Certain European stocks, such as in the cement and utilities sectors, have sunk due to possible political intervention in the EU Emissions Trading System (ETS) that would aim to ease benchmark prices, while others, notably chemicals, have charted gains amid expectations that reduced permit costs will boost their bottom line.

Jet set – Aviation fuel supplier Air bp has signed a multi-year agreement to supply conventional jet fuel and sustainable aviation fuel (SAF) to Airbus across Germany and Spain, the companies announced this week. The contract covers fuel supply and into-plane services for Airbus’ commercial, helicopter, and military divisions, including flight testing, aircraft deliveries, Beluga fleet transport, and daily employee shuttle operations between Toulouse and Hamburg. According to press materials, the deal marks one of the largest voluntary SAF offtakes by an original equipment manufacturer.

CCS call – The Global CCS Institute has invited organisations to submit commercially available or advanced-stage carbon capture and storage (CCS) technologies for inclusion in its annual publication, the 2026 Technology Compendium. The compendium highlights solutions for stakeholders seeking market-ready options, and interested parties must complete an expression of interest form by Mar. 31, 2026 to be considered, the institute said.

Waste case - Eni and Q8 Italy's planned biorefinery in Priolo, Sicily, will cut GHG emissions by at least 65% compared to conventional fossil fuels, Biofuels International reported. The joint investment will convert the existing Versalis industrial site into a facility processing 500,000 tonnes annually of waste, residues, and vegetable oils into HVO and SAF. Engineering work is complete and preparatory construction activities are underway, with final authorisations and contracts expected by the end of 2028. The project uses Eni's Ecofining technology and supports the Italian energy company's target to reach 5 mln tonnes per year of biorefining capacity by 2030.

Aligning remaining carbon budgets with national GHG inventory accounting would halve the global CO2 budget for limiting warming to 1.5C and leave many countries beyond their fair shares, a new study said.

EU allowance prices posted their largest weekly loss in two years, as traders continued to cut carbon positions, assessing the various comments made by EU leaders on Thursday, with many participants noting that the political interventions did not add to a sense of certainty around either the near-term or longer-term prospects for the ETS; UKAs recorded their largest weekly fall since late 2022.

The European Parliament’s lead negotiator on proposed changes to the market supply mechanism of the Emissions Trading System for buildings and transport (ETS2) wants to activate the price control mechanism earlier than planned and introduce safeguards to curb social impacts.

Italian biorefinery – Eni and Q8 Italy will jointly develop a new biorefinery at Eni’s Versalis site in Priolo, Sicily, converting the existing facility into an advanced biofuels plant with 500,000 tonnes/year capacity, the two companies have announced. The plant will use Eni’s Ecofining technology to process waste, residues and vegetable oils into hydrotreated vegetable oil and sustainable aviation fuel for road, marine and aviation customers, cutting lifecycle emissions by at least 65% versus fossil fuels in line with EU climate goals. Early construction works have started, and final permits and contracts are due by end-2028, supporting Eni’s 2030 target of 5 Mt/year biorefining capacity.

The EU's carbon border fee may trigger greater inflationary effects than anticipated, with pressures already evident in the fertiliser sector, according to a think tank.

Expanding carbon capture and storage (CCS) in Europe relies on closing the cost gap between current projects and the EU carbon price, and ensuring CO2 infrastructure gets built through targeted government support, new analysis has found.

The European Commission has given the green light to Denmark's €1.04 billion state aid scheme supporting landowners rewild their agricultural land to reduce emissions, it said on Friday. 

Flight warning - Air France-KLM has warned it will have to cut almost half its flights to Asia if the EU doesn't scale back its requirements for airlines to use rising amounts of sustainable aviation fuel (SAF). European airlines have already ceded market share on Asian routes to non-EU carriers that split journeys to Asia via their central hubs in the Middle East, and so can avoid a large chunk of the higher costs SAF costs. EU airline executives are therefore calling on the Commission to introduce a SAF Border Adjustment Mechanism, which would require non-EU airlines to buy certificates equal to the value of the SAF used by EU airlines. EU airlines are also facing a possible extension of the EU ETS to departure flights from European airports, pending a review later this year. (FT)

Public awareness of carbon dioxide removal (CDR) is climbing sharply, but a knowledge gap is creating conditions for misinformation to spread and harden opposition before the industry can shape its own narrative, according to new research.

Carbon removal (CDR) buyers in 2025 sought hands-on portfolio support, delivery guarantees, high-quality durable credits, and flexible contract terms, a carbon removal solutions provider said in its annual market review.

An Edinburgh-based company closed an investment and grant funding round this week, securing $3 million for expanding its carbon removal operations.

The European Commission has retooled its Industrial Accelerator Act (IAA) ahead of publication on Feb. 25, expanding ‘Made in EU’ requirements into more clean tech products, while limiting requirements for low-carbon products to public spending only, according to a leaked draft.

The UK should drop its plan to largely decarbonise the electricity grid by 2030 and instead prioritise cheaper power by that date, according to a think tank.

Italy is preparing to suspend EU carbon market (ETS) compliance costs for gas-fired power plants as part of a broader plan to lower electricity prices, according to a leaked draft seen Thursday by an energy market news outlet.

The Green Climate Fund (GCF) has announced a commitment to mobilise up to $100 million to support climate action in Chad, in a major step to scale finance for one of the world’s most climate vulnerable countries.