EU plans strategy to scale up investment in capturing CO2 emissions
1 year, 6 months ago

EU plans strategy to scale up investment in capturing CO2 emissions

The Hindu  

The European Commission is working on plans to speed up investment in capturing and storing carbon dioxide emissions, it said on Friday, as the bloc prepares to slash its net greenhouse gas emissions to zero by 2050. In a public consultation on the plans, the Commission said infrastructure to capture and store CO2 underground or use it in industries was not developing fast enough, hampered by factors including high costs to develop storage sites. To try and boost the industry, the Commission said it will produce an EU strategy that could include 2040 and 2050 targets for CO2 storage infrastructure, or EU-wide standards on CO2 quality and access to carbon capture infrastructure. Brussels proposed a target in March for the EU to be able to store 50 million tonnes of CO2 per year by 2030, and has said this may need to reach 550 million tonnes by 2050 to hit the bloc’s net zero emissions goal. For comparison, the EU’s total CO2 emissions from energy use were nearly 2.4 billion tonnes in 2022, according to Eurostat data.

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History of this topic

Global CO2 emissions to hit record high in 2024, report says
Trending News
1 month, 1 week ago

Global CO2 emissions to hit record high in 2024, report says

Hindustan Times  

* Global CO2 emissions to hit record high in 2024, report says Emissions from fossil fuels to rise nearly 1% to 37.4 bln T * Severe wildfires fuel 13.5% surge in land-use emissions * Emissions decrease in rich nations, rise in emerging economies * Without urgent action, global climate goals out of reach By Kate Abnett BAKU, - Global carbon …

Countries’ carbon removal plans not enough for 1.5C warming limit, study warns
7 months, 3 weeks ago

Countries’ carbon removal plans not enough for 1.5C warming limit, study warns

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Scientists have taken the UN’s approach of assessing the “emissions gap” between national climate protection plans and what is …

Britain must spend £30bn to strip CO2 from atmosphere and hit net zero, experts warn
7 months, 3 weeks ago

Britain must spend £30bn to strip CO2 from atmosphere and hit net zero, experts warn

The Telegraph  

Britain must invest £30bn in a network of massive air cleansing systems designed to strip CO2 from the atmosphere if it is to reach net zero, a government-funded report has warned. The “direct air carbon capture systems” would remove up to 48 million tonnes of CO2 from the air each year and then pump it into disused oil and gas …

Pressure builds for charge on global shipping sector's CO2 emissions
9 months ago

Pressure builds for charge on global shipping sector's CO2 emissions

The Hindu  

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed. While countries agreed in talks last week to continue negotiations on the emissions price, an official meeting summary noted they were “split on several issues” regarding the idea. …

Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation
11 months, 1 week ago

Ecostani | Why EU’s carbon tax puts a spanner in climate change mitigation

Hindustan Times  

India is likely to take the European Union to the World Trade Organisation over its proposed “restrictive” carbon tax on imports for six emission-intensive sectors on grounds that it is an “ill-conceived” idea, and has threatened to impose its own carbon tax on imports from the EU. In October 2023, the EU proposed a Carbon Border Adjustment Mechanism, under which …

EU reaches deal to reduce highly polluting methane gas emissions from the energy sector
1 year, 1 month ago

EU reaches deal to reduce highly polluting methane gas emissions from the energy sector

Associated Press  

BRUSSELS — European Union negotiators reached a deal on Wednesday to reduce highly polluting methane gas emissions from the energy industry across the 27-nation bloc. Under the provisional agreement announced just weeks before the COP28 climate conference, the fossil gas, oil and coal industry will be forced to “properly measure, monitor, report and verify their methane emissions according to the …

Carbon capture might finally work but taxpayers must not be burdened unnecessarily
1 year, 4 months ago

Carbon capture might finally work but taxpayers must not be burdened unnecessarily

The Telegraph  

The International Energy Agency has said carbon capture has so far “not lived up to its promise”, and questioned whether it will be able to play a major role in the transition to net zero by mid-century. The Climate Change Committee estimates carbon capture will be by far one of the most expensive green technologies by 2035. Getting carbon capture …

EU told to slash greenhouse gas emissions 90-95% by 2040
1 year, 6 months ago

EU told to slash greenhouse gas emissions 90-95% by 2040

India Today  

The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, as Brussels prepares a new goal to curb Europe's contribution to climate change. The European Commission is drafting what would be the EU's first legally binding emissions-cutting target for 2040, aimed at guiding the world's third-biggest …

