Hungary lays out its green and climate priorities for next EU presidency

Published 16:19 on May 23, 2024  /  Last updated at 07:52 on May 24, 2024  / /  EMEA, EU ETS

Hungary’s energy and climate minister said the country will focus on advancing the green transition across the 27-nation bloc, as among the top climate and energy priorities during its turn with the EU presidency from July until year end.

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Failing to modernise grid will massively set back EU on climate targets -industry

Published 13:50 on May 22, 2024  /  Last updated at 13:50 on May 22, 2024  / /  EMEA, EU ETS

Failure to modernise the power grid could lead the EU to miss its climate targets by over 30% and jeopardise energy security, the European electricity industry association has warned.

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Carbon tech startup launches free voluntary credit insight platform

Published 11:00 on May 22, 2024  /  Last updated at 16:20 on May 22, 2024  / /  EMEA, Nature-based, Voluntary

A Berlin-based carbon tech startup has launched a free voluntary carbon credit insight platform on Wednesday, with the aim of making purchases more accessible to all.

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AI visualisation tool strives to increase trust in carbon markets

Published 23:01 on May 21, 2024  /  Last updated at 17:41 on May 17, 2024  / /  EMEA, Voluntary

A new tool using remote sensing data and artificial intelligence (AI) to bring carbon projects to life hopes to rebuild trust in credits by making projects more accessible.

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EU CBAM could shrink South Africa’s exports 10% by 2050 -central bank

Published 17:01 on May 20, 2024  /  Last updated at 17:01 on May 20, 2024  / /  Africa, Carbon Taxes, CBAM, EMEA, International

South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.

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Voluntary carbon removal standard expands science team with two new hires

Published 15:25 on May 20, 2024  /  Last updated at 15:25 on May 20, 2024  / /  Americas, Bavardage, EMEA, International, US, Voluntary

A London and New York-based carbon removal standard and registry has hired two carbon removal (CDR) experts to expand their science leadership team, the company announced on Monday.

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Incoming far-right Dutch coalition party set to dial back climate ambition

Published 15:59 on May 17, 2024  /  Last updated at 15:59 on May 17, 2024  / /  Carbon Taxes, EMEA

The Netherlands is set to U-turn on national climate and energy policies and complicate climate discussions at EU level as a new coalition government including Geert Wilders’ far-right party prepares to take over.

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Fossil fuel generation tumbles to less than a quarter of EU electricity demand

Published 23:01 on May 9, 2024  /  Last updated at 14:41 on May 8, 2024  / /  EMEA, EU ETS

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.

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2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation

Published 00:01 on May 8, 2024  /  Last updated at 14:50 on May 7, 2024  / /  Africa, Americas, Australia, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, South Korea, Switzerland, UK ETS, US

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.

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EU carbon market diplomacy taskforce starts to take shape

Published 14:43 on May 6, 2024  /  Last updated at 14:43 on May 6, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, International, Paris Article 6

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.

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