Head of EMEA @CarbonPulse. Ex Energy & Environment editor @EURACTIV and Brussels correspondent @FRANCE24. Views my own. Send me tips: [email protected]
Curious about @PKEE_Brussels view on the #EC latest proposal on the #MarketStabilityReserve - and why it’s a step in the right direction,yet still insufficient to tackle market challenges effectively?🤔 Read more in @FredSimonEU article for @CarbonPulse👇
https://t.co/dzRpYboFyr
🚩The Commission's long-term EU budget proposal, released yesterday, plans to set aside 30% of ETS revenues to fund "own resources" i.e.: money that goes straight in the EU budget
Today, the vast majority (~76%) currently flows directly to EU member states. Will they agree?
EU Commission expected to put forward 2040 climate target proposal ahead of a meeting of EU27 environment ministers on June 17, EU sources said on Friday.
* 90% target confirmed
* "Flexibilities" all on the table, including Article 6 credits
More: https://t.co/krapd3jCUy
🚨Global shipping strikes historic deal on ambitious carbon pricing system
Deal at IMO today for two-tier tax
* 63 in favour: EU, China, India, Japan, Brazil
* 16 against: Saudi A., UAE, Russia, Venezuela
* 25 abstained: Pacific states, Argentina
👉https://t.co/V9MoP1HyVW
German coalition deal paves way for EU’s 2040 climate target plan
* Support for 90% target at EU level
* 3% points max for Article 6 credits
* High quality permanent CO2 removals included
👉 https://t.co/jkmJdEBbYF
Decision on Europe’s 2035 NDC unlikely before July: EU presidency
* Talks ongoing but "no big progress,” says Polish state sec. Krzysztof Bolesta
* No agenda points foreseen under EU Polish presidency due to stalemate on 2040 target
* Options open
👉 https://t.co/IeeO8g7P5V
EU carbon market won’t survive if it causes factory closures, industrialists warn
"At one point, we might see U-turns in political decisions, with some countries or EP ... deciding to scrap the ETS completely,” said Pascal Siegwart from TotalEnergies
👉 https://t.co/xfobwlkzgv
EU’s 2040 target still due by end of March, followed by NDC in Q2
The EU Commission denied that its 2040 target plan could be delayed into Q2, rectifying statements from its Vice President Teresa Ribera who suggested the opposite in a recent interview
👉 https://t.co/sgcGgtZeKS
« L’UE a été conçue pour emmerder les Etats-Unis. C’était l’objectif et ils y sont parvenus. Mais désormais je suis le président », a lancé M. Trump.
https://t.co/kVHOwHv51u
‘For the first time in 40 years, emissions are going down because we’re shutting factories’: EU chemicals industry sounds alarm https://t.co/E65y5p7ZNT
⚠️The European Commission's Clean Industrial Deal initiative, due on Wednesday, lacks “game-changing” measures to reduce energy prices, such as a reform of the marginal pricing system for electricity, say EU steelmakers and trade unions.
👉https://t.co/6rW7qVu7CM
‼️On Friday, @Contexte publised a draft of the new state aid framework aiming at simplifing the access to state aid. At least for certain sectors that “contribute to the objectives defined in the Clean Industry Deal” : renewables, green H2 and even CCSU.
.
.
NOT nuclear.
1/12
✅ EU’s 2040 climate target plan back on the agenda for Q1
After facing an extended delay until the summer due to political headwinds, the Commission's proposal for a 2040 climate target is finally back on the agenda for publication in Q1
More: 👉 https://t.co/GsPSfdkZze
EU centre-right divide deepens amid “violent” talks on ETS2 and CBAM
@EPP also heavily divided on EU's upcoming 2040 climate target, report @EmiBarbiroglio and @RebeccaGualandi.
More:👉 https://t.co/RTWoEuI6T2