Biden administration invests in carbon capture, upping pressure on industry to show results
1 year, 7 months ago

Biden administration invests in carbon capture, upping pressure on industry to show results

Associated Press  

The Biden administration on Wednesday announced $251 million for carbon capture and storage projects in seven states, aiming to reduce planet-warming pollution from power plants and other industrial facilities. Climate Envoy John Kerry, the government is increasing pressure on the carbon capture and storage industry to show that the technology can significantly help combat climate change. “Deploying the safe and …

EU lawmakers approve effective 2035 ban on new fossil fuel cars
1 year, 10 months ago

EU lawmakers approve effective 2035 ban on new fossil fuel cars

The Hindu  

The European Parliament on February 14 formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035, aiming to speed up the switch to electric vehicles and combat climate change. The landmark rules will require that by 2025 carmakers must achieve a 100% cut in CO2 emissions from new cars …

Study: Big gap in carbon removal effort key to climate goals
1 year, 11 months ago

Study: Big gap in carbon removal effort key to climate goals

Associated Press  

BERLIN — Researchers say efforts to remove carbon dioxide from the atmosphere aren’t being scaled up fast enough and can’t be relied on to meet crucial climate goals. Developing countries argue that their contribution to global carbon removal — mostly in the form of forests and land management — are equally important and deserve greater recognition. The study concludes that …

Carbon removal efforts not moving fast enough to reach climate goals, study shows
1 year, 11 months ago

Carbon removal efforts not moving fast enough to reach climate goals, study shows

LA Times  

Researchers say efforts to remove carbon dioxide from the atmosphere aren’t being scaled up fast enough and can’t be relied on to meet crucial climate goals. New carbon removal technologies include so-called direct air capture, in which carbon dioxide is sucked from the atmosphere and stored underground. Achieving “net zero” emissions by midcentury — a goal many countries are aiming …

EU reaches deal on major carbon market reform
2 years ago

EU reaches deal on major carbon market reform

The Hindu  

EU member States and parliamentarians on Sunday announced an agreement for a major reform to the bloc's carbon market, the central plank of its ambitions to reduce emissions and invest in climate-friendly technologies. The EU Emissions Trading System allows electricity producers and industries with high energy demands such as steel and cement to purchase "free allowances" to cover their carbon …

EU climate chief defends plans for ‘carbon farming’
2 years ago

EU climate chief defends plans for ‘carbon farming’

Associated Press  

BERLIN — The European Union’s top climate official on Wednesday dismissed criticism from environmental groups over its proposal to incorporate carbon removal methods into its climate plans, insisting the plan won’t undermine the bloc’s efforts to tackle global warming. Dozens of organizations issued a joint call Monday slamming the EU’s plans to certify so-called offsets — carbon absorbed through nature …

Europe urged to save natural gas to avoid shortage next year
2 years, 1 month ago

Europe urged to save natural gas to avoid shortage next year

Associated Press  

FRANKFURT, Germany — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel to heat homes and generate electricity …

Energy agency: CO2 emissions rise in 2022, but more slowly
2 years, 2 months ago

Energy agency: CO2 emissions rise in 2022, but more slowly

Associated Press  

BERLIN — The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon dioxide emissions — the main greenhouse gas responsible for global warming …

New climate deal spurs hopes of more carbon storage projects
2 years, 4 months ago

New climate deal spurs hopes of more carbon storage projects

Associated Press  

— The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer. So far, removing carbon dioxide from power plant smokestacks and pumping it underground hasn’t been feasible without higher electricity bills to cover the technique’s huge costs. “We can ground truth our simulations.” McLaughlin’s team also does …

EU lawmakers endorse ban on combustion-engine cars in 2035
2 years, 6 months ago

EU lawmakers endorse ban on combustion-engine cars in 2035

Associated Press  

BRUSSELS — The European Parliament on Wednesday threw its weight behind a proposed ban on selling new cars with combustion engines in 2035, seeking to step up the fight against climate change through the faster development of electric vehicles. The 2030 CO2-reduction target and ban on combustion engines in 2035 were proposed last year by the European Commission, the EU’s …

Carbon capture and storage: Where should the world store CO2? It’s a moral dilemma
3 years ago

Carbon capture and storage: Where should the world store CO2? It’s a moral dilemma

