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Major oil companies call for carbon pricing

Six of the largest oil and gas companies in Europe have called for the UN to let them help devise a global carbon pricing system. Responding to rising pressure ahead of the Paris climate talks at the end of this year, the chief executives of Royal Dutch Shell, BP and BG Group from the UK, France’s Total, Norway’s Statoil and Italy’s Eni have sought direct talks with governments.

Reasons to change the zero-rated criteria for biomass in the EU ETS

Sketch of a book (default image for publications
This study is published to co-inside with the European Commission's public consultation on revising the EU emissions trading system (ETS) for the period 2021-2030. The current EU ETS only accounts for smokestack emissions but erroneously rates the carbon emissions of biomass burning at zero. The study reviews the current use of biomass under the EU ETS and proposes steps to ensure that biomass use is only incentivised when it delivers real GHG emissions reductions.

Up to 7% of carbon emissions in the ETS escape through loophole – study

Between 90 and 150 million tonnes of CO2 resulting from burning biomass with no climate safeguards are ‘labelled’ carbon neutral in Europe and thus do not require carbon permits under the EU emissions trading system (ETS), according to a new study published today. This represents up to 7% of all emissions in the ETS on an annual basis or three times the CO2 emissions released in Portugal in 2012.

Electro-mobility and alternative fuels central to ‘energy union’ agenda

Further decarbonisation of transport through a shift to alternative fuels and electro-mobility forms a major part of the European Commission’s strategy for an ‘energy union’, unveiled last week. With transport being responsible for more than 30% of EU energy consumption and a quarter of emissions, the Commission said legislation on ‘decarbonising the transport sector, including an action plan on alternative fuels’ would be put forward in 2017.

Putting transport in the ETS will hinder job growth, stall emissions cuts – study

Even if carbon prices in Europe’s emissions trading system (ETS) trebled from today’s levels [1], including road transport in the ETS would only reduce oil use and CO2 emissions from transport by 3% over the next 15 years, a new study by Cambridge Econometrics reveals. This level is insufficient for road transport to make a proportionate contribution to Europe’s climate and energy security goals.

‘Peak oil’ is dead – but the need for urgency is greater than ever

Opinion By Jos Dings - T&E DirectorThe most recent World Energy Outlook from the International Energy Agency caught more headlines than usual, the main reason being its finding that North America is to become self-sufficient in energy in 20 years due to an expected increase in production of unconventional oil and gas, as well as energy conservation – mainly more efficient cars. This has some serious consequences, also for Europe, and it heightens the responsibility of the world’s politicians to take some meaningful action on climate change, and quickly.