EU publishes draft rules for tracing renewable and recycled carbon fuels
The European Commission has issued draft rules establishing a Union database to ensure only certified green fuels are counted for the achievement of EU decarbonisation targets, while avoiding any risk of fraud or double counting.
Read More2040 climate target, role of nuclear on the agenda at EU meeting on COP29
The European Union’s 27 climate and environment ministers are set to adopt their negotiating mandate for the November UN climate summit in Baku, with only two final discussion points on the table, French officials have said.
Read MoreCFEL24: Analysts forecast 50-cent rise in fuel prices due to EU ETS2
The price of petrol and diesel is expected to jump on average by €0.50 per litre at the pump across Europe when the EU’s new Emissions Trading Scheme for road transport and heating fuels (ETS2) comes into force, analysts have said.
Read MoreCFEL24: Airlines see CORSIA credit supply ‘tipping point’ approaching
The current lack of supply in carbon credits approved under the UN’s CORSIA carbon offsetting scheme could be coming to an end in November when new voluntary carbon standards are expected to be approved under the scheme by the International Civil Aviation Organisation (ICAO), industry officials say.
Read MoreBRIEFING: All the new climate initiatives to expect from the European Commission’s next five-year term
The new European Commission has a wide range of climate initiatives in store for the next five years – as President Ursula von der Leyen keeps climate change at the heart of her second mandate while shifting the focus to implementation and industrial policy, according to the mission letters she sent to her team of commissioners-designate.
Read MoreFEATURE: ‘Panic’ as EU’s new green product reporting rules come into effect
Manufacturers across the globe are bracing for new ecodesign reporting obligations in Europe, with full disclosure of the carbon content and wider environmental footprint of products soon becoming obligatory for any company placing goods on the EU market.
Read More‘We are in deep shit’: EU steelmakers turn to Brazil for green iron, hoping to safeguard European jobs
Importing Brazilian iron briquettes made with green hydrogen could reduce carbon emissions by 80% and help the EU’s industry meet its climate target for 2030 while avoiding a social bloodbath, according to the European steel industry association.
Read MoreEmployers’ group urges EU to ‘reconsider’ phase out of free ETS allowances
BusinessEurope, an umbrella group representing national employer’s organisations, has called on policymakers to “reconsider” the planned phase out of free allowances under the EU’s Emissions Trading System (EU ETS), saying Europe should “be prepared” in case its new carbon border tariff scheme fails to deliver.
Read MoreEU to table 2040 climate target plan ‘very early’ next year, official says
The European Commission is preparing to put forward its legislative proposal for a 2040 climate target “very early” in 2025, an official has said, suggesting the EU could be ready to submit its Nationally Determined Contribution (NDC) in time for the UN’s February deadline.
Read MoreEU’s upcoming Clean Industrial Deal starts to take shape
Due to be unveiled within 100 days after the new European Commission takes office, the Clean Industrial Deal will focus on five key priorities, and put energy-intensive industries like steel and chemicals in the spotlight, a senior EU official has said.
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