EU countries on track to cut emissions 54% collectively by 2030, Brussels says
EU member states are roughly on track to meet their 55% greenhouse gas emissions reduction goal for 2030, after improving their climate plans following recommendations from Brussels, the European Commission announced on Wednesday.
Read MoreToo early to implore grace period on EU CO2 storage obligation, Dutch say
Achieving the EU’s goal of having 50 million tonnes of CO2 storage capacity available annually by 2030 will be challenging, but postponing the target is not an option at this stage, a Dutch official said on Tuesday.
Read MoreNo more blanket ban: German researchers outline strategy for clean heating transition
After the failed attempt to ban fossil fuel boilers in Germany, researchers have identified a new strategy to better target clean heating policies at private households, with bans reserved only for certain categories of the population.
Read MoreINTERVIEW: EU lawmaker pushes streamlined climate reporting rules for large and mid-sized companies
As the European Parliament prepares to discuss a reform of the EU’s Corporate Sustainability Reporting Directive (CSRD), one lawmaker has put forward amendments that would cement the obligation on companies to publish ‘climate transition plans’ while streamlining reporting requirement across other pieces of EU legislation to avoid double reporting.
Read MoreANALYSIS: UK emissions cap to feature in ETS linking talks with EU, as Brexit politics looms over progress
An initial agreement struck on Monday to link the EU and UK emissions trading schemes (ETS) includes a key commitment from Britain to ensure “dynamic alignment” with the bloc’s carbon market legislation – a move that puts Britain’s emissions cap on the negotiating table, sources told Carbon Pulse.
Read MoreEU 2040 climate target due in early June, official says
The European Commission is expected to put forward its legislative proposal for a 2040 climate target ahead of a meeting of EU27 environment ministers on June 17, EU sources said on Friday.
Read MoreAnalysts revise EU ETS2 price outlook with huge surge in cleantech needed to meet climate goals
Meeting decarbonisation targets under the EU’s upcoming Emissions Trading Scheme for road transport and heating fuels (ETS2) will require ramping up electric vehicles and heat pumps up to 10 times, according to new market projections unveiled on Thursday, with some analysts revising their price outlook higher amid the slower-than-expected decarbonisation progress in the two sectors.
Read MoreBrussels names 44 oil and gas companies for EU CO2 storage obligation
The European Commission on Wednesday evening published key details of draft legislation 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), naming 44 of them as falling under the obligation.
Read MoreBRIEFING: EU sees hydrogen rules as template for future CO2 infrastructure
The European Commission is looking at EU hydrogen infrastructure rules adopted last year as a potential template for its upcoming CO2 transport and storage regulatory package expected in 2026, an official has said.
Read MoreEU rebuffs Russia’s WTO complaint against CBAM as unfounded
The European Commission rebuffed Russia’s challenge against the EU’s Carbon Border Adjustment Mechanism (CBAM), filed on Tuesday at the World Trade Organization (WTO).
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