UK waters down pledge to decarbonise power grid by 2030
The UK government has watered down plans to decarbonise the electricity grid by 2030, setting a new target of achieving at least 95% of clean power by 2030.
Read MoreEU urged to neutralise Energy Charter Treaty’s protection of fossil fuel investments
Legal experts are calling on the EU to work with the remaining members of an alliance that protects fossil fuel assets to challenge its problematic ‘sunset clause’, and create a replacement that champions clean energy.
Read MoreEU likely to propose exempting small companies from CBAM in early 2025, senior EU official says
The European Commission is likely to next year put forward a proposal to exclude small companies from the EU’s Carbon Border Adjustment Mechanism (CBAM), a senior official told Carbon Pulse on Thursday.
Read MoreFrench political upheaval threatens EU support for clean industrialisation and investments -expert
French Prime Minister Michel Barnier’s ousting on Thursday raises new risks and uncertainties for national and EU-wide climate action, particularly for the private finance sector — and it comes just as France begins to show signs of progress, according to an expert.
Read MoreEU member states could use Article 6 for ‘above-and-beyond’ mitigation, says senior EU official
EU member states can still use Article 6 for above-and-beyond mitigation, the head of the EU’s international carbon markets diplomacy taskforce told Carbon Pulse at the sidelines of a conference on Thursday, despite the bloc’s current plans to avoid using international carbon credits towards UN climate goals.
Read MoreEU should reconsider giving CBAM exemptions to most vulnerable -report
The EU should reconsider exempting the least developed countries, as well as Ukraine, from its incoming carbon border fee, and use its revenues to help developing countries decarbonise their industries and minimise the blow, a think tank recommended this week.
Read MoreFutures growth drives strong EU carbon volumes on EEX in November
Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.
Read MoreBRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory
A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.
Read MorePet care multinational launches soil carbon partnerships to scale regenerative agriculture in Europe
A global food and pet care products manufacturer on Dec. 5 announced several partnerships with suppliers and soil carbon project developers to scale regenerative farming practices across Europe.
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