European Union governments will hold further discussions in June about a proposal to make supply in the world’s biggest carbon market more flexible, according to two people with direct knowledge of the matter.
The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said.
The European Union should consider granting more free carbon allowances to most efficient energy- intensive companies and exclude such permits from trading, according to the EU steel industry lobby Eurofer.
U.K. Chancellor of the Exchequer George Osborne froze a tax on carbon emissions from electricity generation starting in April 2016 as part of a 7 billion-pound ($12 billion) plan to cut consumer energy bills.
Germany has urged nine airlines in China, Russia, the U.S., Egypt, Switzerland and Moldova to comply with European Union emissions-trading rules or face the threat of sanctions, two German government officials said.