Fossil plants win 58% of backup power contracts, despite EU push for clean flexibility -study
European governments have awarded more than half of capacity market contracts to fossil fuel power plants since 2014, a new report has found, warning that weak oversight is locking in gas-fired generation, pushing up consumer bills, and inflating CO2 emissions.
Read MoreChina releases rules for renewable consumption mandates
China has established a framework to measure the progress of emissions intensive sectors in fulfilling their mandatory minimum renewable energy consumption targets.
Read MoreLCAW26: BRIEFING – AI surges to top concern in efforts to stem climate change
AI is the new bugbear for efforts to tackle climate change, fuelling concerns about its surging demand for energy, water, and land – despite the potential benefits it can bring, according to experts.
Read MoreNew Zealand bank, state-owned enterprise partner to drive removals, biodiversity improvements
One of New Zealand’s leading banks has announced a partnership with a state-owned enterprise to help landowners monetise native forests via carbon removals and boost biodiversity.
Read MoreClimate finance won’t meet minimum needs until 2030s as growth rate slows, report warns
Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
Read MoreBrazilian biofuel producer signs 10k carbon credit agreement from BECCS project -media
A Brazilian biofuel producer has signed a deal for 10,000 carbon removal (CDR) credits with a large European commodities merchant from its bioenergy with carbon capture and storage (BECCS) project, media reported.
Read MoreCalifornia sues to block US EPA bid to send clean air waivers to Congress
California sued the Trump administration on Monday over the US EPA’s decision to reclassify four state clean air waivers as rules subject to congressional review, arguing the move threatens the state’s authority to enforce long-standing vehicle and equipment emissions standards.
Read MoreSCOTUS rejects bid to review US EPA rule governing refrigerant phasedown
The US Supreme Court (SCOTUS) has denied a petition by a Georgia-based refrigerants company to review the EPA’s phasedown of hydrofluorocarbons (HFCs).
Read MoreUS tech platform boosts CDR spending, adds biochar to offset mix
A US tech platform increased carbon removal (CDR) spending by nearly 30% in 2025, while also adding biochar credits to its portfolio.
Read MoreLATAM Roundup: Paying out carbon finance, paying up carbon fees
Two large private funding vessels announced carbon finance disbursements last week, while public-sector commitments have companies contemplating looming compliance carbon prices.
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