Cement News tagged under: emissions trading

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EU Climate Change Committee includes cement on carbon leakage list

08 September 2014, Published under Cement News

The cement sector has been included on the EU Climate Change Committee's approved list of sectors deemed to be at risk of carbon leakage, a move welcomed by European cement association, Cembureau. "The measure will provide stability and legal certainty at least for the 2014-2019 period for the cement industry," said Cembureau in a statement. The list will be used in the free allocation of allowances for the 2015-19 period and will thus provide regulatory predictability for the remainder o...

Guangdong to launch carbon permits market

29 November 2013, Published under Cement News

Guangdong, a heavily industrialised province in China, plans to launch a carbon emission trading scheme next month, which will be the world's second largest after the EU. The scheme to be launched in Guangdong, China's most populous province, will cap CO2 emissions from 202 companies at 350Mt for this year, the provincial Development and Reform Commission said on its website. At total of 97 percent of the permits will be handed out free on December 10, but the local government will also...

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 ...

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...

IETA urges reform of EU ETS caps to restore confidence

30 March 2012, Published under Cement News

The International Emissions Trading Association (IETA) has called for a reform of the EU Emissions Trading Scheme (ETS) to change the cap trajectory as well as to review the cap setting process. In a press release, the organisation confirmed its support for the EU ETS but said that fragmented EU and national policies are undermining its price signal. Moreover, according to IETA: “The current extraordinary economic situation is amplifying this effect. This has led to the false impression o...