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EU’s binding CCS targets: A burden or a blessing?
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Carbon border tax exemptions to become law
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
Carbon shipping vital for EU CCS value chain
Maritime technology will help industry scale and enable the development of CCS projects in Southern Europe
Parliamentary elections could hinder EU climate ambition
Centrist bloc remains in power, but the EPP and EU Council have signalled a move away from climate issues
Letter on carbon: Free movement
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
EU agrees on new carbon removals laws
Operators will be liable for leaks back into the atmosphere under rules designed to give clarity to industry
EU carbon taxes driving away investment – INEOS CEO
Carbon costs imposed by EU on chemicals sector are unsustainable, INEOS CEO and founder Jim Ratcliffe warns commission president
DAC takes centre stage in EU carbon strategy
Carbon removal technology instrumental in meeting 2040 and 2050 emissions targets, European Commission says
EU sees challenges ahead for climate policy
EU Gas
Stuart Penson
21 December 2021
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EU warns of energy price impact on transition

Commission urges against knee-jerk policy reactions as record energy prices make transition more abrupt and difficult

Record high energy prices in Europe are making the green transition “more abrupt and difficult” and policymakers should be prepared for a scenario in which prices “get out of hand”, the European Commission says in an end of year address. Natural gas prices in northwest Europe have surged in recent months and hit record levels in December, drawing on concerns about storage levels and the outlook for flows from key supplier Russian amid tensions over gas transit country Ukraine. More expensive gas has led to increased use of coal-fired power plants, even with surging carbon emissions prices. High energy prices are also feeding into inflationary pressures which threaten to slow the progress of

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Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

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