Firstpost  

Funding for carbon capture and storage is insufficient. On the other hand, it might be important to develop storage sites in economies where the current and future demand for carbon capture and storage is greatest. Developing storage sites in economies where expected demand for carbon capture is highest overwhelmingly favours developing regions of Asia. In India and China, for instance, …

EU pitches new plan to battle global deforestation from home
3 years, 1 month ago

EU pitches new plan to battle global deforestation from home

Associated Press  

BRUSSELS — The European Union on Wednesday pitched a new plan for the bloc’s citizens to battle global deforestation from home, offering assurances that a sip of coffee or bite of chocolate will not have come at the cost of trees. If approved by EU member states and the European Parliament, the Commission’s proposal would force companies and producers to …

Our photos and emails are silently releasing tonnes of carbon, new report says
3 years, 1 month ago

Our photos and emails are silently releasing tonnes of carbon, new report says

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The amount of storage necessary for all the photos people in Britain take is generating …

Have we solved the carbon capture conundrum?
3 years, 2 months ago

Have we solved the carbon capture conundrum?

The Telegraph  

The centre of the chemical engineering department at Imperial College London is dominated by a cluster of stainless steel pipes stretching four storeys high. This pilot plant is part of Britain’s largest carbon capture research programme and is intended to demonstrate to students best practice in capturing and storing harmful carbon dioxide. Ministers are doubling down on the technology by …

How trading CO2 could save the climate
3 years, 2 months ago

How trading CO2 could save the climate

BBC  

How trading CO2 could save the climate Getty Images A global carbon market would have potential to significantly lower the world's carbon emissions, proponents say For its proponents, a global carbon market could significantly reduce the world's carbon emissions. Governments say carbon credits, and a global carbon market where these credits can be bought and sold, can help them achieve …

Key airline group targets net-zero carbon emissions by 2050
3 years, 2 months ago

Key airline group targets net-zero carbon emissions by 2050

Associated Press  

GENEVA — The world’s largest association of airlines said Monday that it is aiming for the air transport industry to reach net zero carbon emissions by 2050, while acknowledging it will be a “huge challenge.” The International Air Transport Association, which has key offices in Geneva, said its general meeting in Boston had agreed on the target, a commitment that …

A fighting chance: EU to lower greenhouse emissions by 55%, target Net Zero by 2050
3 years, 5 months ago

A fighting chance: EU to lower greenhouse emissions by 55%, target Net Zero by 2050

India Today  

The 27 countries of the European Union have decided to give the entire world, comprising of 195 countries, a fighting chance to keep breathing in the days to come. On July 14, the EU announced a slew of sweeping legislation aimed at bringing down their combined greenhouse gas emissions by 55 per cent by the end of 2029. The President …

EU unveils tough climate rules, eyes tax on foreign firms
3 years, 5 months ago

EU unveils tough climate rules, eyes tax on foreign firms

Associated Press  

BRUSSELS — The European Union unveiled sweeping new legislation Wednesday to help meet its pledge to cut emissions of the gases that cause global warming by 55% over this decade, including a controversial plan to tax foreign companies for the pollution they cause. European Commission Executive Vice-President Frans Timmermans said that by failing to act now, “we would fail our …

EU proposes world’s 1st carbon border tax for some imports
3 years, 5 months ago

EU proposes world’s 1st carbon border tax for some imports

Live Mint  

The European Commission on Wednesday put forward plans for the world’s first "carbon border tax" on imports of carbon-intensive goods, including steel, cement, fertilisers and aluminium, as part of a programme to meet its new climate target. Under the proposal, importers will be required to buy digital certificates representing the tonnage of carbon dioxide emissions embedded in their imported goods. …

EU to unveil tough rules to combat climate change, including plan to tax foreign firms
3 years, 5 months ago

EU to unveil tough rules to combat climate change, including plan to tax foreign firms

Firstpost  

The proposals by the European Commission will cover everything from tougher caps on car pollution to new national limits on gases from buildings Brussels: The European Union on Wednesday is unveiling sweeping new legislation to help meet its pledge to cut emissions of the gases that cause global warming by 55 percent over this decade, including a controversial plan to …

EU unveils tough climate rules to stop ‘wars over water and food’
3 years, 5 months ago

EU unveils tough climate rules to stop ‘wars over water and food’

Al Jazeera  

The European Union unveiled sweeping new legislation to cut greenhouse gas emissions by 55 percent this decade, aiming to turn green goals into concrete action and set an example for the world’s other big economies to follow. “The infernos and hurricanes we have seen over the last few weeks are only a very small window into what our future could …

