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Europe to try twin-track fix for market

27 Jul 2012

The European Commission has announced a twin-track approach to fixing Europe’s depressed carbon market with a short-term ‘backloading’ of carbon allowances, to be followed by proposals for long-term structural change before the end of the year.


The EC proposal suggests reducing the number of credits in the swollen Emissions Trading System by delaying the release of 400 million, 900 million or 1.2 billion of them from the start of the next market issue in 2013.



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Related Topics:   Carbon prices Emissions trading Energy NZ ETS

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International
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Nearly half the world's children exposed to three or more climate risks: UNICEF

Wed 17 Jun 2026

More than one billion children face at least three overlapping climate hazards, UNICEF warned Monday, while highlighting the disproportionate impact in some regions of the world.

Steel and chemicals giants demand freeze to EU’s flagship climate policy

Wed 17 Jun 2026

The attack on the Emissions Trading System is among industry's most direct calls yet for the EU to change course on climate.

Australia declares El Nino set to be strongest in decades

Wed 17 Jun 2026

Australia's weather bureau warned on Tuesday that an El Nino weather pattern has formed in the tropical Pacific and could intensify in ‌the second half of 2026 to become one of the strongest in seven decades.

UN’s first Paris Agreement carbon credits face human rights and climate concerns

Wed 17 Jun 2026

Civil society groups allege the cookstove project in Myanmar exaggerated its climate impact while maintaining ties with military junta.

Trump wants to put a $75m coal terminal in this liberal California city. Residents aren’t having it

Wed 17 Jun 2026

Residents of West Oakland, which suffers from toxic waste and high pollution rates, is rallying against a coal export facility.

Climate crisis is changing when plants flower, artificial intelligence study finds

Wed 17 Jun 2026

A global study using AI to analyse eight million digitalised plant specimens dating back a century revealed flowering has shifted by 2.5 days earlier or later per decade on average.

Climate change has already made Australians in one state much poorer, and more’s to come

Tue 16 Jun 2026

The world’s hottest years over the past decade have coincided with stagnant economic productivity, rising prices and geopolitical instability.

Antarctica’s west coast missing an area of sea ice the size of France as temperatures peak 20C above average

Tue 16 Jun 2026

A vast area of the Bellingshausen Sea should be covered by sea ice by now, with one expert calling the loss of ice ‘depressing’.

US judge orders halt to Trump administration's 'censorship' of park exhibits

Tue 16 Jun 2026

A federal judge ordered the Trump administration on Friday to reinstall ‌exhibits and signs on topics like slavery and climate change that it had removed from parks and monuments nationwide because they "do not align with its preferred narrative."

Climate change reshapes Spain's rockfall risk as frost weathering moves uphill

Tue 16 Jun 2026

Climate change is altering where and when rocks are most likely to fracture across Spain, according to new research that suggests warming temperatures are redistributing a key process responsible for breaking down mountain landscapes.

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