Trump administration reaches deal to redirect $765 mln from offshore wind leases to gas, geothermal
Four federal offshore wind leases would be voluntarily terminated and $765 million redirected towards gas-fired power plants and geothermal generation under a settlement announced recently by the US Department of the Interior (DOI).
Read MoreBRIEFING: AI data centres’ gas rush tests whether power demand can become flexible
US grid regulators and a federal court are being pulled into a fight over how AI data centres power their operations, as reliability demands push developers toward private gas-fired generation and raise questions over whether some workloads can be shifted before emissions are locked in.
Read MorePeru’s national carbon registry adds two new standards
Peru’s Ministry of Environment (MINAM) has accredited two new standards and added 17 new methodologies to the national carbon registry RENAMI, as per a resolution issued Thursday.
Read MoreEU opens €1.1 bln funding round to decarbonise transport links
The European Commission has launched a €1.1 billion funding round to upgrade rail, waterway and other low-carbon transport infrastructure across the EU, Ukraine and Moldova under the EU’s 2026 Connecting Europe Facility (CEF) Transport calls.
Read MoreFEATURE: Corporates excited about new SBTi climate standard’s nod to market instruments
Companies are “excited about finally having clarity” on using market instruments to show progress towards their climate targets under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, say consultancies referring to the standard’s “incredible ripple effect”.
Read MoreOPEC sees no peak in oil demand amid energy security concerns
OPEC sees “no peak oil demand” coming soon as governments around the world rethink climate and energy policies given recent concerns, according to its latest long-term outlook which claims crude will retain the largest share of the global energy mix through to 2050.
Read MoreNortheast, West Coast states set EV policy foundation despite US federal backtrack -report
California and Massachusetts are best incentivising consumers to transition to EVs amid policy rollbacks from the Trump administration, according to a new report.
Read MoreINTERVIEW: US super pollutant credits developer targets Global South food supply chain expansion
A US-based developer of super pollutant credits is targeting rapid expansion into Central and South America as food supply chains increasingly shift into the region, according to its CEO. Â
Read MoreVerra reinstates Northern Kenya grassland carbon project following community approval process
Carbon standard Verra has reinstated the Northern Kenya Grassland Carbon Project after a community formally reaffirmed its participation through a process conducted in line with Kenyan law.
Read MoreBanks’ climate impacts more likely to create transition than physical risks, paper says
Banks’ own climate-impacting activities are more likely to create transition-risk exposure through investors, clients, policymakers, or litigation than to materially increase their own physical climate risks, according to a new working paper on double materiality.
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