France puts ETS price corridor on EU agenda, questions funding model for Industrial Decarbonisation Bank
Paris on Thursday added a last-minute item to the agenda of a meeting of the EU27 environment ministers in Brussels, urging initiatives to stabilise prices across EU carbon markets, and questioning ETS funding for the bloc’s future Industrial Decarbonisation Bank.
Read MoreEU confirms plan to cast CO2 removal certification methodologies into law this year, despite heated debate on biomass
The European Commission on Wednesday confirmed its intention to put forward draft legislation this year to certify permanent carbon removals from direct air capture with carbon storage (DACCS), bioenergy with carbon capture and storage (BECCS), and biochar.
Read MoreEU issues draft rules for verification of aviation emissions data
The European Commission has published draft rules for the verification of emissions data submitted by airlines under the EU’s Emissions Trading Scheme (EU ETS) as well as for the accreditation of verifiers to perform the checks, including on green jet fuels.
Read MoreBRIEFING: EU seeks to promote highest carbon value for wood, biomass
With its carbon removals certification scheme agreed last year, the European Commission is seeking to promote biomass use with higher value-added than biofuels or bioenergy – both financially and from a climate perspective, a senior EU official has said.
Read MoreResearchers pitch ‘export adjustments’ for EU industries covered by CBAM
A climate think tank has suggested a compensation scheme for European exporters of goods covered by the EU’s Carbon Border Adjustment Mechanism (CBAM) who will stop receiving free emission allowances under the bloc’s carbon market.
Read MoreEU’s 2040 climate target likely to be delayed, Commission admits
Days after confirming its commitment to publish a 2040 climate target proposal before the end of March, the European Commission made an about-turn on Monday, admitting that the deadline will likely be missed.
Read MoreFEATURE: EU aims to adopt CO2 quality standard for CCS pipelines by mid-2026
Quality standards are essential for captured CO2 to be traded across the EU and flow across borders into pipelines, but too-high standards also risk inflating costs for industry, and regulators are seeking for the right balance.
Read MoreEU’s 2040 climate target still due by end of March, followed by NDC in Q2
The European Commission denied reports that its 2040 target proposal could be delayed into the second quarter, rectifying statements from its vice-president Teresa Ribera who suggested in an interview that the initiative would be postponed.
Read MoreBRIEFING: Romania eyes lion’s share of EU CO2 storage target
Bucharest has an obligation to provide 10.3 million tonnes of annual CO2 storage capacity under the EU’s Net Zero Industry Act (NZIA), representing about 20% of the EU’s objective by 2030, according to figures circulated in Brussels by the country’s national regulator.
Read MoreEU teases metals industry with announced changes to CBAM for exports
Steel and aluminium producers have welcomed announced changes to the EU’s Carbon Border Adjustment Mechanism (CBAM) to deal with exports, and called on policymakers to move swiftly into gear in order to protect Europe’s industry.
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