Non-profit calls on the EU to come up with a dedicated CO2 removal strategy
The EU needs to develop a carbon dioxide removal (CDR) strategy and lay out a roadmap for carbon removals deployment from now to 2050 in order to achieve net zero emissions by mid-century, according to a climate non-profit.
Read MoreEuro Markets: EUAs post third gain in a row as energy markets rally on supply cuts, colder weather
European carbon allowances started the week strongly, settling at their highest in more than five weeks as energy prices advanced on the back of interruptions in gas production, forecasts for cooler temperatures, and an unplanned outage at French nuclear unit.
Read MoreEU ministers rubber-stamp energy and raw materials bills
The EU’s 27 foreign affairs ministers rubber-stamped two bills on Monday to protect energy markets from manipulation and ensure strategic autonomy to access critical raw materials.
Read MoreEnvironmental commodities trader appoints new CEO
An environmental commodities trading firm has appointed a new CEO and a non-executive board member.
Read MoreCarbon futures ETFs continue to cut EUA holdings as price decline tops 12 months
Exchange-traded funds (ETFs) that invest in the EU ETS futures market are reducing their holdings of EUAs for a third consecutive year in 2024, as investors continue to shun carbon amid a price decline that has now endured for more than 12 months.
Read MoreEuro Markets: EUAs give up sizeable gains after failing to breach key level as bears regain confidence
European carbon prices posted a modest daily and weekly gain on Friday, after firmer natural gas prices and the strongest auction in nearly two weeks triggered an unsuccessful attempt to breach a major price level, handing the initiative back to bears.
Read MoreUPDATE – EU waters down green farming policies in bid to appease farmers
The European Commission finalised a series of legislative proposals that would cut back on green requirements for farmers, announcing the amendments late on Friday afternoon.
Read MoreEU countries reach long-awaited but diluted deal on corporate due diligence bill
Ambassadors from the 27 EU member states reached agreement Friday on a bill setting due diligence rules for large companies, including an obligation to adopt Paris-aligned climate plans, with a weakened text ending a cycle of meetings to resolve the EU’s internal divisions.
Read MoreGermany on track to reach 2030 climate goal, lagging on sectoral targets, agency says
Germany is on track to reach its 2030 national greenhouse gas (GHG) target, recording the sharpest decline in emissions since 1990 last year, but is lagging behind on sectoral goals for agriculture, transport and the building sector, the country’s environment agency said on Friday.
Read MoreFEATURE: ‘The Hamburg case’ – How steelmakers won the fight for free EU emissions permits, with help from Germany
The European steel industry has won a special carve-out from the EU ETS, ensuring the sector continues to receive an estimated 18 million carbon allowances for free per year in 2026-2030, according to previously unreleased documents seen by Carbon Pulse.
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