Germany-backed CDR programme coordinates plan to scale up research
Researchers from a carbon removal (CDR) initiative backed by around €33 million from the German government are advancing work into scaling up engineered and land-based removals, the programme has announced.
Read MoreWorld Bank drops climate financing targets, buckles under US pressure
The World Bank said it will scrap two headline climate financing targets, including its goal for 45% of financing to deliver climate benefits, as it shifts its focus from how much the bank spends on climate-related projects.
Read MoreRenewable electricity down in EU in 2025 as hydro collapse offsets solar boom
Renewable electricity generation marginally fell in 2025 year-on-year across the EU as a solar boom was unable to offset the rebound in gas-fired power and a hydroelectric collapse, data from Eurostat reveals.
Read MoreCountries reaffirm commitment to bolstering energy efficiency by 2030
Countries have reaffirmed the importance of scaling up energy efficiency in a new action plan signed in Montreal this week at a conference hosted by the International Energy Agency (IEA), which includes reference to enhancing efficiency in data centres.
Read MoreBHP pushes efforts to cut blast furnace emissions over other steelmaking processes
Miner BHP has argued attention should focus on cutting emissions from traditional blast furnaces, through carbon capture utilisation and storage (CCUS) and other technologies, due to the technique’s dominance in global steelmaking supply chains.
Read MoreEurope’s chemicals lobby turns up the heat on Brussels ahead of EU ETS reform
The EU’s planned overhaul of its Emissions Trading System (ETS) must be reshaped to avoid accelerating Europe’s industrial decline, the continent’s chemicals lobby has warned, urging policymakers to treat the reform as “a test for Europe’s climate and industrial transition”.
Read MoreTurkish bank secures $250 mln World Bank facilities to boost finance for green steel, renewables
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has approved $250 million of trade finance facilities for a major Turkish bank to support the country’s export-oriented sustainable steel and renewable energy sectors.
Read MoreSPONSORED: Europe’s Industrial Wake-Up Call – Competitiveness Requires a New Approach to Energy and EU ETS
Europe’s climate ambitions must go hand-in-hand with industrial competitiveness. The upcoming EU ETS reform should support decarbonisation while ensuring affordable energy, investment certainty, energy security, and a level playing field for European industry.
Read MoreGap between Pacific finance needs and availability threatens NDC viability -analysis
Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.
Read MoreAustralian aviation company raises A$28 mln to scale drag-reducing tech
An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.
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