World 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 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 MoreWind energy industry urges EU ETS overhaul to prioritise industrial electrification
The European Commission should use its upcoming revision of the EU Emissions Trading System (ETS) to redirect billions of euros in carbon market revenues towards industrial electrification, trade association WindEurope has said.
Read MoreMENA Roundup: Gulf countries build up voluntary carbon markets at home
Middle Eastern and North African (MENA) countries last month offered carrots, sticks, and capacity support to accelerate domestic and regional carbon market development.
Read MoreGerman grid operator urges pause to coal plant closures amid energy security concerns
Germany should halt further closures of coal-fired power plants until replacement capacity is in place, the country’s largest transmission system operator has said, warning that electricity security could be at risk early in the next decade as the country accelerates its energy transition.
Read MoreAustralian electricity generators push back against being included in Safeguard Mechanism
An industry body representing Australia’s electricity producers has argued against folding the sector into the Safeguard Mechanism, arguing it will be inefficient, legally complex, and lead to higher operating costs.
Read MoreChile approves 2026-30 energy roadmap with pilot ETS, $100 mln Article 6 funding target
Chile’s Ministry of Energy has formally approved its Energy Roadmap 2026-30, placing the sectoral emissions trading system (ETS) pilot and international carbon markets as key instruments in the country’s energy transition.
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