Quotas — latest ecology news

China's carbon prices peak at around $9 per ton in early 2022

A major source of contention is the speed at which free emissions permits are phased out

Prices reacted strongly depending on the vote in the European Parliament and the position of the Council of the EU

In July, the policy will have a neutral effect on EUA prices

The Council approved a proposal to phase out free benefits for CBAM-related sectors from 2026 to 2035

There are 60 projects in the steel industry that can reduce 81.5 million tons of carbon emissions per year by 2030

The waiver of free quotas in the sectors covered by the CBAM will last from 2027 to 2032.

Proposed phasing out of ETS incentives for European industry from 2028 to 2034

Convergence of prices, coverage and benefits between countries at different stages of economic development is unlikely

CBAM and ETS may lead to competition from companies that do not have to face the same climate goals

CBAM to be launched in parallel as a way to protect EU industry from cheaper imports of pollutants

Energy security issues stimulate the fastest transition from fossil fuels to renewable sources