EU power association calls for anticipatory investments in grids

Published 23:01 on March 20, 2024  /  Last updated at 15:22 on March 20, 2024  / /  EMEA, EU ETS

More investment is needed to ready Europe’s power infrastructure for net zero emissions by 2050, the power sector association said in a position paper on Thursday.

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“No peace” for EU nature law as environment ministers prepare to meet next week

Published 17:49 on March 20, 2024  /  Last updated at 17:00 on March 21, 2024  / /  EMEA

Further struggles await a law aiming to enshrine the target to restore at least 20% of the EU land and sea areas by 2030, with some of the bloc’s 27 environmental ministers announcing their intention to halt the process next week.

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EU lawmakers divided over new agri policy proposals

Published 19:05 on March 19, 2024  /  Last updated at 19:05 on March 19, 2024  / /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International

Members of the European Parliament appeared divided as they discussed a set of potential new rules for the agri sector in a double meeting with the Commission on Tuesday.

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EU ministers rubber-stamp energy and raw materials bills

Published 16:42 on March 18, 2024  /  Last updated at 16:42 on March 18, 2024  / /  Climate Talks, EMEA, EU ETS, International

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.

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UPDATE – EU waters down green farming policies in bid to appease farmers

Published 16:46 on March 15, 2024  /  Last updated at 17:27 on March 15, 2024  / /  Carbon Taxes, Climate Talks, EMEA, EU ETS

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.

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EU countries reach long-awaited but diluted deal on corporate due diligence bill

Published 15:43 on March 15, 2024  /  Last updated at 15:43 on March 15, 2024  / /  CBAM, Climate Talks, EMEA, EU ETS, International

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.

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EU bank to invest millions in climate resilience of Rwanda’s farming sector

Published 16:50 on March 14, 2024  /  Last updated at 16:50 on March 14, 2024  / /  Africa, Climate Talks, EMEA, International

The international arm of the European Investment Bank, EIB Global, will help farmers in Rwanda face climate change under a financing agreement announced on Thursday as part of the EU Global Gateway initiative.

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Agri SMEs in five EU nations get millions of euros to decarbonise

Published 15:28 on March 14, 2024  /  Last updated at 15:29 on March 14, 2024  / /  EMEA, EU ETS, International

Small and medium-sized agricultural businesses in five European countries will receive new funds from HeavyFinance, a Lithuania-based financial technology company, to remove 0.376 tonnes of CO2 equivalent per year for every €1,000 invested.

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2030 climate targets ‘within reach’, spotlight now turning to carbon removals, EU says

Published 16:19 on March 13, 2024  /  Last updated at 16:19 on March 13, 2024  / /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS

The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc’s progress towards the objectives.

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EU investment bank to invest millions in Mongolian forests

Published 14:26 on March 13, 2024  /  Last updated at 15:13 on March 14, 2024  / /  Asia Pacific, Biodiversity, EMEA

The international arm of the European Investment Bank, EIB Global, will support projects for urban development and sustainable forestry in Mongolia, under the largest-ever financing agreement signed on Tuesday within the EU Global Gateway initiative.

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