Tag Archive for 'EU ETS'

Latvian EU Presidency: Council and Parliament Negotiators Agree to Start EU ETS Market Stability Reserve in 2019

Council and European Parliament representatives reached an agreement in principle on the decision concerning the establishment and operation of a market stability reserve (MSR) for the European Emission Trading System (EU ETS), the Latvian Presidency informed. MSR shall start in 2019 and correct supply-demand imbalances due to an surplus of emissions allowances in the EU ETS of about 2.1 billion allowances.

Continue reading ‘Latvian EU Presidency: Council and Parliament Negotiators Agree to Start EU ETS Market Stability Reserve in 2019’

German Greenhouse Gas Emissions Down 4.3% in 2014 – Energy Related Emissions Down 5.2%

Germany’s greenhouse gas emission for 2014 were down 41.3 million tonnes, or 4.3% compared to 2013, the Federal Environment Agency (Umweltbundesamt – UBA) reported. Energy related emissions were down even further at minus 5.2%.

Continue reading ‘German Greenhouse Gas Emissions Down 4.3% in 2014 – Energy Related Emissions Down 5.2%’

EU ETS – Environment Minister Hendricks Calls for Faster Reform

The representatives of the Permanent Representatives Committee (Coreper) adopted a negotiation mandate for reforming the European Emission Trading Scheme (EU ETS) paving the way for a trilogue between the Latvian Presidency, the EU Parliament and the Commission, German Environment Minister Barbara Hendricks informed. She welcomed part of the compromise but demanded a faster pace.

Continue reading ‘EU ETS – Environment Minister Hendricks Calls for Faster Reform’

Key Points for Additional 22 Million CO2 Reduction by Conventional Power Plants Unconstitutional and in Violation of EU ETS?

The December 2014 “Action Programme on Climate Protection 2020″ contained the announcement that the German power plant fleet should be made to contribute to saving CO2 by reducing its emissions by an additional 22 million tonnes up to 2020. A key point paper from the Ministry for Economic Affairs and Energy (BMWi) released yesterday provides first information on how this shall be done. However, despite obvious legal concerns, without addressing why the proposal complies both with the German constitution and the European emissions trading regime.

Continue reading ‘Key Points for Additional 22 Million CO2 Reduction by Conventional Power Plants Unconstitutional and in Violation of EU ETS?’

EU Environment Committee Votes in Favour of ETS Market Reserve, Advocates Early Start and Inclusion of “Back-loaded” Allowances

The Environment Committee of the European Parliament has voted in favor of a draft law proposing to reform the EU Emissions Trading Scheme (ETS) by reducing the surplus of emission allowances available for trading in order to support the price. They advocated introducing the mechanism early, by the end of 2018, and also proposed preventing the automatic return to the market of a portion of allowances “back loaded” (withheld from the scheme) last year in a separate vote.

Continue reading ‘EU Environment Committee Votes in Favour of ETS Market Reserve, Advocates Early Start and Inclusion of “Back-loaded” Allowances’

Crash Course Greenhouse Gas Emissions Law – EU ETS and EEG

Prof. Säcker again organised one of his excellent energy seminars at the Institute for Energy and Regulatory Law Berlin. On 12/13 January, it was his  energy law crash course. I had the pleasure of speaking on greenhouse gas emissions law.

Continue reading ‘Crash Course Greenhouse Gas Emissions Law – EU ETS and EEG’

EU Parliament Environment Committee Rejects Objection Against Commission’s Proposal for a Carbon Leakage List

The European Parliament’s Environment Committee (ENVI) yesterday rejected an objection against the “carbon leakage” list proposed by the European Commission in May 2014 for the period 2015 to 2019.

Continue reading ‘EU Parliament Environment Committee Rejects Objection Against Commission’s Proposal for a Carbon Leakage List’

Start of Backloading of Emission Allowances – Fewer Allowances Auctioned

The amount of emission allowances auctioned under the EU emissions trading scheme (EU ETS) has been reduced by 400 million for 2014. The measure is part of a so-called back-loading scheme that postpones the auctioning of 900 million allowances in total in the period from 2014 to 2016 to 2019 and 2020 to allow demand for allowances to pick up and provide greater incentive to invest in greenhouse gas emission reductions. Auctioning of the reduced volume has begun at the European Energy Exchange (EEX). German auctioning volume now amounts to only 127.1 million instead of 205 million allowances, the Federal Ministry for the Environment informed.

Continue reading ‘Start of Backloading of Emission Allowances – Fewer Allowances Auctioned’

Council Gives Green Light to Commission Regulation Permitting Backloading of Emission Allowances

The Council today decided not to oppose the adoption of a Commission regulation amending Regulation No 1031/2010, which in particular determines the volumes of greenhouse gas emission allowances to be auctioned in 2013-2020.

Commission Proposes 40% Greenhouse Gas Emission Reduction Target for 2030 – Renewables Target without Individual Member Country Target

A centre piece of the EU framework on climate and energy for 2030 proposed yesterday by the European Commission is a 40% reduction target for greenhouse gas (GHG) emissions below the 1990 level. The proposal also includes an EU-wide binding target for renewable energy of at least 27%, which shall, however, not be translated into national targets through EU legislation. A new energy efficiency target has not yet been set.

Continue reading ‘Commission Proposes 40% Greenhouse Gas Emission Reduction Target for 2030 – Renewables Target without Individual Member Country Target’