EU heat pump sales fall 5% in 2023, threatening bloc’s climate targets
Heat pump sales across the EU fell by around 5% last year compared to the previous year, data from an industry group show, putting the EU’s climate and energy targets at risk.
Read MoreMicrosoft inks deal for voluntary biochar carbon credits from Kenyan supplier
Microsoft has signed an offtake agreement for 10,000 tonnes of voluntary carbon removals with a Kenyan-based biochar supplier, one of the largest single purchases of the credit type in the region.
Read MoreItalian oil major’s big plans to develop biofuels in Africa falters -NGO
Italian oil giant’s plans to produce thousands of tonnes of biofuel crops in Africa is falling short, an NGO’s study reveals.
Read MoreGermany launches strategy to capture and store CO2
Germany’s economics and climate ministry Robert Habeck launched the country’s first carbon management strategy, as well as a proposal to update CO2 storage laws, at a press conference in Berlin on Monday.
Read MoreThreat of foreign energy dependence, influence adds urgency to Western Balkans joining EU ETS, think tank warns
Extending the EU ETS to the Western Balkans’ power sector could enable a faster coal phase-out while also keeping possible Russian and Chinese influence at bay, according to a European think tank.
Read MoreKey requirements for EU carbon removal methodologies will be outlined this year -Commission
The European Commission aims to outline the key aspects of the carbon removal methodologies for project developers that want to attain the EU’s certification framework approval by the end of this year, a Commission official said on the sidelines of a forum in Brussels on Thursday.
Read MoreSouth Africa’s treasury proposes more than tripling carbon tax rate once climate law is finalised
South Africa’s treasury on Wednesday proposed increasing the national carbon tax rate from 190 rand ($10.05) to 640 rand ($33.86) per tonne of carbon dioxide equivalent after the country’s new climate change bill comes into effect.
Read MoreNext Commission needs to set up “Juncker plan on steroids” for green investments -top EU climate official
The next European Commission term should unleash “a Juncker plan on steroids” to spur on climate investment, the Commission’s top climate official said in Brussels on Wednesday.
Read MoreClean investments must double for EU to meet its 2030 climate targets -research
Investment in the clean transition must reach €813 billion a year this decade – double the amount spent in 2022 – if the EU is to meet its 2030 climate target and ensure the European Green Deal is a success, according to the first comprehensive analysis on the bloc’s climate investments.
Read MoreEU co-legislators reach deal on world’s first carbon removal certification law
EU co-legislators struck a deal on the EU’s first carbon removal legislation in the early hours of Tuesday, in which it maintained distinct definitions for permanent and impermanent carbon activities and paved the way for the European Commission to start generating carbon removal certification methodologies.
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