EU ETS-financed Modernisation Fund doles out €2.7 bln to eight countries
The EU disbursed €2.7 billion from the EU ETS-financed Modernisation Fund for decarbonisation measures in eight member states, the European Commission announced, at the same time it approved billions of euros of state aid for clean energy projects.
Read MoreEU gives green light to €3-bln French scheme to decarbonise EU ETS industries
The European Commission gave France the go-ahead on Wednesday to disburse €3 billion of state aid in support of decarbonisation efforts from industries covered by the EU’s Emissions Trading Scheme (EU ETS).
Read MoreFrench asset manager seeks investors for €500-mln nature fund
A large private investment house is seeking investors for its €500 million nature-based solutions fund, which will finance carbon project development, and is on the cusp of finalising €50 mln from the European Investment Bank (EIB).
Read MorePoland can teach the rest of the bloc how to become a cleantech powerhouse -think tank
Poland can use its Council of the EU presidency next year to help the EU become a global clean tech hub, applying lessons learned from its own success story, a think tank said on Wednesday.
Read MoreItaly gets EU green light for aid to build 18 GW of new renewables
Italy has received the green light on Tuesday for a €9.7-billion scheme to support the construction of new renewable power capacity that could increase the country’s installed total by nearly a third compared to 2023.
Read MoreMontenegro seeks CBAM exemption by linking power system with EU -media
Montenegro has asked for an exemption from the first year of the EU’s Carbon Border Adjustment Mechanism (CBAM), the country’s energy minister said on Friday as reported by local media.
Read MorePREVIEW: Five things to watch on EU climate policy in 2025
With the Polish EU Council presidency focusing on energy security in the first half of the year, the initiative on climate is expected to come from the European Commission, with a series of proposals due in the first quarter, including a much-awaited Clean Industrial Deal at the end of February.
Read MoreStronger carbon price with complementary measures needed for decarbonisation -think tank
The current EU ETS price signal will take too long to fully decarbonise the economy unless elements that soften the mechanism are phased out and liquidity is increased, a report by a Brussels-based think tank said on Thursday.
Read MoreEU conservatives pushing to cancel CO2 fines for carmakers
Lawmakers from the centre-right European People’s Party (EPP) have called on the EU to find ways of avoiding fines for carmakers that fail to meet their CO2 reduction targets in 2025, saying “a realistic approach” is needed on EU climate goals.
Read MoreFEATURE: EU weighs touchy question of whether to count international carbon credits towards CBAM
The EU is weighing how its Carbon Border Adjustment Mechanism (CBAM) should treat the international credits included in the carbon pricing schemes of other countries — with climate experts and industry representatives divided on whether these should be deductible from border fees.
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