EU ETS
19 Jun 2013 16:01
EU parliament committee backs weakened CO2 mkt rescue plan
BRUSSELS, June 19 (Reuters) - The European Parliament's Environment Committee voted on Wednesday to…
19 Jun 2013 16:01
BRUSSELS, June 19 (Reuters) - The European Parliament's Environment Committee voted on Wednesday to…
19 Jun 2013 18:05
LONDON/BRUSSELS, June 19 (Reuters Point Carbon) – A rift between MEPs in Europe’s biggest political…
20 Jun 2013 11:35
LONDON, June 20 (Reuters Point Carbon) – Estonia will sell an undisclosed volume of Kyoto emission r…
There is no end date to the EU ETS Directive, and key elements of the framework for phase 4 are therefore already in place. The first part of this report presents this “default” option while the second part describes the processes to reform the EU ETS and design EU climate and energy policies towards 2030.
Today’s majority in the ENVI Committee in favour of backloading was as expected after the negotiations on the consolidated amendments last week. Considering statements by Parliamentarians before the vote we think that the likelihood for a positive vote in the July Plenary has increased. However, the ‘legal clarification’ on backloading is far from being a ‘done deal’ as member states will have to come forward with positions when the Council gets involved in the trilogue negotiations. Given the demand for earmarking 600 million allowances for supporting energy-intensive industry and the immediate re-introduction of withheld allowances, negotiations with member states could be difficult and delay the process. If today’s ENVI agreement would be the final backloading outcome, we expect this to leave EUA prices in the single-digits for the rest of phase 3.