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EU credits could be junk, says power chief

1 Feb 2013

Europe is staring at a ‘lost decade’ that will make decarbonisation impossible and reduce carbon credits to the value of ‘junk bonds’ unless politicians back a carbon market reform package, says the head of Europe’s electricity industry association.


Last week, MPs on the European parliament’s industry committee rejected a proposal to firm up carbon prices by withholding – or ‘backloading’ – 900 million EU allowances from the 2020 auctioning period.



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Related Topics:   Carbon Credits Carbon prices Emissions trading Energy Market advice

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International
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EU seeks 'fair competition' with China on green energy

Today 11:00am

The European Union is seeking "fair competition" with China and not a race to the bottom in wages and environmental standards, the bloc's vice president for the clean transition told AFP in Beijing on Monday.

Germany's wind power expansion picks up, but targets still missed, says lobby

Today 11:00am

Germany's onshore wind power sector recorded its strongest half-year since 2017, but the expansion still falls short of the legally mandated targets, the BWE wind power lobby said on Tuesday.

Why flash floods like those in Texas and New York are becoming more common

Today 11:00am

Storms sweeping through the U.S. this summer have dumped intense rain on cities across the country, left towns flood-ravaged and forced water rescues.

Activists sue US development bank over $4.6bn loan to massive Mozambique gas project

Today 11:00am

Environmental groups claim loan is ‘unlawful’ in legal filing.

Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns

Today 11:00am

Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.

Amid stifling summers Japan warns of future restrictions on children’s sport

Today 11:00am

As soon as 2060, global heating may send temperatures high enough to stop children in most parts of country from taking part in outdoor summer sports, study shows.

Prime Minister Christopher Luxon greets schoolchildren

‘Ideological sludge’: How NZ is quiet quitting climate action

Thu 17 Jul 2025

New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.

Rio Tinto urges Albanese govt to reimpose carbon tax, boost green energy subsidies

Thu 17 Jul 2025

The mining giant has used it’s submission to the Productivity Commission ahead of the Albanese government’s economic roundtable to lobby for the re-imposition of a carbon pricing scheme and bolstered green energy subsidies.

New global report calls for urgent action to save wetlands

Thu 17 Jul 2025

A major new report released July 15th warns that wetlands, among the world’s most valuable yet most threatened ecosystems, are vanishing faster than any other natural system. However, it also offers a clear and hopeful road map for reversing the trend.

Climate groups want UK wealth tax to make super-rich fund sustainable economy

Thu 17 Jul 2025

Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.

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