The EU emissions trading system (EU ETS) is a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively. Find out how it does so http://ec.europa.eu/clima/policies/ets
Views: 54503 European Commission
Take 4 minutes to understand how does the European Union carbon emissions trading scheme work.
Views: 17586 ademe
Fabien Roques, professor at University Paris Dauphine and senior vice president at Compass Lexecon, describes the European Union Emission Trading Scheme and its evolution since its inception in 2005 (GHG covered, countries and sectors involved, prices, etc.). The significant oversupply emerged since 2009-10 led to a reform of the scheme, first with the introduction of back-loading and then with the establishment of a market stability reserve.
Views: 950 Florence School of Regulation
With the U.S. backing away from a cap-and-trade system, the EU Emissions Trading System (ETS) stands as a solitary, iconic, and often-criticized outpost for market-based approaches for limiting green house gas emissions. A. Denny Ellerman evaluates the performance and prospects of the EU ETS and consider whether it, and the global trading vision embodied in the Kyoto Protocol, is at a dead end or, despite all the difficulties, is still the way to an effective global climate policy. [10/2011] [Public Affairs] [Show ID: 22632]
Views: 1724 University of California Television (UCTV)
Emission trading scheme (EU ETS) is Europe's effort to develop a market based solution to reduce emission of greenhouse gases that are cited to be major cause for global warming. The jury is still out there on whether the scheme has been a success or not, but certainly the volume of trading in carbon credits have exploded in recent years
Views: 860 TheMiddleGround
Introduced eight years ago, the carbon emissions trading scheme in Europe is now faltering. The price of carbon permits has plummeted. Made in Germany explains how emissions trading works. Read more: http://www.dw.de/program/made-in-germany/s-3066-9798
Views: 4268 DW News
You want to dive deep into the world of finance and management? Visit us: http://www.frankfurt-school.de/en/home/programmes.html?utm_source=youtube&utm_medium=ACQUISITION Burning fossil fuels like coal, oil or natural gas moves cars, produces electricity or heat. Unfortunately, it also generates carbon dioxide emissions, and drives climate change. The European Union has decided to strongly reduce emissions. Obviously this should be done at the lowest costs to the firms and the people. That is where the Emissions Trading comes into play: The European Union fixes a carbon emissions target, then divides it into allowances, that each allow to emit one ton of CO2. These are now distributed to the firms. Now, for every ton of emissions, the firm needs to turn in one allowance. If it needs more or less, it can buy or sell them. So there will be a market for allowances. A firm will now think twice before it emits carbon dioxide: - If it is cheaper to avoid a ton of emissions and sell an allowance then the firm will do that. - But also: The firm may choose to emit more and just buy an allowance if that increases profit. Therefore, the firms will end up in a situation where they all face the same costs if they would want to avoid an additional ton of CO2. That means: The cheap abatement options are used – and at the same time no firm is forced to use particularly expensive ways to reduce emissions as it can always buy allowances. In other words: the economy has reached the emissions target in the cheapest way.
Views: 21235 Frankfurt School of Finance & Management
The European Union’s Emissions Trading Scheme (EU ETS) is designed to reduce greenhouse gas emissions in Europe in a cost-effective manner. It is based on the cap-and-trade approach where a carbon market is created on which emission allowances are auctioned. Although today auctioning does not cover the totality of the emission allowances in the EU, it represents the main allocation principle. To create the carbon market and allow auctioning to happen, the European legislators have put in place a system classically involving an auction platform, a monitoring, reporting and verification system, as well as rules regarding transparency and market abuse. This system results in a carbon price which is key to the current structure of the EU climate and energy policy and is a matter of interest for a series of stakeholders. The course will look into the structure and functioning of auctioning under the EU ETS and bring some practical perspectives based on experience before reflecting on the expected evolution of the system.
