ANALYSIS: EU’s embattled petrochemicals sector seeks out low-carbon funding
The EU’s petrochemicals sector faces a fight for survival amid persistently high energy and carbon costs, though some firms are planning for the long-haul by tapping the ETS-financed Innovation Fund as a key source of support.
Read MoreCOP28: Record 70,000 attendees expected to descend on Dubai ‘circus in the desert’
FREE READ – Dubai will grow in population by the equivalent of a small city as a record number of delegates descend upon the desert metropolis later this month for this year’s COP28 climate summit.
Read MoreUkrainian energy minister says country may need EU’s help with power supplies this winter
Ukraine’s deputy energy minister said on Thursday that the country’s electricity grid may need additional inputs from the EU this winter to prevent blackouts, adding that the embattled nation’s power sector is shaping up in the hope of EU accession.
Read MoreInternational ‘climate club’ to launch at COP28 conference, says EU climate chief
An international climate club for governments will be officially launched at the beginning of December at the COP28 UN climate conference in Dubai, with a particular focus on industrial decarbonisation, the EU’s top climate official Kurt Vandenberge told a conference on Wednesday.
Read MoreUK’s green industries looking to autumn finance statement for response to US and EU transition plans
UK-based green industries, from electric car chargers to solar panels, are looking to the finance minister’s autumn statement next week for a response to transition strategies elsewhere, particularly the US Inflation Reduction Act (IRA), and say that more potential investment will be lost without a strong government commitment.
Read MoreClimate action crawls amid insufficient carbon pricing, pressure on COP28 -report
The world is lagging behind on almost every indicator of efforts to tackle climate change, including carbon pricing systems, according to a multi-researcher report that piles up concerns for the upcoming COP28 UN negotiations.
Read MoreSafeguard Mechanism measures could be integrated into broader carbon leakage policies, Australian consultation says
Australia has raised five potential policy options in a review process to address carbon leakage, including a Carbon Border Adjustment Mechanism and integrating flexibility levers of the Safeguard Mechanism into a broader suite of policies.
Read MoreUPDATE – Albania responds to EU CBAM by raising carbon tax on coal from 2024
The Albanian government is preparing to adjust to the EU’s carbon border adjustment mechanism (CBAM) by increasing its tax on coal, as part of a 2024 budget draft that the finance ministry recently presented to the country’s parliament.
Read MoreUPDATE – UK to launch carbon border measure to align with EU, as Australia seeks views
The UK is planning to launch its own carbon border adjustment mechanism that would mirror the full 2026 launch date of the EU’s programme, the FT reported on Monday, citing anonymous officials, while the Australian government announced it’s assessing the need for its own CBAM.
Read MoreEU new enlargement plans urge neighbour nations’ to align climate policies
Countries seeking EU membership must align with the bloc’s climate policies, including its ETS, according to a set of enlargement plans presented by the European Commission on Wednesday that were light on specific requirements.
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