Talks between the UK and the European Union on linking their carbon markets as part of a post-Brexit reset are exposing differences over issues including free permits and the British emissions cap.
The EU plans to exempt palm oil derivatives used in medicines and soybeans used for sowing from its landmark rules tackling global deforestation in its latest attempt to blunt the law’s impact on sensitive sectors.
The European Union’s biggest steelmakers, including Salzgitter AG and SSAB AB, urged policy makers to avoid weakening the bloc’s flagship emissions market and to support strengthening its carbon border levy.
An employee works in the blast furnace at the Salzgitter mill in Salzgitter, Germany.
An initiative by a group of European Union governments to amend the bloc’s methane-emissions regulation gained momentum after Germany endorsed the push, arguing that some provisions could threaten energy security.
The European Union plans to make its flagship carbon market more resilient by introducing dynamic controls on the supply of emission permits, with the aim of preserving liquidity and preventing price spikes.
Glass panels surround the lantern-shaped structure inside the European Union's (EU) new Europa building, also known as the Space Egg, ahead of a Eurogroup meeting of euro-area finance ministers in Brussels, Belgium, on Thursday, Jan. 26, 2017. Greece has less than a month to iron out disagreements with its creditors over how to move forward with a rescue package that has been keeping the country afloat since 2010. Photographer: Jasper Juinen/Bloomberg
The European Union plans to make its flagship carbon market more resilient by introducing dynamic controls on the supply of emission permits, with the aim of preserving liquidity and preventing price spikes.
Glass panels surround the lantern-shaped structure inside the European Union's (EU) new Europa building, also known as the Space Egg, ahead of a Eurogroup meeting of euro-area finance ministers in Brussels, Belgium, on Thursday, Jan. 26, 2017. Greece has less than a month to iron out disagreements with its creditors over how to move forward with a rescue package that has been keeping the country afloat since 2010. Photographer: Jasper Juinen/Bloomberg
The US, Qatar and other natural gas exporters are urging the European Union to ease some of its pending methane emissions rules, warning that the regulations could threaten the bloc’s energy security.
Fumes rising from the cooling tower of a power station near Niederaussem, Germany.
The US, Qatar and other natural gas exporters are urging the European Union to ease some of its pending methane emissions rules, warning that the regulations could threaten the bloc’s energy security.
Fumes rising from the cooling tower of a power station near Niederaussem, Germany.
A group of 12 European Union countries urged the bloc’s executive to bolster a fund financed through the carbon market which supports poorer member states in the transition away from fossil fuels.
The European Commission is due to unveil a reform of the carbon cap-and-trade program on July 15. Photographer: Chris Ratcliffe/Bloomberg
The biggest political group in the European Union’s parliament is considering pushing for carbon market changes to safeguard the region’s industrial competitiveness and curb excessive price swings.
Coal barges at the port beside the Thyssenkrupp Steel Europe AG steel plant in Duisburg, Germany, on Monday, Dec. 9, 2024. Thyssenkrupp aims to lower personnel costs by about 10% on average over the coming years.
European Union member states approved a controversial update of benchmark values for the bloc’s carbon market, taking a key step toward distribution of free allowances to companies in the flagship emissions trading system.
Cooling towers at a lignite coal-fired power plant, in Peitz, Germany.
The European Union is developing plans to cut taxes on renewable energy and make electricity systems more flexible as high costs continue to weigh on the region’s economy.
A cleaning robot at a EDP SA solar farm in Avila, Spain, on Tuesday, July 1, 2025. Big technology companies are driving demand for electricity produced by renewable projects as the firms invest in artificial intelligence and data centers, according to EDP SA, a developer of wind farms and solar energy projects in the US and Europe.
The European Union plans to stagger the sale of €30 billion ($35 billion) of carbon permits, seeking to ensure that its push to help industries finance a shift to clean energy doesn’t depress emissions prices.
Wind turbines near rapeseed fields in Doetlingen, Germany, on Friday, May 2, 2025. Friedrich Merz sought to move past an embarrassing stumble as he took power in Germany, vowing to reboot the economy and revive the country’s military. Photographer: Krisztian Bocsi/Bloomberg
The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter.
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., as a tanker sails beyond in Tuapse, Russia, on Monday, March 23, 2020. Major oil currencies have fallen much more this month following the plunge in Brent crude prices to less than $30 a barrel, with Russia’s ruble down by 15%.
Polish lawmakers in the European Parliament’s biggest political group are calling for a deep carbon-market reform as a war-driven surge in energy prices highlights the bloc’s industrial competitiveness issues.
Emissions rise from an oil refinery in Plock, Poland.
The European Union is considering stockpiling fertilizers and providing relief for farmers as part of measures aimed at tackling soaring costs caused by the Middle East conflict.
A farmer sprays an insecticide on a field of pear trees near Lleida, Spain, on Friday, March 27, 2026. The closure of the Strait of Hormuz has halted shipments of fertilizers, causing prices of urea and phosphate to surge. Photographer: Angel Garcia/Bloomberg
European Union energy lobby groups called for more flexibility in reaching the bloc’s natural gas storage targets, to avoid market pressure during the summer refilling season.
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.
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