Fit for 55 package to push CO2 prices to EUR 90 by 2030
A price increase is expected in particular in the second half of the decade, according to the analysis of the ICIS.
EU Greens want CO2 floor price of EUR 50, increase to EUR 150 by 2030
The Greens in the European Parliament want to increase the CO2 price in order to phase out coal and achieve 100 percent renewables target.
Slovenia’s coal power plant TEŠ to generate EUR 870 million loss by 2030
The closure of Šoštanj power plant could be inevitable even before 2033, currently the most optimistic scenario for Slovenia’s coal phaseout.
Montenegro to set coal phaseout deadline in national energy and climate plan – prime minister
The country is preparing a new energy strategy, which will put priority on renewable energy sources in order to achieve climate neutrality.
EU agrees on European Climate Law, makes 2050 net zero emissions target legally binding
Reducing net greenhouse gas emissions by at least 55% by 2030 compared to the 1990 levels will be also legally binding target.
Elon Musk offers USD 100 million prize for best carbon capture technology
Elon Musk, founder and CEO of electric car maker Tesla Motors, has said he will donate USD 100 million as a prize for the best carbon capture technology. Musk, who also owns aerospace company SpaceX, pledged the money in a tweet, adding later that he would reveal more details next week. Carbon capture is seen […]
World’s richest 1% cause two times more CO2 emissions than poorest 50%
The wealthiest 1% of people need to reduce their CO2 footprint by a factor of 30 to stay in line with the Paris Agreement targets, UNEP said.
Belgrade University professors warn politicians failure to phase out coal will be more costly than any decarbonization measures
It will be more expensive for the country to did nothing to reduce CO2 emissions, than to implement decarbonization measures.