Cement News tagged under: emissions trading
Navigating EU CBAM22 October 2024, Published under Cement NewsAs the European Union (EU) implements its Carbon Border Adjustment Mechanism (CBAM), non-EU cement producers such as Türkiye will need to address new challenges as they trade cement with EU countries. This article aims to provide an overview of the current status of the EU CBAM, outline key milestones and examine the challenges this policy creates for cement producers outside the EU. By Louis Redshaw, Redshaw Advisors Ltd, UK Figure 1: EU ETS ambition meets CBAM (© Redshaw Advis... |
India's carbon trading market to be announced this month03 August 2022, Published under Cement NewsAnticipation is building that India is about to start a carbon trading market for major emitters in the energy, steel and cement industries. The clean energy initiative is expected to be announced by Prime Minister Narendra Modi at the Independence Day celebrations on 15 August, according local sources. It has been in the works since March, according to Reuters. It is thought that the market would initially be limited to hard-to-abate sectors, allowing participants to trade credits earned... |
Swiss cement industry joins EU ETS28 January 2020, Published under Cement NewsFrom 1 January 2020 Swiss cement companies are participating in the EU Emissions Trading Scheme (EU ETS). Based on the polluter-pays principle, the scheme will allow the sector to be exempt from carbon levies collected in Switzerland. Moreover, Swiss ETS participants will also be allowed to trade emission allowances in the larger EU market as the two systems have been linked since the start of the year. Cemsuisse, the Swiss cement association, believes the system is an effective tool as i... |
Gujarat launches pilot air pollutant permit cap and exchange mechanism07 June 2019, Published under Cement NewsIndia has launched the world's first trading programme for particulate air pollution quotas. The western state of Gujarat piloted the scheme on 5 June involving some 350 industrial plants in Surat, including cement plants. The trading programme has been devised by academic experts, including Anat Sudarshan from the University of Chicago and Nicholas Ryan from Yale University. The government will cap the total amount of air particulate matter than can be emitted over a period of time by all ... |
EU agrees revised ETS for 2021-3014 November 2017, Published under Cement NewsCoinciding with the UN Climate Summit COP23 in Bonn later this month, EU negotiators have agreed a revised Emissions Trading System (EU ETS) for the 2021-30 trading period. Following a two-year intensive negotiation process, the agreement builds on the Commission’s approval and includes the following main improvements agreed by Parliament and Council. Significant changes to the system will be made to speed up emissions reductions and strengthen the Market Stability Reserve to accelerate t... |
EU and Switzerland link emissions trading systems14 September 2017, Published under Cement NewsThe EU and Switzerland are joining their respective emissions trading systems following the adoption of the European Commission of two proposals to finalise an agreement between the two parties. The Swiss Federal Council has approved a deal to link the carbon markets of the country with the European Union, according to the European cement association, Cembureau. The move sees participants in the EU Emissions Trading System (EU ETS) permitted to use the allowances from the Swiss system for c... |
Polish cement demand to rise 2.5% in 201702 May 2017, Published under Cement NewsCement production in Poland increased by two per cent in 2016, according to the Polish Association of Cement Producers. In 2017 cement demand is expected to grow by 2.5 per cent to 16.1Mt thanks to healthy housing and transport infrastructure construction markets, the association said. However, its future also depends on the EU’s CO2 emissions policies, the association added. With 14 plants, owned by the subsidiaries of eight international cement producers, Poland’s cement sector points ou... |
Cembureau calls for maintaining free EU ETS allowances for best performers02 February 2017, Published under Cement NewsThe European cement industry has made it clear to MEPs in the European Parliament that the EU Emissions Trading Scheme (EU ETS) must maintain free allowances at the level of best performers to achieve real emission reductions, while maintaining a competitive industry in Europe. Cembureau commented that the proposal should ensure that: • All energy-intensive industries are on the carbon leakage list and all installations receive a free allocation based on ambitious but realistic b... |
South Korea: carbon emission quota increased27 January 2017, Published under Cement NewsOn 24 January the South Korean government increased the carbon emissions quota by 1700t to 539Mt and added 51Mt to emission rights in view of companies’ efforts for greenhouse gas reduction prior to the implementation of emissions trading. Community energy suppliers and cement manufacturers are expected to benefit from the adjustment, with the price/t of carbon emission rights recently tripling from a year ago to KRW20,850 (US$17.75) in the Korea Exchange. T he government also voted fo... |
CEMBUREAU: EU-ETS proposal needs to incentivise best performers07 September 2015, Published under Cement NewsThe European Commission (EC) recently published the long-awaited post-2020 EU Emissions Trading Scheme (EU-ETS) proposal. Although the EC acknowledges the importance of continued carbon leakage protection, it maintains the cross-sectoral correction factor, to the disappointment of CEMBUREAU, the European cement association. “Even if the Commission claims its application will be minimised, the allocation to the best performer would be drastically reduced through the combined application wi... |