Climate change policy

China's carbon emissions are likely to fall in 2024 because record growth in renewable energy capacity is now sufficient to cover growing demand, a new analysis finds.

China is the world's largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target than its current 2060 goal.

The rapid development of renewable energy sources and the strong interest in energy transition projects are driving the Greek electrical system to its limits, technically and economically, at surprising speed.

Also, it is warned that in this decade, carbon dioxide pollution must be reduced by almost 50 percent in order to achieve the set world goals, which are the limitation of global warming and the avoidance of a catastrophic impact on the climate.

Shipping passengers must have noticed this summer that the vessels they are traveling on are getting old. Even though maintenance is good, the fact remains that the average age of Greece's passenger shipping fleet is 31, with many vessels having topped 40.

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.

This was stated by Simon Lewis, Professor of Global Change Science at University College London.
"This is just the beginning. This is what the climate system can do with just 1.2 degrees Celsius of warming. Current global policies are putting us at 2.7 degrees Celsius by 2100. That's really scary," Lewis warned, reports Sky News.

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.

Averof Neophytou, a former presidential candidate in Cyprus, told the Electricity Market Association general assembly on Thursday that the energy sector needs significant investments and, therefore, long-term planning and the formulation of a national energy policy.

Some $450 million in financing will be provided to small and medium-sized enterprises (SMEs) and industrial firms under the Türkiye Green Industry Project, Industry and Technology Minister Fatih Kacır has said.

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.