Commission adopts detailed reporting rules for the Carbon Border Adjustment Mechanism’s transitional phase

EU agrees on a 2040 Climate target that sets a clear path towards a decarbonised and competitive economyThis article is brought to you in association with the European Commission. The European Commission adopted today the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025. The Implementing Regulation published today details the transitional […]

Why industrial clusters are key to unlocking the potential of carbon capture solutions

This article is published in association with European Investment Bank.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Melissa Stark, Global Lead for Energy Transition and Net Zero Transition Services, Accenture, Gregory Claes, Pipeline program lead, Port of Antwerp-Bruges Carbon capture is key in lowering the carbon footprint of heavy emitting sectors – steel, chemicals, cement […]

How (and why) to boost carbon capture, usage and storage to move towards net zero

This article is published in association with European Investment Bank.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Wioletta Nawrot, Associate Professor of Economics and Sustainable Finance, ESCP Business School, London campus, Tomasz Walkowicz, Senior Manager, Banking Analytics, Deloitte One promising process to reach carbon emission targets laid out in the Paris Agreement is Carbon Capture, […]

How to accelerate the decarbonization of aviation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alejandro De Quero Cordero, Sustainability Lead, Aerospace and Drones, World Economic Forum The aviation industry presents one of the most formidable decarbonization challenges.Aviation contributes under 3% of global carbon emissions.Decarbonizing aviation will require all available options, including battery-electric […]

The pioneering carbon dioxide moonshot that could help tackle climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Will Gardiner, CEO, Drax Time is running out to tackle the climate crisis – we need urgent solutions.In the spirit of the moon landing, action is needed to limit global warming.Bioenergy with carbon capture and storage could help […]

Riding the ESG investing rollercoaster and the safeguards that intelligent carbon accounting can provide

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author:Luiz Avelar, Senior Director, Strategy, Envision Digital Once hailed as the poster child of investing, ESG (environmental, social and governance) reporting has been rapidly growing in recent years, with investors spilling trillions of dollars into funds that prioritise organizations […]

If good data is key to decarbonization, more than half of Asia’s economies are being locked out of progress, this report says

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ewan Thomson, Senior Writer, Forum Agenda If measuring something is the first step towards understanding it, and understanding something is necessary to be able to improve it, then good data is the key to unlocking positive change. This is […]

EU countries approve 2035 phaseout of CO2-emitting cars, and the other nature and climate news you need to read this week

Commission amends ETS State aid Guidelines to tackle carbon leakage for more energy-intensive industriesThis article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood Writer, Forum Agenda 1. EU countries approve 2035 phaseout of CO2-emitting cars European Union countries gave final approval on 28 March to a landmark law to end sales of new CO2-emitting cars in 2035, after Germany won […]

Fit for 55: zero CO2 emissions for new cars and vans in 2035

This article is brought to you in association with the European Parliament. Parliament approved the new CO2 emissions reduction targets for new passenger cars and light commercial vehicles, part of the “Fit for 55” package. With 340 votes in favour, 279 against and 21 abstentions, MEPs endorsed the deal reached with the Council on revised CO2 […]

Decarbonizing real estate: How to price the net zero transition to avoid a ‘carbon bubble’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kalin Bracken, Lead, Real Estate, World Economic Forum Real estate is the largest asset class in the world and it’s also one of the most significant contributors to global carbon emissions. As recognition of the existential threat of […]

Finance pivots from risks to the opportunities of energy transition and decarbonization at COP27

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Huw van Steenis, Vice-Chair, Oliver Wyman The mood at COP27 was subdued. The Ukrainian war, the energy crisis, rampant inflation, summer droughts and the sharp increase in the costs of capital for projects all weighed on investors’ and […]

Zero emission vehicles: first ‘Fit for 55′ deal will end the sale of new CO2 emitting cars in Europe by 2035

This article is brought to you in association with the European Commission. The European Commission welcomes the agreement reached last night by the European Parliament and Council ensuring all new cars and vans registered in Europe will be zero-emission by 2035. As an intermediary step towards zero emissions, the new CO2 standards will also require average […]

Germany’s €9 transit ticket cuts 1.8 million tonnes of CO2

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, Public Engagement, World Economic Forum For three months, Germany has been offering ultracheap monthly tickets for all local trains, metros, trams and buses. The scheme was introduced in an effort to encourage the use […]

How local banking can help champion decarbonization in emerging markets

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Milagros Rivas Saiz, Chief of Advisory Services, Interamerican Development Bank Group, Ayla Majid, Founder and Chief Executive Officer, Planetive & Michael Hayes, Global Head, Renewables, KPMG Emerging markets need $1 trillion a year to transition to net-zero.Clean-energy investment […]

Today’s children will emit 10 times less CO2 than their grandparents

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Today’s children will emit 10 times less CO2 than their grandparents, if the world reaches net-zero emissions by 2050, the IEA estimates.In advanced economies with bigger carbon footprints, people born in the […]

Companies are sucking carbon from the atmosphere using ‘direct air capture’. How does it work?

