Cambodia to nominate Trump for Nobel Peace Prize after ceasefire mediation
Cambodia will nominate U.S. President Donald Trump for the Nobel Peace Prize following his role in ending a deadly five-day armed conflict with Thaila...
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
France, Italy and Slovakia have demanded the EU amend its carbon border levy this year to simplify the rules for businesses covered by the scheme, a document seen by Reuters showed.
The European Commission has already proposed changes that would exempt 90% of companies from the carbon border levy, which from 2026 will impose costs on imports of CO2-heavy goods including steel and cement.
The policy is designed to shield European producers against cheaper rivals in countries with less ambitious climate laws, and prevent them shifting investments abroad to countries including the U.S., where the Trump administration is aggressively rolling back regulation.
France and Italy, the European Union's second and third-biggest economies, demanded on Thursday that Brussels goes further in paring back the policy's administrative rules. This could include by letting companies use standardised calculations for the emissions produced by goods, France, Italy and Slovakia said in a joint paper seen by Reuters.
This would ease the reporting burden for companies covered by the rules, they said, echoing broader calls from some governments and businesses for Brussels to cut red tape to help struggling industries regain a competitive edge.
"The complexity of this system can lead to delays and a significant increase in management and operational costs for European companies," the paper said.
EU countries and lawmakers must negotiate and approve the Commission's proposed changes to the carbon border tariff in the coming months - giving them an opportunity to make further changes to the rules.
The three countries said Brussels should also consider giving European exporting companies free CO2 permits, to help them compete in global markets with rivals that do not pay pollution costs.
Through its bloc-wide carbon market, the EU requires manufacturers to pay for each ton of planet-heating CO2 they emit. China and some U.S. states also have carbon markets, but Europe's CO2 price is far higher than that of other major economies.
EU countries' environment ministers will discuss the three countries' proposal at a meeting in Brussels on Thursday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
U.S. President Donald Trump has officially cancelled plans to develop new offshore wind projects in federal waters, reinforcing his administration’s pivot from renewable energy to fossil fuels.
European forests are absorbing significantly less carbon dioxide than a decade ago, putting the European Union’s ambitious climate goals in jeopardy, scientists from the EU’s Joint Research Centre (JRC) warned on Wednesday.
The United Nations' climate bureau have concerns that sky-high accommodation prices for this year's COP30 climate summit in Brazil could price poorer countries out of the negotiations, according to diplomats and a document seen by Reuters.
The Environmental Protection Agency has moved to erase the foundation of America’s climate regulations. On Tuesday, it unveiled a proposal to rescind the “endangerment finding,” the legal opinion that lets it curb greenhouse gas emissions.
They seem distant and frozen in time, but glaciers are melting fast, and the ripple effects are reaching every corner of the world. From rising seas to disrupted weather and water shortages, their disappearance is reshaping our shared future.
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