EU politicians shift focus to winning popular support for climate policies after backlash

Published 18:12 on January 29, 2024  /  Last updated at 18:12 on January 29, 2024  / /  EMEA, EU ETS

Members of the European Parliament across political groups were in rare agreement on Monday about the need to keep people and industry on board while the bloc tries to reach climate neutrality, in what will likely be the main focus for climate policy in the EU’s next political term.

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EU extends first CBAM deadline for companies impacted by registry tech issues

Published 17:24 on January 29, 2024  /  Last updated at 17:24 on January 29, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Companies currently facing difficulties in submitting data for the first reporting deadline of the EU’s Carbon Border Adjustment Mechanism (CBAM) due to technical issues with the registry will benefit from a one month extension, the European Commission said on Monday.

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EU carbon management strategy must set concrete actions for CCS -trade group

Published 16:32 on January 29, 2024  /  Last updated at 17:17 on January 29, 2024  / /  EMEA, EU ETS

The EU’s upcoming industrial carbon management strategy needs to call for concrete actions by member states, not just analysis, an EU carbon capture and storage (CCS) association has said in a letter to European Commission President Ursula von der Leyen.

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Companies unable to comply with EU carbon border policy due to tech issues

Published 16:10 on January 26, 2024  /  Last updated at 16:52 on January 26, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

Companies that must comply with the EU’s carbon border adjustment mechanism are facing difficulties in submitting their reports less than a week before the first reporting deadline, multiple national EU registries have said.

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Projects for sustainable aviation fuels mushrooming in the EU, but finance needed -NGO

Published 11:54 on January 24, 2024  /  Last updated at 11:54 on January 24, 2024  / /  Aviation/CORSIA, EMEA, EU ETS, International

The number of announced sustainable aviation fuel projects in the EU is on the rise, meaning the bloc could meet its target for green fuels, an NGO study revealed on Wednesday, but only if final investment decisions are taken.

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EU power demand to see limited recovery this year, stronger from 2025 -analysts

Published 09:00 on January 24, 2024  /  Last updated at 14:33 on January 23, 2024  / /  EMEA, EU ETS

Power demand across the EU is forecast to see a slow recovery in 2024, according to an outlook published by analysts on Wednesday, while a recovering economy and electrification will support consumption between 2025 and 2027.

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EU ministers discuss agriculture protections, not emissions reductions

Published 18:39 on January 23, 2024  /  Last updated at 18:39 on January 23, 2024  / /  EMEA, EU ETS

EU agriculture ministers called on Tuesday for greater measures to protect the agricultural sector, which is battling a number of challenges, but omitted any specific mention of how to tackle the related emissions.

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World’s first large-scale green steel project receives €4.75 bln in new funding

Published 17:25 on January 22, 2024  /  Last updated at 17:25 on January 22, 2024  / /  EMEA, EU ETS

H2 Green Steel has raised €4.75 billion in new funding to build the world’s first large-scale green steel project in the northern Swedish town of Boden, the company announced on Monday.

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Carbon removal companies call for technology neutrality as certification framework enters final talks

Published 16:57 on January 22, 2024  /  Last updated at 16:57 on January 22, 2024  / /  EMEA, EU ETS, Voluntary

A group of carbon removal stakeholders is calling on EU institutions to ensure technology neutrality in the EU’s carbon removal bill, as it approaches the final crunch time of the EU legislative process, ahead of Tuesday’s talks between the European Parliament, European Commission, and Council of EU states.

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Weak power and gas prices to push EUAs lower in 2024, say analysts

Published 15:42 on January 18, 2024  /  Last updated at 15:42 on January 18, 2024  / /  EMEA, EU ETS, International

Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.

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