Views: 552 Leonardo ENERGY
The European Parliament voted in favour of tightening the EU's Emissions Trading System by reducing the number of carbon permits on the market . Since big industries will still get permits for free, green NGOs say that the reduction will not be big enough to meet the Paris targets. Get more details and find the other language editions of this news video at http://euranetplus-inside.eu/eu-fails-in-boosting-flawed-emissions-system/ Guests and interviewees: - Sam Van den plas, Climate Policy Officer, WWF - Christofer Fjellner, member of the European Parliament, centre-right Presenter: - Andreas Liljeheden, Euranet Plus News Agency ------------------------------- Get more videos of our NOW! (News of the Week) series at https://www.youtube.com/playlist?list=PLtSpQPcNddwEhZAXPoSE3m7SaCOdT5aGM Subscribe to our channel at https://www.youtube.com/user/EuranetPlus
Views: 161 Euranet Plus - Official
The EU's emissions trading system is meant to discourage industries from emitting CO2 by making it cheaper to go green. But some modifications were made necessary by the financial crisis. Comment on: Google + http://tinyurl.com/orh99s6 Facebook http://www.facebook.com/europeanparliament Twitter https://twitter.com/Europarl_EN EuroparlTV video ID: c784dbeb-8ddd-4ae5-8baf-a55300a7c9c7
Views: 1410 European Parliament
Report by Raymond Frenken, EUX.TV Script: First, there was ClimateGate - the scandal with hacked emails suggesting scientists have abused data for research on global warming. Now, another international climate scandal is emerging that may have an impact on the talks in Copenhagen. Europes top police body Europol, the closest thing that European Union has to the American Fbi, has exposed a massive fraud with the unions official market in carbon credits, the Emission Trading System. The fraud is costing tax payers in a handful of European countries more than five billion euro - 7 billion dollars - and raises doubts about the effectiveness of carbon trading as a measure to curb emissions. Europol director Rob Wainwright issued the following statement: These criminal activities endanger the credibility of the European Union Emission Trading System and lead to the loss of significant tax revenue for governments. Police authorities in Belgium, Denmark, France, the Netherlands, Spain and the United Kingdom have worked together in what Europol calls a process to identify and disrupt the organised criminal structures behind these fraud schemes. Lets see if we can explain the scheme, using this graphic provided by Europol. The fraud is based on a what is tax experts and investigators call as a Carroussel fraud with missing traders. This carroussel generates money by stealing value added tax from governments. The first step of the criminals is to open a trading account with a national carbon registry, in the name of a newly registered company. From there, this company buys EU emission allowances in another country on one of the six official carbon exchanges in Europe. After that, these emission allowances are moved to another country, and subsequently sold to an unregulated broker in yet another country. This broker then charges VAT on these transactions but does not pay the collected VAT to the tax authorities. Just before the tax authorities realize that this company owes them huge amounts of VAT, basically a period of a few months, the company and its owners disappear. A new company is set up, using other front men, to repeat the carroussel. Crime rings that run such schemes can have several dozen or hundreds of companies whose real owners are difficult to trace. Basically, this type of fraud is possible because European countries continue to disagree on single market tax legislation. Carroussel fraud is a constant feature in the European cross-border market and until recently only happened with shipments of valuable goods such as iPods or flat-panel tvs, not with carbon credits. Europes tax commissioner, in an interview with EUX.TV, has estimated the damage from these carroussel frauds at more than 60 billion euro per year as Euroean finance minister continue to disagree on effective measures to fight this fraud. The Emission Trading System system was set up in 2005 as part of Europes efforts to curb emissions of greenhouse gases. That topic now is at the top of the agenda at the UN Climate summit in Copenhagen this week and next. This unprecedented and massive fraud is likely to prove a major embarrasment for EU negotiators.
Views: 30362 EURACTIV
http://www.iiea.com/blogosphere/the-eu-emissions-trading-scheme-explained The EU Emissions Trading Scheme is currently in turmoil, as carbon prices continue to fluctuate due to oversupply in the market. A vote by the European Parliament's ITRE Committee to reject the European Commission's plan to bloster the market sent prices tumbling below €3/tonne in January but ENVI, the lead Parliament Committee voted on Tuesday, 19 January 2013, to support the European Commission's plan to backload allowances. Nevertheless, prices fell by 20% following the vote, given persistant doubts that that enough political will exists to rescue the ailing market. This video explains how the EU ETS works and forms part of the Environment Nexus project that can be found here http://www.iiea.com/environmentnexus
Views: 12039 IIEA1
In July 2015, the European Commission proposed a reform of the EU emissions trading system (ETS) for the 2021-2030 period. The proposed directive introduces tighter limits on greenhouse gas (GHG) emissions to achieve the EU's 2030 climate targets, while protecting energy-intensive industries from the risk of 'carbon leakage'. The Parliament is expected to vote on it during the February II session. See the paper publication behind this podcast: http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_ATA(2017)599245 Subscribe to EPRS Plenary Podcasts: http://www.europarl.europa.eu/rss/en/audio-podcasts.html
Views: 120 European Parliamentary Research Service
See more videos at: http://talkboard.com.au/ In this video, we look at the basic role of an emissions trading scheme. We consider the role of a CPRS in limiting carbon emissions. The emissions trading scheme has been implemented in many countries around the globe. We want to consider the effectiveness of emissions trading, and an emissions trading scheme. We also look at what impact an emissions trading scheme and emissions trading has on market demand and supply.
