Businesses across 18 markets increasingly view clean electrification as a way to reduce exposure to fossil fuel volatility, lower long-term costs, and strengthen competitiveness, according to a polling report released Monday.

Art of the deal - Prices of benchmark crude oil fell as much as 4% on Monday to touch $80/bbl after US Predisent Donald Trump announced a deal to end the conflict with Iran will be signed this Friday. It comes after weeks of negotiations and ceasefire violations between the two countries. Trump added that the Strait of Hormuz, through which nearly a fifth of global energy supplies and crucial processed commodities like jet fuel oil passed before the conflict began, will also reopen indefinitely and without tolls on Friday. Under the preleminary deal, more thorny issues like Iran's nuclear programme and sanctions relief will be discussed over the next 60 days.

Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.

Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.