Malta seen halting EUA trading account applications after influx from shipping sector
Malta has paused accepting applications for carbon trading accounts amid an influx of applications, market participants told Carbon Pulse this week, noting that that the demand was mainly from non-EU shipping companies trying to prepare for the sector’s imminent entry into the EU ETS.
Read MoreUK appoints junior education minister to top energy and climate post
The UK government appointed Claire Coutinho as secretary of state in charge of the Department of Energy Security and Net Zero (DESNZ) as part of a ministerial reshuffle on Thursday, taking Grant Shapps’ place as he moves to head up the defence ministry.
Read MoreItalian cement company to trial replacing fuel with a thermal battery to lower emissions
A US-based startup is partnering with Italy’s second largest cement company to trial a technology that converts electricity to stored heat, which could significantly lower CO2 emissions for hard-to-abate sectors.
Read MoreEU’s Von der Leyen proposes Dutch foreign minister for climate role
European Commission President Ursula Von der Leyen on Tuesday proposed Dutch deputy prime minister and foreign minister Wopke Hoekstra as the next EU climate commissioner, following an interview with the candidate put forth by the outgoing Dutch coalition government.
Read MoreGovernments spend record amount in fossil fuel subsidies in 2022 -IMF
Governments spent a record $7 trillion in fossil fuel subsidies in 2022, the International Monetary Fund (IMF) has calculated, more than governments spent annually on education and about two thirds of what they spent on healthcare.
Read MoreGreen groups challenge EU to ramp up its 2030 emissions target to 65%
Green groups have challenged the European Commission to revise upwards its 2030 emissions target to at least 65% compared to 1990 levels instead of the current 55%, submitting a request to the EU executive to review its legal text on annual emissions allocations for sectors outside the current EU ETS this week.
Read MoreSouth Africa strikes deal with China to upgrade its electricity network, putting coal exit in doubt
South Africa signed a series of deals with China to upgrade its energy sector at the BRICS summit this week, including one contract that could help to extend the life of South Africa’s coal plants.
Read MoreEU climate chief officially resigns, with former energy boss Sefcovic named as replacement
EU climate chief Frans Timmermans officially handed in his much-anticipated resignation on Tuesday, with the European Commission temporarily handing responsibilities for the European Green Deal and climate action files to Commissioner Maros Sefcovic.
Read MoreTwo ports in North Africa identified as possible carbon leakage hotspots for ships
Two ports in Northern Africa have experienced a jump in activity in the past year in what may be a pre-emptive attempt by ship operators to avoid purchasing EU carbon allowances once the shipping sector is part of the EU ETS in 2024, a piece of additional draft legislation by the European Commission has outlined.
Read MoreEEX needs EU antitrust green light for Nasdaq deal -EU
German-headquartered European Energy Exchange (EEX) will require the green light from the EU’s antitrust authorities to acquire Nasdaq’s European power trading and clearing business, the European Commission said on Monday.
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