Views: 1287 talkboard.com.au
The impact of the European Union emissions trading system on carbon emissions and economic performance Antoine Dechezleprêtre, OECD and London School of Economics FSR CLIMATE ANNUAL CONFERENCE 30 November - 1 December 2017 Organised by FSR Climate, Robert Schuman Centre for Advanced Studies, European University Institute http://fsr.eui.eu/event/fsr-climate-annual-conference-2017/ The 2017 Annual Conference on the Economic Assessment of European Climate Policies took place at the European University Institute in Florence on 30 November- 1 December 2017. The conference covered the main climate-related existing policies, at EU, national and subnational levels and included four plenary sessions on Energy efficiency, Renewable policies, Environmental taxation and EU ETS.
Views: 447 Florence School of Regulation
European Commission production: "The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today. The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way. The video report shows: Factories and sources of CO2 emissions Renewable energies' systems ABN-Amro trading floor Pernis' Shell oil refinery (Europe's biggest oil refinery) DSM chemical plant Interviews with key figures including: Tomas Wyns, Climate Action Network Europe Jos Delbeke, Director for Climate Change & Air, DG Environment, European Commission Sara Ståhl, European Climate Exchange Gerhard Mulder, ABN-Amro Annemarie van der Rest, Shell Marc van Doorn, DSM Julia Williams-Jacobse, Dutch Environment Ministry Dr. Bert Metz, Intergovernmental Panel on Climate Change."
Views: 38913 EURACTIV
Blog post 'Backloading -- An ineffective economic measure for a good political reason?' http://www.bruegel.org/nc/blog/detail/article/1113-backloading-an-ineffective-economic-measure-for-a-good-political-reason/ Following a vote by the European Parliament to boost the price of allowances on the EU's carbon market, Georg Zachmann analyses the debate surrounding the Emmission Trading System (ETS) as a whole. Zachmann believes that "backloading," or witholding the allowances to fight their falling price, is part of a politically charged debate with little economic meaning. The true focus should be put in restoring faith in the ETS as a way for the EU to reach its decarbonisation goals. Decarbonisation is no 100 metre race http://www.bruegel.org/nc/blog/detail/article/943-decarbonisation-is-no-100-metre-race/ You'd better bet on the ETS http://www.bruegel.org/publications/publication-detail/publication/775-youd-better-bet-on-the-ets/ Visit http://www.bruegel.org for more videos, publications and blog posts on global and European economic policy.
Views: 228 Bruegel
Europe's Emissions Trading Scheme is about to get a major reboot. Carbon prices are expected to rise, with significant implications for the power industry and other carbon-intensive industrial sectors. But will the new revamped system really work? S&P Global Platts senior carbon market analyst Frank Watson and Energy Economist managing editor Ross McCracken take a look at the ETS 2.0 to see if this time round, it really will deliver. * EU ETS CO2 emissions and annual cap vs EUA price * Thermal squeeze: power generation in the EU (TWh) * EUA price forecast tracker --------------------------------------- Subscribe for more #PlattsCP updates: http://plts.co/cgEW30f5ICp --------------------------------------- Keep up to date with all the latest S&P Global Platts emissions news and analysis at @PlattsPower and by using the hashtag #PlattsCP --------------------------------------- You can also follow all our latest updates via: --------------------------------------- Website: http://plts.co/5NHK30e3RTG Facebook: http://plts.co/1Vce30e3RV4 Twitter: http://plts.co/mKuB30hIhCK LinkedIn: http://plts.co/iLol30e3RXA
Views: 507 S&P Global Platts
Introduction to panel discussion on Brexiting the Energy Union, 19 April 2017, European Policy Centre, Brussels Read more: https://blogs.sussex.ac.uk/uktpo/2016/12/20/etsexit-uk-would-be-unwise-to-leave-eu-emissions-market/
Views: 70 ClimateEconomics
Mark Lewis - Carbon Tracker's Head of Research explains the key findings of his series of 2018 reports on EU carbon markets and how the new Market Stability Reform that will start in Jan 2019 can help us get towards a 2030 CO2 emission cap consistent with the Paris Agreement. Download the reports here: Carbon Clampdown (Apr 2018): https://www.carbontracker.org/reports/carbon-clampdown/ Carbon Countdown (Aug 2018): https://www.carbontracker.org/reports/carbon-countdown/ The Carbon Tracker Initiative is a non-proﬁt organisation working to align the capital markets with the climate change policy agenda. Carbon Tracker are applying our thinking on carbon budgets and stranded assets across geographies and assets classes to inform investor thinking and the regulation of capital markets.
