EU auditors say flagship home renovation fund failing to cut energy use
Billions of euros in EU funding to improve the energy efficiency of homes are falling short of the bloc’s climate and energy objectives, the European Court of Auditors has warned in a new report published on Monday.
Read MoreLoss and damage funding gap exposes climate finance tensions ahead of Manila meeting
Underfunding of the Loss and Damage fund risks bleeding into broader UN climate negotiations, hardening developing countries’ reluctance to raise mitigation ambition without matching finance, experts warned ahead of a critical meeting this week.
Read MoreGlobal gas demand sees little impact from Middle East war, as LNG supply bounces back
Global gas demand will only slip marginally this year despite the US and Israel war with Iran, and the impact on LNG supply will be offset by the end of the year, according to the International Energy Agency (IEA).
Read MoreChemicals industry escapes EU carbon price as free allowances cover 98% of emissions, watchdog says
Europe’s chemical industry has effectively paid no carbon price under the EU Emissions Trading System (ETS) over the past decade, contradicting claims that high carbon costs are undermining the sector, according to a new investigation by a watchdog group.
Read MoreEU, member states off track for most 2030 global biodiversity targets, report says
Efforts across the European Union to implement the Kunming-Montreal Global Biodiversity Framework (GBF) are generally not enough to meet most of its 2030 targets, according to a report published on Tuesday.
Read MoreANNOUNCEMENT: Carbon Pulse launches EU ETS data portal ahead of flagship reform
Market, policy, and emissions data at your fingertips as the European Commission prepares to issue legislative proposals to reform the world’s largest compliance carbon market by traded value.
Read MoreClean cooking developer secures €1.1 mln to expand biomass stove access in Mozambique
A Mozambique-based clean cooking company has secured around €1.1 million from a European clean cooking fund to expand access to biomass-fuelled cookstoves and fuel production in the country.
Read MoreEU should use international credits to build carbon pricing systems abroad, policy brief says
The EU should use its quota for international carbon credits to help build domestic carbon pricing systems in partner countries, rather than treating them as a cheaper route to fulfilling its 2040 emission targets, according to a recent policy brief.
Read MoreINTERVIEW: SAF made from waste plastics can be “bridging fuel” for aviation, experts say
Producing sustainable aviation fuel (SAF) from waste plastics could act as a “bridging fuel” in decarbonising aviation before the scale-up of other fuels with a stronger emissions saving profile, say experts.
Read MoreIndustrial carbon management coalition backs “strong, predictable” EU ETS
A broad coalition of industrial carbon management stakeholders has urged the European Union to use the forthcoming review of the bloc’s Emissions Trading System (EU ETS) to preserve the market’s core architecture while directing a larger share of its revenues into industrial decarbonisation.
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