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.

The Economist Publishes Article On Shale Gas

The Economist has published an article on shale gas. To view the article please click here.

BP’s Annual Energy Review

BP published its 61st Annual Statistical Energy Review in June 2012. BP’s chief economist, Christof Rühl, presented the data at the annual event in Brussels.

European Commission Launches Consultation On Energy Infrastructure

The European Commission (EC) has launched a public consultation to seek views on a range of electricity and gas infrastructure projects that may be eligible for EU funding.

Agreement Reached On The EU’s Energy Efficiency Directive

After a final round of discussions, the European Parliament, Commission and Council have reached a deal on the EU’s Energy Efficiency Directive (EED), a piece of legislation widely regarded as the most important tool in achieving the EU’s self-imposed energy reduction targets.

Agreement Reached On The EU’s Energy Efficiency Directive

After a final round of discussions, the European Parliament, Commission and Council have reached a deal on the EU’s Energy Efficiency Directive (EED), a piece of legislation widely regarded as the most important tool in achieving the EU’s self-imposed energy reduction targets.

European Energy News Summary

Rising EU emissions in economic downturn and criticism of the EU ETS

British Government Introduces Major Energy Reforms

The British Government has set out major reforms to the UK energy sector in its draft energy bill.

Nabucco Pipeline No Longer Under Consideration

The EU-sponsored Nabucco pipeline project is no longer under consideration to ship gas from BP’s Shah Deniz gas field in Azerbaijan to Europe, according to a spokesman from BP.