Public procurement a missed opportunity for EU climate action, report says
The EU has missed an opportunity to reduce carbon emissions and bolster domestic industries in Europe by failing to pursue a plan for green public procurement, according to a new report released on Wednesday.
Read MoreCF TURKIYE: EU CBAM to drive Turkish decarbonisation, experts say
The EU’s Carbon Border Adjustment Mechanism (CBAM) should drive Turkiye’s industries towards decarbonisation, providing incentives for emission reductions, experts said last week during a panel on the policy’s impact on the MENA region.
Read MoreEuro Markets: EUAs edge higher as technical buying takes prices back into emerging range
European carbon prices rallied modestly on Tuesday after dropping by 6.2% in the previous two sessions, after the daily auction triggered technical buying that drove the market up by €2.00 in two hours, before buyers eased off and the market appeared to settle into its recent range.
Read MoreBusiness groups team up to develop CO2 pricing for building sector
Large industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the real estate sector, along a whole value chain perspective.
Read MoreUPDATE – Annual ETS report highlights growing complexity of EU’s carbon pricing policies
The Emissions Trading Scheme (ETS), widely regarded as the crown jewel of the EU’s climate policy, is becoming more complex as new sectors are added and additional measures are taken to address the scheme’s socio-economic impact, according to a new report released today.
Read MoreEuro Markets: EUAs drop to seven-day low as sell-off extends amid bouts of dip-buying
European carbon prices fell to their lowest in seven sessions on Monday, extending the profit-taking sell-off that began on Friday and dropping below a key level amid a pick-up in trading volume, while energy prices also retreated as renewable generation was forecast to rise strongly this week.
Read MoreInvestment in EU cleantech at record high, shows positive signs for competitiveness -report
The EU saw record investments in clean technologies in the first few months of 2024, part of an economic wave that shows signs for optimism in the 27-nation bloc, data showed on Monday.
Read MoreFEATURE: After Europe’s exit, remaining Energy Charter Treaty countries look to modernise pact from within
Remaining members of the long-criticised Energy Charter Treaty (ECT) are looking to modernise the international trade agreement to better support climate action, despite the departure of a growing number of European countries citing failed attempts to revamp it.
Read MoreEU-made batteries up to 62% less carbon-intensive than China’s -report
Onshoring the electric vehicle supply chain to Europe would cut the emissions of producing a battery by at least 37% compared to a China-controlled supply chain, with potential CO2 savings as high as 62% if renewable energy is used, according to a study released on Monday.
Read MoreINTERVIEW: Cement industry over-investing in expensive carbon capture
The cement industry is currently over-investing in carbon capture and storage (CCS) and is failing to appreciate just how big the shift to low-carbon concrete will be, according to the CEO of the World Cement Association (WCA).
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