EU yields to carmakers by extending CO2 compliance period
The European Commission has bowed to pressure from the automotive industry by granting car manufacturers more flexibility to meet CO2 emission reduction targets, while taking a step towards decarbonising corporate fleets.
Read MoreEU launches high-level steel talks as sector faces existential crisis
The European Commission has kicked off a Strategic Dialogue on the future of the EU’s steel sector, as industry leaders warn that rising costs, global overcapacity, and stalled decarbonisation efforts threaten its survival.
Read MoreEstonian PM backs push for EU ETS2 delay
Estonian Prime Minister Kristen Michal has voiced his support for delaying the EU’s new Emissions Trading System for road transport and building fuels (ETS2), aligning with calls from Polish Prime Minister Donald Tusk and other European leaders.
Read MoreItaly gives green light to nuclear revival, without letting go of gas
The Italian government has taken a decisive step towards introducing nuclear energy, approving a law that lays the groundwork for a national strategy on fusion and small reactors (SMRs), while maintaining country’s reliance on gas.
Read MoreFEATURE: EU braces for ETS2 amid national foot-dragging to transpose the law
National strategies to address the EU’s incoming Emissions Trading System for heating and road transport fuels (ETS2) are patchy and moving at different paces, showing a lack of urgency across the bloc despite the scheme’s looming start date in less than two years.
Read MoreExperts push for climate dividend schemes as pressure mounts on ETS revenue spending
European climate policy advocates are calling on EU member states to implement environmental dividend schemes as a socially just way to distribute revenues from the bloc’s Emissions Trading System (ETS), as experts point to significant shortcomings in Italy.
Read MoreANALYSIS: New EU climate proposals to have limited immediate impact on carbon market, experts say
The European Union’s new climate policies are unlikely to have a significant near-term impact on the bloc’s carbon market, but long-term uncertainties remain, analysts have told Carbon Pulse.
Read MoreBrussels announces ETS-backed ‘Industrial Decarbonisation Bank’ worth €100 bln
The European Commission has announced plans to create an ‘Industrial Decarbonisation Bank’, aiming to mobilise €100 billion in the next 10 years to help energy-intensive industries meet their climate goals, with funding drawn partly from the EU’s Emissions Trading System (ETS).
Read MoreUPDATE – EU Commission unveils Clean Industrial Deal, doubles down on climate
Less than 100 days after entering office, the new European Commission unveiled its flagship Clean Industrial Deal initiative on Wednesday, outlining measures to reduce energy costs for businesses while doubling down on climate with the confirmation of an upcoming 90% decarbonisation target for 2040.
Read MoreEU handing out too many free carbon permits to heavy industry, says report
The EU is giving away too many free carbon permits to heavy industry in some cases, effectively subsidising some of the bloc’s most emissions-intensive sectors, a report from green groups has found.
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