EU should use CBAM revenues to help poorer countries decarbonise their steel too -think tank
The EU can paint its Carbon Border Adjustment Mechanism (CBAM) in a good light by redistributing revenues to help the least developed countries decarbonise their own steel industries, according to research published on Monday.
Read MoreEU-Mercosur deal pushed forward as “necessity” despite environment concerns
The European Union and the Mercosur group of South American countries concluded a long-awaited trade deal on Friday, calling it a “political necessity” and “historic milestone” despite environmental concerns and opposition from seven EU countries, including France.
Read MoreEU urged to neutralise Energy Charter Treaty’s protection of fossil fuel investments
Legal experts are calling on the EU to work with the remaining members of an alliance that protects fossil fuel assets to challenge its problematic ‘sunset clause’, and create a replacement that champions clean energy.
Read MoreFrench political upheaval threatens EU support for clean industrialisation and investments -expert
French Prime Minister Michel Barnier’s ousting on Thursday raises new risks and uncertainties for national and EU-wide climate action, particularly for the private finance sector — and it comes just as France begins to show signs of progress, according to an expert.
Read MoreEurope-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.
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