Cement News tagged under: EU ETS

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Report: EU-ETS carbon leakage difficult to determine

08 July 2014, Published under Cement News

A recent study by Vivid Economic and Ecofys entitled ‘Carbon leakage prospects under Phase III of the EU ETS and beyond’ has considered whether the EU ETS leads to carbon leakage and found that it is difficult to determine whether carbon leakage has occurred as a result of the emissions trading scheme. The report, with a focus on the UK in particular, also examines which sectors are affected and the factors that determine the rate of leakage. “Nevertheless, in terms of cement production, ...

The devil is in the detail

04 September 2013, Published under Cement News

This year sees the start of Phase III of the EU Emissions Trading Scheme, which will run until 2020. The best-practice benchmark set for CO2 emissions has generated plenty of discussion. Cement industry expert Phil Kerton looks at some of the detail. The EU Emissions Trading Scheme’s Phase III and its benchmarks have generated much debate Some recent discussions on internet forums have taken up the question of best-practice benchmarks, in particular the EU Emissions Trading Sche...

European Council authorises EU & Australia ETS link

19 June 2013, Published under Cement News

On 13 May 2013, the European Council adopted a decision authorising the European Commission to open negotiations regarding the linking of the EU Emissions Trading Scheme (EU ETS) with an emissions trading scheme in Australia. The step is a precursor to the linking up of the two ETSs by 1 July 2018 and follows the agreement reached between the Commission and Australia in August 2012 to establish a full two-way link between the EU ETS and the Australian ETS. Under the programme, businesses ...

ETS: 2013 distribution of free allowances postponed

06 February 2013, Published under Cement News

On 25 January 2013, the European Commission announced a delay in the distribution of free allowances to industrial installations participating in the EU Emissions Trading System (EU ETS), scheduled by the end of February 2013, reports Cembureau. According to an official statement, "the Commission aims to conclude the overall process as soon as possible in order to provide industrial installations and all other market participants with certainty". Cembureau points out that on 12 December 201...

EU ETS: 2011 cement update

19 September 2012, Published under Cement News

Cashing in on the lucrative EU emissions trading scheme has been a welcome safety net to many European cement producers during recent years of recession. However, the changes that will occur in Phase III of the scheme may see a drop in CO2 permit allocations by up to 15 per cent. Figure 1: share of EU surplus accumulated by company, 2008-11 Prices for permits for carbon dioxide (CO2) emission dropped by around 60 per cent in the 12 months up to mid-2012, at one stage passing be...

EU – Cement not eligible for state aid compensation for high power costs

25 June 2012, Published under Cement News

Based on the results of qualitative and quantitative assessment, the European Commission has decreed that the EU’s cement industry is not eligible for national support for industrial electricity costs under the EU Emissions Trading Scheme (ETS). “The European Commission has adopted a framework under which Member states may compensate some electro-intensive users, such as steel and aluminium producers, for part of the higher electricity costs expected to result from a change to the EU Emis...

First EU ETS report expected in June as carbon prices fall

08 May 2012, Published under Cement News

EU CO2 allowance (EUA) prices could fall below €5/t if the EU cannot agree on the set-aside proposal, according to Deutsche Bank analysts.  At the start of the month, prices fell to €6.14, with Members of the European Parliament calling for the EU to intervene and reduce the supply of carbon allowances. In addition, EU Energy Commissioner Gunther Oettinger announced that the European Commission needs to prepare a proposal to encourage investment and drive EUA prices up.  On 19 April, t...