Global Scans · Decarbonization · Weekly Summary

• [New] Cutting green levies will ultimately slow progress toward the UK's long-term carbon reduction goals, further delaying the transition to cleaner heating solutions such as heat pumps and other clean energy heating options. FM Industry
• [New] Cutting green levies will ultimately slow progress toward the UK's long-term carbon reduction goals. FM Industry
• [New] Decarbonization alone will not be enough to ensure the U.K. would meet the so-called N-1 test - a sufficient supply of gas even if the single largest piece of gas infrastructure fails - during a prolonged cold spell in winter 2030/31. Politico
• [New] Government projections show fossil fuel production will exceed Paris-aligned levels by more than 120% in 2030, and by 2050, production is expected to be 4.5 times higher than what a 1.5 °C pathway allows, highlighting the urgency of a coordinated global effort to phase out coal, oil, and gas. The Forefront Mag
• [New] Raises questions on credibility of global climate process: Environmental groups warn that passing a weak, fossil-fuel-free text would signal a breakdown of climate multilateralism. INSIGHTS IAS - Simplifying UPSC IAS Exam Preparation
• [New] Over the medium term, Singapore will deepen collaboration with international partners through initiatives such as Article 6 cooperation and the Coalition to Grow Carbon Markets, enhancing cross-border trust and supporting the development of scalable, transparent carbon markets. Bloomberg Professional Services
• [New] The Singapore Government agencies will work closely with industry to promote adoption of the new VCM guidance and encourage companies to align their decarbonization strategies with its principles. Bloomberg Professional Services
• [New] Cost competitiveness projections indicate green steel achieving price parity by 2030, with potential cost advantages emerging by 2035 as carbon pricing intensifies and technology costs continue declining. Discovery Alert
• [New] Green steel deployment could reduce global industrial emissions by 3-5% by 2035, representing one of the most significant single-sector decarbonization achievements. Discovery Alert
• [New] The steel sector, responsible for approximately 7% of global carbon emissions, represents perhaps the most significant opportunity for industrial decarbonization through breakthrough manufacturing technologies. Discovery Alert
• [New] The ETS2 emission cap will decrease linearly to achieve a 42% emission reduction by 2030 compared to 2005. Economy and Finance
• [New] In the EC ETS impact assessment, the modelled ETS2 carbon price for 2030 is EUR48 per ton CO2 in 2015 prices, corresponding to EUR69 in 2030 prices. Economy and Finance
• [New] EC energy system modelling points to ETS1 carbon price increases between 2025 and 2030 of around EUR20 (including inflation). Economy and Finance
• [New] The EC ex-ante macroeconomic impact assessment of strengthened and extended carbon pricing points to GDP impacts in 2030 between -0.39% and +0.13% compared to the baseline scenario. Economy and Finance
• [New] Two new trucking sector members joined the First Movers Coalition, where truck owners and operators commit to making at least 30% of their purchases of new heavy-duty trucks zero-emission by 2030, as well as 100% of new medium-duty truck purchases. IEA
• [New] Based on projects with a final investment decision (FID), renewable and low-carbon hydrogen production can reach over 4 Mt by 2030, but they represent only 9% of all announced projects (up from 6% last year). IEA
• [New] Low-emissions hydrogen production is still set to see robust growth to 2030, rising from less than 1% of the total today to around 4% by 2030. IEA
• [New] With six times more initiatives reporting measurable outcomes than at the last COP, the momentum across sectors is clear: industrial decarbonization plans aligned, health systems strengthened, and global grids efforts consolidated to support tripling renewables by 2030. UNEP - UN Environment Programme
• [New] Dubai and Abu Dhabi rolled out carbon-neutral methods of supporting tourism as part of their Vision 2030 plans. Precedence Research
• [New] That fossil-fuel demand will plateau by 2030 and renewables plus low-carbon fuels will dominate new capacity additions. Advanced Hydrocarbon Fuels

Last updated: 30 November 2025