Views: 318 Carbon Tracker Initiative
More information: http://fsr.eui.eu/event/trust-in-the-single-market-the-case-of-the-eu-emissions-trading-system/ 11.30 – 13.00 – Trust in the Single Market? The case of the EU Emissions Trading System
Views: 245 European University Institute
What is EMISSIONS TRADING? What does EMISSIONS TRADING mean? EMISSIONS TRADING meaning - EMISSIONS TRADING definition - EMISSIONS TRADING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Emissions trading or cap and trade is a government-mandated, market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants. Various countries, states and groups of companies have adopted such trading systems, notably for mitigating climate change. A central authority (usually a governmental body) allocates or sells a limited number of permits to discharge specific quantities of a specific pollutant per time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Financial derivatives of permits can also be traded on secondary markets. In theory, polluters who can reduce emissions most cheaply will do so, achieving the emission reduction at the lowest cost to society. Cap and trade is meant to provide the private sector with the flexibility required to reduce emissions while stimulating technological innovation and economic growth. There are active trading programs in several air pollutants. For greenhouse gases, which may cause dangerous climate change, permit units are often called carbon credits. The largest greenhouse gases trading program is the European Union Emission Trading Scheme, which trades primarily in European Union Allowances (EUAs); the Californian scheme trades in California Carbon Allowances, the New Zealand scheme in New Zealand Units and the Australian scheme in Australian Units. The United States has a national market to reduce acid rain and several regional markets in nitrogen oxides.
Views: 279 The Audiopedia
Emission trading scheme? Cap and trade? What do these words mean? And how does it all contribute to reduced emissions of greenhouse gases? This animation shows how the scheme works. European Environment Agency, Kongens Nytorv 6, DK - 1050 Copenhagen K, Denmark Phone: +45 3336 7100 The London News Licence: The European Environment Agency (EEA) is an agency of the European Union.
Views: 22828 TheLondonNews
EU Emission Trading Scheme by A. Denny Ellerman October 2012 Florence School of Regulation interviews leading experts of the European energy world on hot energy topics at the beginning of each month. http://fsr.eui.eu Interviewer: Magdalena Mos, FSR Training Coordinator
Views: 776 Florence School of Regulation
About the Speech: This seminar focused on the future of the ailing EU Emissions Trading Scheme and proposals for reform. A draft proposal to revive the EU-ETS was announced by EU Climate Action Commissioner, Connie Hedegaard, in July and is currently the subject of intense debate. The proposal aims to address the major oversupply of emissions allowances in the ETS system in the short-term, which has led to weak carbon prices. The bigger question of how credibility will be restored in the market over the longer-term remains unanswered, however, with a report on structural reform due in the coming months. In this context, Dr. Barbara Buchner, Director of Climate Policy Initiative Europe, and Prof. Frank Convery, Professor Emeritus at UCD, considered the future of the EU-ETS. Sanjeev Kumar of E3G -- Third Generation Environmentalism -- and Dr. Neil Walker of IBEC, then discussed the political and industry responses. This event is kindly sponsored by Shell. Sanjeev Kumar is a Senior Associate at E3G's Brussels Office. His works focuses on European climate and energy policy with particular emphasis on the design of carbon markets and driving low carbon infrastructure. Prior to joining E3G, Sanjeev spent three years with the Brussels office of the environmental organisation WWF where he coordinated their high-profile campaign on the reform of the EU Emissions Trading Scheme. He spent 7 years in the UK with the Royal Charter professional body The Energy Institute where he was responsible for constructing professional development services for energy experts and products to support energy companies.
Views: 378 IIEA1
Patrick Birley, CEO, European Climate Exchange. www.advantagefutures.com @FuturesNews [email protected]
Views: 1127 AdvantageFutures
Steel and the European Union Emissions Trading System The steel industry is one of the most vital sectors for the European economy. As the EU begins the procedure to reform the Emissions Trading System, this EUROFER video explores how this strategic sector will be affected by the changes.
