No new climate funding in revised EU budget
The EU’s 27 leaders managed to agree on the bloc’s budget for the next four years on Thursday, with funding secured for Ukraine and migration but no fresh financing for net zero industry.
Read MoreINTERVIEW: Better to include industrial carbon removals, not land-based, in EU ETS, says chair of EU’s scientific advisory board
Including land-based carbon removals in the EU ETS may not be a good idea, but credible industrial carbon removals should be incorporated post-2030 to deal with residual emissions from hard-to-abate industries, according to the chair of the scientific board advising the EU on climate change.
Read MoreUkrainian environment minister confirms launch of ETS in 2025
Ukraine is planning to launch a national ETS in pilot mode in 2025, the country’s environment minister announced at an environmental forum in Kyiv on Wednesday.
Read MoreEU shipping companies can now apply for their own EUA holding account
Shipping companies will now be able open their holding accounts for EUAs, which they have been waiting for to start hedging and meeting their EU ETS requirements, following the publication of a legal act by the European Commission on Wednesday.
Read MoreNGOs urge EU to propose fossil fuel phaseout dates in its 2040 emissions targets
NGOs have urged the EU to stay true to the agreement reached at COP28 last month and set clear fossil fuel phaseout dates as part of its forthcoming communication on 2040 emissions target, in a letter sent to the European Commission on Tuesday.
Read MoreEU politicians shift focus to winning popular support for climate policies after backlash
Members of the European Parliament across political groups were in rare agreement on Monday about the need to keep people and industry on board while the bloc tries to reach climate neutrality, in what will likely be the main focus for climate policy in the EU’s next political term.
Read MoreEU extends first CBAM deadline for companies impacted by registry tech issues
Companies currently facing difficulties in submitting data for the first reporting deadline of the EU’s Carbon Border Adjustment Mechanism (CBAM) due to technical issues with the registry will benefit from a one month extension, the European Commission said on Monday.
Read MoreEU carbon management strategy must set concrete actions for CCS -trade group
The EU’s upcoming industrial carbon management strategy needs to call for concrete actions by member states, not just analysis, an EU carbon capture and storage (CCS) association has said in a letter to European Commission President Ursula von der Leyen.
Read MoreCompanies unable to comply with EU carbon border policy due to tech issues
Companies that must comply with the EU’s carbon border adjustment mechanism are facing difficulties in submitting their reports less than a week before the first reporting deadline, multiple national EU registries have said.
Read MoreProjects for sustainable aviation fuels mushrooming in the EU, but finance needed -NGO
The number of announced sustainable aviation fuel projects in the EU is on the rise, meaning the bloc could meet its target for green fuels, an NGO study revealed on Wednesday, but only if final investment decisions are taken.
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