Europe’s LNG demand likely to peak in 2024, regulators say
Demand for liquefied natural gas (LNG) in Europe is likely to reach its peak this year due to structural demand reduction and decarbonisation policies, the EU’s energy regulators have said, adding to downward pressure on carbon prices in the short term.
Read MoreFEATURE: Europe accused of hijacking int’l carbon markets with removal certification
With its certification for emissions’ removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.
Read MoreEU carbon market diplomacy task force to focus on Article 6, VCM
The European Commission will prioritise Article 6 and voluntary markets as part of its international outreach efforts, in addition to compliance carbon markets, a senior EU official said on Wednesday.
Read MoreEU industries exposed to ‘full loss of export markets’ due to climate policies -report
While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.
Read More‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says
The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc’s ETS.
Read MoreINTERVIEW: Meet the Pirate lawmaker fighting for the world’s first carbon removal Bill of Rights
A lawmaker from the libertarian Pirate Party in tiny Luxembourg is fighting to have a groundbreaking regulation approved that would be the first in the world to provide an incentive scheme for carbon removal (CDR) technologies.
Read MoreETS emissions now down 47%, closing in on EU 2030 climate goal, official says
The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc’s ETS, an official said.
Read MoreParliament rubber-stamps EU law on truck CO2 emissions, carbon accounting
The European Parliament on Wednesday (April 10) gave the thumbs up to an EU law aimed at cutting CO2 emissions from new heavy-duty vehicles by 90% as of 2040.
Read MoreEU to propose 2040 climate plan, ETS revisions in 2026, official says
The European Commission is planning to launch a public consultation on the EU’s 2040 climate target “in early 2025” with a view to putting a formal legislative proposal on the table the following year, a senior official has said.
Read MoreLEAK: EU’s draft ‘strategic agenda’ for 2024-29 sees climate policy relegated to second row
A draft outline of the EU’s next “strategic agenda” for 2024-2029, seen by Carbon Pulse, puts defence and security at the top of the EU’s political priorities, while climate policy is refocused on strengthening the bloc’s industrial and strategic independence.
Read More