Views: 1073 EUROFER
Origins of the EU ETS
Views: 79 Leonardo ENERGY
http://www.ukipmeps.org | http://www.ukip.org • European Parliament, Brussels, 16 September 2015 • David COBURN MEP, UK Independence Party (Scotland), Europe of Freedom and Direct Democracy (EFDD) group - @DavidCoburnUkip • Debate: Decision adopted on 15 July 2015 on the energy summer package Commission statement [2015/2736(RSP)] .................... • Video: EbS (European Parliament) .................................. • EU Member States: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
Views: 308 UKIP MEPs
Alberto Pototschnig (Director of ACER & FSR Policy Advisor) and Simone Borghesi (Director of FSR Climate) discuss the reform of the EU Emission Trading Scheme (ETS) for the period beyond 2020. This video, recorded at the FSR Policy Workshop ‘The Reform of the EU ETS and its Implications for the Energy Markets’ (23 February 2018), provides insight into the main questions addressed during the event’s discussion. http://fsr.eui.eu/event/reform-eu-ets-implications-energy-markets/ For example, Why did we need a reform of the EU ETS? What are the building blocks of this reform? What implications is it likely to have on EUA prices and on the energy sector? How can it affect investors’ expectations? To learn more…watch the recording! More on FSR Energy & Climate. http://fsr.eui.eu/energy/ http://fsr.eui.eu/climate/
Views: 325 Florence School of Regulation
The Senate Committee on Commerce, Science, and Transportation held a hearing on the European Union (EU) Emissions Trading System (ETS). This hearing examined issues associated with the inclusion of the airline sector in the ETS, a program that caps greenhouse gas emissions (GHG) for certain industries in the EU, and its potential impact on U.S. air carrier operations.
Views: 290 SenateCommercePress
In another push to reach its goal of at least 40% reduction in greenhouse gas emissions by 2030, the European Union is working on new reforms to its pioneering emissions trading scheme. Press release: http://www.europarl.europa.eu/news/en/press-room/20180202IPR97023/climate-meps-pass-law-to-cut-co2-emissions-and-fund-low-carbon-innovation Find out more on our website: http://www.europarl.europa.eu/unitedkingdom/ Like us on Facebook: https://www.facebook.com/EPIOUK/ Follow us on Twitter: https://twitter.com/EPinUK Follow us on Instagram: https://www.instagram.com/epiouk/
Views: 143 EPinUK
Denny Ellerman (MIT's Sloan School of Management) talks about "The EU Emissions Trading Scheme: a Prototype Global System?" at the Executive Seminar Series of the Academy of Global Governance, at the Robert Schuman Center for Advance Studies, Florence, 18-22 October 2010.
Views: 547 globalgovernanceprog
We're seeking expert opinions to the question: What impact did COP17 in Durban have on carbon prices? Comment here, Direct Message us, or join our discussion at: http://www.commentvisions.com/2012/02/29/blog/seeking-expert-opinions-for-emissions-trading-discussion-on-commentvisions/ The above video were the highlights of the Comment:Visions live debate on 7 February, 2012. The EU's emissions trading scheme (ETS), which was launched in 2005, is central to the European Union's efforts to reduce greenhouse gas emissions. It provides a marketplace for buying and selling emissions trading rights. By setting a price for CO2 emissions, the scheme is intended to establish the most cost-effective way of lowering emissions and encouraging investment in low carbon technologies.
Views: 469 CommentVisions
The Edinburgh University Low Carbon society brings you a panel discussion on the future of the EU ETS. The following speakers give their views and discuss what lies ahead for emissions trading in Europe: Ian Duncan MEP - Conservative MEP for Scotland and lead negotiator on reforms to Europe's Emissions Trading System (ETS) http://www.ianduncan.org.uk Professor Stuart Haszeldine - SCCS Director and Professor of Carbon Capture & Storage, University of Edinburgh http://www.ed.ac.uk/geosciences/people?indv=470 Dr Annalisa Savaresi - Lecturer and researcher in Environmental Law at Stirling University with focuses on climate change, biodiversity, forestry, renewable energy and the interplay between environmental and human rights law https://www.stir.ac.uk/cehp/people/drannalisasavaresi/ Chair: Jonathan Scafidi - President and Founder of the Low Carbon Society (LCS) and Carbon Capture and Storage MSc Student https://www.linkedin.com/in/jscafidi/ Camera & Editing: Nariman Saghatchi - LCS Media Secretary https://www.linkedin.com/in/saghatchin/ Camera: Kai Libby - LCS Treasurer https://www.linkedin.com/in/kai-libby-b1533148/ Promotion: Kirsten Leggatt - LCS Secretary https://www.linkedin.com/in/kirsten-leggatt-b42499122/ Follow the Low Carbon Society for news and events: https://twitter.com/locarbsoc https://www.facebook.com/locarbsoc/ https://s1669173.wixsite.com/locarbsoc
