Emissions trading

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Shipping accounts for about 2% of global greenhouse gases and is considered hard-to-abate

MEPs set to navigate shipping into the EU's carbon market

Members of the European Parliament's environment committee (ENVI) will vote on Tuesday (7 July) on a package of measures intended to clean up the maritime sector and to include shipping in the EU's Emissions Trading System (ETS).

Carbon pricing has proven a key sticking-point in debates around both the net-zero transition and delivering a low-carbon recovery from the Covid-19 pandemic

EU carbon price to reach €32 by 2030, short of required price for UK's net-zero target

The International Emissions Trading Association (IETA) has published its latest carbon pricing forecast and vowed to lobby for the net-zero transition by 2050 at the latest, while the Zero Carbon Commission is t calling for a UK carbon price of £75 per tonne by 2030.

BEIS wants to provide consistency for those accessing the market

UK proposes national Emissions Trading System to replace EU carbon market

The UK Government has published new proposals on its individual UK-wide Emissions Trading System (ETS) that would replace the EU's carbon trading variant.

LSE warns that less than 5% of global emissions that are covered under carbon pricing initiatives are priced at a level consistent with the aims of the Paris Agreement

Carbon price: Tax polluters not people to assist coronavirus recovery, report urges

Carbon pricing aligned to the needs of the Paris Agreement can raise revenue to support the coronavirus recovery in a better way than a tax on income or labour, new research by the Grantham Research Institute on Climate Change and Environment at the London School of Economics and Political Science (LSE) has found.

Mission Possible: Achieving a sustainable future for RETAIL

edie’s insight report series provides an in-depth exploration of the steps that sustainability and energy professionals within Britain's retail industry can take to achieve a sustainable future, today.

The Sustainability Reporting and Communications Handbook 2020

Launched during edie’s Engagement Week (4-8 May), the Sustainability Reporting and Communications Handbook 2020 provides readers with expert advice when it comes to relaying the importance of sustainability to key stakeholders; along with fresh insights to create, deliver and share a compelling sustainability report.

Chief executives from leading oil and gas giants are set to meet with President Donald Trump today to officially ask for relief support in relation to Covid-19

Polluters see coronavirus as chance to lobby against climate policies

Corporate lobbying groups have been accused of “taking advantage” of the chaos caused by the coronavirus outbreak, with oil and gas groups and automotive coalitions found to have been calling for relaxed or postponed environmental regulations as response mechanisms to the virus.

The strategies build towards the bloc's net-zero target for 2050

Everything you need to know about the EU's new Circular Economy Action Plan and Industrial Strategy

The European Commission has today (11 March) unveiled its Circular Economy Action Plan, a sweeping set of commitments aimed at ensuring that circularity and resources efficiency acts as a "prerequisite for climate neutrality" in line with the European Green Deal and Industrial Strategy.

According to EU officials, the Commission is now working on preparing the ground for an ETS-extension proposal

EU starts to chart shipping's new green course

The shipping industry will soon have to pay for its environmental impact in the EU, as both the European Commission and Parliament are moving forward with plans to include vessels in the bloc's flagship carbon market. But there are choppy waters ahead.

Pictured: The Bełchatów Power Station in Poland. Image: CC BY 3.0/Unfortunately Named

EU could use carbon border tax against Brexit Britain, warns MEP

The EU could deploy a carbon border tax against the UK after Brexit, according to the head of the European Parliament's environment committee, if Westminster diverges from bloc rules on issues like carbon markets.

Pictured: The Cottam coal power station, which ceased generation in September 2019. Image: EDF 

Report: Emissions trading reached record €194bn high in 2019

Globally, turnover related to emissions trading rose 34% year-on-year in 2019 to reach €194bn (£163bn), new research has revealed.

8 steps for overcoming the behavioural change challenge

During the SPARK 2.0 event, energy and sustainability professionals discussed the barriers to behaviour change and how businesses could harness the wider awareness of the climate strikes to engage all staff members on the need to manage energy use.

Talks at COP25 were due to conclude on Friday evening (13 December), but ran through to Sunday afternoon. Image: UNFCC

'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion

Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.

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.


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