The UK government has announced plans to implement a carbon pricing mechanism on imports of carbon-intensive goods such as iron, steel, and cement by 2027. The move aims to combat ‘carbon leakage’—where emissions are shifted to countries with laxer carbon restrictions—and ensure that imported goods face equivalent carbon costs to domestic products. Chancellor Jeremy Hunt […]
Read More… from UK to Introduce Carbon Levy on Imports by 2027
Hamburg-based energy start-up 1Komma5 Grad has received its first bank loans, totaling approximately €52.5 million, from BNP Paribas, Deutsche Bank, and LBBW, proving its creditworthiness as it prepares for a planned initial public offering (IPO) in 2025. The company, led by CEO Philipp Schröder, intends to use the borrowed capital primarily for acquisitions rather than […]
Read More… from 1Komma5 Grad Secures Bank Loans for Expansion and Eyes 2025 IPO
The Renewable Energy Association of Austria criticises the financial agreement for climate protection as being marginal, with the main instrument—the Zukunftsfonds—underfunded at 1.1 billion euros, of which only 600 million is climate-related. This budget is allocated for housing renovations, renewable energy expansion, and environmental protection, with an additional 30 million for public transportation. Experts from […]
The first phase of a pioneering system to impose CO2 emissions tariffs on imports like steel and cement, aiming to equalize the cost of pollution between EU industries and foreign producers was initiated on October 1st 2023. Starting 2026, EU importers must buy certificates for the greenhouse gases produced by these goods. The measure seeks […]
Read More… from EU Launches Initial Phase of CO2 Emissions Tariffs on Imports