The European Commission put forward updated benchmark values for its flagship carbon market in a bid to address concerns among some governments and manufacturers over the region’s declining competitiveness.
The European Commission put forward updated benchmark values for its flagship carbon market in a bid to address concerns among some governments and manufacturers over the region’s declining competitiveness.
Poland’s nationalist President Karol Nawrocki said he wanted to call a referendum on European Union climate policy in a move that’s bound to create fresh tensions with the pro-EU government and with Brussels.
China and the European Union have joined forces in a bid to create a global alliance on carbon pricing, putting them at odds with the Trump administration’s push to invest more in fossil fuels.
Steam rises from cooling towers at a coal-fired power plant near Bergheim, Germany. Photographer: Lukas Schulze/Getty Images
Poland’s nationalist President Karol Nawrocki said he wanted to call a referendum on European Union climate policy in a move that’s bound to create fresh tensions with the pro-EU government and with Brussels.
The European Commission is set to propose granting about €4 billion ($4.7 billion) more of free emission permits to the industries covered by the bloc’s carbon market, addressing concerns by some governments and manufacturers over the region’s declining competitiveness.
The European Commission is set to propose granting about €4 billion ($4.7 billion) more of free emission permits to the industries covered by the bloc’s carbon market, addressing concerns by some governments and manufacturers over the region’s declining competitiveness.
The European Union proposed measures such as optimizing jet fuel distribution and cutting energy taxes to navigate the Iran war-driven crisis that it said could reverberate for years.
A refueling vehicle passes a passenger aircraft at Munich Airport, on April 14.
Czech Prime Minister Andrej Babis called on the European Union to relax environmental rules to ease the impact of the energy price spikes caused by the Iran war and to stem a decline in the bloc’s industrial competitiveness.
Ukraine expects oil to resume flowing through the Druzhba pipeline as soon as Tuesday, clearing the way for the European Union to unblock a much-needed €90 billion ($106 billion) loan for Kyiv.
Oil pipes at an oil tank farm along the Druzhba pipeline near Nelahozeves, Czech Republic.
Germany wants the European Union to place industrial transition to cleaner energy at the heart of a planned review of its carbon market, after rising power and fuel prices prompted criticism of the bloc’s key climate tool.
European Union officials are heading to Budapest on Friday for talks with Hungary’s incoming leader, Peter Magyar, with no signs the outgoing Prime Minister Viktor Orban will drop his veto over a €90 billion ($106 billion) EU loan to Ukraine.
Hungary's Incoming Prime Minister Peter Magyar at a news conference following his election victory in Budapest on April 13.
The European Union said it prefers controlled purchases of international carbon credits over the acquisition of them by individual companies, as it wants to ensure only high-quality projects count toward its ambitious climate target.
Investors in emissions-reduction projects called on the EU to agree on the rules as soon as possible. Photographer: Milan Jaros/Bloomberg
The European Union said it prefers controlled purchases of international carbon credits over the acquisition of them by individual companies, as it wants to ensure only high-quality projects count toward its ambitious climate target.
Investors in emissions-reduction projects called on the EU to agree on the rules as soon as possible. Photographer: Milan Jaros/Bloomberg
The European Union’s executive arm is set to propose lowering energy taxes and power grid charges, after the Iran war added urgency to a plan to help the region’s struggling industries.
Overhead electrical power lines at an electricity substation in Athens.
The European Union’s executive arm is set to propose lowering energy taxes and power grid charges, after the Iran war added urgency to a plan to help the region’s struggling industries.
Overhead electrical power lines at an electricity substation in Athens.
Protesters blocked an Irish oil refinery and demonstrated in Dublin over the government’s handling of soaring fuel prices in the wake of the war in the Middle East.
Vehicles parked in protest over rising fuel prices on O'Connell Street, Dublin, on April 8.
The European Union proposed a limited adjustment to its carbon trading program to curb the impact of emissions costs on soaring energy bills, and pledged flexibility to avoid placing an excessive burden on industry during a transition to cleaner technologies.
Residential homes near the Rhone Energies SAS oil refinery in France. Photographer: Jeremy Suyker/Bloomberg
The European carbon market is scaling back expectations for how aggressive government intervention will be as Brussels looks to ease energy-cost burdens for the region’s ailing heavy industry.
Carbon futures dropped earlier this month on concerns that EU governments will push for aggressive measures to cut carbon prices.
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