• 7 hours Russia Approves Profit-Based Oil Tax For 2019
  • 11 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 13 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 15 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 17 hours Aramco In Talks With Chinese Petrochemical Producers
  • 18 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 20 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 1 day UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well
Alt Text

The Dangers Of A Bullish Oil Market

Geopolitical tensions continue to threaten…

Alt Text

Tesla Investors Are Losing Patience

Elon Musk has a history…

Alt Text

Oil Survives Bearish Backlash

Crude benchmarks posted steep losses…

Philippa Jones

Philippa Jones

Philippa is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

European Power Plants Win Reprieve on Emissions

European Power Plants Win Reprieve on Emissions

The European Parliament voted overwhelmingly on Wednesday to adopt the Industrial Emissions Directive, after agreeing a compromise position that will give power plants extra time to comply with stricter levels for air pollution.

After two-and a-half years of debate, the directive finally updates and merges seven pieces of existing legislation, including the Large Combustion Plant directive and the 1996 Integrated Pollution Prevention and Control (IPPC) directive, which sets the rules for around 52,000 industrial and agricultural installations with a high pollution potential.

The directive will place from 2016 stricter limits on emissions of nitrogen oxides, sulphur dioxide and dust from installations as diverse as pig farms and oil refineries. Newer power stations face an earlier, 2012 deadline, for the tighter targets, although the measure excludes carbon dioxide emissions as they are already regulated by the EU Emissions Trading Scheme (ETS).

However, the measures are not as stringent as many MEPs and green lobbyists would have liked, with the final compromise agreeing that EU member states can use “transitional national plans” to allow large combustion plants, including fossil fuel power stations, until July 2020 to meet the rules. Moreover, some older plants may not have to meet the targets as long as they close by the end of 2023 or after operating for a total of 17,500 hours after 2016, whichever comes first.

As a trade-off, the Parliament managed to restrict the scope member states have to deviate from best available technologies (BATs), which are the basis for permitting industrial installations. All businesses covered by the directive must apply BATs to optimise their all-round environmental performance, taking into consideration their emissions to air, soil and water, as well as noise and safety.

Member states will have some leeway to ease the rules but, at the in sistence of MEPs, this will only be allowed if they can prove that the costs would be disproportionate to the environmental benefits. 

German Liberal MEP Holger Krahmer, who guided the legislation through Parliament, said the compromise would, “compared to the current situation…offer more clarity and a better chance of a level playing field across Europe on environmental requirements for industrial installations”.

But he rued the deadline extension given to power plants. “It is a European tragedy that a number of outdated coal-fired power plants will be allowed to pollute for another decade,” said Krahmer. “This is also grossly unfair to member states who took early action to meet the requirements.”

The CBI, the UK’s business organisation, said the extra years were necessary to allow companies enough time to build alternative low-carbon energy sources to replace lost capacity. Neil Bentley, CBI’s director of business environment, said “the alternative would have meant the forced closure of many existing power stations without sufficient time to build replacements. This could have seriously undermined the UK’s energy security.”

Member states now need to rubberstamp Parliament’s decision in the coming months, but this is merely a formality since they have already signalled their support for the compromise position.

By. Philippa Jones

Source: Environmental Finance




Back to homepage


Leave a comment
  • Anonymous on July 13 2010 said:
    As a Canadian billionaire pointed out a couple of years ago, "we live in the most dishonest period in human history". That isn't even the half of it. As I noted in my energy economics textbooks, where things like emissions trading and electricity pricing are concerned, anything goes. What Mr Krahmer and others seem to forget is that regardless of the progress made in environmental matters in Europe - which isn't and won't be much except for a few countries - the opening of e.g. coal power plants in Asia and elsewhere will result in the continued build-up of CO2 in the atmosphere.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News