Frédéric Simon

🚩The Commission's long-term EU budget proposal, released yesterday, plans to set aside 30% of ETS revenues to fund "own resources" i.e.: money that goes straight in the EU budget Today, the vast majority (~76%) currently flows directly to EU member states. Will they agree?

BREAKING: Article 6 credits kept out of EU ETS as Brussels puts forward 90% climate target for 2040 carbon-pulse.com/413791/

BREAKING: EU Commission announces withdrawal of Green Claims Directive. By @RebeccaGualandi. carbon-pulse.com/410022/

EU Commission expected to put forward 2040 climate target proposal ahead of a meeting of EU27 environment ministers on June 17, EU sources said on Friday. * 90% target confirmed * "Flexibilities" all on the table, including Article 6 credits More: carbon-pulse.com/401124/

🚨Global shipping strikes historic deal on ambitious carbon pricing system Deal at IMO today for two-tier tax * 63 in favour: EU, China, India, Japan, Brazil * 16 against: Saudi A., UAE, Russia, Venezuela * 25 abstained: Pacific states, Argentina 👉carbon-pulse.com/387008/

German coalition deal paves way for EU’s 2040 climate target plan * Support for 90% target at EU level * 3% points max for Article 6 credits * High quality permanent CO2 removals included 👉 carbon-pulse.com/386319/

Decision on Europe’s 2035 NDC unlikely before July: EU presidency * Talks ongoing but "no big progress,” says Polish state sec. Krzysztof Bolesta * No agenda points foreseen under EU Polish presidency due to stalemate on 2040 target * Options open 👉 carbon-pulse.com/385706/

EU carbon market won’t survive if it causes factory closures, industrialists warn "At one point, we might see U-turns in political decisions, with some countries or EP ... deciding to scrap the ETS completely,” said Pascal Siegwart from TotalEnergies 👉 carbon-pulse.com/384596/

Still no sign of the legislative proposal on the EU 2040 #climate target in the latest indicative agenda of the @EU_Commission

EU’s 2040 target still due by end of March, followed by NDC in Q2 The EU Commission denied that its 2040 target plan could be delayed into Q2, rectifying statements from its Vice President Teresa Ribera who suggested the opposite in a recent interview 👉 carbon-pulse.com/380741/

'We have to urgently rearm Europe,' EU's von der Leyen says #block-67c4899a8f081ffa02a94675" target="_blank" rel="nofollow noopener">theguardian.com/world/live/202…

« L’UE a été conçue pour emmerder les Etats-Unis. C’était l’objectif et ils y sont parvenus. Mais désormais je suis le président », a lancé M. Trump. lemonde.fr/international/…

‘For the first time in 40 years, emissions are going down because we’re shutting factories’: EU chemicals industry sounds alarm carbon-pulse.com/372202/

⚠️The European Commission's Clean Industrial Deal initiative, due on Wednesday, lacks “game-changing” measures to reduce energy prices, such as a reform of the marginal pricing system for electricity, say EU steelmakers and trade unions. 👉carbon-pulse.com/371862/

UPDATE – LEAK: Brussels set to postpone CBAM fees and trim reporting rules By @EmiBarbiroglio carbon-pulse.com/371689/

LEAK: Clean Industrial Deal looks to support energy-intensives in decarbonisation By @RebeccaGualandi carbon-pulse.com/370121/

‼️On Friday, @Contexte publised a draft of the new state aid framework aiming at simplifing the access to state aid. At least for certain sectors that “contribute to the objectives defined in the Clean Industry Deal” : renewables, green H2 and even CCSU. . . NOT nuclear. 1/12

✅ EU’s 2040 climate target plan back on the agenda for Q1 After facing an extended delay until the summer due to political headwinds, the Commission's proposal for a 2040 climate target is finally back on the agenda for publication in Q1 More: 👉 carbon-pulse.com/368221/

EU centre-right divide deepens amid “violent” talks on ETS2 and CBAM @EPP also heavily divided on EU's upcoming 2040 climate target, report @EmiBarbiroglio and @RebeccaGualandi. More:👉 carbon-pulse.com/362687/

Full EPP statement: epp.eu/files/uploads/… And my story for Carbon Pulse (€): carbon-pulse.com/360357/ 6/6

So the EPP statement should be seen as an attempt to raise political pressure on von der Leyen as she prepares her "omnibus" proposal for Feb.26. My take: little to no chance of happening. 5/6

Europe's largest political party, the @EPP, is pushing for a two-year suspension of several EU Green Deal laws, which it says "are proving to be excessive and burdensome" on EU businesses. But will it get its way? Quick thread🧵: 1/6