News

On 18 December 2022, the Council and Parliament reached a provisional agreement on the revision of the EU emissions trading system (‘EU ETS’), as part of the ‘Fit for 55’ package.

A modelling exercise for a 1.5°C global warming scenario shows that energy trade shrinks to account for 13% of global energy demand in 2050, and energy production goes local as renewables increase to reach 75% share of energy supply.

The European Union has granted EUR 1.8 billion through its Innovation Fund to 16 innovative projects that will avoid about 125 million tonnes of CO₂ emissions in the first 10 years of operation.

The Commission welcomes the deal reached this week between the European Parliament and the Council to help make the aviation sector ‘Fit for 55', setting in law its contribution to our target of reducing net greenhouse gas emissions by at least 55% by 2030.

The European Commission welcomes the provisional agreement reached with the European Parliament and Council to strengthen the EU Emissions Trading System (ETS), apply emissions trading to new sectors for effective economy-wide climate action, and establish a Social Climate Fund.

EAVOR-LOOP will proceed with the first commercial-scale implementation of an innovative closed-loop geothermal technology.  

Leaders from Viet Nam and the International Partners Group, including the EU, United Kingdom, France, Germany, the United States, Italy, Canada, Japan, Norway and Denmark have agreed a bold Just Energy Transition Partnership.

The European Commission has adopted its annual report on the European carbon market in 2021.

Weeks after the COP27 UN climate conference in Egypt and with the COP15 biodiversity conference in Canada still ongoing, it is clearer than ever that the two crises – climate change and biodiversity loss – are interconnected and need to be tackled together.

The Climate Resilience Dialogue will explore how insurance and other risk mitigation actions can contribute to climate resilience, from increasing climate risk insurance penetration, to incentives and investment in good adaptation solutions.

The Joint Committee under the EU and Swiss Linking Agreement agreed on the 2023 arrangements for the transfers of emission allowances between the registries of the EU Emissions Trading System and the Swiss Emissions Trading System.

At the COP27 UN Climate Change Conference which ended on Sunday morning in Sharm el-Sheikh, Egypt, the European Commission showed ambition and flexibility to keep the goal of limiting global warming to 1.5 degrees within reach.

The European Commission welcomes the provisional deal on the Land Use, Land Use Change and Forestry regulation reached late last night with the European Parliament and Council to increase the EU's target for net carbon removals by natural sinks to 310 million tonnes of CO2 equivalent by 2030.

From Pakistan to California to the south of France: the floods, heatwaves and wildfires that have hit different countries around the world this year have – once again – demonstrated how climate change knows no borders.

The European Commission welcomes the provisional agreement reached last night with the European Parliament and Council to increase the ambition of the EU's Effort Sharing Regulation (ESR).

Today, the European Commission is launching the third call for large-scale projects under the EU Innovation Fund. This call will boost the deployment of industrial solutions to decarbonise Europe and provide additional support towards ending the EU's dependence on Russian fossil fuels.

The average greenhouse gas intensity of fuels in the EU's 27 Member States has fallen by 5.5% compared to 2010, and decreased by 1.2 percentage points between 2019 and 2020.

Accelerating the transition to climate neutrality for Europe’s security and prosperity

At yesterday's Environment Council in Luxembourg, the Commission secured an ambitious negotiating mandate for the upcoming COP27 Climate Conference in November and the COP15 Biodiversity Conference in December.