EU nations remain split over need to meddle in energy, CO2 markets
EU energy ministers remain at odds over whether to intervene in the EU ETS amid a long-lasting energy price spike, with a few member states still pushing for temporary relief at Thursday’s Council meeting.
Read MoreEU launches response to China’s Belt and Road, with green strings attached
The European Commission, EU member states and financial institutions on Wednesday teamed up to mobilise up to €300 billion towards foreign investments over the next five years, aiming to rival China’s Belt and Road Initiative (BRI) while championing the bloc’s green transition and digital priorities.
Read MoreEU on track to emit double its 1.5C-aligned carbon budget, says veteran climate campaigner
The EU will emit double its 1.5C-aligned carbon budget under its current emissions targets, according to analysis by a veteran climate campaigner published on Wednesday that suggests the bloc will need to raise its ambition further.
Read MoreThink-tank boss appointed to Germany’s economy and climate ‘super-ministry’
The incoming German coalition government on Tuesday appointed the head of environmental think-tank Agora Energiewende as the top official in the new administration’s beefed-up economy and climate ministry.
Read MoreBrussels aims to target foreign producers in methane-cutting efforts
The EU should focus on cutting methane emissions from foreign energy producers while improving monitoring of its own relatively smaller output, EU sources said on Tuesday, outlining the bloc’s upcoming plans to help meet the aims of the recently adopted Global Methane Pledge.
Read MoreMEPs raise doubts on EU carbon border measure’s fit with global trade rules
EU lawmakers cast doubt over whether the bloc’s proposed Carbon Border Adjustment Mechanism (CBAM) is compatible with global trade rules on Monday, in a preliminary MEP exchange that raises the potential for changes to the plans.
Read MoreGreen hydrogen can cost less than €1.8/kg in EU by 2030 -von der Leyen
European Commission President Ursula von der Leyen said on Monday that the EU should aim to drive the cost of green hydrogen to below €1.8 per kilogram by 2030, hitting a price level that would secure market competitiveness for the low-carbon fuel.
Read MoreNewly-formed German government firms up plans to shield citizens from energy transition costs
The incoming German cabinet is laying out plans to compensate its citizens for higher energy prices, in a move designed to enhance the acceptability of carbon pricing on consumer-facing sectors while safeguarding social justice.
Read MoreEU’s lawmakers lack cohesive view as they take stock of COP26
Members of the European Parliament put little pressure on the EU to raise its climate ambition further in a disjoined debate on Wednesday, with some lawmakers insisting China needs to do more to cut its emissions while others said the bloc must set a better example.
Read MoreEU lawmakers get to grips with bumper climate package
EU lawmakers are making steady progress in scrutinising the mammoth ‘Fit for 55’ climate policy package, with observers noting that early work is advancing in what is expected to be a lengthy process.
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