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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”.
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.
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.
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.
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.
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.
Latest news, analysis and insights on the flagship plan to decarbonise Europe by 2050
Get the latest on the implications of the coronavirus outbreak for environmental policymaking across the EU
Keep up-to-date with essential information on environment-related infringement proceedings
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