Energy Transition, Renewables, Hydrogen, Battery Metals
October 29, 2025
ET Highlights: Global response rate to UNEP methane alerts rises; investors rush to UK’s booming battery storage market
Energy Transition Highlights: Our editors and analysts bring together the biggest stories in the industry this week, from renewables to storage to carbon prices.
Top story
UNEP reports 12% response rate to methane alerts, calls for acceleration
Global responses to more than 3,500 satellite-detected methane alerts from the UN Environment Programme increased from 1% to 12% over the past year, the UNEP said, emphasizing that efforts must accelerate to limit global temperature rise and meet the Global Methane Pledge target of reducing emissions by 30% by 2030.
Launched at the UN Climate Change Conference, or COP26, in 2021, the Global Methane Pledge commits countries to voluntary actions aimed at achieving a collective goal to reduce methane emissions -- the second-largest driver of climate change after carbon dioxide.
Actions remain too slow to meet the climate goals, according to Inger Andersen, under-secretary-general of the UN and executive director of UNEP. The Global Methane Pledge is crucial to keeping the Paris Agreement within reach, yet methane levels continue to rise.
The Global Methane Pledge has 160 signatories and oil and gas companies representing half of the global production have pledged near-zero methane emissions by 2030, but the commitments need to be followed by action, according to Andersen. The fifth edition of UNEP International Methane Emissions Observatory's publication -- An eye on methane: From measurement to momentum -- was released on Oct. 22.
Benchmark of the Week
$22.30/mtCO2e
Platts CEC current year – which reflects CORSIA Phase 1 eligible carbon credits for 2025 delivery – was assessed at $22.30/mtCO2e Oct. 23. The Platts Pre-CEC, which reflects credits pending full eligibility under the first phase of CORSIA, was assessed at $16.70/mtCO2e Oct. 23.
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SPGlobal.com
INTERVIEW: CCP-labeled carbon credit supply to rise in 2026; ICVCM working toward standardization
The carbon market is expected to see an increase in supply of Integrity Council for the Voluntary Carbon Market's Core Carbon Principle-labeled credits starting 2026, as developers complete transitioning their projects into new methodologies, CEO Amy Merrill said in an interview. Merrill said the supply of CCP credits is low because some large programs haven't submitted significant volumes for assessment, as they wanted to transition those projects to new methodologies.
Investors rush to capitalize on UK's booming battery storage market
Investors are flocking to the UK's battery storage market, with falling capital costs and the rise of fixed-price offtake structures driving a wave of dealmaking activity in 2025. Already Europe's largest market for battery storage, Britain is on course to more than quadruple its installed base by 2030 from the roughly 5 GW in operation today.
Platts Connect
IMO carbon pricing delay unlikely to disrupt shipping VCM activity
The International Maritime Organization's decision to postpone carbon pricing discussions for the maritime sector is unlikely to significantly disrupt voluntary carbon markets or dampen shipping companies' adoption of carbon removal dioxide credits as offsets, according to industry sources and company executives. The delay comes after IMO member states voted on Oct. 17 to push back regulatory discussions on new decarbonization rules for marine energy by one year, following strong opposition from the US.
Finland’s Gasgrid issues first green hydrogen GO to P2X Solutions
Finnish gas infrastructure operator Gasgrid has issued the country’s first guarantees of origin for hydrogen to P2X Solutions for its 20-MW Harjavalta electrolyzer, Gasgrid said in a statement on Oct. 23. The GOs certify that the hydrogen is produced from renewable energy sources, enabling producers to market the product as renewable.