UK urged to strengthen CCS policies with emitter storage obligations to meet net-zero goals
The UK must adopt a more robust policy framework to accelerate carbon capture and storage (CCS) deployment and meet its legally binding net-zero emissions target by 2050, according to experts.
Read MoreNordic countries well positioned to lead on carbon removals and utilisation, but need to focus efforts -report
Nordic countries must increase their efforts in CO2 removal (CDR) and carbon capture and utilisation (CCU) activities, tapping their unique strengths and opportunities, Europe’s largest climate non-profit has said.
Read MoreCOMMENT: Buying into Carbon Removal – How Procurement Can Secure Europe’s Climate Leadership
The EU must prioritise carbon dioxide removal (CDR) through enhanced policy support, investment, and procurement initiatives to achieve climate goals, drive economic growth, and establish itself as a leader in cleantech innovation and competitiveness, according to Carbon Gap.
Read MoreEuro Markets: EUAs hit 15-month high, breach technical levels as power drives carbon strength
European carbon prices jumped as much as 3.6% on Thursday and touched a 15-month high as a rise in German power prices pulled gas and EUAs upwards, breaching technical levels for carbon and triggering more discussion about the market’s increasing speculative length.
Read MoreEU carbon pricing, CBAM will cut European emissions but economic costs persist -central bank study
A sharp rise in the EU’s carbon price combined with a Carbon Border Adjustment Mechanism (CBAM) could significantly reduce emissions but also carries economic trade-offs, a new central bank study has found.
Read MoreRenewables take over EU power mix, fossil fuels at historic low -data
Wind and solar have respectively overtaken gas and coal power generation in the EU last year, as total electricity generation from fossil fuels fell to a historic low, according to fresh data published on Thursday by think-tank Ember.
Read MoreSteel, cement makers defend EU CBAM against right-wing calls to freeze it
European steel and cement manufacturers have come out in support of the EU’s Carbon Border Adjustment Mechanism (CBAM), fending off calls from conservative parties to suspend the law.
Read MoreTrio of European carbon market experts leave long-term roles
A trio of European carbon market experts have left their long-time roles in the past two months, Carbon Pulse has learned.
Read MorePolish PM calls for review of EU Green Deal laws, delay of ETS2
Poland’s prime minister has blamed EU regulations for high energy prices and warned against introducing the bloc’s emission trading system for heating and transport (ETS2) in 2027, in a speech to the European Parliament on Wednesday.
Read MoreEuro Markets: EUAs snap winning streak as funds amass largest net long position in almost 3 years
European carbon allowance prices weakened on Wednesday, snapping their record-equalling nine-day winning streak as the market appeared unable to shake off growing bearish sentiment, while the weekly Commitment of Traders data showed investment funds last week amassed their largest net long position in nearly three years.
Read More