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EU recovery package: Net zero launch pad or missed opportunity?

Business Green

As MEPs enter talks over EU Council's €1.8tr recovery package and budget deal, many key green questions remain. Of the overall €1.8tr package encompassing the recovery funding and the 2021-27 budget, EU leaders agreed that 30 per cent should be earmarked for the bloc's climate objectives and transition to net zero.

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How limited is the planet's capacity for supplying 'sustainable' biomass and biofuel?

Business Green

The new ETC analysis, released yesterday , sets out how rapidly increasing demand for bioresources from the manufacturing, construction, and energy industries could outstrip environmentally sustainable supplies unless alternative zero carbon options are rapidly scaled up and the use of biomass is carefully prioritised.

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‘Moonshot Moment’: Europe Announces Green Deal

GreenTechMedia

New European Commission President Ursula von der Leyen unveiled Europe's Green Deal on Wednesday, a package of 50 far-reaching policy ideas that are still missing many key details, calling it a "man on the moon moment" for Europe. Effective carbon pricing and climate compatible taxes are also in the works.

Europe 100
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European Business Groups Voice Support for New ‘Fit for 55’ Climate Agenda While Lobbying to Water It Down

DeSmogBlog

On July 14, the European Union (EU) announced a sweeping package of climate proposals that will help the continent cut greenhouse gas emissions by 55 percent by 2030, from a 1990 baseline. Our current fossil fuel economy has reached its limit,” European Commission President Ursula von der Leyen said at a press conference. “We

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled.  100B of deals went down in the Permian basin and Shell abandoned a $100M per year carbon credit pipeline.

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? Blackrock’s $550M DAC bet #174

Climate Tech VC

Tech-enabled credits continue to constitute a big chunk of an anticipated $1T voluntary carbon market , and Oxy is on a development frenzy. Just this year, Oxy: Acquired DAC company Carbon Engineering for $1.1B Just this year, Oxy: Acquired DAC company Carbon Engineering for $1.1B

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'Planet-positive force': How the global chemicals industry can reinvent itself as a climate solution

Business Green

That is the upbeat conclusion of a major new report today, which argues that while the chemicals industry currently lags behind many other sectors of the economy in terms of climate action, it has the potential to reinvent itself as a critical climate solution and even become carbon negative by 2040.