EU ETS

EU’s end-of-year energy breakthroughs will have big climate implications

After months of tense negotiations, the EU has agreed a mechanism to cap the wholesale price of natural gas. The…

With gas storage nearly full, EU prepares more emergency measures for winter

­Having spent the past two months injecting storage sites with natural gas, EU countries on 9 September asked the European…

Opinion: This is the EU Parliament’s last chance to raise carbon market ambition

A new deal to reform the EU’s carbon market, struck late at night on 14 June between the centre-right European…

Opinion: EU Parliament’s CBAM spat could delay a carbon border tax by years

It was a raucous day in Strasbourg, France, on 8 June when three EU climate proposals – establishing an EU…

EU’s carbon border tax moving (too?) fast

If you can’t beat them, join them. That seems to be the attitude of some of the EU’s trade partners…

Opinion: REPowerEU cannot decide if it is a climate or fossil plan

The European Commission has unveiled its €300bn plan for kicking the EU’s addiction to Russian fossil fuels, issuing legislative proposals…

How carbon markets can help deliver CO2 removals for net zero

The year 2021 saw considerable momentum behind increased climate ambition, but there remains a large gap between targets and actions.…

CBAM advances, but big battles remain

The EU is pressing ahead with its plans to introduce a carbon border tax, with agreement among member states on…

What Europe can learn from Portugal’s accelerated coal exit

At the end of 2021, Portugal became coal-free after shutting down its 628MW Pego coal-fired power plant, privately owned by…

Ukraine invasion sends carbon markets on rollercoaster ride

For carbon market veterans, recent events have brought back unwelcome memories of 2008-09. Then, as the global financial crisis roiled…