This article is brought to you in association with the European Commission.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Direct air capture involves removing CO2 from the air and storing or reusing it.The world’s first large-scale plant is being built in the United States.Companies such as Microsoft, Shopify and Swiss Re […]

What are low-carbon emitting technologies? An expert explains

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alexander Sauer, Director, Institute for Energy Efficiency in Production (EEP), University of Stuttgart & Abhinav Chugh, Content and Partnerships Lead, Strategic Intelligence, World Economic Forum Access to affordable renewable energy and their deployment are key enablers for decarbonization […]

EU Taxonomy: Commission presents Complementary Climate Delegated Act to accelerate decarbonisation

This article is brought to you in association with the European Commission. The European Commission has today presented a Taxonomy Complementary Climate Delegated Act on climate change mitigation and adaptation covering certain gas and nuclear activities. The College of Commissioners reached a political agreement on the text, which will be formally adopted once translations are available […]

European Green Deal: Commission proposals to remove, recycle and sustainably store carbon

This article is brought to you in association with the European Commission. Today the Commission adopted a Communication on Sustainable Carbon Cycles, setting out how to increase removals of carbon from the atmosphere. To balance out the impacts of our CO2 emissions, the EU will need to drastically reduce its reliance on fossil carbon, upscale carbon […]

A faster, fairer way to retire carbon-emitting assets

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Brad Handler, Senior Fellow, Payne Institute for Public Policy & Morgan Bazilian, Director, Professor of Public Policy, Payne Institute for Public Policy Carbon retirement portfolios are a potential solution to the problem of retiring CO2-emitting assets.They can benefit […]

Innovating for nature: Unlocking carbon markets for people, climate and the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Betty Cremmins, Lead, Engagement, Nature-Based Solutions and 1t.org, World Economic Forum & Gabriela Martinez, Specialist, World Economic Forum & Silje Ditlefsen Zanni, Community Success Lead, Nature-Based Solutions, UpLink, World Economic Forum Natural Climate Solutions are a critical tool […]

A net-zero world needs zero-carbon concrete. Here’s how to do it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anthony Robert Hobley, Co-Executive Director, Mission Possible Partnership and an Executive Fellow, WEF, World Economic Forum & Dinah Mcleod, Chief Executive Officer, Global Cement and Concrete Association Concrete accounts for 7% of global emissions – and it’s the […]

This project is decarbonizing the UK area with the highest industrial CO2 emissions

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: William Gardiner, CEO, Drax The UK has set a target to cut carbon emissions by 78% by 2035 and to reach net zero by 2050;Decarbonizing industrial regions will be critical to achieving this and to reaching global climate […]

Commission and Breakthrough Energy Catalyst announce new partnership to support investments in clean technologies for low-carbon industries

This article is brought to you in association with the European Commission. Commission President Ursula von der Leyen and Bill Gates have today announced a pioneering partnership between the European Commission and Breakthrough Energy Catalyst to boost investments in the critical climate technologies that will enable the net-zero economy. Presented on the occasion of the sixth […]

These are the breakthroughs we need to achieve a net-zero world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anthony Robert Hobley, Co-Executive Director, Mission Possible Partnership and an Executive Fellow, WEF, World Economic Forum & Nigel Topping, High-Level Climate Action Champion, COP26 High Level Climate Champions Most net-zero commitments are due by the 2040s but the […]

How nature can help carbon-intensive companies meet their net-zero commitments

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael B. Jenkins, President and Chief Executive Officer, Forest Trends For hard-to-abate sectors like transport, energy and aviation, tropical forests are a key tool for setting and following through on ambitious net-zero climate commitments.The new LEAF Coalition offers […]

This Finnish town will be carbon neutral by 2025. Here’s how.

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content Lahti in Finland wants to be carbon neutral by 2025 – far sooner than many other towns and cities.Cleaner sources of energy are a major part of its plan.Residents are involved in […]

Electric taxis and urban fleets can speed decarbonisation – Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mónica Vidal, Public Policy and Climate Governance Director, ECODES & Francisco Ferreira, President of the Board, ZERO & Olivier Blond, Director, Respire Electrification of high-mileage vehicles can speed decarbonisation.City-focused public-private dialogues can identify unique cross-sector solutions.Commitments from recent […]

This is how CO2 can be transformed into food for animals

This article is brought to you in association with the European Commission.This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mark McCord, Writer, Formative Content Deep Branch is among companies trying to boost food output without adding to climate-warming greenhouse gas emissions.It uses micro-organisms to convert carbon dioxide into a protein powder that can be used in animal […]

Why private capital is the key to unlocking carbon capture at scale

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Namita Vikas Founder and Managing Partner, AuctusESG & Sourajit Aiyer, Vice President, Sustainable Finance & ESG, AuctusESG Fossil fuels will still account for two-thirds of the global energy mix by 2030.Clean energy strategies must take this into account […]

Carbon levy on EU imports needed to raise global climate ambition

This article is brought to you in association with the European Parliament. To raise global climate ambition and prevent ‘carbon leakage’, the EU must place a carbon price on imports from less climate-ambitious countries, say Environment MEPs. On Friday, the Committee on Environment, Public Health and Food Safety adopted a resolution on a WTO-compatible EU carbon […]

Electric fleets can fuel decarbonisation efforts. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maya Ben Dror, Project Lead, Future of Mobility, Centre for the Fourth Industrial Revolution of the World Economic Forum & Mary Loane, Project Lead, Future of Mobility, World Economic Forum & Saul Lopez, Manager. eMobility, Transport & Environment […]

European Commission issues first emission of EU SURE social bonds

This article is brought to you in association with the European Commission. The European Commission issued a €17 billion inaugural social bond under the EU SURE instrument to help protect jobs and keep people in work. The issuing consisted of two bonds, with €10 billion due for repayment in October 2030 and €7 billion due for […]
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