EU, Mexico sign trade deal with binding climate commitments
The European Union and Mexico have sealed a modernised trade pact that for the first time anchors their commercial relationship in legally binding climate obligations and a sizeable clean-transition investment agenda, positioning Mexico as a “privileged partner” for the EU’s green and digital transitions.
Read MoreINTERVIEW: Free EU ETS allowances could fund industrial decarbonisation, says ex-official
The EU should consider tying the distribution of free allowances in the bloc’s Emissions Trading System (ETS) to industrial decarbonisation investment in Europe, according to the former top climate official at the European Commission.
Read MorePoliticians clash over EU ETS reform in European Parliament
European Parliament members clashed sharply over the future of the EU’s Emissions Trading System (ETS) on Wednesday, laying bare a deep divide between those seeking to tighten the bloc’s carbon market and a powerful coalition on the right calling for its suspension, overhaul, or outright abolition.
Read MoreEU carbon removals buyers’ club officially launched in Brussels
The European Commission and private sector players formally launched the EU’s carbon removals buyers’ club in Brussels this week, though the organisation’s governance and legal structure remain to be clarified.
Read MoreEurope’s industrial crisis now at core of EU ETS debate, think tank says
Industrial competitiveness has moved to the centre of the European climate debate, with the EU’s Emissions Trading System (ETS) now judged as much by its impact on energy‑intensive industry as by its emissions cuts, according to this year’s State of the EU ETS Report, published on Wednesday by a Brussels think tank.
Read MoreEU policy advisors chart options for carbon removal buyers’ club
An EU-backed buyers’ club for carbon removal (CDR) credits has emerged as the leading option to unlock private finance for the sector, with experts converging around a corporate‑led platform focused on near‑commercial projects in Europe.
Read MoreINTERVIEW: Saudi Arabia ready to ship renewable hydrogen to Europe in 2027
Saudi Arabia will soon be ready to produce green hydrogen-derived ammonia for a fraction of the costs currently seen in Europe, but slow EU policy implementation and trade bottlenecks are still holding back large-scale offtake and investment decisions, according to Acwa, a Saudi-listed developer.
Read MoreEuropean industry, green groups urge EU to implement ETS2 on schedule
More than 50 companies and civil society organisations have called on EU policymakers to launch the bloc’s Emissions Trading System for road transport and heating fuels (ETS2) as scheduled in 2028, warning that further delays or dilution would undermine investor confidence and climate goals.
Read MoreOil and gas industry urges boosting EU domestic output in response to Middle East war
The oil and gas industry has urged the European Union to increase domestic fossil fuel production in response to the conflict in the Middle East, while relaxing gas storage obligations ahead of the heating season, suspending methane rules, and accelerating the review of the bloc’s restrictive clean hydrogen production standards.
Read MoreArcelorMittal calls for freezing EU carbon costs at 2026 levels
Steelmaker ArcelorMittal has called for a “pause” in the EU Emissions Trading System (ETS), warning that rising carbon costs over the coming years will undermine the sector’s ability to invest in decarbonisation as manufacturers lack viable options to cut emissions.
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