Financing the energy transition: Commission puts €14 billion fund to modernise energy sectors in 10 Member States into action Thu, 09 Jul 2020 00:00:00 +0200
The Commission adopted today the rules on the operation of the Modernisation Fund, an EU solidarity funding mechanism to support 10 EU Member States in their transition to climate neutrality by helping to modernise their energy systems and improve energy efficiency. The Member States to benefit by the Modernisation Fund are Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.
EU, Canada and China co-host international meeting on climate cooperation and a sustainable economic recovery Tue, 07 Jul 2020 00:00:00 +0200
Today, the European Commission’s Executive Vice-President Frans Timmermans, the Canadian Minister for Environment and Climate Change Jonathan Wilkinson and China’s Minister for Ecology and Environment Huang Runqiu co-chaired the 4th session of the Ministerial on Climate Action (MoCA). This year’s meeting took place in a virtual format. Against the backdrop of the Coronavirus pandemic, the meeting focused on aligning global recovery measures with the Paris Agreement, and improving resilience against future crises. Participants included Ministers from G20 countries and other key parties in the UN climate negotiations.
Boosting the EU’s green recovery: Commission invests € 1 billion in innovative clean technology projects Fri, 03 Jul 2020 00:00:00 +0200
The Commission is launching today the first call for proposals under the Innovation Fund, one of the world’s largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU’s Emissions Trading System. The Innovation Fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. It will provide a boost to the green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.
2020 revised auction calendars published Wed, 01 Jul 2020 00:00:00 +0200
The European Energy Exchange (EEX) and ICE Futures Europe (ICE) published today the revised 2020 auction calendars in view of the implementation of the Market Stability Reserve. The EEX auctions in its capacity of common auction platform will include, as from 16 July, the volumes of allowances for the Innovation Fund.
Average CO2 emissions from new light-duty vehicles registered in Europe increased in 2019, requiring significant emission reductions to meet the 2020 targets Thu, 25 Jun 2020 00:00:00 +0200
The average CO2 emissions of new light-duty vehicles registered in the EU28, Iceland and Norway in 2019 stayed well below the applicable targets, according to provisional data published by the European Environment Agency. However, average CO2 emissions of both new passenger cars and new vans increased compared to 2018. Manufacturers will have to significantly reduce emissions of their fleet to meet the stricter targets that apply from this year on.