Statement by Connie Hedegaard on the outcome of the UN climate change negotiations in Tianjin, China

"The progress achieved in Tianjin has been very patchy and much too slow", said Connie Hedegaard, the European Commissioner for Climate Action, on the outcome of the UN climate change negotiations in Tianjin, China. more

Breakthrough in Climate Change talks at UN Aviation Body

At the end of the 37th session of the Assembly of the ICAO, the 190 contracting states of the International Aviation Body were able to strike the first global governmental deal to commit the aviation sector to reduce GHG emissions from 2020. more

Recession accelerates the decline in EU greenhouse gas emissions

According to the European Environment Agency's (EEA) new estimates, EU-27 and EU-15 greenhouse gas emissions both decreased by 6.9 % in 2009 compared to 2008. more

BlueNext’s second ERU auction 4.2 times over-subscribed

Bluenext, the environmental trading exchange, held their second ERU auction today, auctioning 250,000 tonnes of CO2 at a clearing price of 13.15 € per tonne. more

Connie Hedegaard on the EEA estimates for EU GHG in 2009

The European Commissioner for Climate Action Connie Hedegaard on Friday made a statement in response to the estimates for EU greenhouse gas emissions in 2009 published by the European Environment Agency (EEA). more

EU ETS threatens to trap Europe in a high carbon future

The Emissions Trading Scheme (ETS) could turn intended restrictions on pollution into a trap that commits Europe to increasing carbon emissions for much of the next decade, unless changes are swiftly introduced, warns campaign group Sandbag. more

UK auctions 4.4 million EUAs

The UK sold today in the sixth auction this year 4.4 million European Union Allowances (EUAs) at € 15.58, said the British government. more

IETA calls for rule clarity from EU

The International Emissions Trading Association has called for the European Commission to clarify rules on UN-backed carbon offset use in the third phase of its emissions trading scheme in order to boost ebbing market confidence. more

NEFCO launches second tranche for its carbon fund NeCF

NEFCO has launched a EUR 30 million capital raising exercise for its carbon procurement vehicle, the NEFCO Carbon Fund (NeCF). The Tranche II subscription will be aimed principally at post 2012 purchases. more

Germany auctions € 317 worth of EUAs

German government auctioned around 22,6 million European Union Allowances (EUAs) to the value of almost € 317 million in the first half of 2010. more