Lead centre-right MEP suggests softening emissions-trading to help ‘suffering’ industries
The lead MEP on Emissions Trading Scheme reform has set out plans to soften the EU Commission’s draft and give industries more time to adjust.
Green Economy
-
-
ECB raises rates again as Strait of Hormuz disruption drives up gas prices
The conflict in the Middle East has pushed up energy-related inflation by 14.3 percent year-on-year
-
Green groups file complaint over EU water protection review, citing mining lobbying
The complaint takes aim at the EU’s decision to “review and revise” the water directive and address “potential bottlenecks” in accessing critical raw materials.
-
[Interview] Europe needs to finish single market or lose more scale-ups to China and the US, warns Enrico Letta
The former Italian prime minister tells EUobserver that Europe’s scale-ups in health and elsewhere are too small to survive the ‘China 2.0 shock’, and that without a finished single market Europe will keep losing out.
-
EU budget negotiators slam frugal states over grand ambitions talk while calling for cuts
Two of parliament’s lead negotiators told EUobserver that they are not impressed by calls from some member states to ‘do more while calling for a weaker budget’
-
EU netâzero target ânot politically credibleâ, warns Belgian ECB policymaker
Belgium’s central bank chief Pierre Wunsch said that pretending the EU will reach net zero by 2050 is destroying the credibility of its own climate policy.
-
UN warns of ‘irreversible damage’, even if global warming peaks at 1.5C
The damages of climate change are being compounded by inaction; yet even if global warming slows, the harm is permanent. A new UN report highlights the dangers the world can expect if our governments in and out of the EU keep on this path
-
Europeâs summer of wildfires puts spotlight on economic cost of climate inaction
As Europe keeps spending far more on fighting wildfires than preventing them new economic strategies have to be thought over.
-
Worldâs coral reefs are losing recovery time between marine heatwaves, major global report warns
The proportion of reef surface covered by living coral has fallen by 9.5 percent, compared with just the 1980â2009 average.
-
BRICS countries condemn EU carbon tax as ‘punitive and protectionist’
The BRICS group of emerging economies have repeatedly criticised the EU’s carbon border levy. But will they respond with their own policy aimed at EU exports?
-
Italy’s fuel tax cuts don’t make EU list for budget flexibility, despite Meloni’s appeal
Budget flexibility is explicitly ruled out for any kind of fossil-fuel tax cut or subsidy, including income-based support aimed at cushioning high energy bills for households and businesses.
-
Greek billionaire’s ships carried âŽ2.35bn of Russian Arctic gas to Europe this year
Russia’s ‘Yamal’ LNG facility is located at Sabetta, a purpose-built port in the Arctic Ocean, where ice thickness can reach two metres during winter months.
-
Europeâs climate-elephant in the room: What to do with left-over emissions when we get to net zero?
As Brussels hails its 2040 climate target, officials quietly admit that without a clear plan for the âleftoverâ emissions from farming, industry, and aviation, Europeâs promise of climate neutrality risks becoming a statistics charade.
-
EU risks winter gas-price spiral, as stocks run low
A leading British forecaster said it will revise up its European gas price forecast next month, to an average of close to âŽ60 per megawatt hour this winter, up from âŽ45.
-
EU’s new packaging regime locks small publishers out of single market
The EU’s new packaging regulation, which came into force this week, could see independent publishers unable to make cross-border deliveries due to costs of compliance.
-
EU fuelling economic ‘doom loop’ by weakening climate rules during record heatwave, Dutch bank says
Dutch bank Triodos argues that by prioritising âcompetitivenessâ over tougher carbon pricing amid this summer’s heat crisis, the EU is leaving its economy more exposed to future climate shocks.
-
Report: German taxpayers’ money backed new gas drilling in the Amazon, despite pledging to stop funding fossil fuels abroad
Berlin approved the export guarantee on the basis that the rig would replace older equipment, but researchers say it opened a new field instead.
-
Brussels hands its âŽ5bn scale-up fund to Stockholm private equity giant EQT
The European Commission previously said it chose EQT because of its shared ambition to “scale deep-tech innovation in Europe”, despite the firm being best known for buying established companies.
-
EU carbon border tax may hit India’s steel sector less hard than expected, study finds
Climate think tank Sandbag estimates that costs under its ‘expected’ scenario amount to just âŽ79m in 2034 if higher prices for cleaner steel are factored in.
-
Internal documents reveal Shell decision to keep polluted Niger Delta pipeline open despite staff warnings
Shell records disclosed in a UK court case show the company kept a major Nigerian pipeline running despite warnings that oil theft was causing spills across the Niger Delta.
