EU parliamentarians signal dismay at scrapping of EU-wide Sovereignty Fund for net zero industry
The EU’s newly-proposed STEP funding platform for clean and digital technology will not meet the needs of the bloc’s industry amid increased competition from the US and China, lawmakers from across the political spectrum told a European Parliament hearing on Wednesday.
Read MoreGreen groups wary as Serbia releases patchy, weaker draft energy and climate plan
Green groups have criticised Serbia’s draft national energy and climate plan (NECP) for not planning for carbon neutrality for 2050 and putting forward a less ambitious renewable energy goal than in previous publicly announced commitments.
Read MoreFaster-than-anticipated uptake in solar and electric vehicles shows policies are working -IEA
Solar panels and electric vehicle technology have expanded more rapidly than anticipated, according to the International Energy Agency (IEA)’s annual update, signalling that governments’ positive policy action and increased ambition is translating into measurable results in deploying clean technologies that could help in tackling climate change.
Read MoreCapturing carbon onboard ships could be viable mid-term solution to lower emissions -industry
Capturing carbon onboard ships could be a mid-term step to reduce the maritime sector’s greenhouse gas (GHG) emissions while zero-emission fuels are not yet commercially available, according to a panel of industry experts speaking on Wednesday, though one panellist warned that the sector’s carbon accounting needs to improve before such technologies are adopted .
Read MoreCoalition of cargo owners pool demand for zero-emission solutions by 2025
A coalition of large cargo owners, including the world’s largest online retailer Amazon, announced it is pooling demand to request zero-emission shipping services by 2025, it said in a statement on Tuesday.
Read MoreEU proposes a greater shift to rail freight to help cut emissions
The EU’s executive arm is aiming to make the transport of goods more efficient and sustainable via a new proposal it announced on Tuesday, despite a number of the bloc’s leaders and parliamentarians calling for a pause in green legislation.
Read MorePrivate sector commits $2 billion in climate finance under UK-US initiative
Companies, financiers, and philanthropists announced a collective $2 billion in investments in energy transition, climate resilience, and nature-based solutions projects in emerging markets at a joint US-UK gathering this week.
Read MoreIMO adopts more ambitious GHG targets for global shipping sector
The UN’s International Maritime Organisation formally adopted a revised greenhouse gas strategy on Friday, more ambitious than its 2018 version but still adrift from aligning the sector with Paris Agreement climate objectives.
Read MoreFEATURE: Momentum gathers for new moratorium on deep sea mining ahead of key UN meeting
Green groups, several countries, and scientist coalitions are urging for another moratorium on deep sea mining, days ahead of a decision on whether to start the exploitation of the ocean depths for critical raw materials and minerals is due to be taken at a UN meeting.
Read MoreNegotiators craft IMO deal for scaled-up shipping emissions targets
Negotiators at the UN’s International Maritime Organisation are honing in on a revised emissions strategy for shipping, with officials finalising draft text on Thursday that is more ambitious than the IMO’s 2018 version but still adrift from aligning the sector with Paris Agreement climate objectives.
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