EU approves Sweden request to extend ETS2 to new sectors

Published 10:58 on November 28, 2024  /  Last updated at 10:58 on November 28, 2024  / /  EMEA, EU ETS

The European Commission on Wednesday approved Sweden’s request to unilaterally extend the scope of its Emissions Trading System for heating and transport fuels (ETS2) to new sectors, including railways, and vehicles used in agriculture, forestry, and fishing.

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Campaigners denounce ArcelorMittal’s ‘blackmail’ over green steel in Europe

Published 10:51 on November 28, 2024  /  Last updated at 10:51 on November 28, 2024  / /  EMEA, EU ETS

Environmental groups have condemned ArcelorMittal’s decision to freeze its green steel projects in Europe, saying the move was “motivated by political games” in order to extract more policy support and subsidies from the incoming European Commission.

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INTERVIEW: EU carbon market becoming more volatile as industrial emissions overtake power sector

Published 11:24 on November 27, 2024  /  Last updated at 11:24 on November 27, 2024  / /  EMEA, EU ETS

Heavy industries, led by steel and the oil and gas sector, are fast-eating into the power sector’s share of emissions under the EU ETS, opening a new era made of greater uncertainty in the bloc’s carbon market, say analysts.

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ArcelorMittal freezes green steel projects in Europe, waits for EU policy guidance

Published 11:34 on November 26, 2024  /  Last updated at 11:34 on November 26, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Europe’s largest steelmaker, ArcelorMittal, announced on Tuesday it had frozen final investment decisions over its ongoing decarbonisation projects on the continent until the company has “full visibility” on the EU policy environment.

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BRIEFING: Truckmakers bet on electrification to meet 2030 EU climate targets

Published 16:26 on November 25, 2024  /  Last updated at 16:26 on November 25, 2024  / /  EMEA, EU ETS

European truck manufacturers are investing chiefly in battery-electric vehicles to meet their 2030 climate goals, but point to a lack of charging stations on EU roads, urging policymakers to be more ambitious on infrastructure.

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Trust in voluntary carbon markets will come with time – and regulation, experts say

Published 15:08 on November 21, 2024  /  Last updated at 15:08 on November 21, 2024  / /  EMEA, Voluntary

The EU’s Green Claims Directive, currently under negotiation in Brussels, could go some way towards restoring trust in the voluntary carbon market (VCM), provided that policymakers do it right and don’t overstretch their mandate, experts say.

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New European Commission set for clearance as EU parties seal political pact

Published 21:20 on November 20, 2024  /  Last updated at 21:20 on November 20, 2024  / /  EMEA

The new Commission headed by Ursula von der Leyen is set to begin its term on Dec. 1 after the three mainstream political groups in the European Parliament sealed an agreement on Wednesday evening to approve her team.

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EU countries back one-year delay to anti-deforestation law, reject Parliament’s amendments

Published 15:41 on November 20, 2024  /  Last updated at 15:41 on November 20, 2024  / /  Biodiversity, EMEA, Nature-based, Voluntary

The Council of EU member states on Wednesday approved a proposal to delay the bloc’s controversial anti-deforestation law by one year but did not endorse the European Parliament’s proposed amendments, triggering angry reactions from conservative lawmakers who called the move “irresponsible”.

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Serbia issues first GHG emissions licences, eyes EU CBAM compliance

Published 12:10 on November 20, 2024  /  Last updated at 13:39 on November 20, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Serbia has issued its first greenhouse gas emissions licences, the Energy Community Secretariat announced this week, hailing it as a “significant step” towards the country’s implementation of its EU ETS obligations.

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ArcelorMittal suspends green roadmap at Belgian plant

Published 11:41 on November 20, 2024  /  Last updated at 11:41 on November 20, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

A planned billion-euro investment in the greening of ArcelorMittal’s plant in Gent, Belgium was suspended earlier this week, casting doubt on the company’s wider commitment to decarbonisation in Europe.

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