FEATURE: Enhanced weathering alliance seeks EU certification for carbon removals

Published 10:08 on July 18, 2024  /  Last updated at 10:08 on July 18, 2024  / /  EMEA, EU ETS, Nature-based, Voluntary

The Enhanced Weathering Alliance (EWA) has denounced an “opaque” process for developing CO2 removal certification methodologies at EU level, calling on the European Commission to provide more clarity around timelines and deliverables.

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Von der Leyen wins EU Parliament vote, puts ‘new clean industrial deal’ at centre of second mandate

Published 09:47 on July 18, 2024  /  Last updated at 18:02 on July 18, 2024  / /  EMEA

Ursula von der Leyen won the European Parliament’s backing on Thursday for a second mandate as EU Commission President, with a pledge to “stay the course” on climate policy and focus on implementing the Green Deal in the coming five years.

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EU’s renewable hydrogen goals ‘unlikely to be met’, auditors say

Published 23:01 on July 16, 2024  /  Last updated at 15:27 on July 16, 2024  / /  EMEA, EU ETS

The European Union is unlikely to meet its 2030 goal for domestic production and import of renewable hydrogen, according to the European Court of Auditors (ECA), who are calling for “a reality check” on targets they describe as “overly ambitious”.

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INTERVIEW: EU oil and gas industry on track to reach 42 mln tonnes of CO2 storage per year

Published 16:17 on July 15, 2024  /  Last updated at 16:17 on July 15, 2024  / /  EMEA, EU ETS

Based on current projects, Europe’s oil and gas producers are on track to reach 42 million tonnes of CO2 stored per year by 2030, falling short of an EU-wide target of 50 mln, the industry’s trade association told Carbon Pulse in an interview.

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Investors pour $37 mln into firm turning CO2 into solid rock

Published 09:24 on July 15, 2024  /  Last updated at 09:24 on July 15, 2024  / /  EMEA, Voluntary

A climate-focused investment fund has completed a $37 million Series A investment round in a leading provider of carbon mineralisation technology, aiming to accelerate the process of turning CO2 into solid rock for permanent sequestration.

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‘Lack of economics’ for hydrogen, CCS slowing green transition in petrochemicals, says Poland’s Orlen

Published 12:34 on July 12, 2024  /  Last updated at 12:34 on July 12, 2024  / /  EMEA, EU ETS

Orlen, one of the largest oil refiners and retailers in Central and Eastern Europe, is looking at a range of technologies to hit net-zero emissions by 2050, including continued investments in wind power as well as clean hydrogen, small nuclear reactors, and carbon capture and storage (CCS), a company executive has said.

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BRIEFING: How Europe is preparing to regulate CO2 transport networks to unleash CCS

Published 09:27 on July 12, 2024  /  Last updated at 09:27 on July 12, 2024  / /  EMEA, EU ETS

Lack of CO2 transport infrastructure is still regarded as the main obstacle for large-scale deployment of carbon capture and storage (CCS) in the EU, but potential business models are beginning to emerge as the European Commission prepares to regulate the nascent infrastructure industry.

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BRIEFING: Deep EU power market reform needed to reach climate goals, experts say

Published 10:57 on July 9, 2024  /  Last updated at 10:57 on July 9, 2024  / /  EMEA

Although it was overhauled this year to address the energy crisis caused by Russia’s war in Ukraine, the EU power market will need a second round of reform to enable a growing share of renewables in the system, experts say.

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INTERVIEW: Shippers to start pushing up EU carbon price from 2025, analyst says

Published 17:28 on July 8, 2024  /  Last updated at 17:28 on July 8, 2024  / /  EMEA, EU ETS, International, Shipping

The year 2025 will mark and inflection point in the way maritime companies account for their CO2 emissions, as shippers start realising the consequences of the sector’s inclusion in the EU’s Emissions Trading System (EU ETS), according to a French academic.

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France tables CCS strategy, aiming to capture up to 8 MtCO2/y by 2030

Published 10:41 on July 8, 2024  /  Last updated at 10:41 on July 8, 2024  / /  EMEA, EU ETS

The French government put forward its carbon capture, utilisation, and storage (CCUS) strategy on Friday, outlining a roadmap to catch 4-8 million tonnes of CO2 per year by 2030, targeting hard-to-abate sectors of industry across four “CCS valleys”.

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