EU Environment Ministers meeting in Brussels next Tuesday, 28th February aim to reach an agreement on the revision of the Emission Trading System (ETS) for the next decade.
The European Parliament voted today on its position for the redesign of the EU Emissions Trading Scheme for the coming decade. Instead of scaling up emission cuts beyond what the Parliament’s environment committee has proposed, lawmakers watered down provisions aimed at increasing the level of ambition of the reform.
On 15 February, the European Parliament will vote on the redesign of the Emissions Trading Scheme (ETS) for the coming decade. The Parliament’s decision is the most important political milestone on the way to turn the ETS into an effective climate protection tool and incentivise polluting industries to embrace the shift to a green economy.
The annual State of the Energy Union report published by the European Commission today shows that the transition of the European economy away from fossil fuels is underway, but its pace is far too slow to meet the goals of the Paris Agreement.
Key EU Environment Ministers discussing the reform of the EU Emission Trading Scheme (ETS) today expressed their support for measures to scale up emission cuts in the carbon market. Climate Action Network (CAN) Europe welcomes the support for more ambition, but at the same time urges EU decision makers to step up those cuts in order to be in line with the goals of the Paris Agreement.
The European Parliament’s Environment Committee (ENVI) voted today on the redesign of the EU Emissions Trading Scheme for the coming decade.
CAN Europe welcomes the steps the Parliament took to scale up emission cuts, beyond what the European Commission has proposed, but stresses that these are still far too little to repair the broken scheme or align the EU’s planned emission reductions with the global temperature goals it committed to under the Paris Agreement.
On 15 December, the European Parliament’s environment committee will cast a decisive vote on the revision of the EU Emissions Trading System (EU ETS).
Climate Action Network (CAN) Europe, Carbon Market Watch, WWF and almost 100 000 European citizens in the WeMove.EU community urge the committee members to vote for a bold reform to turn the EU ETS into an effective climate protection tool and make the polluting industries and power producers pick up the tab for the harm they cause.
Turkey's second largest private bank, Garanti, which finances the country’s coal boom, received the 2016 Climate Performance Leadership award from CDP, a UK based organisation, earlier this month. Environmental groups shed light on the destructive impacts of the dodgy deals the bank is involved in, in order to counter its green claims deceiving the European public.
Today the ECOFIN Council agreed on its position on the future of the European Fund for Strategic Investments, EFSI, also referred to as the Juncker Plan or the Investment Plan for Europe. While it contains some good elements on climate action, the council stills falls short of ensuring EFSI’s investments are in line with the EU’s climate goals and the objectives of the Paris Agreement.
The ‘Clean Energy for All Europeans’ package released by the European Commission today is not consistent with the Paris Agreement’s goal to limit global temperature rise to 1.5°C and disregards the fact that the climate crisis poses an urgent existential threat. According to Climate Action Network (CAN) Europe, the package will not help the EU reap the benefits of a shift to a fully renewable and efficient energy system.