
Joint letter – Time to strengthen EU-UK cooperation by linking the EU and UK ETS
In the run up to the EU-UK Summit on May 19th, Bellona and a broad coalition of EU and UK stakeholders are calling on the European Commission and the...
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Publish date: June 25, 2014
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With Russia’s annexation of Crimea we have seen energy security being pushed up the EU’s political agenda as the 28 Member States deliberate on a plan to reduce reliance on natural gas from the Moscow-controlled OAO Gazprom. Simultaneously, the Member States plan to finalise the 2030 Climate and Energy Package by October 2014, laying out targets that include reducing emissions by 40% by 2030 from 1990 levels.
Poland, which relies on coal for more than 80% of its electricity and power generation, has suggested that the EU proceed at a slower pace with regards to climate change mitigation measures. In the opinion of Pawel Smolen, president of EURACOAL “de-carbonisaton means de-electrification, which is impossible”. Davey rightly recognises this to be incorrect, and that an EU-wide solution to supporting CCS development in Poland or elsewhere is essential as part of a package to tackle coal emissions.
A report of the International Energy Agency (IEA) states that annual spending on low-carbon technologies and energy efficiency needs to double to about EUR 580 billion by 2020 from 2013 levels to keep temperatures from rising more than 2 degrees Celsius from pre-industrial levels. Moreover, according to the IEA, delayed CCS deployment would increase the cost of power sector decarbonisation globally by EUR 1 trillion through 2035 and result to lost sales of fossil-fuel producers. Therefore, Davey urges the early deployment of CCS in order to attain a low-carbon world by 2050 cost-effectively.
In the run up to the EU-UK Summit on May 19th, Bellona and a broad coalition of EU and UK stakeholders are calling on the European Commission and the...
The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member.
Recent reports suggest Commission is backsliding on 2040 target commitment. Flexibilities reportedly being discussed include a weaker traje...
Monday this week, Norwegian state-owned petroleum company Equinor (with partners Vår Energi and Petoro) started production at a new Arctic site, with...
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