EU Commission to bring forward carbon market reform before 2021

21/05/2014 00:32


The European Commission is open to hasten an anticipated 2021 start date for the initiation of controls to cut the massive overabundance of permits influencing the EU Emissions Trading System, as stated by the Commission’s major climate official.

According to Jos Delbeke, the Commission approved the institution of a so-called “market stability reserve” before time, a move backed by environment ministers from Germany, Britain, Denmark and Sweden. The Commission suggested in January a new method to diminish the excess of permits should be established when the scheme’s fourth trading phase is scheduled to start in 2021. The oversupply, which has generated a decline in EU carbon prices, had exceeded 2.1 billion units.

Equinor and partners begin production from Norwegian Sea’s Trestakk field

17/07/2019 08:32:00

Equinor Energy and its partners ExxonMobil and Vår Energi have started production from the Trestakk field in the Norwegian Sea on time and under budget.


Engie pushes back outage of Belgian Tihange 1 nuclear reactor

17/07/2019 08:29:00

Engie Electrabel, the Belgian subsidiary of French energy group Engie, has postponed the planned outage of one of its nuclear reactors due to a delay in the delivery of some required parts, a spokesman said on Tuesday.


Vestas scoops 415MW prize at Saudi mega-farm

17/07/2019 08:25:00

Vestas has secured a 415MW turbine order for Saudi Arabia’s first utility-scale wind farm.