EU plans early carbon market auctions from July
29 Mar 2023
The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening.
The EU plans to raise 20 billion euros ($21.62 billion) in grants from its carbon market, with 8 billion euros of that coming from carbon permit sales held earlier than planned.
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EU asks 44 oil and gas producers to provide new CO2 storage solutions
Thu 5 Jun 2025
The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim to achieve climate neutrality.
EU science advisers slam Brussels’ weakened 2040 climate plans
Wed 4 Jun 2025
Using international carbon credits in place of domestic action undermines climate efforts, scientific advisory board says.
EU climate chief lobbied Germany to back weakened 2040 goal
Tue 3 Jun 2025
The European Commission’s climate chief successfully lobbied Germany’s coalition government to endorse a controversial measure that weakens the EU’s next climate target.
Brussels to propose ‘pragmatic’ 90% climate target for 2040
30 May 2025
The European Commission will tell countries to cut 90 percent of their planet-warming emissions by 2040, but offer “flexibilities” to make the goal politically palatable, according to EU climate chief Teresa Ribera.
Glacier collapse buries most of Swiss village
30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Europe’s next climate target may already have been agreed in Berlin
28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
EU countries agree to exempt most firms from carbon border tariff
28 May 2025
European Union countries backed plans on Tuesday to scale back the bloc's carbon border levy to cover just 10% of the companies currently covered by the scheme, on the grounds that these firms account for nearly all of the emissions involved.
Dutch environmental group launches new climate case against Shell to stop all investment in new oil and gas fields
21 May 2025
The NGO previously sued Shell to reduce its carbon emissions. The oil major has 700 extraction assets that have yet to be developed with potential CO2 emissions of 36 times those of the Netherlands’ annually.
More than 70% of adaptation plans for European cities are ‘inconsistent’
20 May 2025
More than 70% of European cities are not adapting to climate change in a consistent and coherent way.
Greenland dangles rare earths partnership with EU as Trump looms
20 May 2025
Greenland’s foreign minister has suggested the European Union could develop its coveted mineral resources amid threats by U.S. President Donald Trump to seize the island.
