EU ETS reaches crisis point
A huge surplus of EU emissions trading scheme (ETS) permits has led to a collapse in their value, threatening the future of the scheme, climate change commissioner Connie Hedegaard has warnedUnless emergency measures underpinning the carbon price are endorsed, the ETS could be replaced by a “patchwork” of national systems, she said. The European Commission estimates that the number of exc
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The UK's National Drought Group (NDG) has this week agreed measures to manage the current drought and minimise risks for next year, with businesses now facing a “new normal” for water.
Investors managing $9.8trn (£8trn) in assets have joined a new campaign urging 72 of the world’s biggest corporate water users and polluters to value and act on water as a financial risk.
The Environment Agency has successfully prosecuted Southern Water for thousands of illegal raw sewage discharges that polluted rivers and coastal waters in Kent, resulting in a record £90m fine.
In Elliott-Smith v Secretary of State for Business, Energy and Industrial Strategy, the claimant applied for judicial review of the legality of the defendants’ joint decision to create the UK Emissions Trading Scheme (UK ETS) as a substitute for UK participation in the EU Emissions Trading Scheme (EU ETS).