Colorado oil and gas, climate deal includes fees, abandoned bills

Leading Colorado Democrats and the state’s oil and gas industry announced a preemptive armistice Monday — one that seeks to defuse the latest round of dueling ballot initiatives and legislation aimed at the industry and its environmental impacts. The proposals, described to reporters by Gov. Jared Polis and legislative leadership, include imposing a new per-barrel … Read more

Scottish government abandons flagship climate goal – POLITICO

McAllan said: “In this challenging context of cuts and U.K. backtracking [on green policies], we accept the CCC’s recent rearticulation that this parliament’s interim 2030 target is out of reach.” The Scottish government will also scrap its annual emissions reduction targets, which ministers have missed eight times in the last 12 years. They will be … Read more

Why we must de-risk and embrace regenerative farming

Over the past few years, the EU has been at the forefront of the fight against climate change and pushing for sustainability across all its policies. As president of the European Commission, Ursula von der Leyen set the tone by presenting in her political guidelines for 2019-2024 the main pillar of the EU’s work during … Read more

EU ‘very far’ from target to plant 3B trees, Commission admits – POLITICO

According to an online tool set up by the Commission, only 14.9 million trees have been planted so far. Belgium tops the list with more than 5 million, followed by the Czech Republic with roughly 3 million and France with just over 2 million trees planted. To meet the target, the EU would have needed … Read more

Building Europe’s Green Transition and Retirement Security  – Listed Real Estate’s Dual Role in Global Megatrends – POLITICO

As we enter 2024, the world continues to confront financial and environmental challenges on a global and societal scale. Globally, efforts to meet the Paris Agreement’s objectives are falling behind, with the green transition’s investment levels not meeting the necessary targets. This was highlighted by the World Bank’s Senior Managing Director, at the recent EU … Read more

As Meloni embraces Africa, Europe holds its breath – POLITICO

Heavy lifting ahead For her plan to work and to attract the necessary firepower, expertise and resources, Meloni needs buy-in from the EU. European Commission President Ursula Von der Leyen, who could find herself in need of Meloni’s support after the June EU election to secure a second term, has confirmed she will attend the … Read more

EU conservatives are fueling far right with Green Deal crusade, Spain’s deputy PM warns – POLITICO

“My impression is that the reason why we see this behavior is because they fear getting trapped and overcome by the far right,” Ribera said.  Speaking in the Spanish delegation offices at the European Council building in Brussels, she accused the EPP of a “populist style, connected to what Trump may represent” and said the … Read more

New oil and gas law risks UK’s green cred, says former climate chief – POLITICO

LONDON — A new law to introduce annual licensing rounds for North Sea oil and gas exploration is a “distraction” that risks undermining the U.K.’s green “credibility” on the world stage, the country’s former top climate diplomat has warned. MPs will vote on the government’s Offshore Petroleum Licensing Bill for the first time on Monday. But … Read more

Germany and EU face a new trilemma – POLITICO

Miguel Otero-Iglesias a senior analyst at the Elcano Royal Institute in Madrid. Faced with a choice between successfully completing the green transition, effectively achieving economic security and aiming for fiscal discipline, the European Union is confronted with a new trilemma — and it cannot accomplish all three. But while Germany — with its debt brake, … Read more

UK Implements New Carbon Pricing Mechanism to Equalise Imports and Local Production

The United Kingdom is set to introduce a pioneering import carbon pricing mechanism by 2027, aimed at bolstering the nation’s drive toward decarbonisation. According to a recent release by the UK government, this initiative will enforce a comparable carbon price on imports of crucial goods such as iron, steel, aluminium, ceramics and cement originating from … Read more