The article reports on the 2.5% decrease in carbon dioxide emissions from fossil fuel combustion in the European Union (EU) in 2013 and mentions topics including EU countries with the highest emissions and cont...
Shipping companies will have a three-year phase-in period to transition smoothly to the ETS. During this period, they will be required to purchase and surrender EUAs for a portion of their total emissions, starting with 40% in 2024, followed by 70% in 2025, and eventually 100% in 2026....
The target recommended by the commission is based on an impact assessment on possible pathways to reach the agreed goal of making the EU climate neutral by 2050. "We have just lived through the hottest year on record. The case f...
In Croatia, the Chinese-built Senj Wind Farm, inaugurated in December 2021, produces about 530 million kilowatt-hours (kWh) of green electricity each year and reduces Croatia's carbon dioxide emissions by about 460,000 tonnes per year.This photo taken on May 27, 2021 shows the Kaposvar solar...
After being connected to the grid, the wind turbines are expected to send about 29 million kWh of electricity to the power grid annually, saving 9,000 tonnes of standard coal and reducing carbon dioxide emissions by 24,000 tonnes a year. ...
s ETS remains in line with the increased EU-wide target to lower emissions by 55% by 2030 from 1990 levels. The alignment with the Fit for 55 package will boost the linear reduction factor (LRF) — the rate at which the cap on the number of allowances declines each year — to 4.4...
For instance, he said China's achievements in new energy applications will help the EU to make more progress in sectors essential for people's livelihoods like new energy vehicles, batteries and carbon emissions. And the EU could also help Chinese companies grow faster in core fields such as ...
At a carbon cost of USD 100 per EUA, this would mean an added cost of USD 10 million per year once the EU ETS is fully phased-in. Charterers and owners engaged in larger vessels could easily generate ETS eligible emissions close to 500,000 tonnes of CO2 per year with an annual ...
The EU Emission Trading System (ETS) incentivises carbon emitters to reduce their emissions by creating a carbon market with a cap & trade system. This means there is a limit on the total amount of greenhouse gases that companies can emit each year. This system is monitored through a fixed...
The bloc, which takes big decisions by consensus among its 27 member states, is inching its way towards tighter emissions goals in time for a year-end deadline under the Paris climate agreement to spell out targets for 2030. Its longer term goal is net zero emissions of planet...