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.
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.