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Market Legislation

EUA backloading expected to have short-lived effect on price

Wednesday’s proposal by the European Commission to reduce the surplus of allowances in the EU Emissions Trading Scheme (ETS) failed to restore confidence in the market, with the 12 December contract settling below €7 ($8.6) per ton on the Ice Exchange.

26 July 2012
Market Legislation

Commission presents measures for fixing ETS

The European Commission presented a package of proposals on Wednesday to bolster the EU's Emissions Trading Scheme (ETS) by reducing a massive burden of surplus allowances in the third phase of the scheme (2013-2020).

25 July 2012
Market Legislation

EC set-aside proposal ‘no remedy’ for carbon markets

The much-awaited proposal by the European Commission on Wednesday to address the large surplus of allowances in the EU Emissions Trading Scheme (ETS) is not expected to boost carbon prices significantly in the short term.

24 July 2012
Upstream

Cypriot EU presidency to promote Israel-Europe interconnector

The Cypriot presidency of the EU Council is expected to promote the planned gas pipeline between Israel and Europe over the next six months, but it remains to be seen if the project will be labelled a project of common interest (PCI) by the EU.

23 July 2012
Market Legislation

Oettinger calls for complete overhaul of Europe’s energy infrastructure

Europe’s energy infrastructure needs “a complete overhaul” in order to ensure the security and diversification of the energy supply in Europe, Energy Commissioner Günther Oettinger stressed in his keynote address at a European energy infrastructure event on Tuesday.

19 July 2012
Upstream

Recession casts doubt over EU funding for infrastructure projects

The European Commission has proposed a €9.1 billion ($11.2 billion) funding package for EU infrastructure projects of common interest (PCI), but remains highly uncertain if the European Council will approve the sum, given the ongoing financial turmoil, EC officials told Interfax on Tuesday.

18 July 2012
Environmental Policy

EU eyes offshore safety agreement by year-end

The EU remains hopeful that an agreement on safety measures for oil and gas exploration will be reached by the end of 2012, according to MEP and rapporteur Ivo Belet.

17 July 2012
Environmental Policy

Role of gas to diminish unless CCS successful, study suggests

The role of natural gas in electricity generation will decline to less than half of current levels, a new study suggests.

16 July 2012
Market Legislation

VAT fraud alarms energy industry

VAT fraud is a growing concern in the gas and power industry, but the European Commission lacks adequate powers to deal with the problem, according to experts.

13 July 2012
Environmental Policy

Commission approves three more free ETS allocation plans

The European Commission approved the allocation of more than 232 million free carbon emission allowances to power installations in Bulgaria, the Czech Republic and Romania on 6 July for the third phase of the EU emissions trading scheme (ETS), which begins next year.

12 July 2012
Market Legislation

ETS set aside a necessary evil - IETA

In an effort to boost prices for the third phase of the EU emission trading scheme (ETS), the commission is expected to propose withholding the sale of some EU Allowance Units (EUA) from 2013 until later in Phase III (2013-20).

11 July 2012
Environmental Policy

Offshore safety debate continues

Industry experts met representatives of the committee on Industry, Research and Energy (ITRE) in the European Parliament on Monday to discuss the safety of offshore oil and gas activities with the aim of evaluating different policy options put forward by the European Commission.

10 July 2012
Upstream

Cypriot presidency to prioritise EU infrastructure regulation

The first priority in the field of energy for the Cypriot presidency of the European Council will be to reach an agreement on the proposed energy infrastructure regulation, it confirmed on Tuesday.

10 July 2012
Market Legislation

Entso-e files final 10-year development plan

European electricity transmission system operators (TSOs) need to spend €104 billion ($128 billion) over the next decade to upgrade or build about 52,000 km of high-voltage power transmission lines, electricity TSO body Entso-e said on in its final version of its new 10-year network development plan on 5 July.

9 July 2012
Market Legislation

European Parliament backs project bond pilot scheme

The European Parliament gave a green light to the pilot phase for EU-backed project bonds to fund infrastructure projects in the EU on 5 July.

9 July 2012
Market Legislation

EU ETS: Security concerns remain despite single registry

The European Union has implemented a single registry for the holding and transactions of emission allowances under its emissions trading scheme, but experts question whether it will be enough to prevent market abuse, such as VAT fraud, which has damaged the credibility of the system.

6 July 2012
Market Legislation

Entso-e calls for more participation in network code drafting

Europe is not represented in a “consistent” way in EU-level discussions on future rules for managing and using the EU’s electricity networks, an official of Entso-e, the European body of electricity transmission system operators, said on Tuesday.

5 July 2012
Market Legislation

Commission to launch proposal for internal market design

The European Commission will launch a proposal for internal market design in energy by October or November this year, it has confirmed.

4 July 2012
Market Legislation

European Council agrees on €5 billion project bonds

In an attempt to stabilise the markets and to stimulate growth in Europe, last week's European Council decided on a compact for growth and jobs that will mobilise €120 billion ($150.75) -- equivalent to around 1% of the EU’s gross national income -- for immediate investments.

4 July 2012
Market Legislation

EU court ruling warning to energy companies

The European Court of Justice’s ruling against E.On and GDF Suez supports the European Commission’s zero-tolerance approach to anti-competitive agreements and is a warning to energy companies despite the reduced fines, legal experts have told Interfax.

3 July 2012

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