Governments and companies have the chance today to turn carbon capture, utilisation and storage (CCUS) into a clean energy success story that will bring environmental and economic benefits worldwide. Without it, our energy and climate goals will become almost impossible to reach, write Erna Solberg and Fatih Birol.
President Xi Jinping's pledge that China will achieve carbon neutrality before 2060 is the most significant climate policy move for years and, if achieved, could curb likely global warming by 0.2-0.3 Celsius this century, researchers said.
Norway will finance two-thirds of a large-scale project to capture and store carbon dioxide – its second attempt to cut greenhouse gas emissions in a plan that was previously touted as the oil-producing country's moon landing.
The European Commission reduced on Monday (21 September) the number of industrial sectors eligible for compensation against higher electricity costs caused by the EU carbon market, the Emissions Trading Scheme.
The European Commission will present today (17 September) detailed proposals to reduce carbon emissions in the EU by 55% below 1990 levels by 2030. While German industry officially welcomes the new ambitions, it is also clearly sceptical. EURACTIV Germany reports.
China is considering carbon neutrality as part of its long term climate plan, the country’s foreign ministry announced following a summit with EU leaders. EURACTIV's media partner, Climate Home News, reports.
The EU’s Emissions Trading System (ETS) of offering free pollution permits needs to be reviewed and aligned more closely with climate policy if the bloc wants to reap its full benefits, the European Court of Auditors said on Tuesday (15 September).
The European Commission plans to withdraw free allowances given to polluting industries under the EU’s emission trading system (ETS) in order to clear the way for their inclusion in the bloc's upcoming carbon border adjustment mechanism, the EU executive's vice-president, Valdis Dombrovskis, said on Monday (14 September).
Since Jacques Chirac first proposed a carbon border tax, French presidents have never let go of the idea. Now, the European Commission plans to integrate it into its recovery plan, much to the irritation of Beijing, just as an EU-China summit opens on Monday (14 September). EURACTIV France reports.
The European Union will press China to aim for climate neutrality by 2060 or eventually face punitive carbon tariffs during a summit on Monday (14 September) aimed at concluding a bilateral trade agreement by the end of the year.
France and Germany intend to become the world champions for green hydrogen together and are already planning to set up a "gigafactory" with state support. But the two could butt heads over nuclear power. EURACTIV Germany reports.
PKN Orlen, Poland's largest oil refiner and retailer, this week became the first oil company in central Europe to commit to climate neutrality by 2050, with plans to invest billions in energy efficiency, solar, wind, and hydrogen.
Major economies promised to recover green after COVID-19 and accelerate climate action during a virtual ministerial meeting hosted by Japan on Thursday (3 September). EURACTIV's media partner, Climate Home News, reports.
Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday (4 September), in a "bet" on society's failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments.
By 2038, Germany's last coal-fired power plants are expected to be shut down. To reorient the regions economically, however, they are to be replaced by research institutions and companies. A coordination committee will now begin allocating the funding, EURACTIV Germany reports.
The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could deprive them of billions of dollars of funding.
The European Commission is looking into whether nuclear energy can be classed as a sustainable green investment. But the EU executive's decision to task its research centre with the assessment has already prompted criticism. EURACTIV Germany reports.
The Norwegian government’s decision to fund the scale-up of carbon-capture-storage (CCS) technology with more than €2 billion got the green light from a state aid regulator on Friday (17 July). It is the largest tranche of funding ever approved by the European Free Trade Association (EFTA) body.
A group of the world's top oil companies including Saudi Aramco, China's CNPC and ExxonMobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure on the sector's climate stance grows.
United Nations Secretary-General António Guterres has called on governments to make sure coronavirus bailouts, especially those in the transport sector, are compatible with the goals of the Paris Agreement on climate change.
The energy network of the future will be equipped with a wide variety of storage methods, although constructing storage facilities, in itself, comes with many obstacles. The lack of a uniform concept on the matter is something which some MEPs want to change. EURACTIV Germany reports.
Volkswagen is set to remove production lines for all internal combustion engine vehicles from one of its key factories this year, replacing them with electric vehicle production capacity. EURACTIV's media partner, edie.net, reports.
In spite of the economic crisis posed by the coronavirus pandemic, the EU, China and Canada sent “a clear political signal” on Tuesday (7 July) that they are still committed to the Paris Agreement on climate change.
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