The European Union held votes today on its greenhouse gas emissions trading scheme (ETS) as well as on carbon capture and storage. As it relates to the EU’s GHG emissions trading scheme, the Environment Committee supported the European Commission’s plan to use a phase-out approach to free emissions permits that will eventually lead to a full auction (with some exceptions being made for energy intensive sectors). In 2013, 85 percent of the manufacturing sector is scheduled to receive free allowances but that number will decline annually, and, by 2020, there will be a full auction of the allowances.

In terms of carbon capture and storage technology, EU lawmakers backed a plan that would appropriate billions of euros to fit power plants with CCS technology.