BRUSSELS (Reuters) – The EU’s debt crisis has sapped its ability to lead the way in global climate talks, which began in Doha on Monday, and build on a fragile victory it clinched a year ago.
The European Union is one of the few to have promised to sign up to a second emissions-cutting period under the Kyoto process, the only international pact on tackling climate change.
BRUSSELS, Nov 22 (Reuters) – EU leaders go into a budget
battle on Thursday under pressure to avoid some glaring mistakes
of the past: half-empty motorways, airports that barely see a
flight and high-speed rail lines with few passengers to repay
vast construction costs.
Getting any deal on the European Union’s 2014-2020 budget
at this week’s Brussels summit will be hard enough. Tougher
still will be resisting the temptation to pour billions more
into projects that become monuments to waste.
BRUSSELS/LONDON (Reuters) – Scotland’s bid for independence bets on meeting ambitious renewable energy goals as much as on the dwindling riches of North Sea oil and gas.
An estimated 90 percent of Britain’s oil and gas is in Scottish territory, but output is dwindling fast and with it any prospect that it alone could make Scotland viable as an independent economy.
BRUSSELS, Nov 14 (Reuters) – The European Union’s climate
boss on Wednesday demanded member states come to a deal before
the end of the year on a stop-gap measure to tackle the virtual
collapse of the bloc’s main instrument for cutting carbon
Allowances on the EU Emissions Trading Scheme (ETS) sank
below 8 euros a tonne, down more than 9 percent on the day,
reflecting trader disappointment that Climate Commissioner
Connie Hedegaard’s statement on Wednesday did not go any further
BRUSSELS (Reuters) – EU finance ministers have failed to deliver firm promises of cash to help poor nations deal with climate change, threatening progress at international talks to tackle global warming later this month.
Talks on Tuesday in Brussels agreed vague wording but no detail on funding after the end of this year when a first tranche of cash runs out.
BRUSSELS, Nov 13 (Reuters) – New European Union emissions
rules for vehicles have been put on hold or are being delayed,
EU sources and campaigners said, citing pressure from the hard
pressed auto industry.
The downgrading of green priorities is another example of
policy falling victim to industry arguments against
environmental regulation, a trend marked on Monday by
concessions to airlines.
BRUSSELS (Reuters) – The European Union will freeze for a year its rule that all airlines must pay for their carbon emissions for flights into and out of EU airports, the EU executive said, following threats of international retaliation.
Flights within the European Union will still have to pay for their carbon emissions. The year-long exemption will apply to flights linking EU airports to countries outside the bloc, a move welcomed by U.S. and Asian officials.
BRUSSELS, Nov 12 (Reuters) – The European Commission
proposed postponing the auction of 900 million pollution
allowances in the next phase of the EU Emissions Trading Scheme,
to prop up the carbon market.
The plan would push back allowances from the first three
years of the 2013-2020 phase of the ETS, a scheme meant to
reduce the output of climate-changing gases.
BRUSSELS, Nov 12 (Reuters) – The European Union will
conditionally put on hold its rule that all airlines must pay
for their carbon emissions for flights to and from EU airports,
the EU’s executive said on Monday.
The freeze follows intense pressure on the EU to scrap its
law and threats of a trade war from other countries, led by the
United States, China and India.
BRUSSELS/LONDON, Nov 11 (Reuters) – The British government
will not get any European Union funding under the first round of
a subsidy scheme for carbon capture and storage (CCS) projects
because it has failed to provide the required financing
guarantees, EU sources said on Sunday.
CCS technology captures carbon emissions from power plants
before they enter the atmosphere and then stores them in
long-term storage sites.