Tagged With EU
Parliamentary elections could hinder EU climate ambition
14 June 2024
Centrist bloc remains in power, but the EPP and EU Council have signalled a move away from climate issues
Letter on carbon: Free movement
23 April 2024
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
26 February 2024
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
20 February 2024
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
7 February 2024
Carbon removal technology instrumental in meeting 2040 and 2050 emissions targets, European Commission says
EU ETS prices will rise with 90% 2040 GHG target
12 October 2023
Incoming EU climate commissioner Wopke Hoekstra has defended the target, which has bullish implications for EU ETS prices
EU’s CBAM transition phase will provide valuable insight
15 September 2023
Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme
EU consults on strategy to kickstart CCUS
13 June 2023
Storage infrastructure targets and coordinated project funding among proposals as European Commission warns on slow pace of development
Traders expect more carbon border taxes
27 March 2023
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
BP and CNPC explore Hainan CCUS project
21 March 2023
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
EU net-zero act prioritises CO₂ storage
16 March 2023
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
China weighs response to EU carbon border tax
15 March 2023
CBAM expected to have significant long-term impact on trade with EU, warns speaker at country’s annual parliamentary session
EU ETS reaches record highs
28 February 2023
Utility hedging and a tighter supply-demand balance are boosting prices, but falls still expected later in year
EU ETS revisions close to becoming law
10 February 2023
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
EU approves €1.1bn Danish CCS support scheme
13 January 2023
State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool
EU reaches agreement on ETS revision
19 December 2022
New scheme for transport and buildings paired with tighter cap in existing system
EU agrees carbon border tariffs
13 December 2022
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
EU reaches deal to include shipping in ETS
30 November 2022
Provisional agreement is still subject to an overall deal on the ETS revision in late December.
EU must clarify CO₂ removal rules
29 November 2022
Carbon removals proposal must prioritise emissions cuts and differentiate between short-term and long-term storage, according to NGOs
EU agrees to loss-and-damage fund
18 November 2022
The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
Lithium shortage to slow Europe's battery growth
15 November 2022
Volatile power prices have boosted revenues, but new entrants faced with higher capex thanks to spiking lithium prices
EU CBAM will have ‘coercive effect’
10 November 2022
Scheme will punish other trading blocs that do not have a carbon price of a similar level, industry seminar hears
EU doubles Innovation Fund to €3bn
4 November 2022
Special focus on expanding renewables to make the bloc ‘immune to Russian energy blackmail’
EU energy sector CO₂ emissions start to fall
4 November 2022
Decline follows more than 12 months of rising year-on-year figures due to low nuclear output and increasing demand
Global headwinds for Cop27 climate talks
2 November 2022
High inflation and interest rates will hamper project development, but progress is still being made in key areas, says Energy Transitions Commission
EU to launch €3bn CCS funding round
1 November 2022
Money will come from the Innovation Fund, which has already provided €1.5bn in support to 11 carbon-capture projects
EU road transport to be zero-emission by 2035
31 October 2022
New legislation will phase out diesel and petrol vehicles over next 12 years
Industry frets over EU power revenue caps
25 October 2022
Patchwork approach could damage wholesale markets and discourage investment in renewables, industry groups say
EU ETS revenues will come from frontloading
6 October 2022
Initial Commission proposal to sell allowances from Market Stability Reserve rejected by both EU Parliament and Council
EU puts forward measures to reduce power demand
14 September 2022
Proposals also include a temporary revenue cap on operators of renewable, nuclear and lignite power generation
EU package to target electricity demand
12 September 2022
Emergency measures aim to lower power prices by reducing demand at peak times
EPP proposes faster allowance sale to lower ETS price
8 September 2022
Largest group in European Parliament has suggested sale of allowances across one year to finance investments in energy projects
EU aims to reform electricity markets
30 August 2022
European Commission is working on both an emergency intervention and long-term structural reform following high electricity prices
EU ETS prices rise on high coal burn, low auctions
24 August 2022
Prices in the EU’s emissions trading scheme hit an all-time high last week after an August rally on reduced volumes and an increase in coal burn
MEPs vote nuclear and gas as sustainable
6 July 2022
European Parliament fails to reject Commission proposal to define some nuclear and natural gas power as sustainable
EU Council agrees position on energy targets
28 June 2022
Council sets binding EU-level targets of 40pc for renewables’ share of the energy mix and 36pc for energy efficiency
MEPs pass ETS reform
22 June 2022
European Parliament has voted in favour of steeper emissions reductions and inclusion of maritime, road transport and heating in carbon pricing schemes
War adds impetus to Europe’s gas decarbonisation
20 June 2022
Gas businesses have embraced the acceleration of decarbonisation prompted by the Ukraine war but are concerned about the feasibility of new targets—especially for hydrogen
MEPs reach new deal on ETS reform
15 June 2022
Cap reduction stays at diluted level but free allowances phased out by 2032
EU parliament votes down ETS reforms
8 June 2022
Reforms proposed under EU’s ‘Fit for 55’ package will go back to committee stage and return to parliament in September
EU firms ready to invest in Chinese transition
7 June 2022
European businesses have the technology to support China’s push for net zero, but policy uncertainty and red tape are hindering investment, says the EU Chamber of Commerce in China
EU pushes for 45pc renewables by 2030
18 May 2022
European Commission seeks faster deployment of renewables as part of new €210bn plan to cut dependence on Russian energy imports
EU climate laws advance
18 May 2022
Rules governing how emissions will be cut in line with Paris Agreement goals have passed a key legislative hurdle
Renewables sector loses confidence in EU support scheme
17 May 2022
Rules governing EU Innovation Fund disadvantage renewables sector and must change, industry groups tell European Commission
EU awards €1.1bn in grants to low-carbon projects
4 April 2022
Hybrit hydrogen-based steel and K6 carbon-neutral cement projects among recipients of EU Innovation Fund’s first large-scale awards
EU complains to WTO over UK’s CfD scheme
30 March 2022
UK will rigorously contest EU’s claim that scheme’s local content criteria are discriminatory
ETS to remain heart of EU climate policy
24 March 2022
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
EU must drop gas from green taxonomy proposal – MEPs
17 March 2022
European Parliament members say inclusion of gas in green finance taxonomy undermines response to invasion of Ukraine
EU plans to pivot from Russian gas
9 March 2022
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
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