MEPs reject plans to cut ETS surplus
The price of carbon under the EU emissions trading scheme (ETS) is likely to remain at just €3 a tonne for the foreseeable future say experts, after the European parliament refused to back plans to delay the sale of allowancesIn a shock vote, MEPs have rejected the European Commission’s proposals to tackle the huge surplus of ETS credits currently depressing the price of carbon and undermining the scheme. Under the commiss
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The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).