BRUSSELS/LONDON (Reuters) – Should Britain vote to leave the European Union it would be relegated to the sidelines over important carbon market reforms vital to safeguarding EU environmental targets over the next decade and beyond.
The Conservative Party’s victory in general elections this month means Britons will be asked to vote on whether to leave the club of 28 EU nations possibly as early as next year.
INCULKALNS, Latvia, May 15 (Reuters) – Buried under heavy
clay deep in the Latvian birch forests, sit the giant Soviet era
gas reservoirs whose fate draws together the main players in the
tense energy power game of the Baltics.
A share in the site is for sale, which will dent Russia’s
influence. The asking price from the German stake-seller
deterred Latvia itself from stepping in, leaving a European
Commission-linked fund as the only bidder, government sources
BRUSSELS (Reuters) – European Union diplomats have approved a proposal to begin reforms of the bloc’s carbon market in 2019, Latvia, the holder of the EU Presidency, said on Wednesday.
The proposal to start operating a so-called Market Stability Reserve (MSR) under the Emissions Trading System (ETS) from Jan. 1, 2019, was adopted at a closed-door meeting of diplomats representing the 28 nations of the EU.
BRUSSELS (Reuters) – EU regulators will not accelerate a decision on whether to restrict use of the world’s most widely used weed killer, even though it has been linked to cancer by the World Health Organization (WHO), officials said on Tuesday.
The International Agency for Research on Cancer (IARC), part of the WHO, said in March that glyphosate was “probably carcinogenic to humans”.
LONDON/BRUSSELS (Reuters) – Europe’s poorest nations, including heavily indebted Greece, emerge the main winners from a deal to reform the world’s biggest carbon market that will raise billions for EU governments, data from Thomson Reuters Point Carbon shows.
The European Union on Tuesday reached a preliminary accord to launch on Jan. 1, 2019, a Market Stability Reserve (MSR) to remove some of the hundreds of millions of carbon allowances that have depressed the EU Emissions Trading System.
BRUSSELS, May 6 (Reuters) – European carmakers are lobbying
for a three year delay to new rules that would reduce the
fuel-saving claims they can make for their vehicles, according
to an industry paper seen by Reuters.
The European Commission wants to tighten vehicle testing to
close loopholes such as driving on an unrealistically smooth
surface and taping up car doors and windows.
BRUSSELS, April 30 (Reuters) – European Union talks next
week could clinch a deal to shake up the world’s biggest carbon
market after a change of position by the Czech Republic removed
a major obstacle to an early start for reforms.
The EU Emissions Trading System (ETS) is meant to be central
to efforts to cut carbon emissions, but a huge surplus of carbon
allowances caused by recession means they are not worth enough
to drive a switch from highly-polluting coal to greener fuels.
BRUSSELS/LONDON, April 29 (Reuters) – European Union member
states reached a provisional agreement that carbon market
reforms should begin on Jan. 1, 2019, at closed-door talks on
Wednesday, paving the way for a further round of negotiations
next month, diplomats said.
Member states have been arguing for weeks over when a reform
referred to as the Market Stability Reserve (MSR) should be
introduced to remove some of the surplus allowances that have
depressed permit prices on the EU Emissions Trading System
BRUSSELS (Reuters) – European Union regulators opened an extensive investigation on Wednesday into the way 11 European governments subsidise utilities to ensure against blackouts, concerned that such support schemes may breach state aid rules.
Capacity mechanisms are used in some EU countries such as Britain and France to fund electricity generation that may not be cost-effective but is needed to guarantee supply during peak demand.
BRUSSELS, April 28 (Reuters) – European lawmakers on Tuesday
backed reforms meant to end decades of overfishing, but critics
said unscrupulous fishermen would be able to carry on throwing
away perfectly good fish because of a glaring loophole.
The European Union in 2013 agreed to reform the bloc’s
common fisheries policy in an attempt to rebuild fish stocks.