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EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors

January 16, 2023 by Simon Göss

The EU’s Emissions Trading Scheme is a vital part of the region’s decarbonisation plans. Simon Göss at carboneer digs into the new rules coming in for the existing EU ETS, and the implementation of the new carbon border adjustment mechanism (CBAM). Right now, the existing EU ETS covers around 40% of the EU’s emissions (energy sector, industrial installations and aviation). Its scope is being extended to include maritime transport. On top of that, … [Read more...]

Filed Under: Energy, Industry, Policies Tagged With: aluminium, aviation, CBAM, cement, chemicals, electricity, emissions, Energy, ETS, EU, EUA, EUETS, fertilisers, hydrogen, industry, iron, maritime, polymers, steel, transport

Project Air: building a first-of-a-kind, large-scale sustainable methanol plant for the chemicals industry

July 5, 2022 by Project Air

Project Air is creating a first-of-a-kind, large-scale sustainable methanol plant. It uses CCU for converting CO2, residue streams, green hydrogen and biomethane into methanol. It’s a collaboration between specialty chemicals innovator Perstorp (Sweden) and energy firms Fortum (Finland) and Uniper (Germany). Perstorp aims to be the first chemical producer to replace all fossil-based methanol for its European production facilities (200,000 tons … [Read more...]

Filed Under: Energy, Industry Tagged With: biomethane, CarbonPrice, CBAM, CCU, chemicals, ETS, EU, FitFor55, Fortum, hydrogen, innovation, methanol, Perstorp, REDIII, REPowerEU, Uniper

Russia-Ukraine crisis: reforming the EU ETS is a matter of energy security, says PGE

March 15, 2022 by Wojciech DÄ…browski

European leaders are now rushing to make decisions on how to drastically cut dependence on Russian fossil energy imports. Russia’s invasion of Ukraine has exposed Europe’s energy security vulnerabilities like nothing else could have. It also means Europe’s clean energy transition will need an overhaul, and a newly designed optimal pathway created, and fast. Wojciech DÄ…browski, President at PGE Polska Grupa Energetyczna, explains that it must also … [Read more...]

Filed Under: Energy, Policies Tagged With: coal, EC, EnergySecurity, ETS, EU, EUETS, Europe, gas, Nuclear, PGE, Poland, renewables, Russia, Ukraine

Don’t let high gas prices stop the EU ETS from doing its real job

October 7, 2021 by Milan Elkerbout

The EU ETS carbon price reached a high of over €60 per tonne in September. Some are arguing that its role in the current gas price crisis is a reason why it should be reined in. But Milan Elkerbout at CEPS Policy Insights explains that the EUA (European Union Allowance) has multiple purposes. It is an incentive to invest in low-carbon solutions such as renewables, efficiencies and new methods. The sooner we pass the cost hurdle of integrating … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Policies Tagged With: ETS, EU, EUA, EUETS, FitFor55, gas, GreenDeal, JustTransition, prices

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

China’s energy system: record renewables expansion, but coal still dominates

June 21, 2021 by Lara Dombrowski and Simon Göss

Lara Dombrowski and Simon Göss at Energy Brainpool give the latest headline figures for China’s energy system. In 2020 electricity generation in China went up by 298 TWh – an increase equal to 60% of Germany’s total. That year, renewables capacity increased more than ever before. That made China responsible for nearly 50% of global renewable capacity additions. But China has higher CO2 emissions than all the OECD countries combined. And continued … [Read more...]

Filed Under: Energy Tagged With: China, coal, electricity, ETS, EVs, hydro, Nuclear, power, solar, wind

Changes to national targets and forestry mean EC’s 55% plan is weaker than it looks

October 6, 2020 by William Todts

The EC’s plan to reduce the bloc’s emissions by 55% by 2030 compared to 1990 levels, instead of the previously agreed 40%, is very welcome but its implementation plan is flawed, says William Todts at Transport & Environment. The EU Emissions Trading System (EU ETS) won’t be enough on its own. So the plan allows nations to include “managing” forests and “tree plantations”, a big change because forests were not part of previous emissions … [Read more...]

Filed Under: Energy, Policies Tagged With: buildings, CarbonPrice, cars, EC, emissions, ETS, forests, transport

Europe’s 55% emissions cut by 2030: proposed target means even faster coal exit

October 5, 2020 by Sören Amelang, Kerstine Appunn and Julian Wettengel

The EC is proposing a target emissions reduction of 55% by 2030 compared to 1990 levels, instead of the previously agreed 40% (which the EU is on course to surpass). The main tool for achieving it will be the EU Emissions Trading System (ETS). Prices for allowances will rise, making coal increasingly uncompetitive. Sören Amelang, Kerstine Appunn and Julian Wettengel at CLEW talked to a number of experts who say the new target implies a near total … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Policies Tagged With: Bulgaria, coal, CoalExit, CzechRepublic, EC, emissions, ETS, gas, Germany, oil, Poland, renewables, Romania

California learns even flexible Emissions Markets won’t guarantee price stability

July 20, 2020 by Severin Borenstein

In May, emissions allowance prices hit rock bottom in California. How can cap-and-trade work properly when prices are so volatile and difficult to predict? It makes life very difficult for businesses and investors, not to mention the state. Changes to the rules are being proposed to introduce more flexibility into the effective price floors, ceilings and the availability of allowances. But Severin Borenstein at the Energy Institute at Haas … [Read more...]

