Tag Archive for 'Emission Trading'

EU Parliaments Adopts Reform on European Emission Trading Scheme

On 8 July 2015 the European Parliament agreed to the reform of the ETS, including the introduction of the Market Stability Reserve (MSR).

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EU Parliament Backs Emission Allowance Freeze Under Tighter Conditions in Second Vote

In April the European Parliament (EP) had still narrowly rejected a proposal for boosting the emission allowance price and making low carbon investments more attractive by withholding around 900 million emission allowances from the EU emissions trading scheme (EU ETS). The European Parliament on Wednesday backed the motion under tighter conditions.

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EU Parliament Narrowly Votes Against Withholding Emission Allowances

The European Parliament narrowly voted against a proposal aimed at withholding around 900 million emission allowances from the EU emissions trading scheme (EU ETS) over the next two year in order to boost the emission allowance price and make low carbon investments more attractive. It will now be referred back to the environment committee that had supported the plan in February.

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BMU: EU Emissions Trading Scheme Crisis Affects German Climate Protection Targets

The sectors covered by the EU emissions trading scheme (EU ETS) will fall short of the EU target for 2020 to reduce greenhouse gas emissions by 21% compared with 2005, the latest Greenhouse Gas Projections Report Germany submitted to the EU shows. The main reason were the low prices of the EU emission allowances, which did not provide sufficient incentives for a climate-friendly modernisation of the energy sector, the environment ministry (BMU) said.

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50 German Companies Raided for Emission Allowance Carousel Fraud

Yesterday, German prosecutors raided 230 offices of 50 German companies in an investigation into alleged VAT tax evasion of EUR 180 million using emission allowance trading. Continue reading ’50 German Companies Raided for Emission Allowance Carousel Fraud’

RWE Increases Net Income in 2009

RWE AG reported a slight revenue  decline to EUR 48 billion in 2009, while EBITDA rose by 4% to EUR 9.2 billion. The operating result slightly exceeded the forecast and improved by 4% to EUR 7.1 billion. Recurrent net income, on which the proposed dividend of  EUR 3.50 per share is based, is up 5%. Continue reading ‘RWE Increases Net Income in 2009’

Hackers Steal and Sell Emission Allowances

A large-scale data theft has paralysed the official registers for emission trading in many European countries, Financial Times Deutschland (FTD) reports. Continue reading ‘Hackers Steal and Sell Emission Allowances’

Emissions Trading: Member States Approve List of Carbon Leakage Sectors

On 18 September 2009 EU Member States approved a draft Decision listing 164 industrial sectors and sub-sectors deemed to be exposed to carbon leakage. Continue reading ‘Emissions Trading: Member States Approve List of Carbon Leakage Sectors’

Aviation Amendment of Greenhouse Gas Emission Trading Act

The First Act to Amend the Greenhouse Gas Emission Trading Act (Erstes Gesetz zur Änderung des Treibhausgas-Emissionshandelsgesetzes) of 16 July 20009 has been published in the Federal Law Gazette of 21 July 2009. Continue reading ‘Aviation Amendment of Greenhouse Gas Emission Trading Act’