Speeding up Europe’s industrial decarbonisation by moving beyond EU carbon market
A new report by environmental think tank CE Delft, commissioned by AirClim as part of the LIFE ETX project, assesses different policy options for the…
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There is no room for fossil gas in the EU’s Modernisation Fund
As the trilogue negotiations on the Emissions Trading System take off, the EU institutions must ensure that the EU ETS-linked Modernisation Fund does not finance…
Environment ministers weaken Emissions Trading System in a race to the bottom with European Parliament
Rather than correct course after the European Parliament’s shocking abrogation of responsibility, EU environment ministers have lowered the ambition of the EU ETS even further. Moreover, the Environment Council has offered heavy industry billions in generous freebies while leaving households to pay the bill.
Carbon copy: MEPs vote for Emissions Trading System reforms they rejected two weeks ago
After being recently voted down in the European Parliament, the reform of the EU’s Emissions Trading System (EU ETS) was successfully passed today. But there’s little cause for celebration: while the changes might appear favourable at first glance, a closer look reveals they are simply a minor facelift to the same set of polluter-friendly policies.
CBAM’s coming, it’s time to put a price on carbon!
Electricity* traded between Western Balkan countries** and the EU will need to embed the cost of CO2 in its final price, potentially from as early as 2025.
A compromise too far: Why no deal at the European Parliament was better than a bad deal on EU’s carbon market – Updated
Since the European Parliament’s failure to reach an agreement on the comprehensive reform of the EU Emissions Trading System, MEPs have traded recriminations. However, those claiming that the defeated compromise deal was good for the climate are being disingenuous. Our analysis reveals it would have been catastrophic had it gone through.
How EU member states use carbon market revenues to subsidise fossil fuels
Although EU member states are meant to spend at least half of the revenue from the sale of CO2 allowances on climate action, many are using them as subsidies for the installation of new fossil fuel boilers or to reduce energy prices in industry
EU Parliament sends carbon market review back to the drawing board
In an unexpected turn of events in the European Parliament, a watered-down carbon market package was rejected by a majority of MEPs. The review of the EU Emissions Trading System (EU ETS) Directive was referred back to the Environment Committee and will now overlap with Member States finalising their position later this month.
The cautionary tale of Montenegro’s emission trading scheme
In 2020, Montenegro received widespread praise for being the first Western Balkan country to introduce carbon pricing. Less than a year later, however, the scheme’s shortcomings were exposed. What can other Western Balkan countries learn from this experience?
European Parliament is at risk of ceding EU’s climate leadership with carbon market compromises
Rather than the unseemly compromises now on the table, MEPs have the mission, if they choose to accept it, of raising the ambition of the…
