Jos Delbeke News
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The International Air Transport Association may propose measures to cut emissions from airlines, a step that could help a global deal on tackling pollution by the industry, a senior European Union official said.
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The European Union’s regulatory arm reiterated it doesn’t have to start selling 100 million carbon permits from a special reserve soon, as proceeds from the sales need to be awarded to clean-energy projects only by mid-2014.
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European Union carbon permits for December rose to the highest for three weeks after a senior EU climate official said the bloc was considering linking the supply of allowances to the region’s economic performance.
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The European Union’s regulator is considering tools to link the supply of carbon permits with the bloc’s economic performance, according to Jos Delbeke, director general for climate at the European Commission.
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Carbon permits advanced to the highest in three days after Jos Delbeke, director general for climate at the European Commission, said a decision on a supply fix could be possible in the second half of the year.
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Europe’s program to halt climate change is in disarray, with lawmakers in the region expressing concern the drift is undermining the planet’s most significant effort to combat global warming.
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The possible expiration of the Kyoto Protocol in 2012 would mean “very little” for carbon markets because they are driven by national targets, a senior European Union official said.
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Investors in the European Union emissions trading system may be overconcentrating on the short- term perspective, said Jos Delbeke, director general for climate at the European Commission. He made the comments at a conference organized by Eurelectric in Brussels today:
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The European Union’s emissions trading system may have a surplus of 500 million metric tons in the current trading period from 2008 to 2012, said Jos Delbeke, director general for climate at the European Commission.
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China and other emerging nations are engaged in “encouraging” efforts to curb greenhouse gases, while the U.S. is blocking prospects for a global agreement, according to a European Union climate official.
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