EU institutions clinch provisional deal on new rules to boost energy performance of buildings
EU institutions agreed on new rules to boost energy performance of buildings across the bloc late on Thursday evening after months of negotiations, though NGOs criticised co-legislators for significantly weakening the European Parliament’s original stance.
Read MoreCOP28: FEATURE – Complaints over unilateral trade measures threaten progress in crucial climate talks
The perceived injustice of industrialised countries propping up their own clean technology industries with protectionist measures and subsidies is being seized on by emerging economies as a negotiating chip that is complicating COP28 UN climate talks in Dubai, sources at the summit told Carbon Pulse.
Read MoreCOP28: War-torn Ukraine’s climate plans overshadowed by rising conflict emissions
Ukraine’s government is persisting in its efforts to introduce an ETS by 2025 and in plans to re-build the war-torn country in a greener way, though these initiatives are undermined by Russia’s continuous attacks as well as increasing emissions and environmental damage caused by Moscow’s aggression.
Read MoreCOP28: Global CO2 emissions reach record high in 2023 -scientists
Fossil fuel emissions reached a record high in 2023, according to new scientific research published on Tuesday, as reductions in CO2 in some regions were cancelled out by increases in output elsewhere.
Read MoreCOP28: Norway, Morocco sign Article 6 MoU
Norway and Morocco have signed a Memorandum of Understanding (MoU) to cooperate on Article 6 of the Paris Agreement, they announced on Saturday at the UN climate conference COP28 in Dubai, making it the third such agreement Norway has signed in the past few weeks.
Read MoreCOP28: Macron and Bloomberg announce global data transparency plan for private sector emissions
French President Emmanuel Macron and billionaire media mogul Michael Bloomberg announced a framework to set up the world’s first global and open emissions data source for private sector emissions at COP28 in Dubai on Saturday, with 400 companies so far signed up at its launch.
Read MoreClimate measures financed by EU green bonds could lead to 44 million tonnes a year in GHG cuts -report
Climate measures financed by green bonds launched by the EU to stimulate growth following the Covid pandemic are capable of cutting 44 million tonnes of GHG emissions a year, equivalent to 1.2% of the bloc’s total emissions currently, a report published by the European Commission on Friday has revealed.
Read MoreCOP28: Turkey to launch first ETS phase in 2025 covering high-emitting sectors -official
The first pilot phase of the Turkish ETS will likely start in 2025 and run for two years, initially applying only to installations with annual emissions of more than 500,000 tonnes of CO2 in high emitting sectors, a senior Turkish government official told Carbon Pulse on the sidelines of COP28 on Friday.
Read MoreCourt orders Germany to come up with emergency action for sectors violating CO2 emissions limits
A court has ordered the German government to set up a climate action plan to adequately tackle emissions in the traffic and construction sectors, adding to Berlin’s recent climate policy woes.
Read MoreEU carbon removal framework may add complexity to global market -experts
Independent carbon credit certification bodies and the EU’s own carbon removal certification efforts are likely to coexist in the removals market once the EU methodologies are issued, experts said during a webinar on Thursday, though this is not likely to occur before 2026.
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