EUROPEAN COMMISSION DAILY NEWS – 18 MAY

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EUROPEAN COMMISSION DAILY NEWS - 18 MAY
18 May 2015

EUROPEAN COMMISSION DAILY NEWS – 18 MAY

Brussels Daily

Emissions trading: 2014 data shows emissions reduction

Emissions of greenhouse gases from installations participating in the EU Emissions Trading System (EU ETS) are estimated to have decreased by about 4.5% last year, according to the information recorded in the Union Registry. European Commissioner responsible for Climate Action and Energy, Miguel Arias Cañete said: “Even while our economies are getting back in the growth track, emissions continue to decrease. This once again shows that economic growth and climate protection can go hand in hand. This sends a powerful signal ahead of the new global climate deal to be agreed in Paris this December: carbon markets deliver cost-effective reductions. At the same time, the recession continues to have a lasting impact on our carbon market. I therefore warmly welcome the ambitious political deal on the Market Stability Reserve agreed by the Parliament and the Council very recently.” Under the EU ETS, installations are required to submit their verified emissions data for each year to Member State registries. For 2014, this data became publicly available on the European Union Transaction Log (EUTL) on 1 April 2015. The EUTL displays compliance data from 4 May 2015, with information on whether installations have complied with their obligation to surrender an amount of allowances equal to the last year’s verified emissions. The press release is available here.

Announcements

Vice-President responsible for Energy Union, Maroš Šefčovič, launches Energy Union Tour

Vice-President Šefčovič, at the request of Commission President Jean-Claude Juncker, will launch on Monday 18 May the Energy Union Tour to the Member States, starting on 20 May in the Netherlands. Vice-President Šefčovič said: “Our common objectives are clearer than ever before: we have to get out of our energy dependency and establish a competitive European energy market. ‘Energy efficiency first’, decarbonisation of the economy and society, as well as fight against climate change must be in the centre our policies. We will also need to step up gear to maintain technological leadership and become the world’s number one in renewables. These challenges can be addressed in a simpler, faster and cheaper way if we work together. This is the message I will bring to the Member States.” The upcoming Energy Union Tour will feed into the first State of the Energy Union, which the Commission will present to the European Parliament and Council later this year.

Read ful edition: Daily News 18 – 05 – 2015

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