PREVIEW: EU’s permanent CDR buying programme seen reaching up to €6.2 bln
The European Commission’s upcoming buying programme for permanent carbon removals (CDR) is estimated to range between €2.5 and €6.2 billion, according to a study released ahead of a public workshop on financing CDR, hosted by the EU executive on Wednesday.
Read MoreBRIEFING: EU looking into blended finance to support carbon removals
The European Commission is looking into a combination of public and private finance to support carbon removals (CDR) and bridge the gap with the CO2 price on the EU’s Emissions Trading Scheme (ETS), an EU official has said.
Read MoreEU, UK strike initial agreement in ETS linking talks
UK carbon permit prices jumped an initial 6% on Monday following early news that the EU and UK had struck a broad deal to reset their relations after Brexit, including an early-stage agreement to link their emissions trading systems (ETSs) and exempt each other from upcoming carbon border fees — although few details were provided on the timeline for implementing a market link-up.
Read MoreShell pitches ‘mutual recognition’ of EU-UK CO2 storage ahead of key summit
Anglo-Dutch energy major Shell is pushing for the mutual recognition of CO2 transport and storage to boost EU-UK cooperation on climate as the two sides prepare for a landmark summit on Monday to ‘reset’ their relations after Britain left the EU five years ago.
Read MoreEuropean oil and gas firms trim down CO2 storage capacity estimate
Oil and gas companies have cut their 2030 estimate for CO2 storage capacity in Europe, citing regulatory uncertainty as the main factor slowing down project development.
Read MoreBRIEFING: EU to fine-tune carbon farming rules as experts question draft methodology
The European Commission will update its draft methodology for peatland rewetting, as part of a revisit of its proposed carbon farming certification rules, following questions from experts earlier this week.
Read MoreEU carbon market must adapt or risk political backlash, researcher warns
As Europe moves closer to net zero emissions, the EU’s Emissions Trading Scheme (ETS) needs to adapt and be governed increasingly as a dynamic system, or risks becoming vulnerable to political attacks, a climate researcher has warned.
Read MoreCCS costs in the Netherlands seen edging closer to €200/t
As CO2 infrastructure develops around industrial clusters in the North Sea, the overall cost of carbon capture and storage (CCS) in a country like the Netherlands is seen nearing the symbolic €200 per tonne of CO2 mark, experts say.
Read MoreCement, energy industries back EU-UK carbon markets linkage
The World Cement Association has backed linkage between the EU and UK Emissions Trading Schemes (ETS), adding to growing calls for the two sides to cooperate more closely on carbon pricing ahead of a crunch bilateral summit next week.
Read MoreBRIEFING: Who picks up the EU ETS bill? CO2 utilisation supply chain confronted with key carbon accounting issue
When CO2 is captured and put back in the industrial value chain – whether to grow tomatoes or to burn as a fuel – the awkward question inevitably comes up: who should pick up the bill for the related CO2 under the EU’s Emissions Trading Scheme (ETS)?
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