ETS2 prices will be felt in transport fuel costs especially in those countries where fuel taxes are low, such as Hungary, Poland, Spain, Germany and Italy. In these countries petrol and diesel prices are expected to rise between 11-14% in 2027 and 17-22% in 2030 as a result of the ETS2: Veyt

While the EU’s road transport and heating emissions nudged down only 2% over the past 10 years, the cap of the bloc’s upcoming ETS2 is designed to force down emissions by 69% over the market's first 10 years: Veyt

Up-front investment needed for the UK to reach net-zero is 73% smaller than thought in 2020, bringing the net cost down to just £108bn over 25 years (0.2% of GDP)
via @carbonbrief.org
www.carbonbrief.org/ccc-reducing...

Clean Industrial Deal will make our industry great. Not great again, but even greater than what it used to be: Teresa Ribera

Europe knows how to reform itself. We don't have a chainsaw, OK, but we have competent people leading the charge: Stéphane Séjourné

audiovisual.ec.europa.eu/en/video/I-2...

UN's Green Climate Fund at its last meeting this week approved investments totalling $686.8 million for 11 projects in 42 countries.
New projects include first-time single-country investments in Serbia aiming to enhance forest resilience
@greenclimate.fund
www.greenclimate.fund/boardroom/me...

Selfie with @stockholmexergi.se’s power plant which will soon be turned into a #BECCS facility with 0.8m tonnes of CO2 removed per year, making it the EU’s largest engeneered CDR project

Shell's Energy Security Scenarios cover a +1.2-2.2°C global warming by 2100, far lower than the genuine concerns just a decade ago that the range extended beyond 4°C.
Final temperature outcome rests to a large extent on the world’s success in deploying CO2 removals www.shell.com/news-and-ins...

"Canada will continue to explore the possible use of cooperative approaches under Article 6 of the Paris Agreement as a way to help meet Canada's targets": Canada NDC unfccc.int/sites/defaul...

Germany could remove >18 million tonnes of CO2e a year from the air through various ocean alkalinity enhancement practices that involve spreading finely ground minerals, such as limestone and silicate rock, to seawater in the Baltic and North Sea: report
#CDR
cdrmare.de/2025/02/13/r...

We’ve agreed to a diet plan consisting of great salad recipes but with no limitation on the amount of junk food: Paul Bodnar, Bezos Earth Fund on COP29
www.linkedin.com/pulse/new-cl...

“We are told the $1.3tr proposal from developing nations is ‘extreme.’ But what’s truly extreme is spending $2.5tr on wars or $7tr on fossil fuel subsidies while failing to commit even a fraction of that to save lives….Stop the circus”: Panama at @COP29_AZ static.euronews.com/articles/sto...

“We plan to phase out coal-fired and all fossil-fueled power plants within the next 15 years”: Indonesia’s president
setkab.go.id/en/g20-summi...

China’s historical emissions reached 312bn tonnes of CO2 in 2023, overtaking the EU’s 303bn t.
China is still far behind the 532bn tonnes of CO2 emitted by the US, however: @CarbonBrief analysis
www.carbonbrief.org/analysis-chi...

Saudi Arabia has been working to bury language agreed last year at COP28 on ‘transitioning away from fossil fuels’.
With varying degrees of success, the Saudis have opposed transition language in at least five UN resolutions this year including COP29 in Baku www.tbsnews.net/environment/...

Estimates for the cost of the transition away from fossil fuels range from around $3-12trn a year. All of them are consistently overblown
www.economist.com/interactive/...