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If Buildings Renovation fails, the EU ETS pricing mechanism must change

March 3, 2022 by Sebastian Osorio, Michael Pahle and Oliver Ruhnau

If the EU “Renovation Wave” for buildings fails, the massive ramp up of clean electrification required to compensate will come into direct conflict with EU ETS pricing formulas, say Sebastian Osorio and Michael Pahle at the Potsdam Institute for Climate Impact Research and Oliver Ruhnau at the Hertie School in Berlin. If the cap in the original ETS is too tight relative to the Effort Sharing Regulation (ESR) targets, its carbon prices may rise … [Read more...]

Filed Under: Buildings, Energy Tagged With: boilers, BRTETS, buildings, CarbonPricing, decentralised, district, electrification, ESR, EUETS, heating, renovation

Land Use and Forestry: existing LULUCF rules allow EU’s carbon sink to decrease. Change them

June 28, 2021 by Ulriikka Aarnio

The EU’s current Regulations for Land Use, Land Use Change and Forestry (LULUCF) allow the region’s carbon sink to decrease, explains Ulriikka Aarnio at CAN Europe. It’s due to exclusions and a lack of transparency and proper accounting for emissions. As a result, the EU’s carbon sink has already decreased significantly in the last few years, extracting only 265 Mt of CO2 in 2019. Different activities both emit and absorb carbon. 2019 saw 135 Mt … [Read more...]

Filed Under: Energy, Environment Tagged With: agriculture, biodiversity, bioenergy, circulareconomy;, EC, ESR, ETS, EU, forestry, LULUCF, regulations

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Recent Posts

Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR

Make Hydrogen in developing nations: share prosperity while meeting our climate goals

Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050?

Biofuel is approaching a feedstock crunch. How bad? And what must be done?

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