Just transition takes centre stage as EU countries debate 2040 climate goal
Concerns about social acceptance, industrial policy, and finance came to the fore on Monday as the EU’s 27 environment ministers debated the bloc’s 2040 climate target.
Read MoreEU gives final green light to gas saving measures until April 2025
The Council of EU member states gave the final go ahead Monday to measures aiming to reduce gas demand by at least 15% compared to 2017-2022.
Read MoreFEATURE: EU ‘pretty open’ to carbon removal incentives, including from ETS
The European Commission is looking at regulatory and financial incentives to support carbon removal technologies, a senior EU official has confirmed, insisting though that removals should be used as “a complement, not a substitute” to emission reductions.
Read MoreEU ETS2 prices seen hitting €200 mark by 2030 -analysts
Prices in the EU’s ETS for transport and heating fuels (ETS2) are expected to surpass those of the existing carbon market as early as 2029, and exceed €200/tonne of CO2 by 2030, according to projections unveiled this week.
Read MoreNew alliance launched to promote enhanced weathering technologies for carbon removals
The Enhanced Weathering Alliance (EWA) was officially established on Thursday, bringing together top-tier companies in an emerging technology field for carbon removals (CDR).
Read MoreTransport to make ‘almost half’ of Europe’s emissions in 2030 -report
Transport alone is set to make up nearly half of Europe’s total greenhouse gas (GHG) emissions in 2030, according to fresh data published on Wednesday.
Read MorePREVIEW: France, US to push financing for new projects at world’s first nuclear energy summit
Brussels will play host on Thursday to the first ever nuclear energy summit, with France and the US pushing for new financing mechanisms to be deployed across the globe to help countries ditch coal and transition away from fossil fuels.
Read MoreFEATURE: Oslo incinerator plans to raise up to €50 mln from voluntary market to fund carbon capture facility
A waste-to-energy plant in the Norwegian capital is planning to sell an initial 50,000 removal credits on the voluntary carbon market by the summer in a bid to raise capital for the construction of a carbon capture and storage (CCS) facility.
Read MoreEU must be open to CBAM changes, says senior lawmaker
The chair of the European Parliament’s international trade committee has called on the EU to be “flexible” with the Carbon Border Adjustment Mechanism (CBAM), saying legislators should be ready to amend the regulation if needed at the end of the transitional period.
Read MoreEU adopts Green Deal diplomacy, with focus on climate and carbon pricing
The EU’s 27 foreign affairs ministers adopted ‘conclusions’ on the bloc’s Green Deal diplomacy on Monday, putting the emphasis on the “triple planetary crisis” of climate change, biodiversity loss and pollution, while calling on foreign countries to develop carbon pricing policies of their own.
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