Top EU steelmakers say billions in green steel investments depend on ETS staying the course
A coalition of top European steel producers has said that more than €10 billion of low carbon investments are at risk if the EU Emissions Trading System (ETS) framework is weakened in the upcoming reform.
Read MoreWashington’s highest court upholds farm fuel exemption under cap-and-invest programme
The Supreme Court of Washington ruled in favour of the state’s Department of Ecology (ECY) regarding the agriculture fuel exemption for fuel suppliers within the carbon cap-and-invest programme, ending a dispute brought by an agricultural association.
Read More$8 bln clean energy project scrapped in Louisiana
A planned clean energy project in Louisiana will not proceed after failing to meet internal financial return criteria, its developer announced Tuesday.
Read MoreEuropean developer files for bankruptcy after funding efforts fall short, seeks buyer for ocean carbon removal technology
A Dutch direct ocean carbon capture (DOC) developer has filed for bankruptcy after failing to secure the funding needed to continue operations, despite having demonstrated its technology, secured public grants, and attracted investor interest.
Read MoreVerra review finds no evidence of historical safeguards breaches at withdrawn Kariba REDD+ project
Verra has concluded the safeguards component of its quality control review (QCR) of the Kariba REDD+ carbon project, with independent auditors finding no evidence that the project breached the standard’s rules during the period covered by their original assessments.
Read MoreEU states, oil and gas firms face key deadline on CO2 storage obligation
Oil and gas companies covered by the EU’s Net Zero Industry Act (NZIA) carbon storage obligation, along with 11 member states, face key compliance deadlines by close of business on Tuesday as Brussels moves to turn the bloc’s CCS ambitions into concrete projects, a senior European Commission official said.
Read MoreBrussels urged to keep incinerators out of EU ETS ahead of July review
Waste-to-energy (WtE) operators oppose the sector’s inclusion in the EU Emissions Trading System (ETS), warning the move would increase costs for municipalities and consumers while doing little to reduce emissions because plant operators cannot control the composition of the waste they receive.
Read MoreMajor insurers still lagging on climate, nature commitments despite mounting risks -report
The world’s largest insurers continue to underwrite and invest in activities driving climate change and biodiversity loss, despite mounting evidence that these same risks are making large parts of the world increasingly difficult to insure, according to a report published on Tuesday.
Read MoreEU risks litigation if it drops binding forestry climate goal, WWF warns
The EU risks exposing itself to legal challenges if it weakens or abandons binding targets for carbon removals from forestry and land use as part of its post-2030 climate framework, according to a new legal analysis commissioned by WWF and published on Tuesday.
Read MoreGermany-backed CDR programme coordinates plan to scale up research
Researchers from a carbon removal (CDR) initiative backed by around €33 million from the German government are advancing work into scaling up engineered and land-based removals, the programme has announced.
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