BRUSSELS, June 27 (Reuters) – Pensions, insurers and other
funds responsible for 7.5 trillion euros ($9.75 trillion) in
assets said investment is likely to shun the European Union
unless it can draw up new energy and climate policy before the
end of the year.
Representing more than 80 of Europe’s largest investors,
including HSBC Investments, Mercer Global Investments
Europe and the BT Pension Scheme, the group on Thursday urged
the EU executive not to delay draft law on 2030 policy.
BERLIN/BRUSSELS, June 26 (Reuters) – Germany is working to
derail a compromise deal to enforce stricter rules on carbon
dioxide emissions for all new cars in the European Union from
2020, EU sources said on Wednesday.
Government sources in Berlin said Germany would not support
the deal reached early this week to enforce a new CO2 limit of
95 grams per kilometre (g/km) as an average across the EU fleet.
BRUSSELS, June 24 (Reuters) – The European Union late on
Monday agreed a compromise deal to enforce stricter rules on
carbon dioxide emissions for all new EU automobiles from 2020.
The outline agreement on implementing a target of 95 grams
of carbon dioxide per kilometre (g/km) still needs the official
endorsement of EU member states.
BRUSSELS (Reuters) – Competitions are for horses, not for artists was the verdict of the great Hungarian composer and pianist Bela Bartok.
And there is a part of Israeli pianist Boris Giltburg, declared winner on June 1 of one of the world’s most prestigious and grueling music contests, that agrees.
BRUSSELS, June 24 (Reuters) – Germany has put forward a new
proposal to weaken EU draft rules on vehicle emission limits for
carbon dioxide as it struggles to persuade other nations to help
it protect its powerful car industry, EU sources said.
Talks on a legal text are in their final stages, but German
efforts to ensure its luxury car makers, such as BMW
and Daimler, can continue to produce more polluting,
less fuel efficient cars, have complicated the debate.
BRUSSELS (Reuters) – The European Parliament’s Environment Committee backed a sweeping ban on the use in fridges and air conditioners of fluorinated gases – greenhouse gases that are many thousands of times more damaging than carbon dioxide.
The plan, which would have to be approved by a plenary session of the parliament and by EU countries before becoming law, goes much further than a proposal from the executive European Commission.
BRUSSELS (Reuters) – European Union politicians are likely to back a plan to support prices on the EU carbon market on Wednesday, in a step towards resolving debate over whether to prop up the world’s largest emissions scheme.
Even if the vote, expected after 3 p.m. (1300 GMT), is positive, the proposal to temporarily remove some of a glut of allowances from the EU Emissions Trading Scheme (ETS) faces further hurdles.
BRUSSELS, June 18 (Reuters) – Senior members of the German
government have warned EU member states that German automakers
could scale back or scrap production plans in their countries
unless they support weakened carbon emissions rules, according
to diplomatic sources.
With EU governments and lawmakers aiming to finalise the
rules next week, which most of the 27 member states back,
Germany has stepped up the pressure on them to water down limits
on vehicle emissions to protect the country’s mighty car
industry, particularly luxury makers such as BMW and
BRUSSELS/LONDON (Reuters) – A European Commission plan to revive Europe’s carbon market appears headed for a setback that would keep emissions prices depressed for years, although it may scrape approval in a European Parliament committee next week.
The Emissions Trading Scheme (ETS) was designed to force Europe’s industry and power sector to cut emissions and shift to clean energy.
BRUSSELS (Reuters) – Germany has put forward a fresh proposal on regulating carbon dioxide limits for cars sold in the European Union, which campaigners say is a last-ditch attempt to dilute a new emissions law.
Germany has been pushing for months for greater flexibility in implementing an emissions goal of 95 grams of carbon dioxide per kilometer (g/km) as an average across new EU vehicles from 2020.