warned that Brexit will act as high-profile distraction.

8 global sustainability trends to watch out for in 2018

Over the past 12 months, challenges around addressing sustainability issues have featured consistently in global headlines. Despite mixed political messages about our transition to a low-carbon future, the private sector has continued to drive sustainability up the business agenda; from Science Based Targets (SBTs) and Sustainable Development Goals (SDGs) to increased investor scrutiny over non-financial reporting.

European carbon prices have risen 15% since negotiators first struck the deal in November and were trading at around €8.90 per tonne after the vote

Parliament rubber-stamps EU carbon market reform

European lawmakers voted in favour of a deal to reform the EU's carbon market after 2020 on Tuesday (6 February), as well as bolstering prices in the bloc's flagship tool for reducing greenhouse gas emissions.

As part of the additional income needed, Oettinger said a plastic tax and changes to the Emissions Trading System (ETS) would be proposed

Plastic tax and ETS tinkering could plug Brexit hole, suggests EU budget chief

EU Budget Commissioner Günther Oettinger has revealed that the European Commission will propose taxing plastic and shifting emissions trading income to EU level, in an attempt to balance the bloc's coffers once the United Kingdom leaves the EU.

2017 green policy review: A year of progress and pleasant surprises

What a difference a year makes. Let us briefly cast our minds back to the halcyon days of January 2017 - who would have thought that a widely-ridiculed Jeremy Corbyn would soon become favourite to be the next PM; that a divorced mixed-raced American actress would be about to enter the Royal Family, or that a vastly experienced England cricket team would succumb to a humiliating Ashes defeat Down Under before the Boxing Day test?

China’s scheme will instantly overtake Europe’s carbon market as the world’s biggest cap-and-trade system

What can we learn from China's launch of the world's largest carbon market?

China has today (19 December) signalled its intent to address climate change with the launch of the world's largest carbon market.

Sir Philip Lowe recently served as a non-executive Board Member of the UK's Competition and Markets Authority

Will post-Brexit Britain choose political sovereignty over close EU climate and energy ties?

The UK will need to sacrifice some of its political sovereignty if it wants to maintain a close post-Brexit relationship with the EU over climate and energy-related affairs, according to a top former EU Commission figure.

Brown said that his goal is to create a global emissions trading system. Image: European Parliament

EU and California to discuss linking carbon markets

The EU and California are beginning talks to potentially create a common carbon market that could also include China.

The EU ETS sets a cap on the total emissions from electricity generation and enables UK-based industries to purchase emissions reductions from overseas

European Commission moves to Brexit-proof Emissions Trading System

The European Commission has agreed on a new measure to protect its Emissions Trading System (ETS) against a potential breakdown in Brexit negotiations.

CDP notes that nearly 500 companies are potentially vulnerable to the effects of carbon pricing regulation through their failure to internalise the cost into their business

CDP: Huge leap in multinationals adopting internal carbon price

A new CDP report has highlighted an 8-fold increase in the number of large multinational factoring an internal carbon price into business strategies over the past four years.

European lawmakers are exerting more political pressure as a number of important pieces of legislation make their way through various parts of the Brussels policymaking machine

MEPs urge EU to ratchet up climate ambitions ahead of UN summits

The European Parliament on Wednesday (3 October) backed a resolution that calls on the EU to increase its 2030 climate targets and to come up with a mid-century zero-emissions strategy before an all-important UN summit in 2018.

Does the UK’s net zero future need the EU ETS?

The 2008 Climate Change Act already commits the UK to an 80% reduction in emissions compared to 1990 levels by 2050. However, the unwritten long-term target hopefully is, or at least should be, to achieve complete carbon neutrality.

Schroders estimates the current global price to be roughly $1.60 a tonne of CO2e

Carbon tax could wipe out polluters' profits in pursuit of Paris targets

More than $1.5tn (£1.2tn) in company profits worldwide could be erased by taxes required to meet the Paris climate agreement, according to analysis by Schroders.

What the report clearly stresses is the need for a transitional arrangement to smooth the path to Brexit

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.

The members are calling for a cap of 550g of CO2 per kwh for generators receiving capacity mechanism subsidies in the EU

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).

Under the proposal, a $40 carbon tax, rising over time, would be levied on emissions in order to encourage a shift towards renewable energy sources such as solar and wind

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.

The call for action will sting European leaders, who have presided over a carbon trading scheme since 2005 that currently charges major polluters just €6 (£5.20) for every tonne of carbon

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.

The coalition aims to expand carbon pricing to cover 25% of global emissions by 2020

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.

A capitalist agenda based on unbound profitability is being challenged by a new wave of economies focused on sustainable and responsible growth

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.

A subsea interconnector being built between Norway and the UK - expected to be 740km long - will allow the two countries to share surplus renewable energy from 2020

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.

edie takes an in-depth look at the things we already know about Brexit that will shape the future for the green business community

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.

The document said that leaving the loophole open risked 133 million tonnes of unearned carbon credits falling into governments hands

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.

Last week EU member states voted to approve a package of reforms to the mechanism to tackle a long-running oversupply of allowances

'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.

Member states approve changes, including €12bn innovation fund, to emissions plan for cleaner technology and pollution cuts

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.

The Government told the EAC that it intends to base its carbon policy for the runway on scenarios that use assumptions about passenger use and demand

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.

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

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.

Dr William Kyte OBE proposed the creation of a UK-based ETS scheme which mirrors the EU model

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.


Suggested keywords