article thumbnail

Europe Goes Big on Green Recovery Package While America Pushes the Status Quo

GreenTechMedia

Europe is crafting a €750 billion recovery package in response to the economic impact of the coronavirus pandemic. It will devote more than €200 billion directly to low-carbon infrastructure projects. our recent stimulus package sent billions of dollars to debt-laden oil producers. Meanwhile, here in the U.S.,

Packaging 130
article thumbnail

EU carbon prices surge to 14-year high

Business Green

CO2 price in EU emissions trading scheme breaches €30 per tonne-mark amid political push for 'green recovery'. The price of allowances in Europe's carbon market surged to a 14-year high on Monday, as the promise of 'green recovery' climate policies across the EU helped prices breach the €30 per tonne-mark for the first time since 2006.

Carbon 84
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK Boosts Hydrogen, EVs and Carbon Capture With New Net-Zero Plan

GreenTechMedia

A new 5-gigawatt “low-carbon” hydrogen target for 2030 has been revealed, along with an ambition to heat an entire town with hydrogen by the end of the decade. Carbon capture target to capture 10 megatons of carbon dioxide by 2030. Germany’s stimulus package includes €2.5

Hydrogen 130
article thumbnail

Business leaders call on government to put carbon pricing at heart of UK climate plan

Business Green

Groups as diverse as Tesco and Greenpeace back letter urging government to deliver stronger and more consistent carbon pricing regime. Ahead of today's Spending Review the government is facing fresh calls to reform the UK's carbon pricing regime in support of the net zero transition.

article thumbnail

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.

article thumbnail

How best to solve a problem like carbon pricing?

Business Green

A new OECD report weights up the pros and cons of a host of carbon pricing options, from cap and trade systems to flat fuel taxes. And, among them, questions over carbon pricing mechanisms in particular are sure to come increasingly to the fore throughout the rest of 2020. That is not to say carbon prices are enough by themselves.

Carbon 70
article thumbnail

Watering down the UK’s net zero strategy may backfire for Rishi Sunak

The Guardian: Energy

Supporters of the stance believe the recent Uxbridge byelection upset has revealed a valuable new electoral dividing line: voters who are keen on carbon-cutting in theory become much less keen when the bill arrives. Continue reading.