SBTi validates its first 1.5C-aligned shipping company emissions plan
One of the world’s largest shipping container companies has become the first in the industry to have its emissions reduction targets validated by the Science Based Targets initiative (SBTi) for a 1.5C-aligned pathway.
Read MoreEU delays sector-specific sustainability reporting rules until 2026
EU countries and MEPs have provisionally agreed to postpone by two years a deadline adopting sector-specific European Sustainability Reporting Standards (ESRS), giving companies more time to adapt to the first set of rules.
Read MoreNon-EU shipping companies struggle to navigate ETS rules in tight timeframe
The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc – with little time in which to navigate the new rules.
Read MoreGermany set to tender for new hydrogen-ready gas-fired power plants
Germany will hold capacity auctions for gas-fired power plants that can be switched to hydrogen fuel in the 2030s, as part of a power plant strategy announced by the coalition government on Monday.
Read MoreBrussels prepares to define permanent carbon storage under ETS rules
The European Commission is working to tweak EU ETS rules within the coming months to define the projects that can permanently store greenhouse gases – an option which companies may seize upon as a way to purchase fewer carbon allowances.
Read MoreUK urged to emulate US, EU green deals to spur clean industrialisation
A UK Labour government would work to emulate green deal policies in the US and EU to unlock private low-carbon investments in areas such as grid connectivity, housing, and infrastructure, the opposition party’s shadow climate change minister said on Wednesday.
Read MoreEU risks missing 2030 emissions targets as national plans lack details -report
The EU risks missing its 2030 emissions reduction target as five countries have so far failed to set out adequate plans to develop their renewable power, hydrogen, land use, bioenergy, and CO2 storage within the next six years, according to a report released on Wednesday.
Read MoreAmazon signs power purchase deal for offshore Scottish wind
Amazon has signed a corporate power purchase agreement with a European utility to raise its share of electricity coming from a Scottish offshore wind power farm, it announced on Tuesday.
Read MoreBrussels awards €600 mln to carbon and energy infrastructure projects
The European Commission has handed out nearly €600 million to eight cross-border energy infrastructure projects, including several for CO2 management, it announced on Thursday.
Read MoreDrax launches US-based carbon removals business
UK power company Drax is setting up a new US-based business unit to develop and build large-scale carbon removal projects internationally, it announced on Thursday.
Read More