News: March 2017

China Set to Displace North America With Carbon Capture Projects

China is expected to displace North America and take the lead in the next wave of carbon capture and storage projects after its first large-scale endeavor with the technology advanced. Construction on the Yanchang Integrated Carbon Capture and Storage Project will begin after a final investment decision was taken to go ahead with the demonstration site, according to the Global CCS Institute, a non-profit organization that has provided technical and advisory support for the initiative.

Member States agreed on ETS reform negotiating position

The Member States agreed their negotiation position on the EU ETS reform file during the Environmental Council on 28 February 2017. The agreement was supported by 19 countries out of the 28 composing the Council of the EU.

The emission trading scheme (ETS) is one of the main tools to reduce greenhouse gas emissions in the EU, which has committed to cut emissions by at least 40% by 2030. The Member States’ Ministers, which constitute the Environmental Council, consolidated their position on the reform just two weeks after the European Parliament had voted its own position.