climate change
Fossil fuel giant Occidental to capture carbon on behalf of Airbus
23 March 2022 - Occidental Petroleum is making the world's biggest CO2 direct air capture and storage system that will lower Airbus's carbon footprint for a fee
Carbon prices in EU fall despite record surge in fossil fuels
03 March 2022 - The cost of carbon dioxide within the European Union's Emissions Trading System touched EUR 55 per ton this week in a sharp selloff
Energy firms sue four EU countries for disrupting their fossil fuel projects
23 February 2022 - Five energy companies including RWE seek almost EUR 3.7 billion in damages from the Netherlands, Italy, Poland and Slovenia
Slovenian steelmaker SIJ to invest in decarbonization with bank loan
15 February 2022 - Steelmaker SIJ Group will use a part of a EUR 230 million loan to invest in energy efficiency as part of its decarbonization efforts
Energy Community is obligated to follow EU’s CEEAG state aid guidelines
14 February 2022 - The EU's Guidelines on State Aid for Climate, Environmental Protection and Energy (CEEAG) are obligatory, the Energy Community Secretariat said
World’s largest companies promise much more climate action than they deliver
10 February 2022 - Large global companies emphasize intentions to reduce carbon emissions to net zero, but according to the results of the latest analysis, they are going to reduce them by only 40% on average, against their pledges for 100%
European carbon emission prices hit record highs, nearing EUR 100 per ton
03 February 2022 - The cost of a ton of CO2 within the EU ETS reached an all-time high of just below EUR 95 as the market is bracing for a rally to EUR 100.
Fossil fuels still subsidized more than renewables in EU, auditors find
01 February 2022 - The EU's energy taxation and carbon pricing policies don't square with its climate goals, the European Court of Auditors said in a review
Bulgaria could warm by 4.4 °C by 2100, lose 20% of precipitation
01 February 2022 - Bulgaria is severely affected by climate change, WWF and the Konrad Adenauer Foundation said, warning the temperature rise could reach 4.4 degrees by 2100
McKinsey – Decarbonizing economy requires over USD 9 trillion per year
27 January 2022 - Achieving the goal of net-zero emissions by 2050 implies global investments of USD 9.2 trillion a year, 3.5 trillion more than today
Agora: Faster decarbonization in Western Balkans would ease impact of EU’s CO2 border tax
21 January 2022 - The Western Balkans need to step up the integration of their power markets and roll out carbon pricing to avoid the CO2 border tax, Agora said
Carbon capture projects failing but still to play role in energy transition
14 January 2022 - The carbon capture technology is still experimental, but it may have a shot with a proper funding scheme and a functional market
Germany’s new government announces ambitious decarbonization plan
13 January 2022 - Germany published a climate plan for the 2030 emissions target, decarbonization of industry, electrification of transport, and heating
Summer of 2021 in Europe was warmest ever
12 January 2022 - The last seven years were the warmest on record globally by a clear margin, and 2021 was the fifth-hottest year ever recorded
EU greenlights state aid regulations including CfDs, partly allows gas projects
22 December 2021 - Projects with government support need to be aligned with the EU's decarbonization goals, with some exceptions for gas
Elon Musk’s SpaceX seeks rocket fuel made from atmospheric CO2
14 December 2021 - Elon Musk revealed SpaceX would launch a program for capturing carbon dioxide from the atmosphere for the production of rocket fuel