#CARBON

Methane is the second-biggest cause of climate change after carbon dioxide.

The project will cost around EUR 20 billion and extend over 9,700 kms.

Germany’s Federal Environment Agency (UBA) confirmed preliminary projections that Europe’s biggest economy’s greenhouse emissions fell by around 10% year-on-year in 2023, putting the country on track to meet its 2030 climate targets.

Germany will change its laws to allow carbon capture and storage technology in certain CO2-intensive industrial sectors as Europe’s biggest economy aims to become carbon neutral by 2045, Economy Minister Robert Habeck announced on Monday.

A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to significant reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday.

Britain has said it would implement a new import carbon pricing mechanism by 2027, with goods imported from countries with a lower or no carbon price having to pay a levy as part of decarbonization efforts.