Heat pump sales in Europe plunge in 2024
The EU wants to reach 60 million heat pumps by 2030, but sales in major European markets fell 22% in 2024
EU outlines measures for 90% emissions cut by 2040
A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions
Greece to rely on carbon price, renewables potential in green hydrogen development
Despite early efforts to develop green hydrogen and its first regulatory framework, Greece finds itself on a steep curve.
The cost of keeping warm: delivering a just clean heat and cooling transition for European citizens
ETS2 – which will be launched in 2027 and will put a price on carbon emissions from buildings and transport – risks deepening the energy poverty problem
Croatia earmarks EUR 1.6 billion for Social Plan for Climate Policy
The Ministry of Environmental Protection and Green Transition has presented the Social Plan for Climate Policy and the EU ETS 2
Giving the billions to the millions: a socially just distribution of ETS-2 revenues
For ETS-2 to work, two elements are crucial: first, revenues need to be distributed equitably and, second, other policies to reduce fossil fuel demand must complement the EU’s carbon price
Romania to get EUR 6 billion for energy poverty from EU Social Climate Fund
Romania will be one of the biggest beneficiaries of SCF, creating an opportunity to reduce its energy poverty rate
EU ETS 2 will likely be bigger and tighter market than current EU ETS
EU ETS 2 is being prepared for road transport buildings and small industrial units. Experts from Vertis Environmental Finance laid out the implications.
