Emissions Trading Scheme

Price volatility and credits coming onto the market driving high number of trades, but confidence in Clean Development Mechanism is ebbing away

Shell climate change adviser says Commission should be more 'heavy handed' with industry to scale up carbon capture and storage technology

Study argues retirement of carbon allowances and formation of new management body critical to restore carbon market’s credibility

CO2 permits for 2013 clear $2.91 above floor price, as EU committee again discusses propping up ailing Emissions Trading System

Analysts warn failed auctions are creating a vicious cycle which pushes prices down further

Price of allowances drops to just over €4 as commissioners meet to discuss potential 2030 climate targets

Decision paves way for full Parliament to vote on proposal to withhold 900 million credits from auction

Analysts expect committee to support plan to withhold permits from auction, but ongoing policy uncertainty means a boost for carbon prices remains unlikely

More than 30 companies urge MEPs to approve plan to boost prices in the EU emissions trading scheme ahead of key vote

Guy Newey argues that if the EU is as serious as it says about climate change then it has to correct the flaws in the bloc's emissions trading scheme