EU publishes long-awaited rules for permanently storing carbon in products to avoid ETS costs
EU long-awaited rules are out on the criteria for what constitutes permanent carbon storage in products, providing clarity to firms as to how they can avoid purchasing allowances in the bloc’s ETS.
Read MoreInternational carbon credit developers to launch new lobby group in Brussels
Multiple international carbon project developers are set to come together to launch a Brussels-based lobby group to protect and promote the use of voluntary credit use in climate mitigation, according to the EU’s transparency register.
Read MoreHidden emissions from CCUS push could derail the UK’s net zero strategy -think tank
A drive to scale carbon capture utilisation and storage (CCUS) projects, including ‘blue’ hydrogen and gas with abatement, could lead to increased demand for LNG imports, which in turn would cause the UK to exceed its carbon budget, research by a financial climate think tank has found.
Read MoreEU nations call to tweak how ETS is applied to shipping sector to avoid carbon leakage
Spain, backed by a number of EU countries, has proposed tweaking how the ETS is applied to the maritime sector to avoid carbon leakage, and urged the UN shipping body to adopt greenhouse gas emissions measures to avoid regulatory fragmentation.
Read MoreEU biochar carbon removal methodology to generate first units in 2026 -official
The European Commission is aiming to complete a draft methodology for biochar carbon removal methodology by early 2025 and certify the first units in 2026, a senior EU official said during an expert group meeting on Tuesday, during which the Danish climate ministry also announced they are preparing a national biochar strategy.
Read MoreEU climate ministers widely endorse 2040 90% GHG reduction target
Most EU ministers expressed their support for the 90% greenhouse gas emissions reduction target by 2040, put forward by the European Commission earlier this year, in a meeting on Monday.
Read MoreBRIEFING: Bonn climate talks – a ‘detour’ on the way to Baku?
Stalled talks on a new goal for global climate finance marred tentative progress made on Article 6 negotiations at the mid-year UN climate summit in Bonn last week, which also saw the historic December agreement made by countries to transition away from fossil fuels pushed into the background, observers said.
Read MoreDanish Parliament approves CO2 tax for industry, shipping
The Danish parliament has approved two bills that will impose a CO2 tax on parts of industry, including shipping and waste-to-energy companies, from next year.
Read MoreCompanies mostly ready for EU’s new sustainability reporting rules -survey
Almost two-thirds of companies feel confident about their ability to comply with the EU’s newly-adopted Corporate Sustainability Reporting Directive (CSRD) due to start applying this year, according to a new survey.
Read MoreEU, UK falling far behind clean hydrogen targets for 2030, study finds
Current commitments for low-carbon hydrogen production in the EU and UK are nowhere near enough to hit their stated 2030 goals, a think-tank has warned.
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