UK Government proposes new Emissions Trading System to replace EU system
The UK Government has proposed a new Emissions Trading System (ETS) to replace the EU system for trading carbon emissions and help accelerate progress on tackling climate change. Policymakers suggest...
View ArticleEU emissions fall to lowest level in three decades as countries ditch coal
The EU saw greenhouse gas emissions fall to the lowest level in three decades in 2019. That’s according to latest statistics from the European Commission, which reveals emissions decreased by 3.7%...
View ArticleMEPs call for carbon price on certain EU imports from less climate-ambitious...
Members of the European Parliament (MEPs) are calling for the implementation of a carbon price on certain imports from less climate-ambitious countries to raise global ambition on climate change....
View ArticleBritain’s Emissions Trading System starts with a boom
The UK has launched its first Emissions Trading System (UK ETS) in a bid to curb emissions and reach its net zero target by 2050. The ETS scheme is a method of charging power plants for each tonne of...
View ArticleWorld Bank: Carbon pricing covers more than a fifth of global greenhouse gases
Carbon prices now apply to more than 20% of greenhouse gas emissions, with a total of 64 carbon pricing instruments now in operation around the world. That’s according to latest statistics from the...
View ArticleGovernment seeks views on compensation price support for energy intensive...
The government has launched a review of the schemes that compensate energy intensive industries for indirect emission costs in electricity prices in the UK. The Department for Business, Energy and...
View ArticleClimate transition: EU grants €1.1bn funded by revenues from Emissions...
The European Commission has signed agreements for €1.1 billion (£0.9bn) of grants for seven large-scale projects that support the EU’s climate transition. The projects, which are deploying innovative...
View ArticleEU Commission offers €3bn for innovative cleantech projects
The European Commission is offering €3 billion (£2.6bn) for innovative, large-scale cleantech projects to support efforts to end the EU’s dependence on Russian fossil fuels. It has launched the third...
View ArticleEU approves €6.5bn German scheme to address carbon leakage risks
The European Commission has approved a €6.5 billion (£5.6bn) German scheme to address carbon leakage risks for energy-intensive companies as a result of the national emissions trading system (ETS). The...
View Article‘UK manufacturers given millions in unused carbon credits for idled plants’
Three major UK manufacturers have allegedly been granted substantial quantities of unused carbon emission allowances for factories that were either idled or reducing production. According to the...
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