BONN/LUXEMBOURG, June 12 (Reuters) – The German government
wants the EU’s carbon market reform plan to be implemented by
2017, four years earlier than the European Commission has
proposed, Germany’s Environment Minister Barbara Hendricks said
The European Commission, the EU executive, has proposed
setting up a so-called market stability reserve from 2021 to
hold and release permits to balance supply in the bloc’s
Emissions Trading System (ETS) and better respond to economic
LUXEMBOURG (Reuters) – A compromise deal to give European Union states the option of banning genetically modified crops won approval from EU environment ministers on Thursday, bringing the EU closer to ending years of deadlock over GM cultivation.
Widely grown in the Americas and Asia, GM crops in Europe have divided opinion, with strong opposition in many countries, including France and Germany, while Britain favors them.
BRUSSELS/NOVO-OGARYOVO, Russia, June 11 (Reuters) – Russian
President Vladimir Putin accused Ukraine on Wednesday of forcing
gas talks into a “dead end” by rejecting a price cut offer made
amid a row threatening supplies to the rest of Europe.
As Kiev demanded contract changes to lower the highest
prices in Europe for Russian gas supplies, Moscow also dug in
its heels, suggesting its proposed price cut of about one-fifth
to around $385 per 1,000 cubic metres was its final offer.
BRUSSELS/KIEV (Reuters) – Russia and Ukraine resumed efforts to settle their gas price row on Wednesday after Kiev rejected a proposal that would have cut its gas bill by around a fifth and averted a possible suspension of supplies that would also hit the rest of Europe.
The dispute is part of a broader stand-off between Ukraine and its former Soviet master, as Kiev’s new West-leaning leadership struggles to contain a pro-Russian separatist rebellion in its eastern provinces.
BRUSSELS, June 10 (Reuters) – Russia and Ukraine will resume
efforts to resolve a gas pricing dispute on Wednesday after a
Russian deadline for Kiev to pay some of its debts passed
without Moscow cutting off supplies.
The gas dispute is at the heart of a crisis between Russia
and Ukraine, and failing to resolve it would set back peace
moves that are gaining momentum after weeks of violence in
BRUSSELS, June 9 (Reuters) – Ukraine and Russia will try to
avert a gas war in last minute talks on Monday, brokered by the
European Union in the hope of preventing supply disruptions and
taking the heat out of the conflict in eastern Ukraine.
Russia has threatened to cut off gas supplies to Ukraine on
Tuesday if it does not pay bills that rose sharply after popular
protests toppled a pro-Moscow Ukrainian president in February.
Moscow has since annexed Crimea from Ukraine and pro-Russian
rebels are fighting security forces in the east.
BRUSSELS, June 5 (Reuters) – European Union policymakers
propose to scrap a mandatory requirement to label oil from tar
sands as more polluting than other forms of crude following
years of lobbying from top producer Canada, according to a draft
document seen by Reuters.
The change removes one obstacle to Canada shipping crude
from tar sands to Europe, but will be criticised by
BRUSSELS, June 5 (Reuters) – The world’s leading
industrialised nations gave their backing on Thursday to a new
global deal on climate change in 2015 after promises from the
United States at the start of the week galvanised flagging
The United States’ plan to cut emissions from power plants
by 30 percent by 2030, which will run into domestic opposition,
prompted the European Union into a defence of its own record.
BRUSSELS, June 3 (Reuters) – The European Commission has
asked the Bulgarian government to suspend work on Gazprom’s
South Stream gas pipeline pending a decision on
whether it conforms with EU law, a Commission spokeswoman said
The Commission, the EU’s executive arm, says South Stream
does not comply with its rules that prohibit gas suppliers from
also controlling pipeline access, and it put the approval
process on hold following Russia’s annexation of Crimea in
BRUSSELS, June 2 (Reuters) – Russia and Ukraine agreed on
Monday to examine a payment plan to settle Kiev’s multi-billion
gas debts and fix a price for supplies until June 2015, offering
the promise of averting an energy crisis over the crucial winter
The argument over prices for natural gas has added to
tensions as the two countries have squared off over Moscow’s
seizure of Ukraine’s Crimea peninsula and over a pro-Russian
rebel uprising in eastern Ukraine.