BRUSSELS, Jan 26 (Reuters) – The European Union looks set to
overhaul the way renewable energy projects and power grids are
financed, launching a new type of infrastructure bond and
converging the EU’s tangle of overlapping subsidies.
European leaders will meet in Brussels for a Feb. 4 summit
to reconcile an EU goal of getting 20 percent energy from
renewable sources by 2020 with a debt crisis that has driven
several EU countries to the brink of insolvency.
LONDON/BRUSSELS (Reuters) – The European Commission will ban the most common type of carbon offsets, mostly from China and India, for use in its emissions trading scheme from the start of May 2013, it said on Friday.
The ban would block factories and power plants in the EU’s Emissions Trading Scheme (EU ETS) from meeting emissions targets by paying for cuts in greenhouse gases from big industrial projects in China and India.
BRUSSELS/LONDON (Reuters) – The EU will reopen its 72 billion euros emissions trading scheme step by step, as each registry proves its security, a senior official said after the bloc froze spot trade due to possibly concerted permit thefts by hackers.
The European Union on Wednesday imposed the week-long freeze in its carbon market, its chief weapon for fighting climate change, after the emissions permits called EU Allowances (EUAs) were stolen from accounts in the Czech Republic and Austria.
LONDON/BRUSSELS, Jan 19 (Reuters) – The European Union
locked all accounts in its carbon market Wednesday, after a
security breach, seeking to protect the battered reputation of
the EU’s main weapon against climate change.
The United States, Japan and Australia have all delayed
implementing similar cap and trade schemes, and the latest
glitch to the EU scheme could detract further from carbon
trading as a global policy.
LONDON/BRUSSELS (Reuters) – The European Commission on Wednesday halted its emissions trading scheme (ETS), its chief weapon against climate change, after allegations that permits worth millions of euros had been stolen.
The Commission said the suspension of most transactions would last until at least January 26 and only the allocation and surrender of carbon allowances would be allowed.
BRUSSELS (Reuters) – The economic crisis has eroded the ambitions of the European Union’s first energy summit next month to discuss a 1 trillion euro ($1.3 trillion) strategy for green power and high-tech power grids, a draft document shows.
Energy Commissioner Guenther Oettinger proposed the plan last November, aiming to bring Europe’s climate ambition into the mainstream of infrastructure planning and to protect the bloc from over-reliance on costly fossil-fuel imports.
BRUSSELS (Reuters) – The European Union’s executive has agreed to delay new laws forcing industry to take costly steps to tackle air pollutants that are blamed for respiratory problems and premature deaths in cities.
Most soot particles or airborne acid pollution comes from diesel cars, ships and power stations.
BRUSSELS, Jan 18 (Reuters) – European space programme
Galileo is over budget and needs a further 1.9 billion euros
($2.5 billion) to make the satellite navigation system
operational, the European Commission said on Tuesday.
The news comes a day after the boss of one of the companies
involved in the project was fired over allegations he called it
a waste of money and predicted an even bigger final bill.
BRUSSELS, Jan 13 (Reuters) – The European Union signed a
major political deal on Thursday to import Azeri natural gas and
help curb Europe’s reliance on Russia, its traditional main
“This agreement confirms Europe’s direct access to gas from
the Caspian basin,” European Commission President Jose Manuel
Barroso said in a statement after signing the deal with Azeri
President Ilham Aliyev during a visit to Azerbaijan.
BUDAPEST/BRUSSELS (Reuters) – Hungary’s EU presidency, already clouded by a press freedom row, stumbled further on its first working day when the European Commission said it was investigating the legality of “crisis taxes” imposed by the centre-right government.
The Commission said on Monday it was looking into the special taxes on the telecoms, retail and energy sectors, as well as complaints by a number of affected foreign companies.