EU carbon market expansion to raise diesel prices
Motorists set to pay an extra 50 cents a litre from 2031, estimates show
Motorists set to pay an extra 50 cents a litre from 2031, estimates show
The environmental movement in France is bracing for an EU election debacle, according to the latest polls.
Brussels called the 15.5 percent reduction in 2023 a “record.”
The sharp drop in the EU’s CO2 price, caused by high energy prices and political uncertainty, risks the carbon market’s credibility โ and becomes an obstacle to the bloc’s industrial decarbonisation.
A leaked European Commission paper on โindustrial carbon managementโ, to be published on 6 February, lays the groundwork for captured carbon dioxide to be โrecycledโ in chemical processes or used as maritime and jet fuel, while accounting for non-emitt…
The EU is promising storage will eventually be available โย but manufacturers in Europeโs poorer regions are worried it wonโt be within reach.ย
The problems with forest carbon markets that have hit the front pages are very real. But they arenโt the full story.
A recent analysis suggests that the EUโs carbon market for road transport and buildings (ETS 2) may see prices rise far above the โฌ45 promised by the EU, provoking fears that protests against fuel price hikes will follow.
The establishment of a European Central Carbon Bank could prove especially beneficial to regulate prices on the EU carbon market. If placed in Central-Eastern Europe, it could be a strategically important factor in achieving Europeโs climate goals, arg…
Reforms undertaken as part of the European Green Deal, including the recent update of the EU Emissions Trading Scheme (ETS), are helping to accelerate the EU’s decarbonisation, write Gabriel Papeians and Stefan Feuchtinger.