Europe-wide CO2 market, including UK, may reduce storage costs by 20% -report
A Europe-wide market for CO2 with access to the UK could reduce carbon storage costs by 20%, equal to €11 per tonne, according to a report released on Wednesday.
Read MoreEU needs to set permanent carbon removal targets in its next climate goal, experts say
The EU needs to include legally binding targets for permanent carbon removals in its climate goals for 2030-40, experts said this week.
Read MoreEU earmarks over €4 bln from ETS revenues for cleaner cars
The European Commission has earmarked €4.6 billion from revenues generated by the EU’s Emissions Trading Scheme (EU ETS) to boost net-zero technologies like electric vehicles, paving the way for its upcoming ‘Clean Industrial Deal’ and related efforts to green the automotive industry.
Read MoreAustrian startup launches rock weathering sensor in a bid to strengthen carbon removal offering
An Austrian startup has launched a live monitoring tool for carbon removals (CDR), aiming to align with major voluntary verification standards.
Read MorePoland suspends grant scheme to replace coal boilers with clean alternatives
The Polish government announced that a national fund to help citizens replace coal-fired boilers in their homes will be suspended, which proponents said had been running successfully over the past six years.
Read MorePush from EU countries to loosen auto decarbonisation plans fails to gain traction
Seven countries, led by Italy, are calling on the EU to hit the brakes on decarbonisation policies that might damage the bloc’s automotive sector, according to a document seen by Carbon Pulse ahead of a presentation to EU ministers on Thursday.
Read MoreEU Parliament approves second von der Leyen Commission, with refocused Green Deal
The second European Commission headed by Ursula von der Leyen received the green light from the European Parliament on Wednesday, opening a new five-year policy cycle in Brussels that is expected to refocus the EU’s climate agenda on strengthening Europe’s industrial competitiveness.
Read MoreParliament to vote on new European Commission amid persisting political tensions
The Greens in the European Parliament decided by a slim majority to approve the new team of EU commissioners led by Ursula von der Leyen during a confirmation vote scheduled on Wednesday, paving the way for the new European Commission to take office on Dec. 1 for a five-year mandate.
Read MoreIndirect emissions linked to EU power distribution can be fixed -report
Most of the greenhouse gas emissions from distribution system operators (DSOs) across Europe come from indirect and preventable sources, according to a study published Tuesday.
Read MoreCOP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
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