Australia To Join The EU’s Emissions Trading System By 2018

From 2018 onwards Australia, one of the world’s highest per capita emitters of climate change causing pollutants, will join the European Union’s Emission Trading System (ETS).

EU FP7 Energy Calls 2013 Published

In July 2012 the European Commission (EC) published the new FP7 Calls for Proposals for 2013.

Reduction In Number Of ETS Allowances Released From 2013-2020

The European Commission has recently concluded a review on the timing of actions of emission allowances under the European Trading System. In the words of Connie Hedegaard, Climate Action Commissioner, “the EU ETS has a growing surplus of allowances built up over the last few years. It is not wise to deliberately continue to flood a market that is already oversupplied. This is why the Commission today has paved the way for changing the timing of when allowances are auctioned. This short-term measure will improve the functioning of the market.’

US To Accelerate Investment In Industrial Energy Efficiency

In August 2012, US President Barack Obama issued an executive order to promote American manufacturing by helping to facilitate investments in energy efficiency at industrial facilities to improve the competitiveness of US manufacturing, lower energy costs, free up future capital for businesses to invest, reduce air pollution, and create jobs.