Filed Under: Energy, Markets, Policies Tagged With: allowances, California, CapAndTrade, CarbonPrices, emissions, ETS, prices, taxes

EU ETS: The Market Stability Reserve should focus on carbon prices, not allowance volumes

June 16, 2020 by Michael Pahle and Simon Quemin

The Market Stability Reserve (MSR) aims at providing carbon price stability for the EU Emissions Trading Scheme (EU ETS). But serious questions are being asked about how much stability – if any – it provides, say Michael Pahle at the Potsdam Institute for Climate Impact Research and Simon Quemin at the LSE's Grantham Research Institute. They argue that the MSR rules are too complex, have difficulty accommodating changing EU and national policies, … [Read more...]

Filed Under: Energy, Markets, Policies Tagged With: carbon, CarbonPrice, emissions, ETS, EU, EUETS, markets, MSR, policies, prices

Re-shaping the EU ETS as a safety net, not a driver

May 15, 2020 by Charlotte Vailles and Nicolas Berghmans

The EU ETS (Emissions Trading System) has struggled to cope with the current economic crisis which has caused a drop in the European carbon price, while the expected drastic drop in 2020 emissions will only add to the existing surplus of allowances. This highlights how necessary it is to reform the mechanism for managing this surplus or even to implement a carbon floor price, explain Charlotte Vailles at I4CE and Nicolas Berghmans at IDDRI. They … [Read more...]

Filed Under: Energy, Markets, Policies Tagged With: buildings, California, CarbonPrice, emissions, ETS, EU, EUETS, industry, MSR, transport

Why a Carbon Border Tax? Because existing tariffs favour dirty over clean imports

May 11, 2020 by Joseph Shapiro

Carbon border adjustments are carbon taxes imposed on carbon intensive imports that have not been carbon-taxed at source. It’s a good way to penalise “dirty” goods and remove any competitive advantage the exporter gains from not paying for its pollution. Regions across the world are trying to figure out the best way – how, when, if at all - to roll them out. But Joseph Shapiro, writing for the Energy Institute at Haas, points out that the … [Read more...]

Filed Under: Energy, Policies Tagged With: carbontax, emissions, ETS, EU, Germany, Sweden, US

EU needs clear European Green and Solidarity Pact by September

April 24, 2020 by Marc-Antoine Eyl-Mazzega

Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape. The possible solutions must keep pace with them. Here, Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate lays out those challenges and robust policy answers that can keep us on a net-zero emissions track while stimulating economies, creating jobs, and maintaining social justice. It’s no surprise that there is … [Read more...]

Filed Under: Energy, Investment, Policies Tagged With: coronabonds, Coronavirus, ETS, EU, Europe, Germany, GreenDeal, Italy, JustTransition, oil, solar, SolidarityPact, spain, stimulus

How do we accelerate EU decarbonisation now?

April 2, 2020 by Andrei Marcu

The economic stimulus needed to overcome the current pandemic requires significant resources. But it comes at a time when we need to accelerate the energy transition, which is currently part of the European Green Deal and will also require an increase in resources. Andrei Marcu at ERCST examines how the transition will be funded, what are the sources of funding and how they relate to and will be impacted by the current health situation. A range … [Read more...]

Filed Under: Energy, Investment, Policies Tagged With: electricity, ETS, EU, funding, GreenDeal, JustTransition

The coalition for an EU-ETS carbon price floor is reaching critical mass

December 4, 2019 by Michael Pahle and Oliver Tietjen

The EU Emission Trading Scheme (EU-ETS) is bound to play a major role for ratcheting up climate policies in both the EU and its member states. After a prolonged period of low prices that questioned the ETS’s viability, the recent price run upwards in the wake of a major reform has sparked confidence that from now on “everything goes in the right direction”. But this confidence is misguided and ignores major risks for the scheme, argue Michael … [Read more...]

Filed Under: Energy, EU Policy, Policies Tagged With: California, China, coal, emissions, ETS, EU, EU Emission Trading Scheme; Carbon Price Floor; EU 2030 climate targets, Germany

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      Recent Posts

      Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks

      The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)

      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

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