Climate Impact of Exemptions to EU’s Shipping Carbon Pricing
Loopholes in the European Commissions carbon price proposal lets millions of CO2 emissions off the hook
ETS
European Coal Emissions Plunge 11% In 2016
European emissions from coal fell by an impressive 11% in 2016, according to analysis of new figures published by the European Commission this week.
European Union Launches Latest “Energy Union” Strategy
The European Commission has released a new set of proposals set to pave the way for the region’s “Energy Union.” The European Commission revealed a series of proposals on Wednesday that it hopes will “deliver a new deal for energy consumers … launch a redesign of the European electricity market … [continued]
Will EU Emission Trading Remain A Major Source Of Low-Carbon Finance?
Originally published on EnergyPost. By Emil Dimantchev Last year for the first time many of the CO2 allowances in the EU Emission Trading Scheme (ETS) were auctioned rather than handed out for free. Surprisingly perhaps, the EU member states used much more of the ETS revenues for low-carbon development than … [continued]
US Senate Passes Bill to Evade EU Airline Emissions Law
Republican Senator John Thune has sponsored a bill intended to protect the United States from paying the European Union’s tax on flights to that region. The bill was passed unanimously and it blocks US airlines from paying the European Union for their aviation carbon emissions. Nearly all airlines have … [continued]
Nobel Economists Urge Obama to Support EU Aviation Carbon Scheme
There are five Nobel-prize-winning economists among the 26 US economists calling on President Obama, in an open letter, to drop opposition and support the European Union’s legislation that will charge airlines for their carbon emissions. “We implore you to support the European Union’s innovative efforts to place a price … [continued]
China, Beneficiary of EU’s Cap & Trade, Now Shirks its Responsibilities
As of of January 1st, 2012, China’s renewable energy projects will no longer be eligible for funding from the EU cap and trade market, through the Clean Development Mechanism (CDM) that allows polluters in the EU to offset carbon emissions at home by building clean energy abroad.
So in December China rushed through 139 CDM-eligible projects in a last-ditch effort to gain the last of the funding for clean energy development before the cut-off date.
Under the European Trading System (ETS) cap and trade system, polluting plants have to pay for every ton of greenhouse gases they send into the air, and have to reduce the amount every year. If they can’t reduce their emissions enough, they have to buy credits instead, with the funds going to develop clean energy in developing nations.
EU Will Tighten Cap to Fix Carbon Price Collapse
The EU now has ten times the solar power of the US, twice the wind, and it dominates the global offshore wind industry. As a result, and as a mark of the ease in meeting its Kyoto goal and already lowering its carbon emissions 8% below 1990 levels for its first deadline, the price on carbon has plummeted.
Cap and Trade Dead?? Carbon Under 8 Euros!!
The financial papers this week are reeling, simply reeling, at the plummet in the EU carbon markets. The idea is that the European Trading Scheme is a failure, because the price of carbon in the European cap and trade market has bottomed at a very low price: just 7.68 euros. … [continued]
Cap and Trade Works. EU Replaces Coal Power with Wind Energy
Like every clean energy blog, CleanTechnica hears all the time from the paid trolls from the fossil industry, that Europe is not succeeding in transferring to clean energy, or cutting its carbon emissions (which is done by transferring to clean energy). Cap and trade won’t work, they instruct us – … [continued]
