Deputy Energy Editor, EMEA
Barbara's Feed
Jul 25, 2012

EU Commission presents plan to boost carbon market

BRUSSELS, July 25 (Reuters) – The European Commission
presented keenly-awaited plans to bolster the Emissions Trading
Scheme (ETS) by reducing a massive burden of surplus allowances
and urged member states to hurry them through by the year-end.

The proposals are the latest in a series of efforts to fix a
market designed to be the mainstay of the EU’s climate policy.

Jul 25, 2012

EU Commission to announce carbon market rescue plan

BRUSSELS, July 25 (Reuters) – The European Commission will
outline a keenly-awaited plan on Wednesday to bolster the
Emissions Trading Scheme (ETS) by reducing a massive burden of
surplus allowances.

It is the latest of a string of efforts to fix a market,
which is designed to be the mainstay of the EU’s climate policy,
but in the past has been undermined by a series of scams and now
is flooded with oversupply because of recession.

Jul 20, 2012

EU Commission to publish ETS rescue plan next week

BRUSSELS, July 20 (Reuters) – The European Commission
confirmed on Friday that it will announce plans next week to
withhold carbon allowances to support the struggling Emissions
Trading Scheme (ETS), which has suffered a collapse in prices
under the burden of oversupply.

It has decided on a two-step process to reinforce the
legality of what is meant to be a relatively quick fix to the
market’s weakness. Concerns about possible delays and lack of
detail about next week’s announcement drove ETS prices sharply
lower earlier in the week.

Jul 19, 2012

EU proposes laws to protect deep-sea fish species

BRUSSELS, July 19 (Reuters) – Ancient, little-known species
of fish, living deep in Atlantic waters, could gain protection
from EU proposals published on Thursday to phase out certain
kinds of deep-water fishing.

The Commission, the European Union’s executive arm, proposes
phasing out licences for deep-sea fishing using methods known as
bottom trawls and bottom-sea gillnets.

Jul 17, 2012

Legal plan for EU carbon market on agenda for July 25

BRUSSELS, July 17 (Reuters) – The European Commission will
on July 25 debate a legal framework to revise the timetable for
auctioning carbon allowances to bolster prices on the EU’s
weakened Emissions Trading Scheme, a document seen by Reuters
showed.

Detail on the number of allowances that could be withheld
and a carbon market review is now not expected until after the
Commission returns from its summer recess in September, three
separate EU sources said on Tuesday, speaking on condition of
anonymity.

Jul 12, 2012

EU aims to reach airline emissions deal: Commission

BRUSSELS (Reuters) – The European Union is “totally committed” to reaching a global deal on carbon emissions from airlines, the Commission said on Thursday as efforts resumed to defuse an international row over the issue.

Commission President Jose Manuel Barroso, EU Climate Commissioner Connie Hedegaard and International Civil Aviation Organization (ICAO) President of the Council Roberto Kobeh held talks in Brussels on Thursday.

Jul 12, 2012

EU aims to reach airline emissions deal

BRUSSELS (Reuters) – The European Union is “totally committed” to reaching a global deal on carbon emissions from airlines, the Commission said on Thursday as efforts resumed to defuse an international row over the issue.

Commission President Jose Manuel Barroso, EU Climate Commissioner Connie Hedegaard and International Civil Aviation Organization ICAO.L President of the Council Roberto Kobeh held talks in Brussels on Thursday.

Jul 11, 2012

EU Commission announces plans for greener cars

BRUSSELS, July 11 (Reuters) – The European Commission
published plans on Wednesday to tighten limits on how much
carbon dioxide new cars can emit, drawing warnings that it could
inflict damage on an already fragile automobile industry.

The proposals, which the commission says can shave billions
of euros off the EU fuel bill and cut greenhouse gas emissions
by millions of tonnes, retain much of the detail of a draft seen
by Reuters last month.

Jul 11, 2012

EU Commission set to announce cleaner car plans

BRUSSELS (Reuters) – The European Commission is expected on Wednesday to publish plans to tighten limits on how much carbon dioxide cars and vans can emit, the latest step towards EU goals of cutting fuel bills and curbing greenhouse gas emissions.

The binding 2020 targets, limiting CO2 to an average of 95 grams per kilometer (g/km) for cars and 147 g/km for vans, have divided the auto industry over how they should be distributed across the European fleet.

Jul 10, 2012

EU’s Hedegaard still plans ETS review before summer

BRUSSELS (Reuters) – EU Climate Commissioner Connie Hedegaard said her team was working “very, very hard” to publish a review on the emissions trading scheme before the Brussels August break, a step towards bolstering carbon prices impatiently awaited by the market.

Analysts have estimated carbon emission allowances need to be priced between 20 and 50 euros to support low-carbon investment. They were trading around 8 euros on Tuesday, after hitting a low of 5.99 euros in April, because of a surplus following a slump in demand, along with the economy of the euro zone.