The total number of international credits exchanged now amounts to 452.2 million since the exchange function became operational in March 2014. This is an increase of around 15.9 million credits compared to the number of international credits exchanged that was published in November 2018.
The Commission has today published its assessment of Member States’ draft plans to implement the EU’s Energy Union objectives, and in particular the agreed EU 2030 energy and climate targets. The Commission’s assessment finds that the national plans already represent significant efforts but points to several areas where there is room for improvement, notably as concerns targeted and individualised policies to ensure the delivery of the 2030 targets and to stay on the path towards climate neutrality in the longer term. The European Union is the first major economy to put in place a legally binding framework to deliver on its pledges under the Paris Agreement and this is the first time that Member States have prepared draft integrated national energy and climate plans (NECPs). Yet, with plans currently falling short both in terms of renewables and energy efficiency contributions, reaching the EU's overall climate and energy goals will require a collective step up of ambition.
In order to estimate how much European forests contribute to our EU 2030 climate targets by removing CO2 from the atmosphere, the LULUCF Regulation required Member States to submit National Forestry Accounting Plans.
The European Union looks forward to participating in the UN climate conference from 17 - 27 June in Bonn, Germany, in preparation for COP25 in Santiago de Chile in December. The Bonn meetings take place six months after COP24, which saw the adoption of the Katowice “Rulebook” that will guide the implementation of the Paris Agreement.
Emissions of greenhouse gases from all operators covered by the EU Emissions Trading System (EU ETS) have decreased by 3.9% overall in 2018, as a result of 4.1% decrease of emissions from stationary installations and 3.9% increase of emissions from aviation.
One year on from the adoption of the EU Regulation on land use, land use change and forestry (LULUCF), experts convened by the European Commission have completed an assessment of Member States’ national forestry accounting plans to evaluate their compliance with the main principles and requirements set out in the Regulation.
The European Commission today hosted a high-level conference aimed at laying the foundations for agreement on establishing effective and robust international carbon markets.
During EU Green Week – Europe’s biggest environmental event – the LIFE programme announced the winners of the 2018 LIFE Awards. The three winners come from Italy (Nature category), Spain (Environment category), and Greece (Climate Action category).
The European Energy Exchange (EEX) today published the revised 2019 calendars for the auctions of general and aviation allowances in order to include the auction volumes of Iceland, Liechtenstein and Norway (EEA EFTA states).