ANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreSB64: Civil society groups urge COP31 hosts to lead fossil fuel transition
A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels.
Read MoreUS solar dodges Trump cooldown, breaks generation record
Solar has surpassed coal-fired power generation in the US for the first time and leads additions to the power grid, despite US President Donald Trump’s efforts to bolster the fossil fuel and pull back from renewables.
Read MoreSB64: Colombia’s fossil fuel transition push post-Santa Marta divides developing countries -sources
Colombia is demanding institutional support for a global transition away from fossil fuels (TAFF) in Bonn, building upon momentum from April’s Santa Marta conference – and exposing divides among parties in the G77-plus-China negotiating bloc.
Read MoreANALYSIS: New SBTi standard opens door for carbon markets, but guardrails will temper near-term demand
The Science-Based Targets initiative’s (SBTi) long-awaited new Corporate Net-Zero Standard was widely welcomed for recognising companies that address their ongoing emissions, including with voluntary ‘high-integrity’ credit buying – but stakeholders critiqued its lack of mandate on near-term action, which they said will significantly dampen the immediate market signal.
Read MoreEV charging bosses warn EU grids risk becoming ‘bottleneck’ within five years
Europe’s power grids risk becoming a major bottleneck for electric vehicles within the next four to five years, even as high oil prices and new EU carbon rules are set to turbocharge demand for battery-powered cars, senior industry executives have warned.
Read MoreBRIEFING: All eyes on von der Leyen’s electrification drive, as experts flag dangers of easing ETS cap
Electrification must become the backbone of Europe’s energy security strategy, rather than a search for new gas suppliers – and weakening the EU Emissions Trading System (ETS) would only make the bloc’s climate and industrial balancing act harder, experts warned on Thursday.
Read MoreUK set to keep Sizewell B nuclear plant alive for 20 more years -media
The UK government is set to sign off on a deal to extend the life of country’s biggest operational nuclear power plant, Sizewell B, by two decades, according to media reports on Thursday.
Read MoreItalian power taxes four to 20 times higher than fossil fuels -report
Electricity is the most penalised energy carrier in Italy, where it faces taxes and carbon-related costs that are up to four times higher than those applied to gas in the household sector and more than 20 times higher in parts of industry, according to a study published Thursday by the climate think tank ECCO.
Read MoreFEATURE: Data centres are steering the course on the next wave of energy supply
As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.
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