IMO’s climate boss says global carbon pricing for shipping ‘very likely’ despite opposition

Published 18:30 on September 20, 2023  /  Last updated at 18:30 on September 20, 2023  / /  EMEA, EU ETS, Shipping

A global greenhouse gas pricing measure for shipping is very likely to be approved despite strong opposition from some countries, the International Maritime Organisation (IMO)’s head of climate action told Carbon Pulse on Wednesday.

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EU’s carbon removal certification bill faces delays in Parliament over carbon farming

Published 16:54 on September 20, 2023  /  Last updated at 16:54 on September 20, 2023  / /  EMEA, EU ETS, International, Nature-based

Disagreements among policymakers over whether to label farming practices that remove or reduce CO2 emissions as carbon removals have brought negotiations over the EU’s framework for certifying carbon removals to a standstill, according to  stakeholders close to the file.

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Smaller shipping companies seen as unprepared for EU ETS entry as emissions rise above pre-pandemic levels

Published 18:54 on September 19, 2023  /  Last updated at 18:54 on September 19, 2023  / /  EMEA, EU ETS, Shipping

EU shipping companies are facing a major challenge when trying to chart a course to purchasing EU ETS allowances, with some smaller market players still not prepared for the sector’s entry next year as revised data suggests emissions for the sector have already climbed above pre-pandemic levels. 

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EU’s financial watchdog warns offshore wind development poses green ‘dilemma’

Published 17:49 on September 18, 2023  /  Last updated at 17:51 on September 18, 2023  / /  EMEA

The environmental and socioeconomic impacts of the EU’s rapid expansion of offshore wind power installations have not been properly assessed, the bloc’s financial watchdog warned in a report published on Monday.

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Largest UK ETS emitter to receive £500 mln to exit coal, but thousands of jobs at risk

Published 15:35 on September 15, 2023  /  Last updated at 15:37 on September 15, 2023  / /  EMEA, UK ETS

The UK government will provide £500 million to keep the largest steel plant in the country open and to reduce its carbon footprint by switching its energy source from coal to electricity, the British government said in a statement on Friday, although doing so will likely lead to thousands of job losses.

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Orsted urges renewable energy developers to set net-positive biodiversity strategies

Published 13:51 on September 14, 2023  /  Last updated at 13:52 on September 14, 2023  / /  Biodiversity, EMEA, International, US

The largest offshore wind developer in the world on Thursday called on all renewable energy developers to set net-positive biodiversity targets when developing projects.

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European Parliament approves deal to set binding EU targets for sustainable aviation fuel uptake

Published 15:39 on September 13, 2023  /  Last updated at 15:39 on September 13, 2023  / /  EMEA, EU ETS

The European Parliament approved a new law on Wednesday that will mean 70% of jet fuel used at EU airports will have to be green by 2050.

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UPDATE – European Green Deal and economic competitiveness key issues for EU’s von der Leyen in last speech of her term

Published 09:44 on September 13, 2023  /  Last updated at 14:32 on September 13, 2023  / /  EMEA, EU ETS

European Commission President Ursula von der Leyen confirmed her commitment to the European Green Deal on Wednesday in her last annual speech to the European Parliament before the EU elections next June, though her focus was less on climate action and more on the need to support European industry on their decarbonisation journeys.

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European Parliament backs higher 2030 renewable energy target

Published 11:52 on September 12, 2023  /  Last updated at 16:56 on September 12, 2023  / /  EMEA, EU ETS

The European Parliament voted in favour of nearly doubling the share of renewable energy in the EU’s overall energy consumption by 2030 on Tuesday in Strasbourg, after months of infighting over the proposal both on the Parliament and Council of member states side.

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EU’s renewable energy directive set to overcome last hurdle with full Parliament vote

Published 20:01 on September 11, 2023  /  Last updated at 13:07 on September 12, 2023  / /  EMEA, EU ETS

The EU is set to take its final step in approving a revised more ambitious renewable energy legislation as the bill faces a full EU Parliament vote on Tuesday, with most parties likely to vote in favour.

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