EU businesses raise alarm over red tape cost impact as CBAM launch looms
European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.
Read MoreUPDATE – Global shipping needs bold collaborative action to decarbonise -UN report
Global shipping needs swift action and collaboration via economic incentives to decarbonise while ensuring a just and equitable transition, according to a UN report released Wednesday that appeared to downplay concerns by some nations that a carbon levy would hinder trade particularly among poorer nations.
Read MoreUPDATE – Path to limit warming to 1.5C has narrowed but world has tools to transition much faster, says IEA
Governments need to separate climate from geopolitics so the transition to renewable energy can go much faster using tools the world already has, in order to keep on the narrowing path to curb global warming, according to the IEA in a report published Tuesday.
Read MoreGrowing divergence between ambition and reality in global efforts to reach net zero emissions –report
The world needs to be decarbonising at almost seven times the current rate to stay on track to meet the goals of the Paris Agreement, according to research published Wednesday.
Read MoreCountries make patchy progress on power sector decarbonisation amid signs of hope -analysts
Countries have made mixed progress in decarbonising their power sectors in line with Paris Agreement targets but there are some signs of hope, with finance key to developing countries meeting fossil fuel phase-out targets, according to research published on Tuesday.
Read MoreEuropean Investment Bank and UN agree pact to expand reach of climate and development financing
The European Investment Bank and five UN institutions announced Tuesday an agreement aimed at increasing the impact of climate and development financing by making it easier to work on joint projects.
Read MoreCalifornia sues five oil majors, demanding they pay their ‘fair share’ for climate damage
California is suing five of the world’s largest oil companies, alleging that executives have deceived the public for decades about how fossil fuels have been damaging health and the environment while relying on taxpayers to foot the bill.
Read MoreClimate change is undermining sustainability goals, says UN
Lack of progress towards climate goals is undermining global efforts to tackle hunger, poverty, ill health, access to clean water and energy, and many other aspects of sustainable development, according to a UN report released Thursday.
Read MoreStronger international cooperation in high-emissions sectors crucial, says IEA
Countries must “supercharge” international collaboration across high-emitting sectors to get on track to curb global warming at no more than 1.5C, according to a report Thursday from the International Energy Agency.
Read MoreAmazon, Electrolux among companies launching zero-emission shipping tender
The Zero Emission Maritime Buyers Alliance, a group within the maritime sector, said Wednesday it has launched its first zero-emission shipping tender, with Amazon and Electrolux among those on board.
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