EU ELECTIONS: Parliament lurches to the right as 2019 ‘Green wave’ recedes
The European Parliament elections delivered their verdict on Sunday evening, with hardline conservatives and the far-right making gains as expected, leaving the Greens and nationalist groups as potential kingmakers during open-ended talks opening now to form a new EU executive.
Read MoreSolar PV, China dominate IEA’s 2024 energy investment report
Investments in clean energy are surging globally to reach almost double the amount going to fossil fuels in 2024, according to the International Energy Agency’s (IEA’s) latest annual investment report, with solar PV surpassing all other energy sources combined.
Read MorePressure builds on EU to open carbon market to CO2 removals
Leading politicians have stepped forward to ask for the inclusion of carbon removals in the EU’s Emissions Trading Scheme (EU ETS), with Poland’s climate minister and the chief ETS lawmaker in the European Parliament joining calls to address a looming liquidity crunch to avoid “market manipulation”.
Read MoreClean power can cover 90% of EU industry’s future energy needs, study says
Direct electrification of process heat used to make steel, chemicals, and other industrial goods could meet 90% of the remaining energy demand from European industry that has not yet been electrified by 2035, according to a study released on Wednesday.
Read MoreGuardian ‘open’ to writing positive stories about VCM, when they emerge
“Good projects” have been caught up in the controversy about the voluntary carbon market exposed by the Guardian, acknowledged one of the journalists who wrote the stories, adding that editors at the UK-based newspaper were committed to write about “good examples” when they emerge.
Read More‘We will work our ass off’ to close Article 6 deal, EU Commission says
The European Commission is stepping up efforts to close a deal on international carbon credits, but a successful outcome needs to be based on a clear understanding that emissions reductions or removals – rather than climate finance – are the top priority, a senior EU official has said.
Read MoreArcelorMittal gets €1.3 bln to decarbonise German steel production
Steel production company ArcelorMittal will be handed over €1.27 billion in subsidies to decarbonise its production at two plants in Germany, the country’s government announced on Thursday.
Read MoreINTERVIEW: Chief EU ETS lawmaker ‘concerned’ about de-industrialisation on path to 2030
Peter Liese, a German conservative who was the European Parliament’s speaker on the EU’s Emissions Trading Scheme (EU ETS) in the current five-year mandate, expressed concerns that Europe will lose its industry as it gets closer to reaching its 2030 climate goals.
Read MoreNet zero transition cheaper for consumers than status quo, IEA report finds
While clean technologies like electric vehicles and heat pumps may require higher upfront funding than fossil fuels, their low running costs make them a cheaper option for consumers in the long term, making the green transition fairer than the status quo, the International Energy Agency (IEA) said in a new report.
Read More‘Europe badly needs an industrial policy’, says Polish climate minister
The European Union must beef up support for its domestic clean tech industry otherwise it will be wiped out by heavily-subsidised Chinese and US competitors, warned Poland’s climate minister.
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