Poland 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.
Read MoreBrussels urges “electricity revolution” to cut EU fossil fuel dependence
The European Union must launch an “electricity revolution” to slash fossil fuel imports and turn Europe into “the first electric continent”, the European Commission’s new top energy official said on Wednesday, ahead of an EU‑wide electrification action plan due on July 15.
Read MoreOil and gas industry cuts EU CO2 storage outlook to 35 Mt by 2030
EU oil and gas producers have further cut their expectations for 2030 CO2 storage capacity in Europe, with new industry data showing a shrinking project pipeline that clashes with Brussels’ upbeat assessment of progress towards the bloc’s injection target of 50 million tonnes per year.
Read MoreKey Parliament lawmaker seeks broad majority behind EU ETS reform
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left.
Read MoreEU countries reject national EV targets for corporate car fleets
A majority of EU member states have rejected a European Commission proposal to set binding national targets for zero-emission vehicles in corporate fleets, instead signalling support for non-binding “guidelines” at a meeting of EU transport ministers on Monday in Luxembourg.
Read MoreAxing MSR ‘invalidation clause’ risks new oversupply shock in EU carbon market, watchdog warns
Carbon Market Watch has urged EU lawmakers to reject a European Commission plan to scrap the EU ETS Market Stability Reserve’s invalidation rule, warning it would “neutralise” the reserve’s core function and risk a new period of structural oversupply and depressed carbon prices.
Read MoreLawmakers see final deal on EU ETS Market Stability Reserve in September
A centrist alliance in the European Parliament is pushing to adopt their position on the revision of the EU ETS Market Stability Reserve (MSR) in September, paving the way for a final deal with EU member states in the same month.
Read MoreEU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
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