EU countries reach long-awaited but diluted deal on corporate due diligence bill
Ambassadors from the 27 EU member states reached agreement Friday on a bill setting due diligence rules for large companies, including an obligation to adopt Paris-aligned climate plans, with a weakened text ending a cycle of meetings to resolve the EU’s internal divisions.
Read MoreFEATURE: Russian hints of a green transition are ‘a Potemkin village’, experts say
Moscow says it is looking to build up its clean energy industry and price greenhouse gas emissions — but the talk is seen by some as purely “lip service” designed to look like Russia is acting on climate change.
Read More2030 climate targets ‘within reach’, spotlight now turning to carbon removals, EU says
The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc’s progress towards the objectives.
Read MoreTaxing carbon without carbon taxes: Economists chart fiscal policy path to effective climate action
Governments can effectively target carbon emissions without implementing explicit carbon taxes, economists have demonstrated, offering policymakers new tools amid rising public backlash against greenhouse gas pricing policies worldwide.
Read MoreTurkiye overtakes Poland to become Europe’s second largest coal-fired power generator -analysts
Turkiye overtook Poland to become the second largest coal-fired power generator in Europe last year, due to its increasing reliance on fossil fuel imports and wavering wind capacity installation, according to an environmental think tank.
Read MoreChina urged to provide more support for CCS, carbon markets
China should provide policy support for the development of offshore carbon capture and storage (CCS) and accelerate the construction of its national carbon market, domestic business leaders have called for during the annual parliamentary session.
Read MoreEurope unprepared to face climate risks -report
Europe is not prepared for all the climate risks it will face in the coming years, despite being the fastest-warming continent in the world, according to the first-ever EU Climate Risk Assessment Report published on Monday by the European Environment Agency (EEA).
Read MoreEnergy industry concerned about Connecticut climate bill electrification shift
Heating fuel distributors and power generators have voiced concerns about the shift to electrification under a Connecticut bill proposing statewide carbon neutrality by 2050, while some stakeholders support the proposal’s economic benefits in cross-border trade.
Read MoreFEATURE: EU testing the waters on ETS3 for agriculture
The European Union is testing the waters on the possibility of creating a new ETS for agriculture, or revising its existing carbon market rules, in an effort to tackle emissions from a politically-sensitive sector that has seen farmers take to the streets in recent weeks to protest against EU bureaucracy.
Read MoreBuilding integrated value chains for CCS, hydrogen, and wind helps to drive up returns -oil major
Creating integrated value chains across offshore wind, green hydrogen, and carbon capture and storage (CCS) in industrial heartlands is key to achieving higher returns and counteracting the impact of an inflationary environment, said an oil major executive speaking at a conference today.
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