FEATURE: Tight schedule raises stakes for upcoming EU ETS reform
The coming overhaul of the EUâs Emissions Trading System (ETS) is shaping up as one of the toughest political tests for the blocâs climate policy, with a tight timetable that looks almost as daunting as the substance of the reform itself.
Read MoreNature branded “strategic infrastructure” as EU countries back credits push
EU environment ministers meeting on Thursday said protecting and restoring nature is now a competitiveness issue as much as an environmental one, with several countries branding nature-based solutions âstrategic infrastructureâ and backing new market tools such as nature credits.
Read MoreEU, Canada, China drum up support for climate ambition at Brussels ministerial
EU, Canadian, and Chinese climate leaders opened the 10th Ministerial on Climate Action (MoCA) in Brussels on Monday, urging governments to accelerate the clean transition and use the talks to build political momentum ahead of COP31 in November.
Read MoreEU states back simpler green finance disclosure rules, draw criticism over fossil fuel provisions
The Council of EU member states has agreed its negotiating position on a major overhaul of the blocâs sustainable finance disclosure rules, aiming to simplify requirements for investment products and make it easier for investors to compare sustainability claims.
Read MoreEU moves to cut red tape on energy labels, with eye on consumer choices ahead of ETS2 launch
The European Commission on Wednesday proposed an overhaul of the EUâs energy and tyre labelling rules, aiming to cut paperwork by scrapping mandatory printed labels on every product and moving more information online before ETS2 starts applying in 2028, a move expected to raise heating fuel costs due to carbon pricing.
Read MoreBatteries, EVs and heat pumps seen slashing EU gas power needs by 2030
The rapid expansion of battery storage alongside smarter use of electric vehicles (EVs) and heat pumps could sharply reduce the need for gas-fired power plants in Europe by the end of the decade, according to new analysis by think tank Ember.
Read MoreEU leaders told to keep their hands off nature as competitiveness debate intensifies
WWF has urged EU environment ministers to reject what it called the “false trade-off” between environmental protection and economic competitiveness, warning that weakening nature laws would increase costs for businesses.
Read MoreProtein diversification can cut farm emissions and boost food resilience, EU agency says
Europe should diversify the proteins it produces and consumes to cut agricultural emissions and reduce its reliance on imported animal feed, the European Environment Agency (EEA) said in a report published on Monday.
Read MoreEU ETS expansion would add less than 1% to some long-haul fares while raising billions for climate action -report
Extending the EUâs carbon market to cover all flights departing the European Economic Area (EEA) would have only a marginal impact on airfares and passenger demand, while generating billions of euros annually for climate action, according to a new study commissioned by Carbon Market Watch (CMW).
Read MoreItalian lawmakers warned ETS is âwrong targetâ for energy costs
The EU Emissions Trading System (ETS) has become âthe wrong targetâ in the debate over Europeâs high energy costs, an Italian parliamentary vice-president said on Wednesday, as speakers at a Rome event urged the government to stop blaming the carbon market and focus instead on fossil fuel dependence.
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