Under the scheme, firms are given allowances free of charge based on historical emissions, and have to buy additional permits if they exceed their quota. The total amount they need to buy will account for no more than 20% of their allocation.The quota allocations have been determined based on emissions levels from 2013-2019, but the ministry said the collection of relevant data for last year had been disrupted by the COVID-19 pandemic and by funding issues.

EU denies gas plants a green finance tag, offers possible hydrogen loophole

Nov 21, 2020

The landmark EU rules, due to be finalised this year, will force providers of financial products to disclose from the end of 2021 which investments meet climate criteria, and can therefore be marketed as “sustainable”.

Gaining such a label is likely to help companies tap the growing share of investor cash looking to profit from the region’s multi-trillion-euro shift to a net zero emissions economy by 2050.

G20 determined to use all tools to contain pandemic, save jobs, incomes

Nov 21, 2020

“We are determined to continue to use all available policy tools as long as required to safeguard people’s lives, jobs and incomes, support the global economic recovery and enhance the resilence of the financial system, while safeguarding against downside risks,” the statement said.

Airlines need another $80 bn in aid to survive – IATA

Nov 21, 2020

While vaccine breakthroughs offer hope, a return to mass travel remains many months away, airlines say. Some will struggle to make it through the northern hemisphere winter, when profits are thin even in normal times.

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