European Union unveils tough climate proposal, including new taxes on foreign firms
3 years, 5 months ago

European Union unveils tough climate proposal, including new taxes on foreign firms

LA Times  

European Commission President Ursula von der Leyen, center, and other commission officials announce plans for new emissions rules at a news conference in Brussels on Wednesday. ”The principle is simple: emission of CO 2 must have a price, a price on CO 2 that incentivizes consumers, producers and innovators to choose the clean technologies, to go toward the clean and …

Climate change: European Union enshrines net zero and emissions targets into law
3 years, 5 months ago

Climate change: European Union enshrines net zero and emissions targets into law

CNN  

CNN — The European Council adopted a climate change law Monday that legally obliges its 27 nations to collectively slash greenhouse emissions by 55% by 2030 – from 1990 levels – and to become a net-zero-emissions economy by 2050. The European Union and several other nations increased pledges to cut greenhouse gases and reach carbon neutrality at a virtual climate …

EU leaders set for spat over distribution of carbon-cut burden
3 years, 7 months ago

EU leaders set for spat over distribution of carbon-cut burden

Hindustan Times  

European Union leaders are poised for a wrangle over how to distribute the burden of the EU’s bolstered plan to stem climate change. Sharing the burden is likely to expose the divide between the richer western countries and poorer eastern members as the 27-nation EU seeks to reinforce its position as a global leader in reducing pollution. East-West divide Poland, …

Energy agency: End new fossil fuel supply investments
3 years, 7 months ago

Energy agency: End new fossil fuel supply investments

Associated Press  

BERLIN — The International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including ending investments in new coal mines, oil and gas wells. The Paris-based agency, long considered close to the fossil fuel industry, said in a report released Tuesday that it has determined there is …

IEA issues ‘dire warning’ as CO2 emissions set to soar in 2021
3 years, 8 months ago

IEA issues ‘dire warning’ as CO2 emissions set to soar in 2021

Al Jazeera  

The IEA predicts that carbon dioxide emissions could rise to 33 billion tonnes in 2021 – the second largest rise in emissions ever. Global carbon emissions are set to jump by five percent marking the largest single increase in more than a decade as the economic rebound from the coronavirus pandemic is “anything but sustainable” for the climate. The International …

The Netherlands joins movement to end use of fossil fuel cars by 2030
3 years, 9 months ago

The Netherlands joins movement to end use of fossil fuel cars by 2030

NL Times  

Together with eight other EU countries, the Netherlands asked the European Commission to increase measures to get fossil fuel cars off Europe's roads and so contribute to the reduction of CO2-emissions. “If the goal of CO2 neutrality by 2050 is to be attained, the production of vehicles with combustion engines needs to be stopped by 2030 when you take into …

EU Environment Ministers Strike Deal on Climate Law, Leave Out 2030 Emissions-cutting Target
4 years, 2 months ago

EU Environment Ministers Strike Deal on Climate Law, Leave Out 2030 Emissions-cutting Target

News 18  

European Union environment ministers struck a deal on Friday to make the bloc’s 2050 net zero emissions target legally binding, but left a decision on a 2030 emissions-cutting target for leaders to discuss in December. It will fix in law the EU target to reach net zero emissions by 2050 and define the rules for reviewing progress towards climate targets. …

European Commission to propose more ambitious 2030 climate goal: Document
4 years, 3 months ago

European Commission to propose more ambitious 2030 climate goal: Document

India Today  

The European Commission will propose that the European Union sets a 2030 target of cutting its net greenhouse gas emissions by “at least 55%” against 1990 levels, according to an internal document seen by Reuters. Already well on the way to meeting its current climate target of a 40% cut by 2030, the EU wants to set a more ambitious …

Carbon capture systems must be developed in the UK if we are to have any hope of reaching net zero
4 years, 4 months ago

Carbon capture systems must be developed in the UK if we are to have any hope of reaching net zero

The Telegraph  

Stretching 81 miles out to sea from Scotland’s rugged north-east coast, the Goldeneye pipeline has helped bring vast amounts of gas back to the mainland for owner Shell during its 16 years of operation. The Acorn project is among several embryonic Carbon Capture and Storage projects being developed by Shell, Vitol, Drax and others in Yorkshire, Liverpool and elsewhere as …

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