About the Speech: This seminar focused on the future of the ailing EU Emissions Trading Scheme and proposals for reform. A draft proposal to revive the EU-ETS was announced by EU Climate Action Commissioner, Connie Hedegaard, in July and is currently the subject of intense debate. The proposal aims to address the major oversupply of emissions allowances in the ETS system in the short-term, which has led to weak carbon prices. The bigger question of how credibility will be restored in the market over the longer-term remains unanswered, however, with a report on structural reform due in the coming months. In this context, Dr. Barbara Buchner, Director of Climate Policy Initiative Europe, and Prof. Frank Convery, Professor Emeritus at UCD, considered the future of the EU-ETS. Sanjeev Kumar of E3G -- Third Generation Environmentalism -- and Dr. Neil Walker of IBEC, then discussed the political and industry responses. This event is kindly sponsored by Shell. About the Speaker: Frank Convery is Professor Emeritus at UCD and a renowned environmental economist. A leading authority on the EU-ETS, he co-authored (with Danny Ellerman and Christian de Perthuis) Pricing Carbon: the European Union Emissions Trading Scheme (2011). He is a former Chairman of Comhar (the Sustainable Development Council) and is President of the European Association of Environmental and Resource Economists.
Views: 377 IIEA1
The EU has announced a one-year suspension of plans to expand its Emissions Trading Scheme (ETS) to flights in and out of EU airports following threats of retaliation from other nations. Currently only flights within the 27-country bloc union are required to pay the levy on each tonne of CO2 emitted. This animation explains the ETS.
Views: 241 News Direct
China's economic planner, the National Development and Reform Commission, recently launched a carbon emissions trading system. Under this mechanism, companies can trade carbon emission permits like they are commodities, in the hope that it will reduce carbon emissions. Under the Paris Agreement, China has promised to cut carbon emissions by 60 to 65 percent per unit of GDP by 2030, compared with 2005 levels. In the meantime, it would boost its use of non-fossil fuels, making them account for 20 percent of China's energy consumption. While other countries' carbon markets struggled, can China's system buck the trend? Wu Changhua, China/Asia Director, Office of Jeremy Rifkin, and former Greater China Director of the Climate Group; Michael K. Dorsey, co-founder and vice president of Strategy-US Climate Plan; and Isabel Hilton, CEO and Editor of chinadialogue.net, share their views. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 842 CGTN
For more information: http://fsr.eui.eu/training/energy/eu-emissions-trading-system/ The EU ETS is the cornerstone of the EU’s climate policy as well as still today the largest emissions trading scheme in the world. Launched in 2005, the EU ETS regulates greenhouse gas (GHG) emissions from more than 11,000 heavy energy-using and power generating installations and airlines, covering about 45% of the EU’s total GHG emissions. 31 countries participate in the scheme: the 28 EU Member States plus Lichtenstein, Norway and Iceland. Though it can be of use to any EU ETS stakeholder, this online training course aims to provide policy makers in the first place with a comprehensive analysis of the functioning of the European carbon market and of its performance. The course is free of charge, and is part of the LIFE SIDE project. Co-funded by the EU’ LIFE Programme , the project supports European policy makers with the design and implementation of the EU ETS legislation.
Views: 160 Florence School of Regulation
http://www.euronews.com/ MEPs on Tuesday called on EU member states to stem the collapse of the bloc's Emissions Trading System. The European Parliament's environment committee voted by 38-25 in favour of an amendment to the ETS to freeze the auction of some pollution allowances. A top German lawmaker said reducing supply in the CO2 trading market would boost prices and that this was a better option than fresh taxes. "There is no alternative to the Emissions Trading System. Everyone that asks for carbon tax (should know) that is not really a good idea, because than we would have 27 different taxations systems," said Matthias Groote, the chairman of the EP's environment committee. The so-called ETS was set up in 2005 as a flagship EU policy to fight climate change. The goal is to slash CO2 emissions by 20 percent from their 1990 levels. But environmental campaigners want tougher targets. Julia Michalak of Climate Action Network Europe said EU decison makers should "increase this climate target to at least domestic emission reduction by 2020." "The first step can be cancellation of the backloaded allowances, followed by other measures," she said. Carbon prices have sunk to four to five euros per tonne in Europe after the market was flooded with too many allowances. All MEPs will vote on the planned changes in April's plenary session. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 178 euronews (in English)