EU lawmakers agree position on Market Stability Reserve for ETS2
The European Parliament’s environment committee endorsed on Monday a provisional agreement to strengthen the Market Stability Reserve (MSR) for the EU’s new emissions trading system covering buildings and road transport (ETS2), paving the way for final approval in plenary.
Read MoreUK needs national cooling plan to avoid carbon lock-in, report says
The UK risks locking in higher emissions unless it develops a national cooling strategy that limits demand for air conditioning, a London-based non-profit warned on Monday.
Read MoreEU 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 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 MoreWorld Bank updates green bond framework, project eligibility list
The International Finance Corporation (IFC), the private-sector branch of the World Bank Group, has updated its Green Bond Framework to expand the range of projects eligible for financing.
Read MoreEU urged to back ETS2 with stronger support for vulnerable households
Europe’s plan to extend carbon pricing to buildings risks leaving millions of vulnerable households behind unless it is matched with major public investment in home renovations and clean heating, researchers and EU officials warned this week.
Read MoreEuropean bank buys SAF to help cut its supply chain emissions
A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions.Â
Read MoreRenewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA
The cost advantage of renewable energy over fossil fuels continues to widen – helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions – turning clean energy into a “geopolitical shock absorber” during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.
Read MoreBrussels taps ETS cash for €2.5 bln clean energy push in poorer EU countries
The European Commission and European Investment Bank (EIB) have released a fresh €2.5 billion tranche from the EU’s Modernisation Fund to support 51 energy-sector projects in 11 lower-income EU member states, using revenues from the EU Emissions Trading System (ETS).
Read MoreGermany’s first nEHS carbon allowance auction clears at price ceiling
Germany’s national emissions trading system (nEHS) held its first-ever auction of emissions allowances on Wednesday, with demand strong enough to trigger the scheme’s price ceiling and double the volume of permits sold.
Read More