EU extends state aid flexibility for another six months
The European Commission has extended part of the bloc’s state aid Temporary Crisis and Transition Framework by six months, meaning member states can continue providing additional support to certain EU ETS-covered entities hit by the energy crisis and ongoing war in Ukraine.
Read MoreTop 1% richest emit equivalent to poorest two-thirds of global population -NGO
The super-rich are responsible for 16% of global CO2 emissions, about the same as the emissions from the poorest 66% of humanity in 2019, according to a report by an NGO, that recommended a 60% income tax on the top 1% to lower their emissions and raise funds for the energy transition.
Read MoreAttempt to squeeze carbon farming practices into EU’s carbon removal bill likely to be shot down -sources
The European Parliament’s agriculture committee is planning on proposing several farming practices for the EU’s Carbon Removal Certification Framework on Nov. 21 as part of the bill’s full Parliament vote, though several sources don’t expect the changes will be voted through, as the Council of member states adopted its own negotiating mandate on Friday.
Read MoreNGO slams latest text being considered for EU’s carbon removals bill
NGOs have said they have “serious concerns” with a text being considered for adoption by member states on the bloc’s new legislation aiming to define how to certify carbon removals, they said in a letter published on Thursday.
Read MoreUkrainian energy minister says country may need EU’s help with power supplies this winter
Ukraine’s deputy energy minister said on Thursday that the country’s electricity grid may need additional inputs from the EU this winter to prevent blackouts, adding that the embattled nation’s power sector is shaping up in the hope of EU accession.
Read MoreFEATURE: Companies see EU ETS rule tweak kickstarting carbon storage in buildings
Companies are counting on an under-the-radar tweak to EU ETS rules to kickstart projects to store carbon permanently in buildings, with the incentive to shave carbon costs enough to get going without needing to rely on fledgling efforts to generate carbon credits from removals.
Read MoreInternational ‘climate club’ to launch at COP28 conference, says EU climate chief
An international climate club for governments will be officially launched at the beginning of December at the COP28 UN climate conference in Dubai, with a particular focus on industrial decarbonisation, the EU’s top climate official Kurt Vandenberge told a conference on Wednesday.
Read MoreEU member state negotiators agree on CCS, paving the way for EU inter-institutional talks
Negotiators on behalf of the 27 EU member states agreed on carbon capture targets and obligations on Monday as part of the bloc’s legislative proposal to accelerate the EU’s clean technologies, according to a source close to the matter.
Read MoreEU says it will announce considerable contribution for climate damage fund
The EU’s climate chief announced on Monday that the bloc will contribute a “substantial” amount to a new fund for climate mitigation and adaptation as well as allocate further funding for renewables and energy efficiency on Monday.
Read MoreGerman coalition government agrees relief package for electricity-intensive companies
Germany’s three-party coalition government agreed on an additional five-year package to extend relief for the nation’s EU ETS-covered industry struggling with high electricity prices, it announced on Thursday.
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