EU ETS maritime CO2 emissions slip in 2025 despite rise in overall sectoral output
CO2 emissions from ships covered by the EU’s monitoring, reporting, and verification (MRV) system rose modestly in 2025 year-on-year, according to preliminary data, but the share falling within the scope of the Emissions Trading System (EU ETS) edged lower compared to 2024 levels.
Read MoreWorld Bank approves $265 mln for hydro project in Morocco, amid retreat from climate targets
The World Bank has announced a $265-million financing package to support a major hydropower infrastructure project in Morocco, just days after retiring its climate finance targets amid US pressure.
Read MoreEV sales in UK surge in June, but fall short of target needed for UK climate goals
New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.
Read MoreAustralian court cases to push back against govt gas approval
Upcoming court cases are challenging the Australian environment minister’s decision to approve the North West Shelf (NWS) gas facility’s exporting licence, and will argue he failed to consider the impacts of its emissions on native wildlife, among other issues.
Read MoreUK’s Sizewell C nuclear developer strives to limit construction emissions below expectations
The developer of a new nuclear power plant in southern England aims to keep construction emissions below 2.1 million tonnes of CO2e through a number of low-carbon measures, which is 0.9 MtCO2e lower than previous lifecycle assessment estimates for the plant.
Read MoreItaly set to pivot to temporary gas price cap as ETS reimbursement plan fades
Italy appears to be moving away from its controversial proposal to reimburse carbon costs, with a new consultation on plans to instead introduce a temporary gas price cap mechanism that analysts say is more likely to win regulatory approval but would have a much smaller impact on electricity prices.
Read MoreEl Nino could add 17 mln tonnes to India’s emissions
A strengthening El Nino could add 17 million tonnes of carbon dioxide to India’s emissions just over the next year as extreme heat drives up demand for electricity and weaker wind and rainfall curb renewable power generation, according to an analysis.
Read MoreItaly’s Enel urges long-term stability in EU carbon market to drive investment
The EU’s flagship Emissions Trading System (ETS) risks scaring off long-term investment unless policymakers curb regulatory “noise” and set out a clearer plan for how subsidies and the carbon price will work together to drive decarbonisation, said Italy’s largest power company.
Read MoreCanadian national carbon credit framework pledged under new multi-billion dollar prosperity agreement
British Columbia and Canada signed a multi-billion dollar prosperity agreement, including a commitment to develop a multilateral National Carbon Credit Framework.
Read MoreFossil fuels inclusion would undermine incoming Canadian sustainable finance taxonomy -report
Including oil and gas activities in Canada’s planned sustainable finance taxonomy would undermine its credibility, invite greenwashing and reduce its ability to attract investment for net zero-aligned projects, a new report argued.
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