Coal 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.
Read MoreTurkish steelmaker plans to cut emissions by a quarter by 2030 as industry gears up for new ETS
The owner of Turkey’s largest steel plants will invest $3.2 billion to reduce their emissions 25% by 2030, the company announced this week, while the country gears up for its own decarbonisation mechanism with plans to introduce an ETS in the second half of 2024.
Read MoreRussia could weaponise fertilisers so EU should safeguard its own production -CEO
The CEO of one of the world’s largest fertiliser producers Yara International has warned the EU risks swapping its Russian energy dependence to dependence on the country’s fertilisers and food, as imports to the EU and other countries grow and home-grown production falls.
Read MoreNorth America’s largest carbon offset developer names two new co-CEOs
North America’s largest forest carbon offset developer has promoted two employees to the roles of co-CEO.
Read MoreANALYSIS: Plethora of EUA purchasing strategies likely to emerge this year amongst shipping companies
Shipping companies will likely focus on covering their EU ETS obligations defensively in the first couple of years rather than actively managing their positions, while a variety of purchasing strategies will surface depending on the industry, commercial agreements, and size of their operation.
Read MoreNorwegian parliament votes for opening up Arctic for deep sea mining, despite opposition
Norway has given the go-ahead to open up for deep sea mining in the Arctic region after a vote in parliament Tuesday, making it the first country to open up its seabed to the controversial activity.
Read MoreANALYSIS: Red Sea diversion piles on shipping costs but unlikely to increase sectoral EUA demand
The diversion of ships around the Cape of Good Hope to avoid attacks in the Red Sea will substantially increase emissions compared to the usual Suez Canal route, but the impact on EUA demand from the shipping sector is not likely to be significant in 2024 due to its gradual phasing into to the EU ETS, experts told Carbon Pulse.
Read MoreGerman emissions fall to lowest level in 70 years on weak industrial output, coal demand slump -report
Germany’s GHG emissions fell to their lowest level in 70 years in 2023, driven by an unexpectedly sharp decline in coal use and a significant drop in output from energy-intensive industries, according to a German think tank, pointing to a bearish outlook ahead for EUAs if this trend continues in 2024.
Read MorePortugal approves law to set up national voluntary carbon market
Portugal has ratified a law that establishes a national voluntary carbon market and the rules for its operation, which it hopes will help protect its forests and safeguard them from fires.
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