ETS2 success necessary to preserve the rest of the EU’s climate policies -report
The EU’s climate policy depends on the emission trading system for heating and transport (ETS2)’s success, as its effective implementation will safeguard the ETS1 and the rest of the bloc’s climate framework, according to a report by a German political foundation.
Read MoreINTERVIEW: EU Commission to release blueprint for carbon removals ‘buyers club’
The European Commission will seek views next week on the idea of creating a European Buyers Club for EU-sanctioned carbon removal credits that will be open to both public and private finance institutions, a senior official told Carbon Pulse in an interview.
Read MoreArcelorMittal confirms intention to decarbonise French steel plant
Steel giant ArcelorMittal recommitted to investing €1.2 billion in a decarbonisation project in France, citing new-found confidence in the EU following recent policy announcements, the company said on Thursday.
Read MoreEU ETS financed Modernisation Fund is falling short of its potential -NGO
The EU ETS financed Modernisation Fund, set up to help lower-income EU member states with their transition, is falling short of its potential, an analysis by an NGO warned ahead of a deadline next month for approving new financing.
Read MoreMore than half of European companies satisfied with EU sustainability reporting rules as they are -survey
Some 60% of companies are satisfied with the EU’s sustainability reporting rules, and half are dissatisfied with the European Commission’s proposals to chop up the legislation, a business survey revealed on Thursday.
Read MoreUnprecedented demand for EU ETS-backed Innovation Fund
The European Commission has attracted a record number of project applications for two Innovation Fund calls, which use revenues of the EU Emissions Trading System (EU ETS) to support the deployment of pioneering net-zero technologies and electric vehicle battery cell manufacturing.
Read MoreINTERVIEW: If CBAM is weak, ETS allowances may have to be free for longer, ArcelorMittal says
A strong Carbon Border Adjustment Mechanism (CBAM) is key to keeping steel production in the EU, but if that fails, a slower phaseout of free EU carbon allowances would help the sector cope with rising decarbonisation costs, ArcelorMittal’s head of climate told Carbon Pulse.
Read MoreEU Parliament members call for EU-UK ETS link-up, amid fears of separate CBAMs
Members of the European Parliament on Tuesday urged the UK and EU to link their emissions trading systems (ETSs) in order to avoid having two separate carbon border adjustment mechanisms (CBAMs) applying in parallel, as leaders on both sides of the Channel prepare for a crunch EU-UK summit next week.
Read MoreEurope’s grid operators woefully underprepared for renewable energy transition, report finds
Europe’s electricity grids are slowing down the expansion of renewable power, a report by NGOs and think tanks said on Tuesday.
Read MoreFEATURE: Polish energy companies lay out their own coal exit plans as government proposal faces delay
Amid further delays to the Polish government’s plans to wrestle coal assets away from energy companies, two of the country’s major energy producers have taken matters in their own hands, casting doubts over the success of Warsaw’s push.
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