In brief | 12 June ‘26
The Guardian: El Niño forms in Pacific as experts say it will likely turbocharge extreme weather
Meteorologists in US predict weather phenomenon will be the strongest of century, while UN secretary-general calls it ‘urgent climate warning.’
EU: ETS2 market stability reserve: Council and Parliament reach provisional agreement
The market stability reserve addresses supply and demand imbalances in ETS2, by adjusting the number of emission allowances available in circulation.
Bloomberg: EU budget plan shrinks as wealthier states push back on spending
Leaders will meet in Brussels next week to discuss the amended spending plan, which includes cuts to EU agriculture and fisheries programme, and research, defence and infrastructure programs.
Reuters: Iran war adds to AI boom as demand for gas turbines rises further, Siemens Energy says
The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said.
Reuters: Siemens Gamesa CEO warns of capacity cutbacks if Europe's offshore expansion falters
Plants may be downsized if projects stall, Siemens Gamesa says.
Bloomberg: DHL says clean energy technology is getting harder to transport
Global efforts to transition away from fossil fuels are running into a challenge due to clean energy equipment getting more complex, hazardous and too big to transport easily.
Reuters: France to open tender for 10 GW of offshore wind projects
France's energy ministry said it would open a long-awaited call for tenders to develop ten gigawatts of offshore wind projects, mostly located on the country's west coast.
EEFA: Europe’s potential carbon capture and storage project pipeline is losing steam
New European carbon capture and storage (CCS) project announcements peaked in 2021 and have been declining as technical and economic issues persist.
Bloomberg: Scientists urge countries to look beyond CO2 to tackle warming
While carbon dioxide and methane are responsible for the majority of climate change, “indirect” greenhouse gases play a larger role than previously understood.