Author: omc_admin
Long-Term Clarity: CISAF replaces the Temporary Crisis and Transition Framework and will remain in effect until 2030, giving Member States and businesses strategic certainty. Broader, Faster Support: The framework simplifies aid approvals for clean energy, decarbonisation, and clean tech manufacturing—including fast-tracked schemes and investment de-risking. Competitive Edge: Energy-intensive industries can receive electricity cost relief, with required reinvestment in decarbonisation to stay globally competitive. The European Commission has adopted the Clean Industrial Deal Framework (CISAF), a robust and long-term state aid structure aimed at accelerating clean energy deployment, industrial decarbonisation, and clean technology investment across the EU. Effective until 31 December…
Cheniere Energy Inc. said Tuesday it had made a positive FID (final investment decision) to add two “midscale” trains to the Corpus Christi LNG facility in South Texas. The Houston, Texas-based LNG producer “issued full notice to proceed to Bechtel Energy, Inc. for construction of CCL Midscale Trains 8 & 9”, a company statement said. The two trains will raise the terminal’s capacity by over 3 million metric tons per annum (MMtpa). In July 2023 the United States Department of Energy (DOE) granted CCL Midscale Trains 8 & 9 authorization to export to countries with a free trade agreement (FTA) with the…
Scale and Duration: Microsoft will receive 4.8 million carbon removal credits over 10 years, marking one of the largest permanent working forest carbon projects in the U.S. Next-Gen Verification: Credits will be issued under ACR’s advanced IFM v2.1 protocol, supported by Anew’s machine learning-powered Epoch Evaluation Platform. Forest Preservation Impact: The deal protects over 425,000 acres of forest across five states, with economic and environmental benefits for local timber communities. Microsoft has entered a 10-year agreement with Anew Climate and Aurora Sustainable Lands to purchase 4.8 million nature-based carbon removal credits—a deal that establishes one of the largest long-term working…
China has installed cumulative solar power that totals more than 1 terawatt, according to its National Energy Administration. The NEA said solar capacity reached 1.08 TW, or 1,080 gigawatts, at the end of May 2025, according to a report by PV Mag, which documents the world’s extraordinary transition to solar. (One TWh is a unit of energy that represents one trillion watt hours). China has been leading the global energy transition by a huge margin, and that lead looks set to grow, given the Trump Administration plans to terminate most of the subsidies for renewable energy his predecessor imposed.…
JPMorganChase commits to 50,000 metric tons of carbon removal over 10 years, supporting its operational decarbonization strategy. Direct Air Capture credits will be sourced from 1PointFive’s STRATOS facility, expected to become operational in Texas this year. The agreement strengthens the market for durable carbon removal, advancing large-scale infrastructure and innovation in the U.S. JPMorganChase has signed a 10-year agreement with 1PointFive to purchase 50,000 metric tons of carbon dioxide removal (CDR) credits, marking a significant step in the financial giant’s efforts to decarbonize its operations. The deal is underpinned by Direct Air Capture (DAC) technology and contributes to building a…
A federal judge in Seattle has blocked the Trump Administration’s decision to withhold $5 billion in funds that the Biden administration had approved for expanding the EV charging infrastructure in the U.S.Shortly after taking office, President Donald Trump froze the Department of Energy’s (DOE) $50 billion budget and withheld $5 billion in funding approved by bipartisan majorities in Congress for electric vehicle (EV) charging infrastructure.California co-led a coalition of 17 attorneys general who in May sued the Trump Administration “for unlawfully withholding billions of dollars in funding” for EV charging infrastructure.AGs from Arizona, Delaware, Hawaii, Illinois, Maryland, Minnesota, New Jersey,…
Press Release Brussels, 25 June 2025 The newly published Clean Industrial Deal State Aid Framework (CISAF) reflects industry’s call for coherence and will contribute to ensuring the Clean Industrial Deal (CID) does not become an empty promise. The text commendably targets increased flexibility, broad thresholds, generous cumulation, priority for renewables, recognition for electricity produced from renewable fuels of non-biological origin (RFNBOs), with flexibility on low-carbon hydrogen too. There is also a concerted alignment with the Net-Zero Industry Act (NZIA) to ensure that system and supply-chain resilience are prioritised, bringing additional coherence. Jorgo Chatzimarkakis, Hydrogen Europe’s CEO, stated: “DG COMP has…
NEW YORK (AP) — A record-smashing heat wave broiled the U.S. East for another day Wednesday, even as thermometers were forecast to soon plunge by as many as 30 degrees in the same areas. The day’s heat wasn’t expected to be as intense as Tuesday, when at least 50 heat records were matched or broken and 21 places hit triple-digit temperatures. About 127 million Americans remained under National Weather Service heat advisories, down from the previous day. Sizzling temperatures sent utilities scrambling to keep the air conditioning and lights on amid massive demand for power.“It’s still going to be, I…
SEMBALUN, Indonesia (AP) — Indonesian rescuers on Wednesday retrieved the body of a Brazilian hiker who died after falling from the ridge of a volcano, officials said.The 26-year-old Juliana Marins fell on Mount Rinjani on the island of Lombok. The retrieval took at least five hours due to the rocky and steep terrain and foggy weather.“With this stretcher, it takes quite a long time,” said Mohammad Syafii, head of Indonesia’s National Search and Rescue Agency.Indonesian authorities confirmed her death on Tuesday after the rescuers reached and examined the body, which was found using a thermal drone after four days of…
U.S. crude oil futures rose 1% on Wednesday, after the Iran-Israel ceasefire triggered a steep selloff earlier this week.U.S. West Texas Intermediate futures contracts rose 65 cents, or 1.01%, $65.02 per barrel by 9:00 a.m. ET. Global benchmark Brent was last up 69 cents, or 1.03%, at $67.83 per barrel.Prices briefly jumped to five-month highs after the U.S. bombed three nuclear sites in Iran over the weekend. But futures rapidly sold off on Monday and Tuesday after Iran held back from targeting regional crude supplies, and President Donald Trump pushed Jerusalem and Tehran into a truce.”With the announcement of a…