VCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Read MoreUS DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.
Read MoreBrussels clears Italy’s €23 bln renewables expansion plan
The European Commission has approved an Italian scheme to spend €23 billion to increase the country’s renewables capacity by 50%, under state aid rules.
Read MoreUK govt presents planning law for first fusion power plants
The UK government is proposing a new planning policy for cutting-edge fusion power generation, which it says will help the sector move from research to commercial take-off.Â
Read MoreUN flags ‘significant’ Article 6.2 readiness gaps in four APAC countries
At least four countries seeking to participate in carbon markets under Article 6.2 of the Paris Agreement have significant gaps in their governance, authorisation, and tracking systems, according to recent UN technical reviews.
Read MoreHope fading fast of airlines meeting net zero 2050 goal, warns airline body
Airlines may need an easier climate target because “hope was fading fast” of meeting the net zero 2050 goal, an industry body has warned.
Read MoreEU countries reject national EV targets for corporate car fleets
A majority of EU member states have rejected a European Commission proposal to set binding national targets for zero-emission vehicles in corporate fleets, instead signalling support for non-binding “guidelines” at a meeting of EU transport ministers on Monday in Luxembourg.
Read MoreGlobal energy crisis fuels surge in near-term coal demand across Asia-Pacific, report says
The prolonged energy crisis stemming from the Middle East conflict is driving a significant near-term surge in thermal coal demand across the Asia-Pacific region, according to a new report.
Read MoreClean industry financing jumps as China leads new project wave -report
Clean industry projects worth an estimated $43 billion secured financing over the past six months, more than double the pace recorded in the same period a year earlier, as China accounted for most new projects, according to a report published Monday.
Read MoreCalifornia power emissions rise YoY in April as natural gas drops
California power sector CO2 emissions increased roughly 1.6% year-on-year (YoY) in April, even as the share natural gas-based generation decreased, recently published grid operator data showed.
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