Emissions trading

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The new UK ETS is the world's fourth-largest in terms of volume

UK ETS: Post-Brexit carbon market opens for first time with carbon price topping £50 per tonne

The UK's carbon price has hit £50 as the nation's post-Brexit emissions trading scheme (ETS) opened for the first time on Wednesday morning (19 May).

Orsted, the operator of the pictured Horns Rev 2 offshore wind farm, is named in the report as a leader on corporate carbon pricing. Image: Orsted 

More than one-third of large companies putting a price on carbon internally, CDP finds

A survey of some 6,000 large businesses on carbon pricing has revealed that more than one-third are using an internal carbon price or are planning to implement one by 2023.

Coal accounted for almost 58% of China's energy generation pre-pandemic

Report: China's carbon neutrality goal only achievable with major coal phase-out

If China is to meet its 2060 ambition of carbon neutrality, announced last year, it must shut hundreds of gigawatts of coal generation and reform emissions trading as a priority, a new report has revealed.

A drop in energy demand and increased uptake in renewables are accountable for parts of the decline

Emissions covered by EU pricing markets fell 12% in 2020

Emissions regulated under the European Union's (EU) carbon market decreased by more than 12% last year, with the coronavirus severely limiting energy demand and industrial output.

The scale and level of the changes announced for the green economy is likely to be underwhelming for many

Tax Day: Treasury will review controversial proposals for aviation duties

The Treasury has provided more than 30 updates to tax rules in the UK, but has stopped short of providing VAT breaks for energy-efficient and resource-efficient materials and business models that many had hoped for.

edie Explains: Biodiversity and Business

What is the relationship between biodiversity and business? What are the operational challenges and opportunities surrounding biodiversity? And what steps can be taken to reverse nature loss and restore natural habitats? This free edie Explains guide answers all of those key questions and more.

Green groups have largely welcomed the new strategy, but want more details

'Another vital step to net-zero': Green economy reacts to the Industrial Decarbonisation Strategy

The UK Government has unveiled a new Industrial Decarbonisation Strategy that will spur rapid decarbonisation across industry, the public sector, construction and manufacturing. But do green groups believe the strategy will put the nation on course for net-zero by 2050?

Green campaigners and trade bodies had been calling for policy certainty over emissions trading and the OEP

UK government confirms interim environmental watchdog and emissions trading scheme launch

The UK Government has confirmed that England's post-Brexit environmental watchdog will launch in July on an interim basis and that its domestic emissions trading scheme (ETS) will launch in May.

Green groups have said this Budget will be "crucial" for setting the UK on a net-zero recovery pathway. Image: Parliament Live TV

Will the 2021 Budget help the UK deliver a green recovery?

Chancellor Rishi Sunak will deliver his second Budget on 3 March. But, faced with the challenge of supporting the economy as the UK completes its lockdown exit roadmap, will the Budget deliver an appropriate response to the climate and nature emergencies?

More than eight billion allowances changed hands through European markets in 2020, a near-20% increase on 2019 levels

Global carbon market grew 20% in 2020

The valuation of the global carbon market grew 20% in 2020, totalling almost €230bn and the fourth consecutive year of record growth, new research has found.

Links between the UK and EU ETSs could become more challenging over time, if the bloc and UK diverge on climate legislation 

UK carbon trading scheme 'leaves many questions unanswered'

As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU's flagship emissions trading scheme (ETS).

Pictured: A barge carrying coal on the Yangtze river

China 'preparing to launch its first emissions trading scheme'

The Chinese government is drawing up the first emissions trading scheme in the nation's history, after it committed to carbon neutrality by 2060.

The Treasury reiterates that net-zero is “essential” in delivering long-term prosperity

Net-zero impact on UK economy to be 'relatively small', Treasury finds

The HM Treasury has published a final report in the build-up to a Net-Zero Spending Review, claiming that the transition to meeting the UK's long-term climate goals could deliver "slightly positive or slightly negative" economic growth for the UK, depending on how decisive policy action is.

The White Paper builds on the Ten Point Plan and National Infrastructure Strategy

Five things you need to know about the Energy White Paper

After months of delays, the UK Government finally unveiled its Energy White Paper on Monday (14 December) detailing how an overhaul to transport, energy and infrastructure will deliver an "overwhelmingly decarbonised power in the 2030s" on the road to net-zero by 2050.

Green Groups have welcomed the announcement, but more detail is still being required

An 'undisputed urgency to act': Green economy reacts to the Energy White Paper

The Government has unveiled the long-awaited Energy White Paper today (14 December), with green groups welcoming the focus it provides to both job growth and rapid decarbonisation in order to reach net-zero emissions by 2050.

The White Paper builds on numerous commitments outlined by Government in recent months

Energy White Paper: Government confirms £6.7bn warm homes package and UK ETS

The UK Government has finally released its Energy White Paper, detailing steps to deliver "overwhelmingly decarbonised power in the 2030s", with a new £6.7bn support scheme to be set up to tackle fuel poverty and a UK variant of the Emissions Trading Scheme to be introduced.

Timelines for enshrining the target in law will be confirmed this week

'We can do it!': EU chief announces 55% emissions reduction target for 2030

European Commission President Ursula von der Leyen has confirmed plans to target a 55% cut in greenhouse gas emissions by 2030 as part of a broader European Green Deal programme aimed at reaching "climate neutrality" by mid-century.

European Commission President Ursula von der Leyen confirmed on 16 September that the EU would back the proposed 55% reduction

Carbon prices to climb 50% over next decade following raised EU climate targets

Carbon prices across the European Union (EU) could increase by more than 50% over the next decade, with the bloc's proposed 55% reduction in emissions set to shape renewables and fossil fuel markets in the long-run, according to new analysis from the Refinitiv Carbon Research team.

edie Explains: The Green recovery

What is the green recovery? Where does business sustainability fit into its wider context? What is happening at a policy level? And what does the future hold for green recovery efforts? This edie Explains guide answers all of these questions and more.

edie Explains: Scope 3 carbon emissions

What are Scope 3 emissions? How are they calculated? How can they be mitigated and reduced? And, what are the business benefits of doing so? This free edie Explains guide gives you everything you need to know.

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.

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.

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.

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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