EU power demand to see limited recovery this year, stronger from 2025 -analysts
Power demand across the EU is forecast to see a slow recovery in 2024, according to an outlook published by analysts on Wednesday, while a recovering economy and electrification will support consumption between 2025 and 2027.
Read MoreEU ministers discuss agriculture protections, not emissions reductions
EU agriculture ministers called on Tuesday for greater measures to protect the agricultural sector, which is battling a number of challenges, but omitted any specific mention of how to tackle the related emissions.
Read MoreWorld’s first large-scale green steel project receives €4.75 bln in new funding
H2 Green Steel has raised €4.75 billion in new funding to build the world’s first large-scale green steel project in the northern Swedish town of Boden, the company announced on Monday.
Read MoreCarbon removal companies call for technology neutrality as certification framework enters final talks
A group of carbon removal stakeholders is calling on EU institutions to ensure technology neutrality in the EU’s carbon removal bill, as it approaches the final crunch time of the EU legislative process, ahead of Tuesday’s talks between the European Parliament, European Commission, and Council of EU states.
Read MoreWeak power and gas prices to push EUAs lower in 2024, say analysts
Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.
Read MoreEU needs to align ETS and policies with fossil fuel phaseout -scientific advisory board
More work is needed across all sectors to achieve the EU’s climate objectives out to 2050, including adjusting the ETS and making policies fully consistent with a fossil fuels phaseout, according to the board of scientists advising the bloc on climate change.
Read MoreSwiss carbon capture firm announces next round of funding
A Swiss carbon capture firm has opened its next series of funding in order to expand its operations and add new storage sites across Europe and the UK, it announced on Wednesday.
Read MoreVoluntary carbon marketplace partners with another credit ratings agency
A UK-based voluntary carbon credit marketplace announced another partnership with a ratings agency on Wednesday.
Read MoreCoal unions, an uncooperative president stand in the way of Polish climate ambitions
The Polish government will have to tackle powerful coal unions and appease an uncooperative president in order to follow through on intentions to set an end date for coal and target climate neutrality by 2050, according to experts.
Read MoreArcelorMittal and France to invest €1.8 bln to cut steel emissions
The world’s second-largest steel producer ArcelorMittal and the French state will invest €1.8 billion to reduce the carbon footprint at its two primary steelmaking sites in France, shaving the country’s industrial emissions by 6%, the French economy and energy minister has said.
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