‘Demand destruction’ fuelled record drop in EU industrial emissions last year, analysts say
The record decline in CO2 emissions registered in Europe in 2023 was caused in part by “demand destruction” across a range of energy-intensive industries, which could prove “permanent” due to high gas prices and carbon pricing policies, analysts say.
Read MoreEU “trailing behind” UK on CCS policy, industry group says
The European Commission “really needs to step up its game” when it comes to putting together a supportive policy framework for carbon capture and storage (CCS) technology, according to an industry association.
Read MoreEU, US to move forward on creating “transatlantic green marketplace”, raw materials club
The sixth ministerial meeting of the EU-US Trade and Technology Council (TTC) takes place on Thursday and Friday in the university town of Leuven in Belgium, with cooperation on green technologies and raw materials high on the agenda.
Read MoreEU ETS free allocation rules adopted, hailed as “win-win for climate and business”
New rules on the free allocation of carbon pollution permits under the EU ETS became law on Thursday with their publication in the Official Journal of the European Union.
Read MoreFEATURE: Low-carbon cement makers fatalistic over free EU ETS allocation rules
While industry frontrunners are developing ways of reducing the emissions-heavy clinker content of cement, critics say the EU’s free ETS allocation rules were designed for established production methods that effectively delay climate action.
Read MoreFEATURE: “We need to plan a revolution” — CCS industry sets out EU election plea
The carbon capture and storage (CCS) industry is urging policymakers to put the emphasis on CO2 transport infrastructure and target-setting to make Europe a world leader in industrial decarbonisation.
Read MoreEarly auctions for ETS2 would help hedging, price discovery -analyst
As companies prepare for the start of the ETS2 in 2027, there are currently no possibilities for them to hedge against rising CO2 prices on the EU’s newly-created carbon market for transport and heating fuels, writes a prominent carbon market analyst.
Read MoreNordics take lead on CCS, negative emissions as EU debates 2040 climate goal
Finland and Sweden – the two EU countries with the biggest forest carbon sinks – came up with the most elaborate positions on carbon capture and storage (CCS) as well as negative emission technologies during a ministerial debate on Monday about the EU’s future 2040 climate policy.
Read MoreCompliance with UN climate goal is “essential feature” of EU carbon removals law, experts say
Two prominent climate policy experts have taken issue with criticisms that the EU’s Carbon Removal Certification Framework risks leading to double counting towards UN climate targets, saying this is “an essential feature rather than a bug”.
Read MoreJust 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.
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