How the EU carbon market’s lesser-known cousin could help drive industrial transformation

As the EU carbon market is failing to drive down industrial carbon pollution, other rules are needed to provide an extra push. The upcoming revision of the industrial emissions directive should include greenhouse gases within the law’s scope. This way, limits on carbon emissions would be included within the criteria that an industrial plant must …

EU carbon market state aid rules moving in the right direction – but not far enough

New EU state aid guidelines for compensating industry for higher electricity costs under the EU carbon market reduce the number of eligible sectors and limit aid to those investing in energy efficiency. However, if this so far inefficient and expensive scheme is to continue, further significant improvements are needed to ensure that it helps Europe …

Carbon Market Watch Newsletter – October 2019

Stronger climate action should be the main goal of an EU carbon border tax Dear friends, Tomorrow was supposed to start the count-down to the much-touted “European Green Deal”. The rejection of three Commissioner-candidates by the Europen Parliament means that Ursula von der Leyen’s team is not able to start their work at least before December, but …

Taxing carbon at the EU border? Only if free pollution permits go

First published on Carbon Pulse October 17, 2019 As part of her “European Green Deal”, incoming EU Commission President Ursula von der Leyen has promised to introduce a carbon border tax to “ensure that European companies can compete on a level playing field”. This is a new wind coming from the executive branch of the European Union …

Pricing pollution can drive green growth 

New report busts industry competitiveness myths Carbon pricing can unlock the potential for innovation and boost new low-carbon businesses. Contrary to industry claims, it plays only a limited role in companies’ location and investment decisions. Sectors such as cement where transport costs are high are unlikely to lose competitiveness due to carbon pricing.  The months …