COP29 decisions ambitious but insufficient to curb global warming
The COP29 summit resulted in a global pledge of USD 300 billion per year for poorer and most vulnerable countries and a global carbon market deal
Greece establishes Islands Decarbonization Fund with EU
The Islands Decarbonization Fund was launched in Naxos, with financing from the European Investment Bank
Landmark deal reached at COP29 on global carbon market
Countries participating in COP29 reached a consensus on standards for the creation of carbon credits in line with the 2015 Paris Agreement
Turkey plans 89 GW of new solar, wind power by 2035
The Government of Turkey aims to almost quadruple wind and solar power capacity to 120 GW by 2035, according to the new roadmap
Western Balkans can’t secure CBAM exemption for electricity in time
For an exemption from the CBAM cross-border CO2 tax on electricity, Balkan countries must couple their markets with an EU neighbor
Serbia proposes national CO2 pricing system instead of regional ETS
In light of CBAM, Serbia could accept taxing emissions on a national level at fixed prices instead of a regional emissions trading system
Lufthansa introduces surcharge to offset rising environmental compliance costs
The costs include sustainable fuel use, emissions trading systems, and the international carbon offsetting scheme, Lufthansa said
CO2 is CO2: Zero Waste Europe calls for including incineration in EU ETS
Incinerators are poised to become the most carbon-intensive power source once coal is phased out, claims Zero Waste Europe