EU’s 2040 target still due by end of March, followed by NDC in Q2
The European Commission denied reports that its 2040 target proposal could be delayed into the second quarter, rectifying statements from its vice-president Teresa Ribera who suggested in an interview that the initiative would be postponed.
Read MoreBRIEFING: Romania eyes lion’s share of EU CO2 storage target
Bucharest has an obligation to provide 10.3 million tonnes of annual CO2 storage capacity under the EU’s Net Zero Industry Act (NZIA), representing about 20% of the EU’s objective by 2030, according to figures circulated in Brussels by the country’s national regulator.
Read MoreEU teases metals industry with announced changes to CBAM for exports
Steel and aluminium producers have welcomed announced changes to the EU’s Carbon Border Adjustment Mechanism (CBAM) to deal with exports, and called on policymakers to move swiftly into gear in order to protect Europe’s industry.
Read MoreUPDATE – Brussels sets out oil and gas industry’s contribution to EU’s CO2 storage target, leaves key threshold blank
The European Commission published draft legislation on Wednesday setting out rules for oil and gas producers who are legally obliged to contribute to an EU-wide target of CO2 storage capacity under the bloc’s Net Zero Industry Act (NZIA).
Read MoreEU sees “no significant evidence” of evasion from maritime ETS, despite rising costs
A European Commission report taking stock of the extension of the EU’s Emissions Trading Scheme (ETS) to the maritime sector has detected “no significant evidence” of evasion or circumvention, despite an average 3.7% increase in overall shipping costs caused by the bloc’s carbon pricing scheme.
Read MoreEU Commission unveils action plan for next-generation clean steel
The European Commission unveiled its Steel and Metals Action Plan on Wednesday, aiming to protect steelmakers from unfair global competition while putting them on track to cut emissions down to net zero by 2050.
Read MoreGreen groups chart way forward for clean, competitive steel in Europe
Environmental groups have presented proposals to shore up and decarbonise the EU steel industry, ahead of the European Commission’s Steel and Metals Action Plan due to be published later on Wednesday.
Read MoreEU’s Industrial Decarbonisation Bank to consider CCS among other low-carbon technologies, official says
It’s too early to say which types of technologies will receive support under the European Commission’s upcoming Industrial Decarbonisation Bank, due in over a year, but the potential candidates include carbon capture and storage (CCS), an EU official said on Tuesday.
Read MorePower sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
Read MoreGreen steel labelling will be a tricky task for EU, campaigners say
Steel used in construction, such as reinforcement bars, is fundamentally different from the high-quality flat steel needed in the automotive industry, which rules out a one-size-fits-all approach to CO2 labelling, environmentalists say.
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