Half of EU member states’ subsidies for fossil boilers could decarbonise the bloc’s heating by 2040 -report
Redirecting half of EU member states’ money that currently goes to subsiding fossil fuel heating to heat pumps could fully decarbonise heating in the EU by 2040, an NGO concluded in a report published on Monday.
Read MoreINTERVIEW: Shipping’s decarbonisation under threat from lack of alternative fuels, says industry
The shipping sector’s decarbonisation hinges on the availability of low-carbon fuels, the secretary general of one of the largest global shipping organisations told Carbon Pulse, while also advocating a ‘carbon contribution factor’ to be promoted at upcoming high-level climate talks.
Read MoreInfrastructure development key to ensuring demand for renewable hydrogen in the EU -industry
Laying out hydrogen infrastructure and grid connections across the EU will be a gamechanger for the renewable hydrogen sector, industry players said during an online talk on Thursday, a day after a key cross-border EU hydrogen infrastructure plan gained a new major partner.
Read MoreRecord number of companies disclose progress on climate this year but plans lack enough details, says non-profit
A record number of firms have reported their progress on tackling climate change in 2023, annual data published by a non-profit organisation revealed, though the plans don’t contain enough details and are not sufficiently aligned with the goals of the Paris Agreement, a report by an investor engagement initiative also released on Wednesday showed.
Read MoreSenior EU lawmakers agree on way forward for carbon removal bill
Party coordinators in the European Parliament have preliminarily agreed on a united stance on what to count as a carbon removal as part of the bloc’s framework for certifying carbon removals, according to sources close to the matter.
Read MoreCARBON FORWARD 2023: Shipping companies may seek to avoid EU ETS via sea transfer -industry
Shipping companies may try to avoid paying carbon costs for their routes by engaging in ship-to-ship transfer of their liquid cargo at sea, a maritime industry expert told an audience at the Carbon Forward conference on Thursday.
Read MoreCARBON FORWARD 2023: WTO developing initial framework for global carbon pricing measure
The World Trade Organisation has reiterated it is working on a global carbon pricing framework to avoid a patchwork of different mechanisms popping up around the world, a representative told the Carbon Forward conference on Wednesday.
Read MorePaying EU carbon costs cheaper than switching to green fuels for shipping sector -analysts
The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise, bank analysts said in a report published on Tuesday that outlined how the sector’s entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.
Read MoreCDM board approves Chinese firm’s renewable hydrogen crediting methodology
The Executive Board of the United Nations Clean Development Mechanism (CDM) has approved a hydrogen baseline and monitoring carbon crediting methodology proposed by a Chinese hydrogen company and the country’s biggest state-owned wind power producer and main carbon exchange.
Read MorePREVIEW: Poland’s election to set pace of renewables rollout, coal phaseout kicked down road
Poland’s election outcome this weekend may lead to more support for renewables in the country if the main opposition receives enough votes to form a coalition government, but a clear coal phaseout date is not likely to be set by either of the main political parties.
Read More