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EU’s new €25 bln clean tech initiative targets untapped Mediterranean renewables
The European Commission on Tuesday launched the Trans‑Mediterranean Renewable Energy and Clean Tech Cooperation (T‑MED) initiative, aiming to mobilise up to €25 billion in investments by 2035 to tap into the region’s vast but largely unused solar and wind potential. Read MoreTop
PREVIEW: EU states, Parliament set to clash over ETS2 MSR's invalidation clause
EU member states are set to resist the European Parliament’s push to start cancelling carbon allowances held in the reserve of the bloc’s new Emissions Trading System for buildings and transport (ETS2) from 2034, as well as the Parliament’s calls for stronger social safeguards. Read MoreTop
European Commission preparing proposal to expand EU ETS to international flights -Bloomberg
The European Union is preparing a proposal to expand its carbon pricing system to cover international flights, according to an internal Commission document seen by Bloomberg, a move aimed at strengthening climate action but likely to trigger opposition from international airlines and governments. Read MoreTop
Italian industry presses Brussels for ETS overhaul, CBAM free allowances, further ETS2 delay
Italian industry is calling for a fundamental overhaul of the EU Emissions Trading System (ETS), along with a softening of the whole carbon market structure, warning that the market risks accelerating deindustrialisation unless major reforms are adopted. Read MoreTop
SB64: COP31 Presidency unveils global electrification target to accelerate clean energy transition
The incoming presidency of COP31 has proposed a global target to increase the share of energy demand met by electricity to 35% by 2035, positioning electrification as a cornerstone of efforts to reduce emissions and accelerate the transition away from fossil fuels. Read MoreTop
Sustainability professionals not overly concerned by AI's environmental impact -report
About 60% of sustainability teams would like to ramp up their use of artificial intelligence in the coming year, with accuracy concerns posing a more significant deterrent than the environmental impacts of increased demand for water and energy, according to a report published on Tuesday. Read MoreTop
Standard body CAR updates permanence rules to 40 years and beyond
US-based standard body, the Climate Action Reserve (CAR), is seeking feedback on an update to tackle permanence that will extend for longer than the official 40-year timeline. Read MoreTop
EU-commissioned study recommends broader carbon border charges on imported goods' electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc's Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries. Read MoreTop
European aluminium lobby calls for EU to fix CBAM loopholes, warns of threat to industry
European Aluminium has called on EU finance ministers and ambassadors to address what it describes as critical shortcomings in the bloc's Carbon Border Adjustment Mechanism (CBAM), warning that the current proposal could fail to prevent carbon leakage in the aluminium sector. Read MoreTop
France opens final consultation on 2050 carbon neutrality roadmap, targets summer adoption
France has opened the final public consultation on the third version of its national low-carbon strategy (SNBC 3), giving stakeholders one month to comment before the climate roadmap is adopted by decree this summer. Read MoreTop
EXCLUSIVE: Coalition launches new common language, framework for managing permanence in carbon markets
Researchers, environmental organisations, and carbon market experts are urging the industry to look beyond traditional buffer pools and adopt a wider range of tools to ensure the long-term durability of nature-based carbon credits – using a new "unified framework". Read MoreTop
VCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024. Read MoreTop
Strong ETS "indispensable" for Europe, says banking federation
A strong and predictable EU Emissions Trading System (ETS) is essential to achieve Europe's climate targets and support investment, the European Banking Federation (EBF) said in a public statement Tuesday. Read MoreTop
Euro Markets: Calm energy markets leave EUAs, UKAs drifting
EU carbon allowances fell back towards the €76 mark on Tuesday in a muted session that drew thin trade with the benchmark generally following gas and power movements, as participants pointed towards a broadly neutral configuration across the continent's energy markets. Read MoreTop
