The European Union's flagship fund to wean regions off fossil fuels will not finance natural gas projects, EU governments said on Wednesday (16 December), ending a debate over whether to make the fuel eligible for support.
The European Commission on Tuesday (15 December) proposed rules to restrict EU funding for natural gas infrastructure and instead funnel cash into electricity and low-carbon energy networks to meet climate goals.
The European Commission will unveil plans on Tuesday (15 December) to finance cross-border energy infrastructure, as pressure builds on the EU executive to provide funding only to clean energy projects that will accelerate the transition to climate neutrality.
The lower carbon intensity of natural gas – which produces half the emissions of coal when burned in power plants – and the emergence of new technologies like hydrogen are setting gas apart from other fossil fuels in the clean energy transition.
The European Parliament reached a provisional agreement with EU member states on Wednesday (9 December), which sees fossil fuels axed from the EU's just transition fund but finding their way back into EU regional development funding until 2025.
Although cutting emissions to net-zero by 2050 will destroy jobs and push up the costs of doing business in some sectors, it will bring gains elsewhere that will make up for the difference, according to a new study by McKinsey & company.
The UK announced a new greenhouse gas emissions reduction target of at least 68% by 2030 compared to 1990 levels on Thursday (3 December), one week before the country will co-host a UN summit on the fifth anniversary of the Paris Agreement.
Insurance companies have accelerated their withdrawal from coal this year, making it costlier to secure insurance for new projects. However, the insurance industry is still underwriting oil and gas companies, according to new research.
While legitimate worries are being expressed about funding for low-carbon technologies to meet EU climate goals, the biggest challenge will be to manage the energy transition in a way that does not deepen social inequalities, a senior EU official has said.
Greenhouse gas emissions in the European Union dropped by 3.7% last year, bringing the bloc on track to smash its 2020 emission goals by 4 percentage points, according to the European Environment Agency.
The recovery of European economies after the coronavirus pandemic may become - thanks to national recovery plans financed by the EU funds - a prelude to catching up with climate goals. Are the Visegrád countries ready to seize the opportunity?
The European Commission on Wednesday (25 November) green-lit a scheme under which operators of hard coal-fired power plants in Germany will be paid to shut down their stations earlier in the wake of the country’s accelerated exit from the fuel.
The European Commission granted priority status to natural gas projects without properly assessing their impact on climate change, the European Union's Ombudsman said in a decision on Tuesday (17 November).
United Nations Secretary-General Antonio Guterres on Thursday (19 November) urged the European Union to lead global efforts to slash planet-warming emissions by setting a new climate change target next month.
Clean hydrogen, carbon capture and storage (CCS), zero-carbon transport and offshore wind are all key pillars of Boris Johnson's Ten Point Plan to push the UK towards net-zero emissions. EURACTIV's media partner, edie.net, reports.
Prime Minister Boris Johnson is expected to move the ban on sales of new petrol and diesel cars forward to 2030, as part of a raft of new policy announcements to drive the UK towards its net-zero target. EURACTIV's media partner edie.net reports.
Power plants fuelled by natural gas will not be classed as “sustainable” or “transition” investments in Europe unless they meet emission limits which are so low that none are currently able to comply, according to draft EU rules seen by EURACTIV.
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