BRUSSELS, July 11 (Reuters) – EU politicians on Thursday
backed a new limit on crop-based biofuels, to fix the bloc’s
policy on transport fuels once thought to protect the climate
but now suspected of doing more harm than conventional oil.
The vote in the European Parliament’s environment committee
will be followed by a plenary vote later this year and will also
require endorsement by member states, who are deeply divided on
BRUSSELS, July 10 (Reuters) – New research carried out for
the European Commission shows some crop-based biofuels meant to
protect the environment are up to twice as polluting as
conventional fossil fuels, a draft seen by Reuters shows.
The study by the Joint Research Centre (JRC), the
Commission’s in-house research body, confirms the findings of
earlier EU studies that using biodiesel made from crops such as
rapeseed as transport fuel does the climate more harm than good.
BRUSSELS/LONDON, July 9 (Reuters) – Conflicts of interest
over ownership of commodity warehouses can inflate prices of raw
materials such as aluminium, a report by two Brussels
think-tanks said on Tuesday.
It is likely to add to market pressure to reform the London
Metal Exchange’s (LME) storage system, in which companies such
as Glencore and Goldman Sachs have been able to
make profits from holding big inventories.
LONDON/BRUSSELS, July 9 (Reuters) – Rigorous legislation
proposed by the European Commission on financial benchmarks
could destroy transparency in the oil market and force up energy
costs for consumers and industry, oil price publisher Argus
Media said on Tuesday.
The new rules aim to regulate oil price reporting agencies
(PRAs), whose daily assessments are used as benchmarks to settle
physical and derivative deals worth billions, as well as the
market sources who submit data to them.
BRUSSELS/BERLIN, July 9 (Reuters) – The European Commission
has warned Germany it faces possible action over Daimler’s
refusal to remove a banned refrigerant from new cars,
after France moved to block most Mercedes sales within its
France has halted registrations of non-compliant Mercedes
models, the EU executive also confirmed on Tuesday, the latest
sign of tension between Germany and its European partners over
the direction of auto industry policy and regulation.
BRUSSELS/LONDON (Reuters) – Members of the European Parliament on Wednesday will vote on a compromise plan to try to prop up the EU emissions market, the world’s biggest carbon trading scheme.
The market has priced in a yes vote, which would be a vote of confidence for the future of the scheme, but politicians and analysts said it was likely to be tight.
BRUSSELS, June 28 (Reuters) – Owners of large ships using EU
ports will have to measure and report annual carbon dioxide
(CO2) emissions from January 2018 under proposals the European
Commission published on Friday.
The plans stop short of including shipping emissions in the
EU carbon market, but the Commission says they can still have an
impact and are part of its work towards global emissions
BRUSSELS/PARIS, June 27 (Reuters) – German lobbying has
halted a deal to enforce stricter rules on carbon dioxide
emissions for all new cars in the European Union from 2020, EU
sources said on Thursday.
The compromise deal was hammered out late on Monday to
enforce a limit of 95 grams per kilometre (g/km) as an average
across the EU fleet by 2020.
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.