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Member states must reduce emissions by 40% compared to 2005 levels in sectors that are currently not regulated under the EU Emissions Trading System
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It has launched the third call for projects under the EU Innovation Fund, covering topics including decarbonisation, innovative electrification in industry and cleantech manufacturing
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But what does the industry think?
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Members of the European Parliament want the sector to contribute to climate neutrality
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A newly-published survey reveals this is a reversal of opinion from the EU carbon market in 2019
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The Commission has launched a consultation on the revised guidelines for emissions allowance trading post-2021, which includes reducing the number of sectors eligible for compensation
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The deadline extension from the 15th of March to the 26th of March will give emitters more time to buy and surrender required carbon units
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Claire Perry said this would come into effect after the end of the EU’s current ETS trading phase at the end of 2020, assuming a deal was reached
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Lawrnce Slade said the carbon price support and the EU Emissions Trading System have ‘really helped’ drive investment in low carbon technologies
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Both nations are worried a ‘no deal’ Brexit could devolve powers to England
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The government will compensate large energy users for higher electricity prices resulting from indirect emissions costs
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The government is still working through the details of how this would work during the transition period
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