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European Union Emission Trading Scheme (EU ETS)

Broadening the EU ETS debate

May 3, 2012 by David Hone
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The ongoing debate in Europe about the current state of the Emissions Trading System (ETS) and the low carbon price outlook is gaining momentum and importantly gaining advocates for action, including senior figures from both business and academia on both sides of the Atlantic.[read more]

Making Sense of Misleading Talk about Cap-and-Trade in Europe and the USA

April 26, 2012 by Robert Stavins
2

Various advocates have labeled the Regional Greenhouse Gas Initiative (RGGI) and the EU-ETS as near “the brink of failure” because of the recent trend of very low auction prices. Not true![read more]

The Dash (for Gas) Isn't Over Yet

March 21, 2012 by David Hone
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Ed Davey, credit: UK DECC

Over the weekend the UK Secretary for Energy and Climate Change, Ed Davey, announced plans to secure a continuing role for natural gas in the UK power generation sector. So continues the rollout of a comprehensive policy framework designed to decarbonise the UK power sector, ensure security of supply / cost and provide sufficient certainty for the necessary investments to take place.[read more]

A set-aside for the EU ETS?

February 10, 2012 by David Hone
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Interest in the EU Emissions Trading System (ETS) is high at the moment in the European Parliament. MEPs are being asked to support a key amendment to the proposed Energy Efficiency Directive which will see the removal (set aside) of a substantial number of allowances from the Phase III auctions. Such an action would bolster the EU carbon price. Not surprisingly, the upcoming ITRE Committee (Industry, Research and Energy) vote has polarised business groups.[read more]

Will the Durban Climate Negotiations Succeed?

December 9, 2011 by Robert Stavins
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Two weeks of international climate negotiations began last week in Durban, South Africa.  These are the Seventeenth Conference of the Parties (COP-17) of the United Nations Framework Convention on Climate Change (UNFCCC).  The key challenge at this point is to maintain the process of building a sound foundation for meaningful,...[read more]