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CBAM is expanding: carbon border tax will affect another 180 products
The European Parliament Committee on the Environment (ENVI) on July 7 supported the expansion of the Carbon Border Adjustment Mechanism (CBAM) to include 180 downstream products and also added new …
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ECB has started taking climate risk into account when valuing collateral. A company's carbon footprint now influences how much banks...
On June 15, 2026, the ECB introduced so‑called climate factors into its collateral framework. This is a step that has had no equivalent in central banking until now....
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The number of butterflies on European meadows has decreased by half over thirty years. And from this year it is a legally binding indicator.
The European Environment Agency updated the meadow butterfly index. Between 1991 and 2023 the abundance of 17 typical species in the EU fell by 50 %. Not a single one …
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SBTi V2.0: what it means for manufacturers and their suppliers
SBTi (Science Based Targets initiative) is an international initiative that verifies companies' climate targets. The aim is that the commitment “we will be carbon neutral” is not a marketing gesture, …
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The EU Council has agreed to expand CBAM to additional industrial products.
CBAM will expand to downstream products — not only basic materials (steel, aluminium, cement, electricity), but also goods with a high share of these materials. The Commission originally proposed adding …
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EBA includes climate risks in EU-wide bank stress tests for the first time.
The draft methodology for the 2027 stress tests introduces a new climate module that assesses the impacts of both transition and physical risks on bank portfolios....
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The European pulp and paper industry calls for freezing EU ETS benchmarks
The Commission proposes updating benchmark values for the allocation of free emission allowances. For pulp and paper, this means a reduction of up to 50%....
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The Omnibus reduced the number of non‑European companies under CSRD by 88% to approximately 1,200
EFRAG published new impact estimates of the Omnibus package on non‑EU companies:...
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Italy: €23 bn support for renewable energy
The European Commission yesterday approved the Italian state‑support program of €23 bn for the development of renewable energy — wind farms, solar power plants, hydroelectric plants and biogas from wastewater....
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The financial sector now has a common "manual" for the path to net zero.
ISO introduced the ISO 32212 standard – Net zero transition planning for financial institutions. For the first time there is a global, unified framework for how banks, insurers and investors …
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CBAM and Kazakhstan: carbon tax as a risk for steel and aluminium exporters
The International Trade Centre (ITC) presented a report in Astana on the impacts of the EU CBAM on the Kazakh industry. The figures are a warning – not only for …
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CO₂ removal from the atmosphere must grow faster than solar energy
The third edition of the State of Carbon Dioxide Removal report (Oxford University, June 2026, www.stateofcdr.org) offers a sober reading: even with rapid emission reductions, CO₂ removal from the atmosphere …
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