EU greenhouse gas emissions drop in 2023, next targets seen needing to maintain momentum
Emissions in the EU fell significantly in 2023, but clear and predictable policies are essential to maintaining momentum, according to two separate reports released on Tuesday.
Read MoreEuropean Greens lay out Article 6 demands for COP29 climate summit
European Greens are calling on countries to clinch an ambitious agreement on Article 6 of the Paris Agreement governing international carbon markets and the trade of emission reductions, saying rich countries must fulfil their climate obligations first rather than seek credits from emission reductions projects abroad.
Read MoreNet zero by 2050 still unlikely, despite some decoupling of emissions and growth -study
A scenario in which all greenhouse gas emissions released by human activities are counterbalanced by carbon removals is still not in sight, according to new research.
Read MoreNew CO2 storage facility in Greece to boost Southern Europe’s CCS ambitions
A carbon storage facility in the Greek city of Prinos received the European Commission’s green light on Monday, raising the country’s profile as a CO2 storage hub as well as Southern Europe’s carbon capture and storage (CCS) ambitions.
Read MoreDenmark to reduce CO2 emissions tax for companies at risk of carbon leakage
Danish steelmakers and other heavy industries exposed to international competition will benefit from a lower CO2 emissions tax regime under government plans to mitigate the risk of carbon leakage that received the green light from EU regulators on Friday.
Read MoreAzerbaijan’s climate leadership questioned over human rights, reliance on gas
The European Parliament voted a resolution on Thursday questioning the choice of hosting the United Nation’s upcoming COP29 climate summit in Azerbaijan, a country it accuses of human rights violations and whose revenues come chiefly from the extraction of natural gas.
Read MoreItalian waste-to-energy plant to integrate CCS technology funded by ETS revenues
An Italian waste-to-energy plant will apply carbon capture and storage to its processes, spending money collected through the EU Emissions Trading System (ETS).
Read MoreEU eyes biodiversity co-benefits from carbon farming, CO2 removals
The European Commission presented draft rules on Tuesday to measure CO2 removals from agriculture and forestry, saying future EU carbon removal credits could help mobilise finance for nature restoration.
Read MoreEU lawmakers call on COP29 leaders to phase out fossil fuels, expand carbon pricing
The European Parliament’s environment committee (ENVI) is calling on all countries to commit to phase out fossil fuels and adopt carbon-pricing mechanisms worldwide when they meet at COP29 next month.
Read MoreEU heavy industries should gamble on flexibility -report
European heavy industries like aluminum and steel should embrace the flexibility that comes with electrification, rather than persist in operating continuously and prolonging dependence on fossil fuels, a report warned.
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