Emissions trading

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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.

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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.

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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.

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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

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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

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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

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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.

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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

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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

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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.

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While things look good for the EU in the short-term, the report warns that raised efforts were a necessity in reaching longer-term goals

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.

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.

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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).

How will Brexit impact our involvement in the Emissions Trading Scheme?

The UK's vote to leave the EU has prompted a period of turbulence in British politics. Amid the political upheaval and heated debate, concern is mounting about the future of UK's involvement in the EU Emissions Trading Scheme (ETS).

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

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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.


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