European Union

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

Industry report warns of job losses and economic strife across EU if Brussels imposes levies

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

Bloomberg New Energy Finance's Nico Tyabji runs the rule over the latest flurry of clean tech trade scuffles, and warns plenty more is to come

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

Connie Hedegaard hails commitment to focus 20 per cent of spending on climate, but campaigners warn lack of reforms may undermine Brussels' green efforts

From next month companies will have to ensure they only sell wood that has been legally logged from known sources

Wide-ranging reforms approved by MEPs, paving way for new sustainable fisheries policy