BRUSSELS, March 6 (Reuters) – Latvia, current holder of the
EU presidency, has proposed a compromise start date of 2019 for
a reserve to store millions of permits from the EU Emissions
Trading System (ETS) in a bid to bolster carbon prices,
according to a document seen by Reuters.
Circulated among diplomats by the Latvian presidency, the
document says the Market Stability Reserve (MSR) should be
“operational in 2019″.
BRUSSELS (Reuters) – Latvia, holder of the EU presidency, has put forward a compromise date of 2019 to launch a repository to hold surplus carbon permits from the EU Emissions Trading System (ETS) and boost their price, according to a document seen by Reuters.
The ETS is the bloc’s flagship policy to cut greenhouse gas emissions by charging for the right to emit carbon dioxide.
BRUSSELS/LONDON/MOSCOW, March 5 (Reuters) – With less than
four weeks until its deal for Russian natural gas imports ends,
Ukraine risks losing its current discount unless it can agree a
new pact, something that took six months and help from the
European Commission to achieve last time.
Gas has become a double-edged sword in the dispute between
Ukraine and Russia after Moscow’s seizure of Crimea a year ago.
BRUSSELS (Reuters) – Using taxpayers’ money to fund nuclear power is “absolutely out of the question”, German Economy Minister Sigmar Gabriel said on Thursday, in an apparent swipe at British plans to finance new atomic generation.
Gabriel was arriving for talks in Brussels on the European Commission’s proposal for an energy union, which would deepen cross-border cooperation on energy across the 28-member EU.
BRUSSELS, Feb 25 (Reuters) – EU policymakers on Wednesday
unveiled plans to ensure the free flow of gas and power to every
corner of the 28-member bloc, hailing it as the biggest energy
shake-up for more than half a century.
Since the establishment in 1951 of the Coal and Steel
Community, the precursor of the European Union, advocates of
transnational unity have demanded closer cooperation on energy.
BRUSSELS (Reuters) – European Union regulators will announce shortly the next step in a more than two-year investigation into Gazprom, European Commission officials said, a move which may see the Russian gas producer charged with anti-competitive behavior.
Gazprom, which supplies about a third of the bloc’s gas, has been the target of an EU probe since September 2012 for allegedly over-charging customers in eastern Europe, thwarting rival suppliers and blocking the free flow of gas across the region.
BRUSSELS, Feb 24 (Reuters) – A European Parliamentary
committee on Tuesday backed a new limit on traditional biofuels
made from food crops that critics say stoke inflation and do
more harm than good to the environment.
Those seeking to promote a new generation of advanced
biofuels made from seaweed or waste welcomed Tuesday’s vote.
BRUSSELS/LONDON, Feb 24 (Reuters) – European politicians
voted on Tuesday to launch reforms to strengthen the EU carbon
market by the end of 2018, earlier than a European Commission
proposal of 2021 but later than traders had anticipated,
depressing carbon prices.
The environment committee vote in the European Parliament
still needs to be followed by further negotiations and then to
be endorsed by EU member states to become law.
BRUSSELS (Reuters) – European Union leaders want to enshrine in international law a goal to cut global emissions by 60 percent by 2050, according to a draft document that puts the bloc on a collision course with the biggest polluters.
The EU is keen to inject urgency into the climate change debate ahead of an international conference in Paris at the end of this year to seek a successor to the Kyoto Protocol on curbing greenhouse gas emissions.
BRUSSELS/LONDON (Reuters) – Prospects for early reforms to prop up the EU’s Emissions Trading System (ETS), the world’s biggest carbon market, hang in the balance ahead of a closely watched vote on Tuesday with members of the European Parliament divided over how soon to act.
Parliamentary sources said negotiations between rival political groups are likely to continue up to the vote at around 1400 GMT, which still needs to be followed by a plenary vote and to get the backing of member states.