COP28: Macron and Bloomberg announce global data transparency plan for private sector emissions
French President Emmanuel Macron and billionaire media mogul Michael Bloomberg announced a framework to set up the world’s first global and open emissions data source for private sector emissions at COP28 in Dubai on Saturday, with 400 companies so far signed up at its launch.
Read MoreClimate measures financed by EU green bonds could lead to 44 million tonnes a year in GHG cuts -report
Climate measures financed by green bonds launched by the EU to stimulate growth following the Covid pandemic are capable of cutting 44 million tonnes of GHG emissions a year, equivalent to 1.2% of the bloc’s total emissions currently, a report published by the European Commission on Friday has revealed.
Read MoreCOP28: Turkey to launch first ETS phase in 2025 covering high-emitting sectors -official
The first pilot phase of the Turkish ETS will likely start in 2025 and run for two years, initially applying only to installations with annual emissions of more than 500,000 tonnes of CO2 in high emitting sectors, a senior Turkish government official told Carbon Pulse on the sidelines of COP28 on Friday.
Read MoreCourt orders Germany to come up with emergency action for sectors violating CO2 emissions limits
A court has ordered the German government to set up a climate action plan to adequately tackle emissions in the traffic and construction sectors, adding to Berlin’s recent climate policy woes.
Read MoreEU carbon removal framework may add complexity to global market -experts
Independent carbon credit certification bodies and the EU’s own carbon removal certification efforts are likely to coexist in the removals market once the EU methodologies are issued, experts said during a webinar on Thursday, though this is not likely to occur before 2026.
Read MoreShipping firms forge alliance to cut emissions by raising cold storage temperatures
Companies representing around 60% of the world’s shipping market on Wednesday launched an emissions-saving alliance to raise the standard temperatures for transporting frozen foods, citing research that suggests food safety would not be impacted.
Read MoreMethane emissions from coal mines may be double estimates -report
Global methane emissions from coal mines may be twice as high as reported by governments, according to analysis by global energy think tank Ember.
Read MoreNumber of cross-border CCUS projects given special status by EU doubles in 2023 selection, says EU energy chief
The number of CO2 transport and storage projects supported financially and benefiting from streamlined permitting by the EU will double in 2023 compared to last year, the bloc’s energy chief told an event in Denmark on Monday, signaling the EU’s growing commitment to developing a CCUS sector.
Read MoreEU should spend 4% of annual GDP to meet 2040 emissions goals, avoid heavy climate costs, says report
EU member states could avoid spending billions on climate change-related costs by the end of this century if they spend roughly 4% of their GDP per year on measures to reduce emissions 90% by 2040, according to a study by a Dutch consulting firm.
Read MoreEU to publish plan to help power grids handle the coming influx of renewables
The European Commission will put forward an action plan for upgrading the bloc’s electricity grids in which it estimates €584 billion in investments are necessary by 2030 to deal with the influx of renewable energy, according to a leaked document seen by Carbon Pulse.
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