The European Union plan to automatically adjust supply of carbon permits will start to be discussed by the region’s Parliament in September, according to the assembly’s environment committee chair Matthias Groote.
European Parliament lawmakers said that they have embarked on a “last attempt” to broker a deal with nations on a bank crisis law before May elections, as finance ministers prepare for talks on the plans next week.
The European Union should ensure that future climate and energy policies do not undermine the competitiveness of its industry, already weakened by a price gap with the U.S., the bloc’s member states said.
Euro-area banks face uncertainty over how much they’ll have to pay into a planned 55 billion-euro ($76 billion) fund for saving or shuttering lenders as lawmakers wrangle over the rules for contributions.
The European Union must ensure that its policies foster the growth of industry when it decides about new climate and energy goals for 2030, manufacturers including ArcelorMittal and RioTinto Alcan said.
Foreign airlines that failed to comply with emission curbs in the European Union’s cap-and-trade program must be forced to pay for their pollution, according to the Transport & Environment lobby group.