BRUSSELS, Feb 25 (Reuters) – Economic crisis has bought time
to tackle the problem of unreliable and costly European power
but raised the risk that no one will pick up a 1 trillion euro
($1.3 trillion) bill to improve the supply network, a new report
The European Union’s economic woes have crushed energy
demand, which means that the market is oversupplied for now.
However, this also leaves big utilities short of cash.
WASHINGTON/BRUSSELS, Feb 22 (Reuters) – A U.S. proposal for
curbing aircraft emissions would exclude time spent flying over
international waters, an approach that some environmental groups
say is too timid in addressing the rise in greenhouse gasses
from the aviation sector.
The proposal, seen by Reuters, would cover just a quarter of
aviation emissions, according to some estimates, and is in sharp
contrast to a European Union law that would require all airlines
to pay a carbon fee for the entire flight if departing or
arriving at EU airports.
BRUSSELS, Feb 22 (Reuters) – Limits must be imposed on the
use of biofuels made from food crops, leading EU member states
France and Britain said on Friday, while questioning the detail
of a Commission proposal for a 5 percent cap.
Concern that some biofuels create more problems than they
solve led to a major policy shift in September when the EU
executive announced plans to limit the use of crop-based
biodiesel and bioethanol to 5 percent of total transport fuel
BRUSSELS, Feb 21 (Reuters) – The European Union on Thursday
agreed its first law to regulate safety in offshore oil and gas
drilling across the 27-member bloc and seek to prevent any
repeat of BP’s catastrophic Gulf of Mexico spill.
Some environmental campaigners said the law, which still
needs final endorsement from member states and the European
Parliament, was not robust enough. Others argued it could help
to protect Arctic waters from oil spills.
BRUSSELS, Feb 20 (Reuters) – Green campaigners pressed the
case for an ambitious new decade of energy and environment
policy on Wednesday as the European Commission kicked off debate
on 2030 goals, seeking to balance economic reality with climate
Environment groups say a possible new target of cutting
greenhouse gas emissions by 40 percent from 1990 levels -
implied from EU documents – fails to address their climate
BRUSSELS/LONDON (Reuters) – European politicians backed an emergency plan to rescue the world’s biggest carbon market from collapse on Tuesday but hesitated to kick off the drafting of legislation, sending prices down by as much as 20 percent.
The carbon market, meant to be a pillar of the European Union’s climate policy, has fallen to a series of record low prices because of a huge surplus of allowances, mostly generated by recession in the euro zone.
BRUSSELS/LONDON (Reuters) – European politicians backed an emergency plan to rescue the world’s biggest carbon market from collapse on Tuesday but hesitated to kick off the next stage of EU action, sending prices down by as much as 20 percent.
Meant to be a pillar of the European Union’s climate policy, the Emissions Trading Scheme (ETS) has fallen to a series of record lows because of a huge surplus of allowances, mostly generated by recession in the euro zone.
BRUSSELS, Feb 18 (Reuters) – Germany’s tactics to safeguard
its output of big, luxury cars threaten a planned target for
European Union limits on vehicle carbon emissions by 2020 and
could also jeopardise any future ambitions, a document from the
bloc’s executive said.
Proposals from the German government and German Christian
Democrat politician Thomas Ulmer undermine attempts to enforce a
95 grams of CO2 per km (g/km) emission ceiling on cars by 2020,
according to the Commission document seen by Reuters on Monday.
DUSSELDORF, Germany (Reuters) – The head of Germany’s biggest utility E.ON is looking to the European Union to make urgent reforms to its broken carbon and energy policy, otherwise he will seek a ‘coalition of willing’ nations to find an alternative.
Johannes Teyssen, chief executive of E.ON, in an exclusive interview said he was optimistic Germany would back an emergency fix proposed by the Commission for the collapsed EU carbon market, which he sees as a vital first step to more sweeping change.
BRUSSELS/LONDON, Feb 13 (Reuters) – Europe’s failure to
raise carbon prices enough to spur green energy use means more
nations are expected to follow the example of Britain and take
action on their own.
EU efforts in the immediate term are focused on a Feb. 19
vote in a committee of the European Parliament which will
provide the next signal of whether a plan to bolster the EU’s
Emissions Trading Scheme can proceed.