EU sets industry support for carbon market overhaul<\/p>\n
The European Union is planning an EU carbon market overhaul to strengthen its climate policies<\/b> and help meet the bloc\u2019s 2040 emissions targets<\/b>. As part of the redesign, the Commission is exploring ways to support industries and prevent \u201ccarbon leakage,\u201d where companies relocate <\/b>to countries with lower environmental standards. Options under consideration include continuing free carbon permits<\/b> or other incentives to ensure businesses remain competitive while transitioning to greener operations. The overhaul aims to drive investment and innovation in clean technologies, ensuring that Europe reduces emissions cost-efficiently without harming its industrial base.<\/p>\n
***<\/p>\n
Further reading: EU weighing options to support industry in carbon market overhaul<\/a><\/p>\n Storm Kristin leaves Portugal facing \u20ac4.7 billion in damage Portugal faces over \u20ac4.7 billion<\/b> in direct costs from Storm Kristin<\/b>, with indirect losses likely higher. The storm, hitting on January 31<\/b>, brought winds over<\/b> 200 km\/h<\/b>, heavy rain, and extensive damage to homes, factories, and infrastructure, killing <\/b>at least six people<\/b>. Leiria <\/b>and Marinha Grande<\/b>, major industrial hubs, were hardest hit. To prevent layoffs, a government-supported scheme guarantees workers\u2019 net wages<\/b>, with Social Security covering 80%<\/b> and firms 20%<\/b>. Authorities approved a \u20ac2.5 billion loan<\/b> and incentive package for rebuilding, while some companies plan to construct entirely new factories due to irreparable damage.<\/p>\n *** Featured ESG Tool of the Week:<\/strong> Greenpeace <\/b>staged a protest in Milan against Eni<\/b>, a fossil-fuel sponsor of the 2026 Winter Olympics.<\/b> Activists installed a display depicting Olympic rings dripping oil to highlight global warming threats<\/b> to winter sports. Greenpeace has filed a climate-change lawsuit against Eni<\/b>, urging organizers to cut ties with the company. Eni stated its commitment to the energy transition and net-zero emissions by 2050. The protest coincided with the Olympic torch\u2019s arrival in Milan, which travels across Italy ahead of the Games from February 6\u201322<\/b>. The demonstration emphasizes growing scrutiny of fossil-fuel sponsorship in global sporting events.<\/p>\n ***<\/p>\n Further reading: Greenpeace stages protest in Milan as torch arrives in the city<\/a><\/p>\n Related Articles<\/strong><\/p>\n Here is a list of articles selected by our Editorial Board that have gained significant interest from the public:<\/p>\n Indonesia to require 10% bioethanol in gasoline by 2028 Indonesia plans to raise the mandatory bioethanol<\/b> content in gasoline to 10% by 2028<\/b>, aiming to reduce fuel imports and increase energy self-sufficiency. Supply constraints delayed the 2027 target, and the 2025 goal of 5% bioethanol<\/b> content was unmet<\/b>. The government will expand infrastructure, improve gasoline quality, and diversify feedstocks, including palm oil and sugarcane<\/b>. By 2028, bioethanol production is expected to reach 0.8 million kilolitres<\/b>, supporting nearly 40 million kilolitres<\/b> of national gasoline demand. The policy aligns with Indonesia\u2019s energy transition, promoting renewable fuels and decreasing dependence on fossil fuels.<\/p>\n ***<\/p>\n Further reading: Indonesia to raise mandatory share of bioethanol in gasoline to 10% by 2028, official says<\/a><\/p>\n Editor\u2019s Note:<\/b> The opinions expressed here by the authors are their own, not those of impakter.com \u2014 In the Cover Photo: <\/b>Exterior of the European Commission headquarters in Brussels, Belgium, with EU flags fluttering, representing the EU carbon market overhaul. Cover Photo Credit<\/b>: Wikimedia Commons<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Today\u2019s ESG Updates EU Considers Industry Support in Carbon Market Overhaul: The European Commission is exploring options to…\n","protected":false},"author":2,"featured_media":744337,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[2813,2000,299,5187,66274,8262,3046,16744],"class_list":["post-744336","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-carbon","tag-eu","tag-europe","tag-european","tag-greenpeace","tag-indonesia","tag-portugal","tag-storm"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116018912116845358","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/744336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=744336"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/744336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/744337"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=744336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=744336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=744336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n![\"\"](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/Damaged_buildings_in_Mashtorf-300x210.jpg\")
Storm Kristin caused widespread damage across Portugal, with reconstruction costs estimated at over $4.7 billion.\u00a0 Photo Credit: Wikimedia Commons<\/a><\/p>\n
Further reading: Portugal says direct costs of Storm Kristin exceed $4.7 billion<\/a><\/p>\n
\nKlimado<\/a> \u2013 Navigating climate complexity just got easier. Klimado offers a user-friendly platform for tracking local and global environmental shifts, making it an essential tool for climate-aware individuals and organizations.
\nGreenpeace protests Eni at Milan olympic torch event
\n![\"\"](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/A_call_to_action-300x200.jpg\")
Greenpeace protests Eni\u2019s fossil fuel sponsorship at the 2026 Winter Olympics, highlighting climate risks to winter sports. Photo Credit: Wikimedia Commons<\/a><\/p>\n
\n![\"\"](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/A_gas_pump_at_a_Thorntons-300x199.jpg\")
Indonesia plans to increase the mandatory bioethanol content in gasoline to 10% by 2028 to boost energy self-sufficiency. Photo Credit: Wikimedia Commons<\/a><\/p>\n