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Eurobrief October 2009

Environment Committee debates list of vulnerable sectors

An exchange of views on a draft European Commission measure on sectors deemed to be exposed to a significant risk of carbon leakage took place in the European Parliament’s Environment Committee earlier this month.

Commission publishes results of carbon auctioning consultation

The European Commission recently presented the results of a stakeholder consultation on a proposed new carbon allowance auctioning regulation.

Commission proposes VAT overhaul to fight carbon market fraud

The European Commission has announced plans to overhaul the EU’s VAT system in a bid to prevent fraudulent practices connected with the EU ETS.

Commission to allocate funds for CCS projects

Commission proposals to allocate €1.05 billion to seven carbon capture and storage (CCS) projects in Europe were presented recently to Member States.

No turbulence in carbon market following ECJ ruling

The eight countries that sued the European Commission over its decision to tighten their emission caps have not experienced a dramatic fluctuation in the number of carbon allowances, according to industry analyst Point Carbon.

Environment Committee debates marine CCS proposal

A debate on the Draft Report on the convention for the protection of the marine environment: relating to the storage of carbon dioxide streams in geological formations took place in Parliament’s Environment Committee earlier this month.