Oil and gas investment end date should be set at COP28 -analysts
A clear phase-out for oil and gas production and a halt to new investment needs to be agreed on at the year-end COP28 UN climate summit in the same way that efforts are being made to set a phase-out for coal, analysts said on Thursday.
Read MoreEU’s lead lawmaker seeks wider input to set priorities for net zero industry technologies
The European Parliament’s lead negotiator on the bloc’s net zero industry strategy wants to eliminate a proposed fixed list of “strategic technologies” in favour of getting more voices to decide on funding priorities.
Read MoreResearchers say rich countries should compensate for biodiversity loss in Global South
People in rich nations’ excessive consumption has been driving global biodiversity loss, and they should pay compensation via loss and damage funds to countries whose natural habitats are being exploited, a group of researchers have argued.
Read MoreShipping emissions could be cut by up to a fifth with a shift in paperwork -report
Redrawing the relationship between ship owners and charterers could lead to a 15-20% reduction of maritime-related emissions, according to a white paper published on Thursday by a technology software company and one of the world’s largest shipping association.
Read MoreEU’s centre-right seeks to block nature restoration law in Parliament
A law to restore 20% of the EU’s nature is at risk of being blocked in the European Parliament by a coalition of centre-right political groups, as a vote in favour of felling the bill passed by a slim majority in an interim committee ballot on Wednesday.
Read MoreIndustry urges more EU funding to cover entire CCUS value chain
Still more public funding is needed to scale up manufacturing of clean technologies in the EU, industry experts told EU lawmakers on Tuesday, stressing that the entire CCUS sector should also be elevated to ‘strategic technology’ status in the bloc’s proposed Net Zero Industry Act.
Read MoreNuclear divide widens among EU ministers, as some urge weaker green disclosure rules
Pro- and anti-nuclear factions among the EU’s 27 nations re-emerged during Monday’s ministerial meeting on competition affairs, with some ministers calling for a reduction in newly-introduced sustainability reporting requirements for companies during the jarring session.
Read MoreEU seeks to grant Icelandic aviation sector an extra year of free ETS allowances
Iceland and the European Commission have reached a preliminary agreement for Iceland’s aircraft operators to continue to receive free EU ETS emissions allowances up to and including the year 2026, it was announced at a press conference following the Council of Europe summit in Reykjavik.
Read MoreTotal EU greenhouse gas emissions fall in Q4 as bloc’s GDP grows -official data
The EU’s total greenhouse gas emissions fell by 4% in the fourth quarter of 2022 compared with a year earlier, even as the bloc’s economy grew, according to data released by the EU’s statistical office on Monday.
Read MoreEyeing an end to war, Ukrainian industry starts research on introducing an ETS
Representatives of companies operating in Ukraine’s agricultural, energy, steel, cement, chemical, woodworking and processing industries announced on Friday that they have commenced research towards implementing a carbon pricing system in the country once its brutal conflict with Russia ends.
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