BRUSSELS (Reuters) – A group of nations opposed to an EU law forcing all airlines to pay for their emissions meets in Moscow this week to debate possible retaliation, raising the risk of a trade war.
From January 1, all airlines using EU airports are obliged to acquire carbon allowances under the EU Emissions Trading Scheme (ETS). The law has triggered international protest from nations including the United States, China and India.
BRUSSELS (Reuters) – Nations opposing a European Union law that forces all airlines to pay for their carbon emissions will next week debate an array of counter-measures, a draft agenda seen by Reuters on Friday showed, raising the risk of an aviation trade war.
The agenda also refers to the formal dispute procedure under the Chicago Convention on International Civil Aviation, although some airline representatives and analysts have said the meeting would be unlikely to decide on whether to invoke that for now.
BRUSSELS, Feb 17 (Reuters) – A meeting in Moscow next
week of nations vehemently opposed to the EU law that forces all
airlines to buy carbon permits will debate a “basket of
counter-measures” to the European Union scheme, a draft agenda
seen by Reuters on Friday showed.
The agenda also refers to the formal dispute procedure under
the Chicago Convention on International Civil Aviation, although
some airline representatives and analysts have said the meeting
would be unlikely to decide on whether to invoke that for now.
BRUSSELS (Reuters) – European parliamentarians have agreed to compromise wording ahead of a vote this month that is expected to increase pressure on the Commission to remove carbon allowances to prop up prices on the EU Emissions Trading Scheme which have plumbed record lows.
The news helped carbon prices, with the benchmark contract up nearly 4 percent at 8.68 euros per tonne at 1250 GMT.
BRUSSELS (Reuters) – European Union member states would not find themselves short of oil if Iran stops exports, as they have enough in stock to meet their needs for around 120 days, a Commission spokeswoman said on Wednesday.
Iranian state television announced earlier in the day that the country was halting its crude exports to six European countries, although Iran’s oil ministry said shortly afterwards that this was not the case.
BRUSSELS, Feb 14 (Reuters) – Cold weather disruption
to European gas supplies underlines the need for streamlined
European energy links and the end of an approach reminiscent of
“19th-century principalities”, the EU’s energy chief said on
The European Union has made progress in breaking down
barriers to energy supply across the 27-member bloc, but some
national divisions persist.
BRUSSELS (Reuters) – Energy efficiency and low carbon investment is gaining traction as a financial asset class, but to deepen confidence the European Union must deliver “investment grade policy” a senior executive at HSBC said on Monday.
He was speaking on the eve of a debate by energy ministers on the EU’s draft Energy Efficiency Directive, on which Denmark, current holder of the rotating EU presidency, hopes to get a political agreement by the end of June.
BRUSSELS, Feb 9 (Reuters) – Plans to improve the
European Union’s record on energy saving risk stalling over
hundreds of highly technical amendments, including one that
could be good for Germany and its giant utilities, but bad for
Denmark has made moving towards a political deal on the EU’s
Energy Efficiency Directive a priority for its six-month tenure
as president of the 27-member bloc.
BRUSSELS, Feb 7 (Reuters) – The EU’s energy chief said
on Tuesday for now he was opposed to raising the bloc’s 10
percent biofuel target due to environmental concerns and urged
the bloc to agree 2030 energy goals within two years.
“During the life of this Commission, we want to be able to
reach a conclusion on targets for 2030,” Guenther Oettinger
said, referring to the current EU executive, whose mandate
expires in 2014.
BRUSSELS, Feb 3 (Reuters) – Progress on transport fuel
tax changes to encourage energy efficiency and the use of
greener sources is a priority of the Danish European Union
presidency, which will be leading the bloc’s discussions for the
first half of this year.
The reforms are being discussed at working party level and
are expected to be debated by finance ministers in March, with a
view to a possible political agreement before the end of the
Danish presidency, a Commission spokeswoman said.