BRUSSELS, July 11 (Reuters) – The European Commission
published plans on Wednesday to tighten limits on how much
carbon dioxide new cars can emit, drawing warnings that it could
inflict damage on an already fragile automobile industry.
The proposals, which the commission says can shave billions
of euros off the EU fuel bill and cut greenhouse gas emissions
by millions of tonnes, retain much of the detail of a draft seen
by Reuters last month.
BRUSSELS (Reuters) – The European Commission is expected on Wednesday to publish plans to tighten limits on how much carbon dioxide cars and vans can emit, the latest step towards EU goals of cutting fuel bills and curbing greenhouse gas emissions.
The binding 2020 targets, limiting CO2 to an average of 95 grams per kilometer (g/km) for cars and 147 g/km for vans, have divided the auto industry over how they should be distributed across the European fleet.
BRUSSELS (Reuters) – EU Climate Commissioner Connie Hedegaard said her team was working “very, very hard” to publish a review on the emissions trading scheme before the Brussels August break, a step towards bolstering carbon prices impatiently awaited by the market.
Analysts have estimated carbon emission allowances need to be priced between 20 and 50 euros to support low-carbon investment. They were trading around 8 euros on Tuesday, after hitting a low of 5.99 euros in April, because of a surplus following a slump in demand, along with the economy of the euro zone.
NICOSIA/LONDON (Reuters) – A planned quick fix to the European Union’s Emissions Trading Scheme is expected to emerge over the coming weeks as a first step to the deeper reforms urgently sought by environmental and some business campaigners.
The European Commission has yet to confirm the date when it will publish details of a review of the EU ETS, including delaying the auction of some allowances to reduce a huge surplus that has kicked carbon prices down to record lows.
NICOSIA, July 9 (Reuters) – It took months of political
argument to secure a compromise EU deal on energy saving in June
and months more campaigning are likely to follow as campaigners
work to ensure consumers reap the benefits and energy suppliers
change their ways.
The aims included curbing dependence on costly imports of
oil and gas and creating jobs through energy efficiency
measures, such as building renovation.
NICOSIA (Reuters) – Cyprus will focus on shoring up European Union water supplies and on preparation for U.N. climate talks in Doha as the green priorities for its six months at the EU helm, its environment minister said on Friday.
Just before beginning its first stint as holder of the rotating EU presidency on July 1, Cyprus asked for 10 billion euros ($12.4 billion) in emergency funding for its financial sector.
BRUSSELS, July 3 (Reuters) – The European Union needs to
work harder to reach its 2020 green energy objectives,
Commission President Jose Manuel Barroso said on Tuesday.
Denmark, which has just completed a six-month stint leading
EU policy debate, put the environment at the heart of its
presidency. And it set as a priority getting a deal on an Energy
Efficiency Directive to reduce EU energy use and dependency on
fossil fuel imports.
BRUSSELS/TURIN, Italy, July 2 (Reuters) – Proposals to
toughen EU standards on car emissions have put the giants of the
German auto industry on collision course with makers of lighter
vehicles, including Italy’s Fiat.
The plan from the European Commission, the EU’s executive
arm, is to enforce a 2020 goal to lower carbon dioxide emissions
to an average of 95 grams per kilometre (g/km).
LONDON/BRUSSELS, June 28 (Reuters) – Azerbaijan’s Shah Deniz
II consortium led by BP and Statoil selected the
Nabucco West gas pipeline project to carry Caspian gas into
Europe under a proposed northern route, BP said on Thursday.
The decision is part of a long elimination process in which
rival schemes are vying to ship Caspian gas, which the European
Union hopes will break Russia’s market dominance.
BRUSSELS, June 27 (Reuters) – A bitterly disputed law that
requires flights in and out of the European Union to pay for
their carbon will not be changed unless a global deal to curb
airline emissions can be struck, European Commission letters
Countries could also be exempted from the EU law if they
introduce their own national schemes to offset carbon emissions,
according to the documents seen by Reuters.