BRUSSELS (Reuters) – European Union leaders want to enshrine in international law a goal to cut global emissions by 60 percent by 2050, according to a draft document that puts the bloc on a collision course with the biggest polluters.
The EU is keen to inject urgency into the climate change debate ahead of an international conference in Paris at the end of this year to seek a successor to the Kyoto Protocol on curbing greenhouse gas emissions.
BRUSSELS/LONDON (Reuters) – Prospects for early reforms to prop up the EU’s Emissions Trading System (ETS), the world’s biggest carbon market, hang in the balance ahead of a closely watched vote on Tuesday with members of the European Parliament divided over how soon to act.
Parliamentary sources said negotiations between rival political groups are likely to continue up to the vote at around 1400 GMT, which still needs to be followed by a plenary vote and to get the backing of member states.
BRUSSELS, Feb 20 (Reuters) – The European Union will
consider “reframing” energy relations with Russia based on
market conditions when the time is right and for now will focus
on its strategic gas partnership with Ukraine, a draft document
The European Commission, the EU executive, has set as a
priority creating a single energy market, based on cross-border
connections to improve security of supply and reduce dependence
on Russia, which provides roughly one third of EU energy.
BRUSSELS (Reuters) – EU nations are on track to meet a target to get one fifth of their energy from renewable sources by 2020, even though Britain, the Netherlands and Luxembourg are lagging behind, the European Environment Agency (EEA) said on Tuesday.
The EEA, which provides analysis to EU policymakers, said energy from sources such as wind and solar had become much cheaper. As a result, alternatives had displaced coal and gas, cut carbon emissions and improved energy security.
BRUSSELS, Feb 16 (Reuters) – European Union climate and
energy bosses launched two projects on Monday designed to
unleash more than a billion euros ($1.1 billion) of spending on
measures to save energy and adapt to climate change.
The pilot projects will help to prove that a much bigger
Commission scheme to turn 21 billion euros of EU and European
Investment Bank funds (EIB) into at least 315 billion euros of
public and private sector investment can work, the Commission
BRUSSELS Feb 13 (Reuters) – EU politicians are expected to
agree on a compromise 2018 start date for reforms to the
Emissions Trading System (ETS) to try to bridge divisions over
efforts to prop up the world’s biggest carbon market, sources
said on Friday.
In an attempt to boost carbon prices and spur industry to
switch to greener energy, the European Commission has proposed a
plan to remove hundreds of millions of surplus carbon allowances
(EUAs) from the trading system from 2021.
BRUSSELS/ESSEN/MOSCOW (Reuters) – Russia’s plan to cut out Ukraine as a gas transit route is unrealistic because the EU will seek non-Russian gas rather than build the links it would need to Moscow’s proposed new pipeline to Turkey, industry sources and analysts say.
Last year, as violence flared in eastern Ukraine and Moscow faced new sanctions, President Vladimir Putin announced that Russia had axed the South Stream gas pipeline across the Black Sea to Bulgaria, designed to bypass Ukraine and ship gas straight to the European Union.
BRUSSELS, Feb 12 (Reuters) – European Union governments
agreed on Thursday to put the National Iranian Tanker Company
(NITC), Iran’s biggest tanker firm, back on a list of sanctioned
The EU’s second-highest court ruled last July there were no
grounds to blacklist the NITC after it contested the
designation, but the EU moved to re-impose sanctions on tighter
BRUSSELS, Feb 12 (Reuters) – European Union leaders are set
to call on Thursday for stricter checks on travellers entering
the passport-free Schengen area and increased
information-sharing as part of a revamped counter-terrorism
strategy following the Paris attacks.
Spain had suggested that the agreement governing the
26-nation Schengen zone might have to be amended to permit more
border checks on people suspected of terrorist links after 17
people were killed in a wave of violence in France last month
that began with an attack on satirical newspaper Charlie Hebdo.
BRUSSELS, Feb 10 (Reuters) – One goal for U.N. climate talks
is to stop industry fleeing Europe to escape regulatory costs, a
Dow Chemical director said on Wednesday, adding there
was no need to intervene in the EU carbon market to drive up
The European Union has sought to lead efforts to curb
greenhouse gas emissions with its Emissions Trading System
(ETS), the world’s biggest carbon market. But it is currently
negotiating reforms, with some countries saying emissions
permits are too cheap to spur a shift to a low-carbon economy.