LCAW26: Business coalition launches to advance hourly carbon-free electricity matching
Eight global companies joined a coalition on Tuesday to test and help shape hourly carbon-free electricity procurement, as businesses move beyond annual renewable energy matching toward 24/7 clean power strategies.
Read MoreFortum to shut Finland’s last coal power plant in early 2027
Energy giant Fortum is closing Finland’s last remaining coal-fired power plant in early 2027, as part of its commitment to reach net zero by 2040, the company announced on Wednesday.Â
Read MoreCanadian oil sands emissions intensity falls for 13th straight year -S&P
The greenhouse gas intensity of Canadian oil sands production declined for a 13th consecutive year in 2025, extending a long-running trend driven by operational efficiencies, technology deployment, and a shift towards lower-emitting production methods, according to new analysis published by S&P Global Energy.
Read MoreUK set to miss 2030 climate target, warns climate advisory body
The UK is lagging behind its greenhouse gas (GHG) emission targets, warns the government’s climate advisory body, amid a fierce political debate on the speed of the electric vehicle (EV) roll-out. Â
Read MorePREVIEW: France warns against diluting EU ETS, CO2 emission standards for cars
Paris has warned the European Union against watering down its climate policy framework ahead of a ministerial meeting on Thursday, stressing that EU laws must remain consistent with the bloc’s 2040 climate objectives agreed earlier this year.
Read MoreIsraeli ag tech company issues first verified carbon credits
An Israel-based agricultural technology company has issued its first verified carbon removal (CDR) credits, with plans to “disrupt the global CDR market”, according to its CEO.
Read MoreEU states back simpler green finance disclosure rules, draw criticism over fossil fuel provisions
The Council of EU member states has agreed its negotiating position on a major overhaul of the bloc’s sustainable finance disclosure rules, aiming to simplify requirements for investment products and make it easier for investors to compare sustainability claims.
Read MoreEU moves to cut red tape on energy labels, with eye on consumer choices ahead of ETS2 launch
The European Commission on Wednesday proposed an overhaul of the EU’s energy and tyre labelling rules, aiming to cut paperwork by scrapping mandatory printed labels on every product and moving more information online before ETS2 starts applying in 2028, a move expected to raise heating fuel costs due to carbon pricing.
Read MoreLCAW26: Orsted cuts own power emissions 98%, flags supply chain as next carbon challenge
Orsted has cut its scope 1 and 2 emissions intensity by more than 98% since 2006, but value chain emissions linked to steel, maritime fuels, and copper now represent the main carbon challenge for its offshore wind business, the Danish offshore wind major said Tuesday in a report launched during London Climate Action Week (LCAW).
Read MoreSwedish green steel startup secures $1.6 bln in vote of confidence for struggling sector
A green steel startup on Wednesday announced the completion of a $1.6 billion equity financing round, securing backing from existing shareholders, new investors, and lenders.
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