- Public aid cuts are unlikely to create a serious contagion effect on private climate funding, an expert told an event in London on Thursday, but warned private finance is nevertheless curtailed by other concerns.
- Thu 17:46EU carbon prices came under pressure on Thursday morning amid volatility as the front-month TTF options contract neared expiry, with EUAs falling to their lowest level for over three weeks before regaining ground in the lead-up to midday, as the correlation with gas seemed to reestablish itself.
- Thu 17:34The president of Cyprus has called for delaying or cancelling the bloc's emission trading system for heating and road transport fuels (ETS2), due to start in 2027, raising the stakes at a Brussels summit on Thursday bringing together the 27 EU heads of state and governments.
- Thu 17:07The European Union should move swiftly to integrate permanent carbon removals (CDRs) into its flagship Emissions Trading System (EU ETS), a think tank has recommended – but only in a phased, tightly governed approach to ensure environmental integrity and market stability.
- Don't believe the hype – Carbon removal technologies like direct air capture (DAC) are being oversold despite limited scalability and climate impact, potentially undermining urgent decarbonisation efforts, according to climate scientist James Kerry. Writing in Swissinfo, he argued that DAC has sequestered just 10,000 tonnes of CO2 to date – equal to nine seconds of annual global emissions – and warned that industry hype risks deterring emissions cuts. The ties between DAC developers and fossil fuel firms risk distorting climate policy priorities, Kerry also said.
- Untapped opportunity - There is an 'enormous, untapped' opportunity in carbon credits, said Standard Chartered CEO Bill Winters, speaking to Bloomberg. Financial markets are underestimating the business case for such credits, given companies' rising need to offset their CO2 footprints, he said. The bank has previously backed carbon market development - including helping to create the Taskforce on Scaling Voluntary Carbon Markets back in 2020.
- Thu 15:57Where will the ££ go? - The UK's new state-owned energy company Great British Energy will spend £1 bln on grants, CEO Dan McGrail told Bloomberg on Thursday. The money accounts for about 17% of the £5.8 bln allocated by the government to get the firm moving on its mission to help the UK reach climate goals and bring down energy bills. GB Energy has already said it will spend hundreds of millions of grants on rooftop solar and offshore wind, and McGrail also mentioned interest in other tech including floating offshore wind, long-duration energy storage, and carbon capture and storage. GB Energy was established to own and run clean energy assets and is set to publish a long-term strategy this autumn.
- Building transparent supply chains that support smaller suppliers and improve access to usable emissions data will be critical to driving real-economy decarbonisation, speakers said at a panel in London on Wednesday.
- Battery financing - Swedish battery supplier Echandia has raised additional finance from S2G Investments, bringing its latest funding round to SEK 325 mln ($34 mln). Echandia plans to use the capital to expand production capacity of its battery systems for maritime applications, support its new facility in Washington State, and further its research into battery performance and durability. It has seen increased demand for its lithium titanate oxide battery systems designed for heavy-duty marine environments amid stricter global emissions regulations. (Arctic Startup)
- A new durable carbon removal (CDR) methodology plans to credit transforming sunlight into stone, it was announced at London Climate Week.
- Thu 15:16Risky cable - The UK government said it would no longer consider supporting the £24-bln project to bring renewable energy from Morocco via undersea cables, according to a letter from developer Xlinks that expressed its surprise and disappointment in the decision. Developer Xlinks had wanted the government to provide a contract for difference to ensure a fixed price on the power brought to the UK. Such backing would have helped reach financial investment decision on the project intended to provide power enough for 7 mln British homes. The project would have helped stabilise British power supply, reduced power sector CO2 emissions by c.10% in its first year, and cut wholesale electricity prices by over 9% in its first year, Xlinks said in the letter. Companies including TotalEnergies and Octopus Energy had already backed the venture.
- Thu 14:58The Science Based Target initiative (SBTi) is on course to permit the extended use of "high-integrity" carbon credits as part of an updated version of its Corporate Net-Zero Standard, with a new proposed update due to be presented in a matter of months, confirmed the organisation's CEO David Kennedy, during an event in London on Thursday.
- European supermarkets could face rising compliance costs and miss emissions targets unless they accelerate the phaseout of hydrofluorocarbon (HFC) refrigerants, which account for the bulk of their operational CO2 emissions, a UK-based non-profit said in a report on Tuesday.
- Thu 14:09The Global Reporting Initiative (GRI) has released two newly revised standards on climate and energy that companies can use to disclose on topics including emissions reductions, greenhouse gas removals, and carbon credits.
- Thu 13:47A UK initiative seeking to ramp up corporate action on biodiversity is taking steps to integrate nature credits into its strategy, as it sees great potential for the market to unlock private financing across the country, its co-founder told Carbon Pulse.
- Thu 13:05Article 6, intended to enhance climate ambition through international cooperation via carbon credit trading, is at risk of becoming a loophole that enables countries to delay domestic mitigation instead of increasing it, according to a new report from a non-profit.
- The UK should strengthen its lobbying rules in parallel with requiring financial firms and companies to disclose climate transition plans – as heavy advocacy preceded recent rollbacks on decarbonisation policies, an NGO said in a report published Thursday.
- Thu 12:09A climate fund has selected the winners of a carbon removal (CDR) financing competition after whittling down huge field of 280 applications to just 18 successful startups.
- Thu 12:07France is pressing for a separation between the EU’s upcoming 2040 climate target and its 2035 Nationally Determined Contribution (NDC) to the Paris Agreement, in a move that critics say risks lowering the bloc’s climate ambitions.
- Thu 10:54Renewables roll-out – The German government has adopted new legislation to speed up the approval of renewable energy projects. The draft law shortens, simplifies, and from Nov. 21, 2025 digitalises approval procedures – while maintaining appropriate assessment of environmental concerns, said the German environment and climate ministry. It introduces a one-stop-shop approach for approvals, and deadlines to complete approval procedures from one month to two years, depending on the type of project. The law transposes the EU’s latest renewable energy directive (REDIII), agreed in 2023, into national law. It is due to be passed by the German Parliament after the summer recess. REDIII sets a goal for at least 42.5% renewables in gross final energy consumption in the EU in 2030. Germany aims to source 80% of its electricity from renewables by then.
- Thu 10:32Car CO2 – The average CO2 emissions of Belgium’s company car fleet have dropped by a third, to 66.57 g/km from 100.3 g/km, since tax rules were changed two years ago to encourage electric vehicles. Ten years ago, emissions were 121.24 g/km. The emissions cuts are due mainly to the rise of hybrid and electric vehicles. Almost 30% of Belgian company cars are now electric and almost a quarter hybrid, reported HR expert Acerta Consult. It analysed 6,700 employers responsible for over 50,000 company cars. As emissions have come down, the average value of the cars has gone up, with the average car worth €45,000 today vs 31,000 ten years ago. (Fleet.be)
- Thu 10:24Norway has outlined a target to reduce greenhouse gas emissions by at least 70-75% by 2035 compared to 1990 levels in its latest Nationally Determined Contribution (NDC) to the Paris Agreement, also hinting at potential Article 6 use.
- Thu 10:00A range of new carbon pricing and border leakage systems being introduced around the world could create trade frictions and raise compliance costs for businesses if they are not efficiently linked together, according to a report from a trade body.
- Thu 09:03Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
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