Europe’s grid operators woefully underprepared for renewable energy transition, report finds
Europe’s electricity grids are slowing down the expansion of renewable power, a report by NGOs and think tanks said on Tuesday.
Read MoreFEATURE: Polish energy companies lay out their own coal exit plans as government proposal faces delay
Amid further delays to the Polish government’s plans to wrestle coal assets away from energy companies, two of the country’s major energy producers have taken matters in their own hands, casting doubts over the success of Warsaw’s push.
Read MoreSwiss court approves Nord Stream 2 debt restructuring deal
Nord Stream 2, owned by Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors, a court in Switzerland said on Friday.
Read MoreLarge share of EU ETS-financed fund revenues may go to unsustainable projects -NGO
Just over a fifth of the EU ETS-financed Modernisation Fund may end up being spent on unsustainable projects, according to an NGO report published this week.
Read MoreEuropean Parliament votes to relax gas storage rules and CO2 targets for road fleet
The European Parliament voted to bring greater flexibility in the gas markets on Thursday, on the same day they voted to delay more ambitious CO2 rules for new cars and vans.
Read MoreCBAM simplification to be approved by EU institutions before summer, says lawmaker
The European Commission’s proposed simplification of the Carbon Border Adjustment Mechanism (CBAM) will soon be approved by both the European Parliament and EU Council, thanks to widespread support, a lead member of the European Parliament said on Wednesday.
Read MoreEU CBAM legislative proposal could come in Q4, confirms top climate official
The EU’s most senior climate official said on Wednesday that a legislative proposal on the Carbon Border Adjustment Mechanism (CBAM) could come in the fourth quarter of this year, adding that if Article 6 credits were included in any EU compliance carbon mechanism, the bloc would adopt a cautious approach.
Read MoreArcelorMittal prioritises enriching shareholders rather than investing in climate -NGO
Global steel giant ArcelorMittal has only spent 2.5% of the billions of dollars it has generated between 2021 and 2024 on decarbonisation, instead prioritising shareholder payouts, an NGO said in a report on Tuesday.
Read MoreFEATURE: EU juggles energy security and high prices as it tries to source cleaner gas
The EU faces a moment of reckoning as it seeks to source less emissions intensive fossil fuels, cut dependence on Russian gas, lower energy prices, and secure an LNG trade deal with the US.
Read MoreArcelorMittal warns of trade disruptions impacting steel demand
ArcelorMittal will review its investment priorities in Europe once the EU lays out more of its policy and implementation plans, as the steel giant warned of overall trade disruptions caused by tariffs.
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