ContourGlobal, a power generator, has announced today that it has abandoned its plans to construct a 500-megawatt coal-fired power plant in Kosovo. It’s the third such project in the region to be canceled in the last six months.
The European Commission launched its Circular Economy Action Plan today. Instead of silos, circular economy and industrial decarbonisation should be treated as two sides of the same coin: helping Europe’s industry sector achieve climate neutrality.
The European Commission has unveiled its new EU industrial strategy. Given the significant climate impacts coming from industry, the Commission missed the chance to land the Green Deal in the strategy and ensure deep reductions in industrial emissions, a key step to achieve climate neutrality.
EU ministers called on the European Commission to accelerate the proposal of a new EU target to cut emissions by 2030, at an environment council taking place today. Achieving net-zero emissions by mid-century means the EU needs to substantially ramp up its emissions reduction for 2030 in line with the international deadline, COP 26 in November this year.
Today's leak of the European Climate Law shows the Commission's intention to set higher climate targets and subject them to a five-year review mechanism, but fails to commit to speed up the proposal to increase the EU’s 2030 climate target. The timely and substantial enhancement of the 2030 target is however key if the EU is to lead by example before this year’s crucial climate conference.
Montenegro has introduced own cap and trade system for its major CO2 emitters (1), thereby signaling the beginning of the end to free emissions in countries of the Western Balkans - region that’s home to some of Europe’s most polluting coal-fired power plants (2). Nevertheless, to succeed, the Montenegrin scheme will need a tighter cap.
The North Macedonian government has approved a national energy strategy  that makes it the first country in the Western Balkans to consider a coal phase-out before 2030.
EU leaders hold today a special European Council meeting where they will discuss and maybe agree on the size and structure of the EU budget for the period 2021-2027. Regardless of the size, current proposals for the EU budget of the next decade fall short of ambitious climate action.
Yesterday evening the Polish utility companies Energa SA (Energa) and Enea S.A. (Enea) behind the project to build what has been called Poland’s “last (new) coal-fired power plant”, the 1GW Ostroleka C, decided to suspend financing of the project in recognition of changes that have all but evaporated its feasibility through the shedding of coal and coal finance from European Union’s future of climate neutrality and renewable energy (1).