FEATURE: EU industries want policy clarity, finance to help meet Green Deal goals
Some of the EU’s biggest polluting sectors say they are on board with cutting the bloc’s emissions by 90% by 2040 but warn it will not happen without the policy and financial incentives to maintain their global competitiveness.
Read MoreNGOs take UK govt to court over “pie-in-the-sky” net zero measures
The UK government’s climate action plan will come under fire in the High Court this week, in a case brought by three NGOs arguing that it is in breach of the country’s legally binding target for net zero emissions by 2050.
Read MoreBids for EU’s first green hydrogen auction outweigh available funding
Bids under the European Commission’s pilot auction for renewable hydrogen production have far exceeded the €800 million budget, demonstrating enthusiasm to scale up the nascent industry, the Commission said on Monday.
Read MoreElectrification will outweigh hydrogen in EU net zero energy use -report
Clean electricity will need to cover the largest share of the EU’s shift away from fossil fuels, while green hydrogen will be key in just a few hard-to-electrify sectors, according to research published on Friday.
Read MoreIEA members add precision to talk of transitioning away from fossil fuels
Reaching net zero emissions by 2050 means that no new unabated coal plants should be built and no new long lead-time conventional oil and gas projects are needed, the International Energy Agency’s 31 member countries said on Wednesday.
Read MoreUK consultation looks at what carbon storage data should be publicly available
The UK’s North Sea Transition Authority (NSTA) on Wednesday opened a consultation looking at the kind of carbon storage information that should be made publicly available and on what timescales, in a move that it says will support project planning and decision-making.
Read MoreCorporate clean power purchase deals reached a new high in 2023 -report
Companies worldwide set a new record in publicly announced solar and wind energy contracts in 2023, driven by improving economics in key regions like Europe and imminent company clean energy goals, according to BloombergNEF (BNEF).
Read MoreINTERVIEW: Guarantee company aims to break “psychological barrier” to green investments in poor countries
The world’s first climate-focused guarantee company is looking to transform the perception that green investments in the developing world are risky – by encouraging the international private sector to jump in, and helping domestic borrowers secure better financing.
Read MoreEU must focus on producing own green hydrogen before importing it -report
The EU needs to focus on developing its own green hydrogen supply before looking to import, as many of the potential supplier countries will struggle to scale up production and develop export infrastructure, according to research released on Tuesday.
Read MoreTripling renewables requires $2 trillion per year and pivot from fossil fuel subsidies -report
Meeting the global goal to triple renewable energy by 2030 will cost $2 trillion per year on average, including $100 billion per year in Sub-Saharan Africa, according to research published on Tuesday.
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