Energy Community is obligated to follow EU’s CEEAG state aid guidelines
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
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
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
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
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
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
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
The carbon capture technology is still experimental, but it may have a shot with a proper funding scheme and a functional market