LONDON/BRUSSELS, Jan 11 (Reuters) – The future of the
European Union’s emissions trading scheme, meant to be a
cornerstone of the bloc’s climate policy, is in the balance this
year as traders look to Germany to back a plan to boost low
Launched in 2005, the EU Emissions Trading Scheme (ETS) has
been beset by problems ranging from overestimating the number of
permits required by Europe’s industry, to fraud, to a glut of
permits generated by low demand during recession.
BRUSSELS, Jan 8 (Reuters) – The European Union must cut
emissions from diesel vehicles as part of its efforts to reduce
air pollution, which is causing close to half a million
premature deaths per year, EU officials said on Tuesday.
The European Commission says it will publish legislative
proposals to improve air quality in the second half of this
BRUSSELS, Jan 8 (Reuters) – Ireland, holder of the EU
presidency for the next six months, is working with opponents of
a proposal to boost the European Union’s carbon market in hopes
of brokering a compromise, Environment Minister Phil Hogan said
“It’s the intention to get it through,” Hogan told Reuters
on the sidelines of a Brussels conference, when asked if a deal
was possible before the end of the Irish EU presidency in June.
BRUSSELS (Reuters) – Rigorous new sanctions against Iran’s banking, shipping and industrial sectors took effect on Saturday, as part of the European Union’s effort to force Tehran to scale back its nuclear program.
The sanctions, agreed in October, entered EU law with their publication in the European Union’s Official Journal on Saturday.
BRUSSELS (Reuters) – Russia’s president and European Union leaders failed to narrow wide differences on Syria, immigration and a string of other issues at a summit on Friday marked by testy exchanges over their biggest bone of contention, energy policy.
At the close of hours of talks, European Commission President Jose Manuel Barroso gave President Vladimir Putin a public lecture defending the bloc’s energy regulation, and the Russian leader responded by telling him he was “emotional” and “wrong”.
BRUSSELS, Dec 21 (Reuters) – Russian anger at an EU energy
law blocked progress at talks between Russian President Vladimir
Putin and European Union leaders on Friday.
Putin, on his first visit to Brussels since his re-election
as president in May, was greeted by four topless women,
protesting against civil rights curbs in Russia and shouting
“Putin, go to hell”. They were bundled away by police.
BRUSSELS, Dec 19 (Reuters) – Austria, Finland and Germany
have written to EU Energy Commissioner Guenther Oettinger
objecting to interpretation of a new EU energy savings law drawn
up by Commission officials.
After months of intense debate, the Energy Efficiency
Directive was agreed in June to improve the bloc’s record on
BRUSSELS, Dec 18 (Reuters) – The first round of a European
Commission contest to fund carbon capture and storage (CCS)
projects failed to find a winner, the EU’s executive said on
Tuesday, deepening doubts the technology can emerge soon to help
CCS developers will be able to re-submit bids for a second
round, which Environment Commissioner Connie Hedegaard said
should be concluded within a year.
BRUSSELS (Reuters) – EU countries will get an estimated 59 percent increase in revenue from the sale of carbon allowances over the next three years if plans to strengthen the EU Emissions Trading Scheme (ETS) are implemented, an internal commission note said.
Some countries, such as Poland, would see an initial drop in income because of its decision to hand out free permits to its power generators to shelter them from the cost of paying for their emissions.
BRUSSELS, Dec 14 (Reuters) – The European Commission is
considering whether to hand out more free pollution allowances
for the steel sector next year to counter the risk the industry
could be driven out of Europe, EU sources said.
The cost of carbon on the Emissions Trading Scheme (ETS) has
collapsed to record low levels under the burden of excess
supply. Earlier this month, it hit a new low of 5.61 euros a