The BREXIT agreement was finalised on Christmas eve and it passed the UK Parliament on New Year’s Eve. The agreement foresees the EU and UK co-operating on carbon pricing with "serious" consideration on linking carbon pricing systems in a way that "preserves the integrity of these systems and provides for the possibility to increase their … Continue reading BREXIT agreement requires UK to have an “effective” system of carbon pricing as of 1 January 2021 GHG emissions from power & heat generation, industry and aviation
Greenhouse gas emissions from stationary installations covered by the European Union’s Emissions Trading System (ETS) dropped by 9.1% in 2019 from 2018 levels, the largest drop in a decade, according to the latest European Environment Agency (EEA) briefing on trends and projections in the EU ETS released this week. Climate action in Europe: EU … Continue reading New EEA briefing on the European Union’s Emissions Trading System
We must reduce GHG emissions to net zero by 2050 to have a reasonable chance of limiting global warming to 1.5C. Human activities - mainly the burning of fossil fuels - are currently emitting far too much CO2 every year. One approach to reducing CO2 emissions is emissions trading – it is carrot-and-stick: emitters of … Continue reading Understanding the EU Emissions Trading System (ETS)
Andrew Warren, chairman of the British Energy Efficiency Federation and a regular contributor to EiD, questions what will happen to Britain’s participation in the world’s largest cap-and-trade system for carbon emissions now that it is working out its future relationship with the European Union. This article was first published in the November/December 2017 issue of … Continue reading With Britain leaving the European Union, will it remain in the emissions trading system?
There are concerns in the UK that Tata Steel could close its operations, leading to severe job cuts and economic disruption. Looking at the company from another angle, Arthur Neslen writes in The Guardian about how the company has benefited from more than £700m in free carbon allowances and offsets, according to analysis of emissions … Continue reading More evidence of problems with EU Emissions Trading System
Andrea Bunting writes a thorough overview on the greenleft website on the situation in Australia to balance climate policies with its priorities to be a major energy and commodity producer. It will be interesting to see Australia’s position at the global climate summit in Paris later this year. What’s wrong with emissions trading Australia’s climate … Continue reading Explaining climate policies in Australia
One of the pillars of the EU’s climate change strategy has been its Emissions Trading System yet, even after 10 years, it has not lived up to its expectations. Andrew Warren writes an excellent article in the January issue of Energy in Buildings & Industry magazine, taking us back to the ETS’ beginnings and to … Continue reading EU emissions trading faces a controversial future
Arthur Neslen writes in The Guardian about Denmark’s attempt to funnel car emissions into the emissions trading system. Are there comments from any of EiD’s readers? Denmark's plan to offset transport emissions sparks EU row A Danish bid to expand carbon offsetting to the transport sector has triggered uproar among NGOs and academics, with … Continue reading Is Denmark bending the rules on the EU Emissions Trading System?
There is some valuable reading in store for you as you explore various aspects of sustainable energy. • Why energy efficiency needs to have priority as part of the Energiewende E3G, based in the UK, has come out with an important briefing paper on the energy transition (Energiewende) in Germany. E3G analysis shows that regardless … Continue reading New reports to watch out for
Nathaniel Keohane and Gernot Wagner provide an excellent analysis in the Financial Times of the Emissions Trading System (ETS). The writers are vice-president for international climate and senior economist at the Environmental Defense Fund based in the US. Judge a carbon market by its cap, not its prices The goal of the union’s ETS is … Continue reading EU Emissions Trading System under the microscope