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EU "Surgical" Carbon Border Tax Proposed (Int'l. Report)
European Commission
Date: 2021-02-17
In Brussels, the European Commission (EC) will reportedly propose a highly targeted carbon border adjustment mechanism (CBAM) this year that will focus on imports from countries that are not acting to reach climate neutrality by mid-century, according to green deal chief Frans Timmermans.

As previously reported, Russian Security Council Deputy Chairman Dmitry Medvedev has called for a EU carbon border tax to comply with international agreements on climate. "If the tax is imposed, there should definitely be an effort to keep it in compliance with the EU framework convention on climate and Paris Climate Agreement. We have to hold bilateral talks on this with the EU and via dedicated international platforms, such as the WTO, the agencies that deal with climate change and relevant conventions," Medvedev noted while speaking at a meeting on the potential impact of the tax on Russia.

The EC proposed climate legislation requiring the EU to become climate-neutral by 2050 as part of the European Green Deal. This follows the December 2019 EC decision to endorse the 2050 climate-neutrality objective. On 17 September, the Commission amended its proposal to incorporate a new 2030 emissions reduction target. (Source: EC, PR, Feb., 2021) Contact: EU, www.europa.eu; European Commission, ec.europa.eu

More Low-Carbon Energy News European Green Deal,  European Commission,  Carbon Tax,  Border Carbon Tax,  Frans Timmermans,  


EU Calls for Stiffened GHG Emissions Reduction Target (Int'l. Report)
EU,European Commission
Date: 2020-10-05
On Monday, the European Union (EU) Committee on Environment, Public Health and Food Safety Executive VP Frans Timmermans presented the EC plan to reduce EU greenhouse gas emissions by at least 55 pct by 2030 compared to 1990 levels.

Timmermans noted that although GHG emissions are not currently falling fast enough he underlined that becoming carbon neutral is both feasible and beneficial for the EU. He called for the European Parliament (EP) to confirm the proposed 55 pct 2030-target as the EU's new Nationally Determined Contribution under the Paris Climate Agreement, and to submit this to the UNFCCC by the end of this year. The EP is expected to vote next week on the EU Climate Law, which calls for 60 pct emission reductions in 2030. Timmermans also noted the EC would come up with proposals by June 2021 to revise key EU legislation such as the EU Emissions Trading System (EU ETS), energy efficiency and renewable energy policies and strengthening CO2 standards for road vehicles to enable the EU to reach a more ambitious target.

As previously reported this past March, the EC proposed climate legislation requiring the EU to become climate-neutral by 2050 as part of the European Green Deal. This follows the December 2019 EC decision to endorse the 2050 climate-neutrality objective. On 17 September, the Commission amended its proposal to incorporate a new 2030 emissions reduction target. (Source: European Commissions, PR, EU News Room, Oct., 2020) Contact: EU, www.europa.eu

More Low-Carbon Energy News Carbon Emissions,  Carbon Neutral,  European Commissions,  EU ETS,  Climate Change,  


Sweden Extends Biogas/Biofuels Carbon Tax Exemptions (Int'l.)
EC
Date: 2020-07-01
In Brussels, the European Commission (EC) has approved Sweden's 10-year carbon CO2 tax exemption extension for non-food based biogas used in heat generation and transportation fuel .

In its ruling, the EC noted the exemptions were "necessary and well-suited to stimulate production and consumption of domestic and imported biogas and bio-propane without distorting market competition." single market (Source: European Commission, EU Observer, Argus, 30 June, 2020) Contact: European Commission, Ursula von der Leyen, Pres., Frans Timmermans, Climate Chief, www.ec.europa.eu/commission/commissioners/2019-2024/timmermans_en, www.ec.europa.eu

More Low-Carbon Energy News Carbon Tax,  European Commission ,  


EC to Release Broad Bioenergy, Woody Biomass Strategy (Int'l.)
EC,EU,Woody Biomass
Date: 2020-05-20
The European Commission (EC) reports it plans to "push a transformative approach to all forms of bioenergy -- including biofuels and woody biomass -- as part of a biodiversity strategy aimed at continuously assessing biomass supply and demand at EU and global level in order to "ensure that EU biomass-related policies are sustainable." The draft strategy plan, which includes the use of forest biomass for energy production, is expected to be released today, 20 May.

That strategy is expected to focus on the conservation of old-growth forests, which are considered the most valuable for biodiversity and climate protection. Under the strategy, at least 10 pct of land will have to be protected.

The EU's biodiversity strategy will not become legislation legislation until 2021, when the Commission revises key EU laws, such as the EU's Renewable Energy Directive, and the Regulation on land use, land-use change and forestry (LULUCF). (Source: European Commission, EURACTIV, 18 May, 2020) Contact: EC, Frans Timmermans, Climate Chief, www.ec.europa.eu/commission/commissioners/2019-2024/timmermans_en

More Low-Carbon Energy News European Commission,  Forest Biomass,  Woody Biomass,  Biofuel,  Bioenergy,  

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