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.
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.
LONDON, June 4 (Reuters) – Growth in natural gas demand will
slow to an average 2 percent a year globally over the next five
years, largely due to weaker than expected Asian markets, the
International Energy Agency (IEA) said on Thursday.
Gas demand growth will decelerate from the average 2.3
percent recorded over the past 10 years, to reach 3,926 billion
cubic metres by 2020, the agency said in its annual medium-term
gas outlook report.
LONDON/BONN, June 2 (Reuters) – A global carbon emissions
pricing system pushed by top energy companies is unlikely to be
a big part of any United Nations’ deal to curb global warming,
some experts say, because many countries have little faith in
such cross-border initiatives.
“All countries are relatively sceptical on international
market mechanisms,” said Niklas Hoehne, founding partner of
research group NewClimate Institute. “They are open to have
national trading mechanisms or national pricing, but to have
these mechanisms internationally, there is a lot of reluctance.”
LONDON (Reuters) – A plan for a new global research program aimed at driving down the costs of renewable energy more quickly has drawn serious interest from the world’s leading economies, its proponents say.
The Global Apollo Programme would be an internationally coordinated scheme of research and development focusing on electricity storage technology, smart grids and renewables, according to a report prepared by scientists, economists, former chief executives and academics.
LONDON (Reuters) – Participants in the European Union’s carbon market expect average prices to rise for the first time in four years, an annual survey published by the International Emissions Trading Association (IETA) showed on Tuesday.
The survey conducted by PwC drew on responses from 122 IETA members including utilities, trading houses and banks.
LONDON, May 7 (Reuters) – Alternative asset manager Aquila
Capital launched a European hydropower fund on Thursday, calling
it the first such fund for institutional investors.
The Aquila Capital European Hydropower Fund has initally
invested in 33 small plants with an average production capacity
of 210 gigawatt hours per year and an minimum investment size of
10 million euros.
LONDON, April 29 (Reuters) – The British government must
submit new plans to the European Commission by Dec. 31 to tackle
the harmful air pollutant nitrogen dioxide, the UK Supreme Court
ruled on Wednesday.
The court said last year the government had breached an EU
directive which puts a limit on certain air pollutants.
FRANKFURT/LONDON (Reuters) – The rise of renewable energy is delivering a boost to Europe’s declining power market as traders get busy in short term deals to juggle unpredictable supplies of wind and solar.
Exchanges show more trade as suppliers buy and sell power closer to when demand will appear, to meet their delivery obligations, because electricity cannot be stored effectively. New players are also attracted by lower capital requirements and risks.
LONDON, April 13 (Reuters) – Earlier and longer than usual
summer maintenance on Norwegian gas infrastructure could tighten
Britain’s gas supply this quarter and reduce exports to
The summer gas season, which runs from April to October, is
typically a period of lower demand due to warmer temperatures so
many gas infrastructure operators carry out maintenance.