News

President von der Leyen hosted an event at COP28 to promote the development of carbon pricing & carbon markets as powerful instruments to reach Paris Agreement objectives. This builds on the Call to Action for Paris-aligned Carbon Markets launched by the Commission, Spain and France in June 2023.

The Resource Mobilisation Plan is part of the Just Energy Transition Partnership, which was agreed between Viet Nam and the International Partners Group in December 2022 and will help the country deliver on its climate targets.

At the COP28 UN Climate Change Conference starting on 1 December in Dubai, the European Union will call on all Parties to take urgent action to bring down greenhouse gas emissions this decade and respect the commitments they made under the Paris Agreement.

The Commission is today opening the Innovation Fund's 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies.

The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund.

The Commission is proposing a Forest Monitoring Law that will plug existing gaps in the information on European forests and create a comprehensive forest knowledge base.

The Joint Committee under the EU and Swiss Linking Agreement agreed on the 2024 arrangements for the transfers of emission allowances between the registries of the EU Emissions Trading System and the Swiss Emissions Trading System.

EU Commissioner for Climate Action, Wopke Hoekstra met China’s Special Envoy on Climate Change, Xie Zhenhua, in Beijing, to prepare for the COP28 UN Climate Change Conference in Dubai. In a frank and constructive exchange, they agreed to increase cooperation on tackling the climate change.

The Commission adopted on 17 October a delegated regulation establishing a new Auctioning Regulation following the revision of the ETS Directive in the context of the Fit for 55 and REPowerEU.

The European Commission has today approved 171 new projects across Europe under the LIFE Programme for environment and climate action, worth more than €396 million.

Today in Brussels, EU Climate Commissioner and Chief COP28 Negotiator Wopke Hoekstra met with COP28 President Designate Dr Sultan Al Jaber to discuss the preparations for COP28, which will take place in Dubai, United Arab Emirates, from 30 November to 12 December.

A new study commissioned by DG Climate Action investigates ways to price GHG emissions from agricultural activities along the agri-food value chain and how this can be accompanied by providing farmers and other landowners with financial incentives for climate action and carbon farming.

Zambia and the European Union have today signed the Roadmap for the implementation of the EU – Zambia Forest Partnership

A new first-of-its-kind commercial plant in Spain is creating circular products out of waste that would otherwise be destined for landfill.

The European Commission is joining forces with the European Space Agency (ESA) to accelerate the use of Earth-observing satellites and the information they provide to address the pressing challenge of climate change.

By harvesting underground heat without the need for a reservoir, this innovative system has the potential to make geothermal power available virtually anywhere – and the EU’s Innovation Fund is supporting the effort.

The European Commission has adopted the Carbon Market Report, which reviews the functioning of the EU Emissions Trading System in 2022 and the first half of 2023.

The European Commission has adopted a Decision on the Union-wide total quantity of allowances to be allocated in respect of aircraft operators under the EU Emissions Trading System (ETS) for 2024.

On 26 October, the EU Climate Change Committee agreed the rules for the administration of shipping companies by Member States under the Emissions Trading System.