IHS Chemical Week

VCI: Reform of ETS will 'considerably increase the financial burden for energy-intensive industries'

9:31 AM MDT | July 15, 2015 | Michael Ravenscroft

The proposals made by the European Commission for reform of the EU Emissions Trading System (ETS) will considerably increase the financial burden for energy-intensive industries, Germany’s chemical industry association VCI (Frankfurt) says. The revision...

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European Parliament adopts MSR; industry says it will not reduce emissions but will drive up costs

The European Parliament on Wednesday endorsed reforming the EU Emissions Trading System (ETS), following informal agreement with the European Council. The reform involves reducing the current surplus of carbon dioxide (CO2) emission permits by placing them in...

European Commission takes action against Germany, Greece over energy-efficiency directive

The European Commission has requested Germany to ensure the full transposition of the European Union’s energy efficiency directive, under which EU member states must meet certain energy savings targets during the period 1 January 2014 to 31 December...

Plastics 2020 launches plastics industry recycling action plan

The Plastics Industry Recycling Action Plan (Pirap) was launched on Tuesday by Plastics 2020, which includes the British Plastics Federation (BPF), the Packaging and Films Association and Plastics Europe as well as WRAP (London). The plan provides a...

International Energy Agency highlights likely success factors for Paris climate summit

A peak in worldwide energy-related emissions could be achieved as early as 2020 and at no net economic cost, says the International Energy Agency (IEA; London) in a special report on energy and climate change, published today. Achieving a peak in emissions as...

Irena report: Fourfold increase in countries with renewable energy targets, versus 2005 level

Renewable energy targets are now a defining feature of the global energy landscape, according to the International Renewable Energy Agency (Irena; Abu Dhabi). A new report from Irena, Renewable Energy Target Setting, finds that 164 countries have adopted at...

Irena releases roadmap on renewable energy storage

The International Renewable Energy Agency (Irena; Abu Dhabi) has released a report on renewables and electricity storage, part of the agency’s REmap 2030 program. The report shows how to advance storage systems and prioritizes 14 action items across...

G7 Leaders commit to 40-70% GHG reductions by 2050

Leaders of seven of the world’s largest economies, meeting in Elmau, Germany, yesterday, expressed support for reducing greenhouse gas emissions by 40-70% by 2050. The leaders emphasized that “deep cuts in global greenhouse gas (GHG) emissions are required with decarbonization of the global economy over the course of this century.” Germany’s chemical industry association (VCI) noted the lack of identified concrete steps to reduce emissions of carbon dioxide...

Report: Rare earths producer Molycorp on verge of bankruptcy

Molycorp, the sole US-based maker of rare earth oxides, is preparing to file for bankruptcy, according to a report in the Wall Street Journal. The company had $1.7 billion in debt and $134 million in cash at the end of the third-quarter. It has reported...

Germany: Industry association, trade union, call for more effective ways to reduce carbon dioxide emissions

The Federation of German Industries (BDI; Berlin) and the trade union IG BCE (Hanover), representing workers in the chemical, mining, and energy sectors, have released the results of a study into the reduction of carbon dioxide (CO2) emissions from the...

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