According to a new study by the German Environmental Protection Agency, the European Emissions Trading System (ETS) is particularly vulnerable to money laundering. The reasons for this are the lack of transparency regulations for market participants and the large proportion of over-the-counter (OTC) trading in the ETS.Due to the rising CO2 prices, the attractiveness of […]
Following the corruption affair involving former EU Parliament Vice President Eva Kaili, the EU Parliament has now lifted the immunity of two MEPs, Andrea Cozzolino from Italy and Marc Tarabella from Belgium. Both belonged to the Socialist Group until recently but are now considered non-attached.Belgian investigators had requested to question them in connection with the […]
India is apparently considering introducing its own counterpart in response to the European Carbon Border Adjustment Mechanism (CBAM). This is according to an article in the Indian newspaper “The Hindu Business Line”.The newspaper cites meeting minutes from India’s Ministry of Commerce in December. It says India is exploring the possibility of its own border adjustment […]
The share of wind and solar energy in the EU’s electricity mix was at 22 percent last year, higher than that of fossil gas (20 percent) for the first time. The share of coal-fired electricity was 16 percent in 2022. This is according to a report by the energy think tank Ember.According to the report, […]
India is apparently considering introducing its own counterpart in response to the European Carbon Border Adjustment Mechanism (CBAM). This is according to an article in the Indian newspaper “The Hindu Business Line”.The newspaper cites meeting minutes from India’s Ministry of Commerce in December. It says India is exploring the possibility of its own border adjustment […]
On Thursday, the EU Commission initiated several lawsuits before the European Court of Justice (ECJ) against a number of member states. The issue is the failure to implement EU directives on renewable energies as well as environmental protection measures.The Commission demands that Bulgaria and Slovakia should be fined because neither country has transposed the 2018 […]
The European Central Bank (ECB) has unveiled statistical indicators to better analyze climate-related risks in the financial sector and monitor the green transition. “The indicators are a first step to help narrow the climate data gap, which is crucial to make further progress towards a climate-neutral economy,” said ECB Executive Board member Isabel Schnabel.Risk indicators […]
The years of great climate ambitions are over for the time being. In its program, the Swedish Council Presidency, therefore, emphasizes, above all, the implementation of existing climate targets. The aim is to put Fit for 55 into practice and accelerate the energy transition, according to a statement from Stockholm.However, a few negotiations on climate […]
“We need a European John Kerry,” said Peter Liese, environmental spokesman for the EPP, after the end of COP27. Frans Timmermans is overburdened in his role as climate commissioner because he is responsible for both EU legislation and international climate policy, according to Liese. In Sharm el-Sheikh, he said, the bridges were built by others, […]
“We need a European John Kerry,” said Peter Liese, environmental spokesman for the EPP, after the end of COP27. Frans Timmermans is overburdened in his role as climate commissioner because he is responsible for both EU legislation and international climate policy, according to Liese. In Sharm el-Sheikh, he said, the bridges were built by others, […]