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.

Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals

16/04/2019 10:34:00

Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.


EU approves €5bn Polish energy scheme, probes surcharge reductions

16/04/2019 09:01:00

The European Commission has approved a €5 billion (£4.3bn) Polish support scheme for co-generated electricity with surcharge reductions for large energy users.


Siemens Gamesa in final talks for 700-MW-plus offshore wind turbine contract

16/04/2019 08:58:00

Siemens Gamesa Renewable Energy SA said Monday it is in final negotiations with Swedish state-owned utility Vattenfall AB to supply turbines for the Hollandse Kust Zuid (HKZ) I & II offshore wind projects in Dutch waters.