The price of carbon in Europe has doubled this year, and some believe it could double again. Europe’s emitters face a new paradigm of structurally higher EU allowance prices.
Emissions from sectors covered by Europe’s carbon market plunged in 2020. The resulting allowance surplus must be addressed by policymakers, says think tank Sandbag.
Road transport and buildings have been spared from EU ETS obligations until now, but an upcoming revision may change that, and climate campaigners are concerned.
The burden of emissions reductions imposed by the EU carbon market has fallen mostly on the power sector, but, as emissions targets deepen, this will have to change. Are Europe’s industrial emitters ready?
With some of the worst death rates from the Covid-19 pandemic, high unemployement and public debt, many Latin American countries are struggling to marry climate action and the need to stop their economies from falling apart.
The introduction of a carbon tax in South Africa has revived interest in its lethargic offset market. This could be good news for emissions reductions, if the right projects are invested in and delivered at scale.
The question is not whether trees, CCS and direct air capture are needed, but what will deliver carbon removal at scale.
In order to overcome a last-minute veto threat by Poland, EU leaders agreed last week to consider new rules for the EU ETS and the just transition fund, leaving climate campaigners concerned.
As UK-EU trade talks go down to the wire, industry is in the dark about the future of market access and emissions trading, the UK’s key climate policy.