Euro Markets: Midday Update
European carbon prices edged lower on Friday morning, extending Thursday’s €3.00 day-long decline as speculative traders took remaining profit after the market’s 10% jump early in the week, and participants reduced exposure ahead of a tense weekend in the Middle East.
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Risky business – Singapore sovereign wealth fund GIC is preparing its investment portfolio for worsening physical climate risks, warning that the global transition to net zero is moving too slowly to avoid significant climate impacts, Bloomberg reported. GIC said in its latest annual report that it is using scenario analysis and third-party data to assess […]
Read MoreMeta leaves renewable energy initiative over gas buying
Meta has left a global scheme in which companies commit to sourcing all their power from renewable energy, having increased its gas procurement to power data centres, according to reports in the media.
Read MoreRenewables provided over 25% of total EU energy use in 2025 -Eurostat
The share of renewables in the EU’s gross final energy consumption last year exceeded a quarter, while almost half of the bloc’s electricity came from renewable sources, according to the latest official data.
Read MoreCP Daily News Ticker: July 24, 2026
Beko looks to COP31 – Europe’s largest white goods manufacturer reported that low-carbon products accounted for nearly three-quarters (72.6%) of its turnover last year, and renewable electricity use approached two-thirds (63.5%) across its manufacturing operations. The Turkish company, with €10.7 bln in turnover in 2025, also listed numerous other climate achievements in a letter to […]
Read MoreEU demand for electric and hybrid cars surges amid oil price spike
Battery electric cars surged to a fifth of all new car registrations in the EU in the first half of the year, as oil prices spiked on the back of the US-Israeli war against Iran.
Read MoreVietnamese conglomerate builds carbon credit measurement platform for EV projects, eyes exports
A Vietnamese conglomerate has built the measurement infrastructure for carbon credit generation from its electric vehicle and charging network projects, which could collectively generate up to 4.5 million units, with room for exports under Article 6.2 of the Paris Agreement.
Read MoreGermany backs EU’s proposed ETS reform, says aligned with Berlin’s ideas
Germany’s environment and climate minister, Carsten Schneider, said the European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) closely reflects German priorities, backing a package that would slow the pace of emissions cuts in the next decade while tightening conditionality for the distribution of free allowances to industry.
Read MoreEU carbon price cheapest but less equitable than national plans -report
A hypothetical economy-wide EU-wide carbon price would deliver the bloc’s 2030 climate target at the lowest average cost per household, but place a greater burden on poorer member states and households than the current national-plan-based approach, according to a study published Thursday.
Read MoreAustralian regulator approves stacking of water quality improvement credits, ACCUs
Australia’s Clean Energy Regulator (CER) has approved the stacking of credits generated through water quality improvement activities with the Australian Carbon Credit Unit (ACCU) Scheme.
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