Europe trailing behind China, US in global net-zero industrial race -report
Europe’s position in the global net-zero industrial race is at risk due to the US economic dominance and China’s ambition to become the world’s clean tech hub, a pan-European climate think-tank has warned.
Read MoreExxonMobil sues Dutch government over early gas phaseout
US-headquartered ExxonMobil is suing the Dutch government for its decision to accelerate the closure of Groningen, Europe’s largest gas field, it announced this week.
Read MoreGermany should scrap its national carbon system’s one-year trading phase -energy association
Germany’s main energy industry association has said the country should keep the price of its national heating and transport carbon system (nEHS) fixed until the new EU-wide heating and transport emission trading system (ETS2) kicks off in 2027.
Read MoreCFEL24: No need to panic about end of EU ETS allowances in 2039, says Commission
A European Commission official said there is “no need to panic” about running out of EU ETS allowances in 2039, due to the expansion of the system’s scope to include additional sectors and auctioning of allowances for aviation.
Read MoreClimate finance takes a backseat at key EU council meeting
The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.
Read MoreAdvisory group urges Brussels to ensure holistic and long-lasting carbon removals in CRCF
The European Commission needs to take a holistic approach to the emissions covered in its industrial carbon management policy, extending its oversight to indirect emissions within company’s assets, as well as the energy used from carbon management technologies, among other areas, according to recommendations from an advisory group.
Read MoreIMO talks to cut shipping emissions end with little progress
Talks at the International Maritime Organisation (IMO) this week concluded with some promising signs for the introduction of a carbon levy but still no significant advances.
Read MoreEU ETS has not led to a drop in European port movement -draft report
The inclusion of the maritime sector in the EU ETS has not led to a reduction in port calls or container movements at EU ports, nor in trans-shipment activity, according to a preliminary report by the European Commission.
Read MoreINTERVIEW: Demand for Article 6 units won’t suddenly boom in case of agreement
Demand for carbon credits aligned with Article 6 of the Paris Agreement is not going to suddenly spike if an agreement on rules to operationalise UN international carbon markets is found at COP29 at the end of the year, a senior EU negotiator told Carbon Pulse.
Read MoreLEAK: EU climate ministers lay out structure of global climate finance goal
EU climate and environment ministers are stressing the importance of taking a “multi-layered” approach to the new international climate finance goal to be agreed at COP29, meaning that the finance should be used in a targeted way that delivers the most to vulnerable countries and communities, according to a leaked draft of their conclusions, seen by Carbon Pulse.
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