Legislative proposals to revise the EU Emissions Trading System seek to nearly double the rate at which the emissions cap declines, but free allowances will be extended as a new carbon border adjustment mechanism is born.
After years of debate, the European Commission has unveiled its proposed carbon border levy. It is bold, complicated, controversial – and its prospects are far from certain.
Climate campaigners say the move will penalise society’s most vulnerable, while the chair of the European Parliament’s environment committee calls it “politically suicidal”.
Emerging partnerships between countries like Germany and Australia, backed by business interests and financial incentives, are laying the foundations for a global, green hydrogen market to replace fossil fuels.
Market reforms and administrative policies are often at odds in China, leaving fossil fuels with distinct advantages over wind and solar power.
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.
The climate impacts of the paper industry have largely escaped scrutiny. But it will have to decarbonise along with other energy-intensive sectors. Heat pumps could be the solution.
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.
Green hydrogen from renewable energy sources will be needed to help decarbonise hard-to-abate sectors, writes Aurélie Beauvais from SolarPower Europe.
Companies will not know for many months what the price of carbon will be in the UK's post-Brexit emissions trading system (ETS). Some are hedging their bets by continuing to buy EU ETS allowances.
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