ANALYSIS: Enthusiasm for mini nuclear reactors is growing in the EU, but tech is far from deployable
Optimism for the role of Small Modular Reactors (SMRs) in the EU’s future energy system abounds, but with the nuclear technology still far from ready for the market, some warn that it may prove to be a dangerous and costly distraction.
Read MoreEuropean Parliament to vote on corporate voluntary carbon credit use
Members of a joint European Parliament committee will vote on rules regulating the use of carbon credits by EU companies next week, including whether those from schemes outside the bloc will be accepted, according to a draft document seen by Carbon Pulse.
Read MorePuro updates voluntary carbon removals rules to align with ICVCM, CORSIA
A voluntary carbon removals standard has updated its rules in a bid to align with the UN’s CORSIA international aviation offsetting scheme as well as the Integrity Council for Voluntary Carbon Markets (ICVCM)’s stamp of quality, the company announced.
Read MoreDouble counting of emissions units needs to be addressed in EU’s carbon removal bill -NGOs
EU co-legislators are failing to adequately address how units generated through the Carbon Removal Certification Framework (CRCF) will be used and the potential for double counting or claiming of those units, NGOs warned in a letter to EU council negotiators this week.
Read MoreEU Commission plans for 280 Mt of annual carbon capture by 2040
Reducing the EU’s emissions by 90% by 2040 will call for around 280 million tonnes of CO2 to be captured, the European Commission said on Tuesday in its first, long-awaited strategy for capturing, transporting, trading, permanently storing, and using carbon.
Read MoreNorth America’s largest carbon project developer launches marketplace
North America’s largest carbon project developer will launch a digital marketplace where it will sell carbon credits generated from forest carbon activities, the company announced on Tuesday.
Read MoreGlobal shipowners’ body supports emissions levy to set up decarbonisation fund
The shipping sector’s main international trade association has put forward a new proposal for a global shipping climate fund, which could be filled by imposing a levy of $12.50 per tonne of CO2 equivalent, based on the need to raise $10 billion to meet emissions goals.
Read MoreEuropean Greens call for climate neutrality by 2040 in election manifesto
The European Greens will push for full climate neutrality by 2040 – 10 years earlier than the bloc is aiming for – in an election manifesto adopted on Sunday.
Read MoreNo new climate funding in revised EU budget
The EU’s 27 leaders managed to agree on the bloc’s budget for the next four years on Thursday, with funding secured for Ukraine and migration but no fresh financing for net zero industry.
Read MoreINTERVIEW: Better to include industrial carbon removals, not land-based, in EU ETS, says chair of EU’s scientific advisory board
Including land-based carbon removals in the EU ETS may not be a good idea, but credible industrial carbon removals should be incorporated post-2030 to deal with residual emissions from hard-to-abate industries, according to the chair of the scientific board advising the EU on climate change.
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