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Eurobrief May 2009

European Parliament allocates €18bn for CCS demonstration plants

The European Parliament’s Report on a proposal for a Regulation establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy was adopted in Plenary earlier this month.

Scotland puts forward CCS proposals

Scotland has put forward proposals for establishing carbon capture and storage (CCS) plants under the sea bed.

Commission to adopt communication on CCS in developing countries

The European Commission plans to adopt a communication on financing carbon capture and storage (CCS) in emerging and developing countries next month.

Sweden to call for CO2 emissions tax

Sweden, which takes over the Presidency of the EU Council in July 2009, has stated its intention of pushing for an EU-wide tax on carbon dioxide emissions that would apply to industrial sectors not currently covered by the EU’s Emission Trading Scheme (ETS).

Deutsche Bank revises CO2 emissions estimate

Deutsche Bank has cut its 2009 estimate of carbon emissions from sectors covered by the EU’s Emission Trading Scheme (ETS).

Greenhouse gas emissions fall in 2008

Greenhouse gas emissions from EU businesses participating in the EU Emissions Trading Scheme (EU ETS) fell 3.06% in 2008 compared with a year earlier, according to the European Commission.