The COVID-19 crisis should strengthen Europe’s resolve to achieve the climate objectives of the Paris Agreement by triggering policies that maintain fossil fuel prices above a minimum level, French authorities have said.
EU carbon prices could average €35-40 per tonne over 2019-2023, accelerating the switch from coal to gas and questioning the rationale for keeping old coal and lignite power plants running beyond 2021, said a new report by Carbon Tracker released on Tuesday (21 August).
Neither France nor Germany is ready to acknowledge a cooling down in their relationship. But the German government's complete lack of flexibility is ruffling the feathers of the French side. EURACTIV.fr reports.
The recently adopted reform of the EU Emissions Trading Scheme (EU ETS) is insufficient to trigger cost-efficient decarbonisation of the economy, argue Christian Flachsland and Anna Leipprand. A carbon floor price that starts at a significant level and rises over time would address the problem, they write.
The European Parliament and several member states, including France, have excluded new coal plants from future financing under the EU’s reformed carbon market. EURACTIV France reports.