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EU’s binding CCS targets: A burden or a blessing?
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EU Electricity Gas Natural Gas markets Low carbon energy markets
Tom Young
30 August 2022
Follow @PetroleumEcon
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EU aims to reform electricity markets

European Commission is working on both an emergency intervention and long-term structural reform following high electricity prices

The European Commission is working on both an emergency intervention to alleviate high prices in EU gas and electricity markets and longer-term structural reform. The first will be delivered in a matter of weeks while the second is expected early next year, a Commission spokesman said today. Commission president Ursula von der Leyen stated yesterday that reform is needed because of recent high prices. “Skyrocketing electricity prices are exposing for different reasons the limitations of our current electricity market design,” she said. “We need a new market model for electricity that really functions and brings us back into balance.” In July 2022 the average wholesale electricity spot price

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EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
EU proposes 90% 2050 climate target
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Greater Mekong taps carbon market growth
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon

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