Biofuels need to be diverted and power ramped up to decarbonise EU aviation, says think tank

Published 17:00 on September 3, 2024  /  Last updated at 17:00 on September 3, 2024  / /  Aviation/CORSIA, EMEA, EU ETS, International

Diverting biofuel production from road transport to the aviation sector could help it reach its decarbonisation targets, while a massive ramp up of renewable and additional electricity production will be needed to meet the 2050 goals, according to a report by a German climate think tank.

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FEATURE: Lack of clarity on penalties casts doubt over efficacy of CORSIA carbon offsetting scheme

Published 17:37 on September 2, 2024  /  Last updated at 11:31 on September 3, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Voluntary

A lack of clarity on how the CORSIA penalty system will work, and the fact only a handful of countries have started transposing the UN’s international aviation offsetting scheme into their national laws, raises doubts over how the mechanism will be enforced.

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New shipping decarbonisation options emerge with clean fuels in short supply -insurer

Published 15:51 on August 30, 2024  /  Last updated at 15:51 on August 30, 2024  / /  EMEA, EU ETS, International, Shipping

Fossil fuel consuming ships paired with carbon capture, nuclear propulsion, and hydrogen-powered fuel cells are emerging as a new decarbonisation option due to the scarcity of low-carbon fuels, according to a global shipping insurer’s decarbonisation outlook.

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European Commission taken to court again by NGOs over green finance labels

Published 12:08 on August 29, 2024  /  Last updated at 12:08 on August 29, 2024  / /  EMEA

Another coalition of NGOs are taking the EU Commission to court over the decision to include fossil fuel planes and ships in the bloc’s sustainable finance legislation, a day after non-profits said they are suing the EU over its weak 2030 emissions reduction target.

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Germany ups decarbonisation subsidies despite budget woes

Published 17:11 on August 27, 2024  /  Last updated at 17:11 on August 27, 2024  / /  EMEA, EU ETS

All building owners in Germany will soon be able to apply for subsidies to decarbonise their heating system, the economy ministry announced on Tuesday, in a move that may help the country better prepare for the introduction of the EU-wide heating and transport Emission Trading System (ETS2).

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World’s first green ammonia plant opens in Denmark

Published 14:07 on August 27, 2024  /  Last updated at 14:07 on August 27, 2024  / /  EMEA, EU ETS, International, Shipping

A first-of-its-kind green ammonia plant that will take advantage of power fluctuations from wind and solar power was opened on Tuesday by a trio of Danish clean tech companies, with a view to decarbonise shipping, fertilisers and heavy industry.

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Experts recommend how to “responsibly” integrate carbon removal in EU 2040 climate policy

Published 17:11 on August 26, 2024  /  Last updated at 17:11 on August 26, 2024  / /  EMEA, EU ETS

Climate policy experts have shared their key recommendations on how to implement carbon removal (CDR) technologies within the EU’s 2040 climate target, based on findings from a four-year project funded by the European Commission.

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Oil demand from shipping sector to peak by mid-2020s -consultancy

Published 15:13 on August 22, 2024  /  Last updated at 15:13 on August 22, 2024  / /  EMEA, EU ETS, International, Shipping

Demand for fuel oil from the maritime sector is expected to peak by the mid-2020s, displaced in large part by LNG and increasingly efficient ships, according to a global energy consultancy.

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Emissions cap should be maintained if carbon removals included in UK ETS, say consultation respondents

Published 16:36 on August 21, 2024  /  Last updated at 16:41 on August 21, 2024  / /  EMEA, EU ETS, UK ETS, Voluntary

Industry and NGOs backed the UK government’s proposal to maintain the gross emissions cap if greenhouse gas removals (GGRs) are included in the UK ETS, and argued their inclusion could incentivise their uptake but additional support will still be needed, according to responses to a government consultation.

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Germany shrinks funding for climate in its draft budget

Published 16:59 on August 19, 2024  /  Last updated at 16:59 on August 19, 2024  / /  EMEA, EU ETS

Germany’s coalition government has agreed a diminished draft budget for its national climate and energy transition fund for 2025, and attracted criticism for optimistic assumptions about emissions trading revenue.

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