UK, Belgium ink landmark deal to open cross-border CO2 storage route
Belgium and the UK have signed a memorandum of understanding (MoU) under the London Protocol to enable the cross-border transport and permanent storage of Belgian industrial CO2 in UK offshore storage sites, in what industry body CCSA hailed as a major step toward a Europe‑wide carbon storage market.
Read MoreBRIEFING: EU eyes ‘Governance 2.0’ to turn national climate plans into investment roadmaps
The European Commission is preparing a major overhaul of the EU’s energy and climate governance rules, aiming to turn national planning from a reporting exercise into what officials described as “credible investment roadmaps” for the post-2030 energy transition.
Read MoreConsumer groups target EU energy majors over ‘green’ gas offers
EU consumer groups have lodged a greenwashing complaint with the European Commission and national consumer protection authorities against energy majors Engie, Eni Plenitude, Shell, and TotalEnergies over allegedly misleading marketing of “green” energy offers that still rely heavily on fossil gas.
Read MoreBRIEFING: EU eyes faster permitting, onshore CO2 storage to support industrial CCS
Europe must slash permitting times and embrace onshore CO2 storage if it wants to deploy carbon capture and storage (CCS) at scale in cement and other hard to abate sectors at an affordable cost, according to EU officials, industry, and policy experts.
Read MoreEnvironmental groups challenge EU’s new carbon removal rules over ‘greenwashing’ risks
A coalition of environmental NGOs has triggered an internal review of the European Commission’s newly adopted methodologies for biogenic carbon removals, arguing they breach the EU’s Carbon Removals and Carbon Farming (CRCF) Regulation and could end up increasing emissions rather than cutting them.
Read MoreOil and gas industry says reprieve from EU methane rules “helpful but insufficient”
Industry groups have welcomed the European Commission’s draft move to ease penalties on fossil fuel importers that breach the EU Methane Regulation (EUMR), but warn the soft-law approach falls short of the legal overhaul they say is needed to avoid widespread non-compliance and energy supply risks.
Read MoreEV charging bosses warn EU grids risk becoming ‘bottleneck’ within five years
Europe’s power grids risk becoming a major bottleneck for electric vehicles within the next four to five years, even as high oil prices and new EU carbon rules are set to turbocharge demand for battery-powered cars, senior industry executives have warned.
Read MorePoland presses EU to ease carbon market pressure on cement CCS plans
The Polish government is urging the EU to dial back a planned tightening of its carbon market after 2030, warning that an “artificial scarcity” of allowances could undermine investments in carbon capture and storage (CCS) technology needed to decarbonise the country’s cement industry.
Read MorePoor communication on CCS is becoming a “political problem”, Danish MEP warns
Carbon capture and storage risks turning into a political liability in Europe because most people – including many politicians – have never seen it in action, Danish lawmaker Niels Flemming Hansen has warned, urging reforms to the EU carbon market to better support industrial decarbonisation and carbon dioxide removals (CDR).
Read More€13-trillion investor group urges EU leaders to shield ETS from pressure to weaken price
Institutional investors managing more than €13 trillion in assets have urged EU leaders to resist pressure to dilute the bloc’s carbon market as governments prepare a politically sensitive review of the EU Emissions Trading System (ETS) next month.
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