EU urged to turn €100 bln Industrial Decarbonisation Bank into project delivery machine
The European Commission’s planned €100 billion Industrial Decarbonisation Bank (IDB) should be designed less as a grant pot and more as a coordinated delivery system for low-carbon projects, with targeted backing for shared infrastructure, a think tank has argued.
Read MoreSweden, Finland press EU to keep ETS emission cuts “close to 90%” in upcoming revamp
The prime ministers of Sweden and Finland are urging the European Commission to keep the Emissions Trading System (EU ETS) at the core of the EU’s new 2040 climate regime, in major review it’s due to present on Friday, warning against shifting extra burden onto member states’ national targets, forest sinks, or international offsets.
Read MoreNew governance needed to manage growing EU ETS complexity, think tank says
The European Union must overhaul how it steers its carbon market, with a more dynamic Market Stability Reserve (MSR) at the heart of a new governance architecture that could eventually lead to a European Carbon Central Bank, according to a Brussels-based think tank.
Read MoreEU clears massive €63 bln French offshore wind support scheme
The European Commission has approved a €63 billion French scheme to support eleven offshore wind farms, in one of the largest single state aid packages yet signed off under the EU’s Clean Industrial Deal State Aid Framework (CISAF).
Read MoreEU’s Ribera urges China to back IMO net zero shipping deal by December
The European Commission’s executive vice president, Teresa Ribera, on Monday urged governments to clinch a “meaningful agreement” on the IMO’s net zero emissions framework for shipping at a key committee meeting in December, calling on China in particular to move from declarations to delivery on climate action at sea.
Read MoreLEAK: EU plans procurement rules overhaul to hard‑wire green criteria into public tenders
The European Commission is preparing sweeping changes to EU public purchasing rules that would turn procurement into a driver of decarbonisation, circularity, and energy efficiency, according to a leaked draft of its forthcoming Public Procurement Act seen by Carbon Pulse.
Read MoreParliament groups stake out positions on EU ETS ahead of major overhaul
Lawmakers from three major political groups in the European Parliament have written separate letters to the EU executive in recent days, backing a “strong and stable” EU Emissions Trading System (ETS) as Brussels prepares to unveil a major overhaul of the bloc’s carbon market on July 17.
Read MoreFrench think tank pitches 25% EU ETS revenue share to decarbonise industry
EU governments should sharply increase spending from the EU’s Emissions Trading System (ETS) for industrial decarbonisation, based on stricter conditionality rules, more targeted spending, and greater transparency, argues a new paper by the Jacques Delors Energy Centre.
Read MoreAluminium industry urges Brussels to ‘stop the clock’ on EU CBAM pending urgent fixes
A European Parliament vote on revising the EU’s Carbon Border Adjustment Mechanism (CBAM) has left major loopholes unresolved for the aluminium sector, the industry’s trade association has warned, calling for the scheme to be suspended unless the issues are fixed.
Read MoreFEATURE: EU weighs central purchasing authority for carbon removals in ETS
The European Commission is weighing the creation of a central purchasing authority for carbon removal units entering the EU Emissions Trading System (EU ETS), a move supported by environmentalists, but which also has drawbacks.
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