Politics & Law

Green groups make final push to stop taxonomy ‘greenwashing’

Green groups make final push to stop taxonomy ‘greenwashing’

A coalition of green groups has staged a funeral for an EU taxonomy regulation that may “fatally” endorse nuclear and gas projects and “the knock-on effects for all laws that make reference to it”.

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Markets & Corporate

German banks sceptical about nuclear and gas inclusion in green taxonomy

Eight German banks have said there is “limited room” for nuclear and gas power in the EU’s list of sustainable economic investments, warning that the ‘green taxonomy’ should only include genuinely climate-friendly activities.

Markets & Corporate

COP26 carbon market agreement: 6 things you need to know

Negotiators in Glasgow reached a deal last week that finally meets the 2015 Paris Agreement requirement to establish a global rulebook for carbon trading and emissions offsetting. Here are the key elements of the agreement.

Markets & Corporate

EU ETS hits record high, with UK prices following

The cost of a future on the EU emissions trading system hit a record €66.74 at close yesterday, a record amount, while the cost of UK allowances is also on the rise again after COP26.

Markets & Corporate

CCS wins big in first round of Innovation Fund awards

The European Commission has unveiled seven large-scale projects eligible for €1.1bn in support drawn from the EU emissions trading system, with carbon capture and storage, green steel making and waste-to-fuel among the technologies that will be trialled.

Transport

COP26: Commission official says maritime emissions belong in NDCs

A European Commission official has countered criticism of proposals to extend the EU emissions trading system to international shipping and argued that nationally determined contributions should include measures “for a real transition” in the maritime sector.

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