LEAK: EU bets on renewables to lower energy prices, state aid to decarbonise industry
The EU plans to further accelerate the deployment of renewables to lower energy prices for energy-intensive industries and households, with new state aid measures to support investments in clean technologies, according to draft European Commission proposals due to be unveiled on Feb. 26.
Read MoreLEAK: Clean Industrial Deal looks to support energy-intensives in decarbonisation
A draft of the Clean Industrial Deal, obtained by Carbon Pulse, promises “a new chapter of European industrial history” focused on supporting energy-intensive industries in their decarbonisation efforts while scaling up the EU’s clean tech sector to reach net zero emissions.
Read MoreFrench oil major announces partnership to decarbonise two of its European refineries
A French oil and gas major has teamed up with a gas technology firm to decarbonise its refineries with green hydrogen, in a bid to reduce its CO2 emissions by 450,000 tonnes annually, the companies announced on Tuesday.
Read MoreEU lagging behind on carbon removal policies and funding, research shows
The EU and its member states are still lagging behind in establishing the policies and funding mechanisms needed to scale up carbon removals in line with reaching net zero emissions by 2050, according to new research.
Read MoreLignite demise looms large over Polish coal region, think tank warns
Failure to plan for a major lignite plant phaseout in Poland will cause the country to miss out on valuable EU funding, since lignite is on course to become unprofitable as early as 2030, a think tank warned in a report published on Tuesday.
Read MoreMaritime biofuels risk causing environmental disaster, warn green groups
A group of 69 environmental NGOs have urged the International Maritime Organization (IMO) to cast off biofuels for decarbonising the shipping industry because of their potential impact on ecosystems and communities, as key talks kick off on Monday to address the sector’s climate impact.
Read MoreCommission delays proposal on CBAM extension to 2026, while eyeing up other tweaks
The European Commission will delay its proposal for extending the Carbon Border Adjustment Mechanism (CBAM) to other sectors and downstream products by a year, to 2026, according to a senior official — although it is looking at other potential tweaks to the policy.
Read MoreFrance calls for simplifying and strengthening EU’s CBAM
Two French ministers have thrown their weight behind the EU’s Carbon Border Adjustment Mechanism (CBAM), calling it an indispensable tool to steer Europe towards net zero emissions — while stressing that the scheme needs to be strengthened and simplified before it starts charging a fee next year.
Read MoreFEATURE: EU shipping sector explores compliance options as new rules push up carbon costs in 2025
Shipping companies are grappling to find the best way to comply with the EU’s new fuel intensity regulation, as the sector’s exposure to carbon policies more than doubles this year, and biofuels emerge as the most popular option.
Read MoreBP to further scale back green investments, amid wider oil industry retreat from clean energy
BP has become the latest large fossil fuel company to announce a step away from investment in green energy, following a string of recent announcements from oil and gas producers reigning in climate targets.
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