EU needs to align ETS and policies with fossil fuel phaseout -scientific advisory board
More work is needed across all sectors to achieve the EU’s climate objectives out to 2050, including adjusting the ETS and making policies fully consistent with a fossil fuels phaseout, according to the board of scientists advising the bloc on climate change.
Read MoreSwiss carbon capture firm announces next round of funding
A Swiss carbon capture firm has opened its next series of funding in order to expand its operations and add new storage sites across Europe and the UK, it announced on Wednesday.
Read MoreVoluntary carbon marketplace partners with another credit ratings agency
A UK-based voluntary carbon credit marketplace announced another partnership with a ratings agency on Wednesday.
Read MoreCoal 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.
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