Electrification could help Asia slash fuel bill by $1 trillion annually -study
Asia could cut fossil import costs by around $1 trillion a year by electrifying its economy, a report said, with road transport alone offering savings of more than $300 billion annually.
Read MoreLoosening of EU carbon market could derail climate goals, generate major surplus, finds analysis
Proposed reforms to the European Union’s carbon market could significantly weaken the bloc’s emission reduction trajectory, flood the market with surplus permits, and undermine the pathway to climate neutrality, according to a new technical assessment by climate policy think tank.
Read MoreUkraine publishes draft ETS law, plans to create decarbonisation fund
Ukraine has published a draft law outlining the framework for its planned domestic emissions trading system (ETS), which would seek to cover power, industrial, aviation, and maritime sectors exceeding specified thresholds.
Read MoreLEAK: EU Commission weighs extended free allocation, aviation changes in EU ETS review
The European Commission is weighing an extension of free carbon allowances and a review of aviation rules to ensure “an effective carbon price” on international flights, according to a leaked internal paper seen by Carbon Pulse.
Read MoreBrussels urges “electricity revolution” to cut EU fossil fuel dependence
The European Union must launch an “electricity revolution” to slash fossil fuel imports and turn Europe into “the first electric continent”, the European Commission’s new top energy official said on Wednesday, ahead of an EU‑wide electrification action plan due on July 15.
Read MoreScientists blur line between evidence and advocacy in net zero policy advice, review finds
Policy recommendations accompanying academic research on net zero and climate mitigation frequently drift beyond the evidence presented and often resemble advocacy rather than neutral scientific guidance, according to a new systematic review.
Read MoreEU’s new €25 bln clean tech initiative targets untapped Mediterranean renewables
The European Commission on Tuesday launched the Trans‑Mediterranean Renewable Energy and Clean Tech Cooperation (T‑MED) initiative, aiming to mobilise up to €25 billion in investments by 2035 to tap into the region’s vast but largely unused solar and wind potential.
Read MoreSustainability professionals not overly concerned by AI’s environmental impact -report
About 60% of sustainability teams would like to ramp up their use of artificial intelligence in the coming year, with accuracy concerns posing a more significant deterrent than the environmental impacts of increased demand for water and energy, according to a report published on Tuesday.
Read MoreEU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
Read MoreFrance opens final consultation on 2050 carbon neutrality roadmap, targets summer adoption
France has opened the final public consultation on the third version of its national low-carbon strategy (SNBC 3), giving stakeholders one month to comment before the climate roadmap is adopted by decree this summer.
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