IHS Markit is proud to partner with this campaign to offer internships for summer 2022. Get the $INFO and apply:… https://t.co/v2anF52YU6
Infographic: EU ETS and EU ETS 2 timelines post-Fit for 55
The revision of the EU ETS, as recently proposed by the European Commission, forsees the gradual phaseout of free allocations, with a broad range of impacts for industry, including greater pressure to decarbonize for numerous sectors, such as power generation, chemicals, refineries, cement, clinker, and lime.
A new sector, shipping, will be included in the EU ETS in 2026, facing steeper requirements than ever to cut emissions.
Also in 2026, the EU ETS#2 (as it is now informally known) will come into play for the road transport and heating sectors, as the EU looks to nearly halve emissions from these sectors in the following four years. A timeline of these critical developments is provided below.
- BP’s Lightsource JV gains $1.8 billion in backing for 25-GW solar pipeline
- Climate Week NYC brings corporate, government pledges
- US cracks down on climate-warming refrigerants
- High European gas prices not caused by energy transition: IEA
- US SEC prods companies to comply with decade-old climate disclosure guidance
- Xi puts China in positive light with coal pledge, but devil could be in the detail
- Vitol bolsters electric transportation footprint with BYD, Singapore deals
- France first out of the gate with commercial-scale floating wind only tender
For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to b… https://t.co/itHHZeuoED