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A coalition of conservative and right-wing EU lawmakers has urged the European Commission to relax its stringent low-carbon hydrogen production criteria.

The European Union has proposed a binding 90% net greenhouse gas emissions reduction target by 2040, a critical step towards its 2050 climate neutrality goal.

Major oil and gas companies are expressing significant doubts about the European Union's ability to achieve its 2030 carbon capture and storage target of 50 megatonnes annually.

The EU's 2040 climate targets, aiming for a 90% emissions reduction, are reshaping global markets and creating investment opportunities in high-quality carbon credits and clean technologies.

The European Commission has approved Italy's 'Energy Release 2.0' scheme, providing electricity at a fixed price of €65/MWh to power-intensive industries.