Fossil fuel generation tumbles to less than a quarter of EU electricity demand
Fossil fuels generated less than a quarter of EU electricity for the first month ever in April amid a surge in renewable demand, according to new data.
Read More2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
Read MoreEU carbon market diplomacy taskforce starts to take shape
The EU’s carbon market diplomacy taskforce was formally launched on April 1 by the European Commission’s climate directorate and an acting head has now been appointed, an EU official confirmed to Carbon Pulse.
Read MoreGermany launches tender to help Kosovo analyse impact of CBAM, regional ETS
Germany has launched a search for contractors to assist the government of Kosovo in preparing for the EU’s carbon border adjustment mechanism (CBAM) and to establish a regional ETS in the Balkans.
Read MoreScientists warn against reducing forests to mere carbon sinks and ignoring their social value
The rise of policies aimed at harnessing forests to absorb carbon is driving the commodification of forests, hindering the slow-down of deforestation, and ignoring their social benefits, scientists warned in a report published on Monday.
Read MoreUK government loses second ruling over inadequate climate plan
The UK government has lost a second case brought by environmental campaigners for not doing enough to meet its targets for cutting greenhouse gas emissions.
Read MoreEU ETS2 prices could almost quadruple with weak energy efficiency policies in place -report
The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.
Read MorePayment firm hikes carbon price and pours funding into carbon removal projects
An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.
Read MoreEU’s over-subscribed hydrogen bank auction awards €720 mln to seven projects
The EU ETS-funded European Hydrogen bank has awarded nearly €720 million to seven renewable hydrogen projects, following its first competitive bidding process, the European Commission announced on Tuesday.
Read MoreGlobal business association highlights “severe” challenges with EU CBAM
The world’s largest business association has written to the European Commission’s director general for taxation and customs union to call attention to the “severe” challenges companies have faced in complying with the first reporting period of the EU’s Carbon Border Adjustment Mechanism (CBAM).
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