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EU agrees 'game-changing' carbon market expansion

The EU has agreed a ground-breaking carbon border adjustment mechanism (CBAM) alongside a deal to strengthen and expand its emissions trading system (ETS),...

Von der Leyen confirms EU ETS extension to buildings, transport

European Commission President Ursula von der Leyen has confirmed plans to extend the scope of the EU carbon trading market to cover the road transport and buildings sectors, whilst another EU official suggested it may run alongside the existing scheme.

UK, EU urged to link carbon markets ahead of COP26

The UK and EU have been urged to start the process of linking their respective carbon emissions trading systems (ETS) ahead of the COP26 meeting in November.

EU carbon prices hit record after climate goal agreement

Hydrogen's explosive potential to green the economy

'Green' hydrogen promises many benefits to help decarbonise our economies, but it may need EU carbon prices to be five times higher by 2030. Ahren Lester reports.

ECB gives green light to sustainability-linked bonds

The European Central Bank (ECB) has announced that sustainability-linked bonds (SLBs) will be eligible as collateral and for its asset purchase programmes from 2021, delivering an important boost to the nascent asset class.

IMF publicly supports EU proposal to apply carbon pricing to imports

The head of the International Monetary Fund (IMF) has backed proposals by the EU to introduce carbon levies to imports if major emitting countries are unable to agree a minimum carbon price.

EUA prices 'could soar to €51 by 2030' after EU raises climate ambition

A raised EU target to cut emissions by 2030 could send average carbon prices 55% higher than previously forecast over the next decade, hitting a new record of €50 by 2030, according to a report by Refinitiv.

EU targets €225bn green bond issuance amid strengthened climate push

The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.

EU's €750bn recovery plan to use green taxonomy

The European Commission's €750 billion ($825 billion) Covid-19 recovery fund will be geared around climate action, including an expansion of the EU emissions trading scheme.