Carbon neutrality

The European Union's major trading partners, including Türkiye, will be impacted by the bloc's carbon tax, experts have said.

The competition will intensify for the nations which are slow in preparations to comply with the carbon tax regulations, such as Türkiye, China, India, the U.S., the U.K. and Canada, they warned.

The participation of Cyprus in the ambitious climate target set by the European Commission for a reduction of at least 55% in greenhouse gas emissions by 2030, based on the new package of European legislation Fit for 55, includes further emissions reductions in all sectors.

Henkel's Adhesive Technologies plant in İstanbul's Tuzla district, has achieved carbon neutrality, marking a significant milestone in the company's ambitions to become climate positive across its global operations by 2030.

Carbon dioxide emissions from energy use in the European Union fell by 2.8 percent last year, thanks to reduced use of natural gas following Russia's invasion of Ukraine, Eurostat has reported. 

The European Union's statistical agency said in a report that CO2 emissions from the 27 EU nations was almost 2.4 billion tonnes last year.

European Union countries gave final approval on Tuesday to a key law to end sales of new cars emitting carbon dioxide emissions in 2035, after Germany won an exemption for cars running on e-fuels, Reuters reported.

Germany and the European Union announced on March 25 that they have reached an agreement in their dispute over the future of cars with combustion engines, allowing the registration of new vehicles with such engines even after 2035 provided they use climate-neutral fuel only.

Humanity still has a chance, close to the last, to prevent the worst of climate change's future harms, a top United Nations panel of scientists have said.

Denmark inaugurated yesterday a project to store carbon dioxide 1,800 meters beneath the North Sea, the first country in the world to bury CO2 imported from abroad.

The CO2 graveyard, where the carbon is injected to prevent further warming of the atmosphere, is on the site of an old oil field.

The National Energy and Climate Plan anticipates investments in the greening of the electricity, transportation and building sectors totaling roughly 200 billion euros by 2030, creating 38,000 job positions.

China has stepped up spending on coal in the face of extreme weather, a domestic energy crunch and rising global fuel prices - raising concerns Beijing's policies may hinder the fight against climate change.