Deputy Energy Editor, EMEA
Barbara's Feed
Jun 8, 2015

Disunity simmers as EU nations pursue single energy market

LUXEMBOURG (Reuters) – European Union energy chiefs on Monday sought to galvanize efforts to create a single European energy market with a set of accords on closer power and gas ties while disunity simmers over the finer detail of implementing goals for a new decade of greener fuel.

The European Commission, the EU executive, has used the political crisis with the bloc’s biggest energy supplier, Russia, to focus on completing an energy union based on rationalized connections across the 28-member bloc to share fuel and curb the need for imports.

Jun 4, 2015

Exclusive: EU set to offer polluters 10 years of free carbon credits – document

BRUSSELS/LONDON (Reuters) – The European Union may have to offer its heaviest polluting industries another ten years of free carbon credits to prevent them from leaving the region to do business elsewhere, EU regulators have suggested in a report seen by Reuters.

Ten years ago the EU launched a plan to tackle climate change by asking heavy industry and utilities to pay for every ton of carbon dioxide they produced. After fierce lobbying, it conceded that the heaviest polluters could have free permits.

Jun 4, 2015

EU set to offer polluters another 10 years of free carbon credits – document

BRUSSELS/LONDON, June 4 (Reuters) – The European Union may
have to offer its heaviest polluting industries another ten
years of free carbon credits to prevent them from leaving the
region to do business elsewhere, EU regulators have suggested in
a report seen by Reuters.

Ten years ago the EU launched a plan to tackle climate
change by asking heavy industry and utilities to pay for every
tonne of carbon dioxide they produced. After fierce lobbying, it
conceded that the heaviest polluters could have free permits.

Jun 4, 2015

Exclusive: EU regulators find some industries may need another 10 years of free carbon credits

BRUSSELS/LONDON (Reuters) – Some of Europe’s most heavily polluting industries could need to retain access to free carbon allowances covering all their emissions for the decade to 2030 if the EU is to avoid pricing companies out of the bloc, a regulators’ assessment has found.

The EU wants to tighten up the issuance of free permits to industry to emit carbon dioxide as part of efforts to curb the release of the gas blamed for climate change. But the assessment seen by Reuters says some companies may still need to be allowed free credits covering all their emissions.

Jun 4, 2015

EU regulators find some industries may need another 10 years of free carbon credits

BRUSSELS/LONDON, June 4 (Reuters) – Some of Europe’s most
heavily polluting industries could need to retain access to free
carbon allowances covering all their emissions for the decade to
2030 if the EU is to avoid pricing companies out of the bloc, a
regulators’ assessment has found.

The EU wants to tighten up the issuance of free permits to
industry to emit carbon dioxide as part of efforts to curb the
release of the gas blamed for climate change. But the assessment
seen by Reuters says some companies may still need to be allowed
free credits covering all their emissions.

May 28, 2015

World Bank sets date, start price for $25 million U.N. CO2 credit auction

BARCELONA (Reuters) – The World Bank will on July 15 hold a first of its kind auction worth $25 million for U.N.-backed carbon credits from projects designed to cut methane emissions, the bank said on Thursday.

The Pilot Auction Facility will offer tradable put options, giving project owners the right to sell credits to the bank’s Methane and Climate Change Fund at a set price.

May 28, 2015

Green investment bonds growing but rules needed to boost appeal

BARCELONA (Reuters) – Engie, the utility formerly known as GDF Suez, this month launched the biggest green bond to date and found it was three times over-subscribed, in what analysts say is a mere baby step towards the maturing of green investment.

A growing number of investors and energy firms say fixed-income bonds are a user-friendly way to raise the huge amounts of capital needed for a transition to lower carbon energy.

May 27, 2015

Carbon tax or trade? Debate loses steam as world embraces both

BARCELONA, May 27 (Reuters) – Tax versus trade is an issue
that has stalked the EU Emissions Trading System (ETS) over its
10 years of existence, but is fading in importance as the world
moves towards increased use of both methods of cutting
greenhouse gas pollution.

The European Union set up the ETS in 2005 as a way of
getting round policy-making rules that require the unanimity of
member states to decide on a tax.

May 27, 2015

Deal to phase out rich-world coal export subsidies elusive

BARCELONA, May 27 (Reuters) – The world’s richest nations
are unlikely to reach a deal to phase out subsidies for coal
exports at talks in June, reducing the chances of a new global
climate change agreement at a U.N. conference in Paris,
officials and campaigners say.

The export credits help developed nations supply coal-fired
generation and mining technology to poor nations, a practice
critics say harms attempts to lower greenhouse gas emissions.

May 22, 2015

Norway overtakes Russia as western Europe’s top gas supplier

BRUSSELS/OSLO, May 22 (Reuters) – Norway has overtaken
Russia as western Europe’s top gas supplier, data from state
firms shows, indicating the European Union’s drive to reduce its
dependence on Russian energy is bearing fruit.

The sharp drop in oil prices has been another factor, as
Norway offers more flexible pricing and big buyers held off
buying from Russia in the hope the fall in crude price levels
would eventually filter through to Russian gas.