News / Top

20 Дек, 2022

EU Climate Policy Agreement

Deputies of the European Parliament and the governments of the EU countries agreed to reform the Emissions Trading System (ETS), which has been operating in the European Union since 2005, writes DW.

By 2030, emissions in the sectors covered by the ETS should be reduced by 62% compared to 2005, one percentage point more than the Commission has proposed.

Emissions allowances will be reduced at the EU level at the same time. In addition, by 2025, the European Commission must assess the risks associated with EU products exported to third countries, the production of which releases large amounts of carbon dioxide into the atmosphere.

Also, according to the plan, the phase-out of free quotas for enterprises will continue over an eight-year period. In 2026, the number of such quotas will be reduced by 2.5%, and by 2034 they are planned to be completely abandoned.

<<< News Feed December 20, 2022 >>>

Six gas operators from Finland, Estonia, Latvia, Lithuania, Poland and Germany have signed an agreement to create a hydrogen corridor, Lithuanian energy company Amber Grid said. It will transport «green» hydrogen produced in the Baltic Sea area. The timing of the project is not reported.

>>>>>>>>

The European Commission allowed Germany to nationalize the energy companies Uniper and Sefe, according to Der Spiegel magazine. Both companies have found themselves in a difficult position as a result of the energy crisis and due to the cessation of Russian gas supplies.

>>>>>>>>>>>

The EU is discussing the possibility of reducing the proposed cap on gas prices in the intra-European energy market by almost a third: from 275 to 188 euros per MWh, writes Bloomberg. The initiative belongs to the Czech Republic, which is chairing the EU Council this year.

>>>>>>>>>>

The British auction house Silverstone in February is going to sell the first-generation Land Rover, which was used by Elizabeth II, according to the website of the auction house. It is planned to earn 100-150 thousand pounds sterling (114.5-171.8 thousand euros) for it.

>>>>>>>>>>>>>>

Page is being updated … stay tuned to TopNews ……