DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Moushumi Basu"


4 mentions found


☆ German economy ministry plans subsidies for climate-friendly production -document
  + stars: | 2022-11-30 | by ( Moushumi Basu | ) www.reuters.com   time to read: +1 min
BERLIN, Nov 30 (Reuters) - German Economy Minister Robert Habeck plans to award companies in energy-intensive industries like chemicals and steel 15-year subsidy contracts if they reduce carbon emissions in their production, a document seen by Reuters on Wednesday showed. According to the document, which still needs to be discussed with other ministries, companies which demonstrate that they are reducing emissions in their production process will qualify for upfront investment and annual funding. With the price of conventional production rising due to increasingly expensive carbon pollution payments, the state will be able to be reimbursed by companies if their carbon costs rise higher than the initially more expensive carbon-free production methods. "Climate protection contracts therefore not only lead to a reduction in emissions from the subsidized industry," Habeck's document read. "They also provide an incentive for the technologies and infrastructure required for this to be developed and implemented in Germany now."
☆ EU strikes deal to make ships pay for their carbon emissions
  + stars: | 2022-11-30 | by ( Kate Abnett | Moushumi Basu | ) www.reuters.com   time to read: +2 min
The shipping sector has so far escaped the EU carbon market, which requires factories and power plants to buy permits when they emit carbon dioxide, providing a financial incentive to emit less. That is set to change from 2024, when shipping companies will have to buy EU carbon permits to cover 40% of their emissions, rising to 70% in 2025 and 100% in 2026. The deal, agreed late on Tuesday by lawmakers and negotiators from the 27-country bloc, would add to the carbon market all carbon dioxide, methane and nitrogen dioxide emissions from maritime voyages within the EU. Negotiators also agreed to dedicate revenues from the sale of 20 million EU carbon permits to fund maritime emissions-cutting projects. EU negotiators will attempt to agree the rest of the carbon market upgrade by Dec. 17, and then formally rubber-stamp the law.
☆ EU takes 'first step' to certify removing CO2 from atmosphere
  + stars: | 2022-11-30 | by ( Kate Abnett | Moushumi Basu | ) www.reuters.com   time to read: +3 min
The European Commission proposal, if approved by EU countries and lawmakers, would lay the groundwork for a government-approved certificate for carbon removals. Removals include carbon held in soils and forests, or CO2 sucked out of the air by technologies and stored underground or in construction materials. The EU proposal said existing certification schemes will be able to win EU approval if they meet certain criteria, including by addressing the risk that the CO2 could be released back into the atmosphere and having transparent rules on how long the CO2 will be stored. The U.N. climate science panel has said scaling up CO2 removals is "unavoidable" if the world is to limit global warming to 1.5C. Wijnand Stoefs, carbon removals lead at campaign group Carbon Market Watch, said the EU proposal was a "necessary first step" but left many questions unanswered - including how certified removals will eventually be integrated into governments' climate targets.
☆ Island nation Vanuatu sends climate resolution to UN for court opinion
  + stars: | 2022-11-30 | by ( Valerie Volcovici | Moushumi Basu | ) www.reuters.com   time to read: +2 min
WASHINGTON, Nov 30 (Reuters) - The island nation Vanuatu and 17 other countries on Wednesday published a draft resolution asking the world's top court to clarify what responsibilities governments around the world have to protect future generations from climate change. ICJ advisory proceedings involve a series of hearings, which give a platform to all countries to provide evidence. An advisory opinion would not request compensation or reparations, the Vanuatu government said. A vote at the U.N. General Assembly to request the ICJ advisory opinion would only require a majority to proceed. An opinion by the ICJ could bring about greater climate action, campaigners said.
0 next >>
Total: 4