News

Today, Executive Vice-President for the European Green Deal Maroš Šefčovič has signed with Greece and the European Investment Bank (EIB) an agreement on the implementation of a national Decarbonisation Fund for the Greek islands, in Naxos (Greece).

At COP29, the EU has convened a group of like-minded countries to underscore their commitment to delivering on the goals of the Paris Agreement and keeping 1.5°C within reach.

The European Commission has today adopted the Carbon Market Report, which analyses and presents the functioning of the EU Emissions Trading System (EU ETS) in 2023 and the first half of 2024.

Today, the European Commission, Spain, Lithuania and Austria are announcing new financial support for the development of renewable hydrogen via the Innovation Fund.

At COP29 in Baku, signatories of the Treaty held a ministerial roundtable to discuss how they can converge further on climate and energy measures, advance decarbonisation efforts and take coordinated action to reach our global climate goals.

With COP29 just beginning in Baku, we looking into some of the EU’s diplomatic efforts on climate action in the run-up to the UN Climate Change Summit in Azerbaijan.

On the opening day of COP29 in Baku, the European Union and its Member States issued a joint statement reaffirming their commitment to strengthening gender integration in global climate action.

At the COP29 UN Climate Change Conference on 11-22 November in Azerbaijan, the European Union will work with international partners to deliver on the goals of the Paris Agreement of limiting global average temperature rise to as close as possible to 1.5C.

The EU achieved a net 8% reduction in greenhouse gas emissions in 2023 compared to the previous year.

The Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, helping to put cutting-edge clean technologies into action across Europe.

The Commission has granted today more than €380 million to 133 new projects across Europe under the LIFE Programme for environment and climate action.

The Commission has today published its assessment of the draft updated National Energy and Climate Plan (NECP) of Austria, with recommendations on where Austria should raise its ambitions in line with the agreed EU objectives for 2030.

On 16 October 2024, the European Commission adopted a delegated act to provide clarity on the inclusion of greenhouse gas emissions from offshore vessels in the Monitoring, Reporting and Verification (MRV) Regulation for maritime transport as of 2025.

The high-level conferences will take in the coming weeks, as the international community looks to make progress on issues of global importance.

Six renewable hydrogen projects have signed their respective grant agreements, advancing them towards implementation.

On 1 October, the European Commission extended the duration of the contract with European Energy Exchange AG (EEX) and its clearing system European Commodity Clearing AG (ECC) by one year for the services of the third common auction platform under the EU Emissions.

Renewable hydrogen is rapidly emerging as one of the leading clean alternatives to fossil fuels. Thanks to support from the Innovation Fund, the TopSOEC project aims to propel the large-scale production of European renewable hydrogen forward in an energy and cost-efficient way.

The Innovation Fund continues to support renewable hydrogen production as part of the European Hydrogen Bank.

At the 79th session of the United Nations General Assembly, the President of the European Commission, Ursula von der Leyen and the Prime Minister of Canada, Justin Trudeau, co-hosted a high-level event on carbon pricing and innovation.