login required

This content is reserved to our members.  or register

Are you interested in joining ENEP? Get in touch. ENEP is an umbrella body for environmental professional bodies throughout Europe.

Individuals should contact the nearest national organisation. ENEP provides a range of services to national member organisations and individuals directly as part of your national professional membership fee. ENEP provides regular news and intelligence from Brussels on legislative, policy and funding developments in EU in the fields of environment, energy, innovation and internal market that affect the environmental professional on a day to day basis. Our website allows you to discuss issues with colleagues, register on our professional knowledge sharing platform, provides links with other professionals and institutions within the EU and disseminate pan European recruitment possibilities etc.

If you represent a national or regional environmental organisation and you would like to investigate your organisations affiliation to ENEP please do not hesitate contact us

Parliament approves measures to support carbon permit prices

The European Parliament has approved the “backloading” of CO2 permits. The plan freezes the auctioning of a portion of CO2 permits to boost their price and encourage firms to invest in low-carbon innovation. The measures, amended by the Parliament in July set stricter conditions for the freeze and are intended to restore the incentive effect of the Emissions Trading System, which is designed to curb CO2 emissions.

Under Parliament's amendment, already agreed with member states, the European Commission may, in exceptional circumstances, adapt the timing of auctions, provided an impact assessment shows that the sectors concerned will not face a significant risk of companies relocating outside the EU. The Commission will only be able to make one such adjustment, up until 2020, covering a maximum of 900 million allowances.

A growing surplus of emission allowances has occurred due to oversupply and the economic slowdown. This has seen the carbon price fall well below levels estimated when the ETS was created. The European Commission therefore proposed measures to enable it to “backload” – or delay - the timing of a portion of the credits to be auctioned.

The Council of Ministers is to vote on the legislation at its meeting on 16 and 17 December. The measures to correct the carbon market can then be implemented by the Commission under powers delegated to it. READ MORE

Issue 30