Global oil supply to plunge below demand this year due to Iran war, IEA says
15 May 2026
Global oil supply will fall short of total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the International Energy Agency said on Wednesday, upending its earlier outlook calling for a surplus.
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World Bank to abandon goal to devote 45% of lending resources to climate change projects
Wed 1 Jul 2026
The World Bank Group said on Monday it will "retire" its previous goal to devote 45% of its annual lending resources to projects with climate co-benefits, but extend its longstanding Climate Change Action Plan that was due to expire on Tuesday.
US drives rise in global emissions as utilities turn back to coal, report shows
Wed 1 Jul 2026
The United States accounted for about a third of the rise in global carbon dioxide emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed on Tuesday.
Six charts show how clean power was world’s largest source of new energy in 2025
Wed 1 Jul 2026
Clean power added more to global energy supplies than any other source in 2025, according to the latest Energy Institute statistical review of world energy.
EU to extend deforestation law to palm-derived chemicals
Wed 1 Jul 2026
The European Commission is preparing to expand the scope of the EU’s deforestation law to cover a wider range of palm-derived chemicals, according to a draft delegated act and an accompanying annex obtained by Euractiv.
SBTi’s new standard: a demand boost or a death knell for carbon markets?
Wed 1 Jul 2026
The target setter explicitly mentions a role for carbon credits for the first time, but they cannot count towards company targets.
Offshore oil and gas rush threatens whale corridors and coral reefs
Wed 1 Jul 2026
From coral reefs in Kenya to Caribbean seagrass meadows and whale migration corridors in the Arctic, a surge in offshore oil, gas and liquefied natural gas development is spreading into some of the world’s most ecologically important marine habitats, according to a new analysis.
Europe's heatwave linked to 1,300 deaths, WHO says, as Germany hits record 41.7C
Tue 30 Jun 2026
Europe's unprecedented early summer heatwave may be responsible for hundreds of excess deaths, according to the head of the World Health Organization.
Big Oil’s campaign to stop EU methane restrictions is working
Tue 30 Jun 2026
The fossil fuel industry and the U.S. government are gaining ground in their fight to postpone EU rules designed to cut emissions of one of the most potent greenhouse gases, with at least 12 member countries already backing calls to delay the law.
'Spectacular' electric car sales weaken pressure to shelve combustion engine ban, EU climate chief says
Tue 30 Jun 2026
A "spectacular" rise in electric car sales is weakening political momentum to roll back the European Union's planned ban on combustion engine cars, the bloc's climate commissioner said on Thursday, as governments laid bare divisions over the policy.
Our Ocean Conference in Kenya ends with $6.4 billion in pledges, review of past promises
Tue 30 Jun 2026
Africa was front and center at the Our Ocean Conference in Kenya, the first time the annual gathering was held on the continent. The conference is built around voluntary commitments from a range of actors including governments, nonprofits, institutions and the private sector.
