RWE posts 19% drop in EU ETS-covered fossil power output in H1
RWE reported a drop of almost one-fifth year-on-year in power generation covered by the EU ETS during the first six months of 2024, according to preliminary results published Monday.
Read MoreEuropean utilities report drop in thermal power output, increased renewables generation
Multiple Europe-headquartered power generation firms reported a drop in EU ETS-covered output in quarterly results this week, while their renewable energy output soared.
Read MoreLaunch of global coalition focused on hitting 2030 climate goals
A global climate coalition focused on the urgent delivery of the world’s 2030 climate goals, endorsed by top climate figures, officially launched on Friday.
Read MoreFEATURE: Commission likely to be cautious about adding more REPowerEU volumes to auction schedule -analysts
The European Commission will likely be cautious about adding further EU allowance volumes to its forthcoming auctioning schedule aimed at raising money for the bloc’s REPowerEU programme to exit Russian fossil fuels, as this could lead prices to fall further, analysts told Carbon Pulse.
Read MoreSteel demand remains sluggish in Europe as recovery fails to pick up
Swedish steelmaker SSAB highlighted weak demand in Q2 and predicted pronounced low demand in Q3 in results published this week, amid a persistent worsening outlook for the European steel sector as a whole.
Read MoreScience-based targets overly simplistic and can lead to unequal distribution of responsibility -paper
There are major issues with how science-based targets are set by companies and governments alike, including basic misinterpretation and over-simplification, scientists have warned.
Read MoreEnvironmental groups take issue with IPCC’s approach to carbon removals, CCS
A group of civil society and Indigenous Peoples organisations have written to the UN’s climate change science body, the IPCC, highlighting the risk of over-relying on carbon dioxide removals (CDR) in meeting global climate goals.
Read MoreEU updates guidelines on how to store and capture CO2
The European Commission’s newly updated guidelines on how to store CO2 in geological reservoirs could lead more companies to opt to shave their carbon costs by storing emissions.
Read MoreBRIEFING: EU looking into ways to simplify CBAM as early as 2025 -EU official
The European Commission is looking into ways to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) from as early as next year, the head of the Commission’s taxation unit told Carbon Pulse.
Read MoreTurkish parliament approves law to start taxing ship emissions
The Turkish parliament has passed a law requiring ships to pay for the greenhouse gas emissions released when entering and departing from the country’s ports.
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