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.
BRUSSELS, June 27 (Reuters) – Major companies including
Royal Dutch Shell, Statoil and commodities
giant Bunge have written to top EU officials calling for
the urgent withdrawal of 1.4 billion carbon permits to support
the market and green investment.
A huge surplus of permits because of recession has depressed
their price, making it cheaper to pollute and cutting the
incentive to invest in low-carbon technology.
BRUSSELS, June 27 (Reuters) – A global scheme to curb
airline emissions, under debate this week in Montreal, or
national schemes to make airlines pay for their carbon costs are
the only reasons for the European Commission to change a law
that has provoked international anger, a series of Commission
letters seen by Reuters shows.
The letters, also state the Commission sees no prospect of
deferring the law requiring all flights to and from EU airports
to buy allowances under the EU’s Emissions Trading Scheme.
BRUSSELS, June 14 (Reuters) – European Commission draft
proposals to try to prop up the EU’s Emissions Trading Scheme
(ETS) could delay the sale of 400 million to 1.2 billion carbon
allowances for years, EU sources said on Thursday.
The delay would cover the first three years of the next
phase of the carbon market, 2013-2015, and then the allowances
would be released over the following three years, 2016-2018, the
sources said, speaking on condition of anonymity.
BRUSSELS (Reuters) – European Union negotiators agreed early on Thursday the text of a law designed to make governments and utilities improve energy efficiency and lower the bloc’s fuel bills.
The legislative proposal was agreed by representatives of the Commission, the European Parliament and the presidency shortly after midnight, EU sources said. It still needs the approval of diplomats from the 27 member states and would then have to be rubber-stamped by ministers.
BRUSSELS (Reuters) – European Commission proposals to enforce tighter CO2 standards for new cars strike the right balance between ambition and cost, the head of European car part suppliers’ association said, arguing against tougher goals for now.
Jean-Marc Gales, CEO of CLEPA, the European Association of Automotive Suppliers, said the plans for a binding 2020 target to limit emissions to 95 grams per kilometer would add around 1,000 euros ($1,200) to the price of car and that would be quickly paid off through savings in fuel consumption.
BRUSSELS (Reuters) – An EU energy savings law, hanging in the balance as states haggle over terms, can create a new source of business revenue for utilities or other energy companies, as Danish state-owned DONG said its experience has proved.
Denmark has taken the lead in the politics and practice of energy efficiency, while companies including utilities in other countries have opposed the EU measures on the grounds they would hobble growth and that there is no cash for upfront spending.
BRUSSELS (Reuters) – Coal-reliant Poland has pitched itself against the other 26 members of the European Union ahead of a debate on a low-carbon energy future this week, EU sources said.
The Commission aims to establish policy direction once a set of green energy goals runs out in 2020.
LUXEMBOURG, June 11 (Reuters) – The European Union has made
progress toward a deal to reduce energy use by improving
efficiency, Denmark’s Energy Minister Martin Lidegaard said on
Monday, as the debate enters what should be its final stage.
He added any agreement is not likely to include language on
setting aside carbon permits to prop up the EU’s Emissions
Trading Scheme (ETS).
BRUSSELS, June 7 (Reuters) – European steelmakers said the
European Union’s top court had thrown out their case seeking to
change the rules on free carbon allowances in the next phase of
the Emissions Trading Scheme (ETS).
Steel industry body Eurofer confirmed the case had been
declared inadmissible by the Luxembourg-based European Court of