EU presents Electrification Action Plan
The European Commission aims to make Europe the first electro-powered continent
EU simplifying CBAM exemption for electricity, improving emissions calculation
Energy Community contracting parties that transposed EU aquis will be eligible for earlier exemptions from CBAM for electricity
European Commission proposes easing 2035 car emissions rules
The new rules would lower the emissions cut target from 100% to 90% and allow the sale of hybrid and internal combustion vehicles after 2035
EU waters down its 2040 climate target in runup to COP30 in Brazil
The EU upheld its proposed 90% emissions cut target for 2040 ahead of COP30 in Brazil, but with substantial workaround possibilities
European Hydrogen Bank’s auction four times oversubscribed
The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids for projects in 11 countries
EU Clean Industrial Deal envisages EUR 100 billion Industrial Decarbonisation Bank
Within the Clean Industrial Deal, the European Commission aims to raise up to EUR 100 billion for the Industrial Decarbonization Bank
European Commission seeks one-year delay for CBAM in leaked draft
The European Commission's leaked draft legislative proposal contains significant potential changes to how the EU's CBAM will operate
EU to exempt 80% of importers from CBAM carbon tax
European Commissioner Wopke Hoekstra vowed to exempt over 80% of companies that are eligible for payments under CBAM