https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/private-credit-prepares-for-an-era-of-heightened-scrutinyIn order to help your bank navigate these challenging times, we have pulled together a series of news, webinars, podcasts and research to give you all the essential intelligence you need.24 April 2026 05:00:00 GMTJocelyn LewisLuca Blasi, PhD FRMhttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/043026-eu-closes-first-hydrogen-matching-round-with-strong-demandThe European Commission has closed the first round of its Hydrogen Mechanism with a large majority of renewable and low-carbon hydrogen suppliers receiving interest from potential buyers, it said in a statement on April 29. The mechanism, operated under the EU Energy and Raw Materials Platform, attracted expressions of interest for 87% of the 265 registered supply opportunities. Half of the30 April 2026 07:57:30 GMTJames Burgess ]]>https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-42-discipline-deployment-and-the-rise-of-the-wealth-channel-across-private-marketsIn this episode of Private Markets 360°, we welcome Jeff Diehl, Managing Partner and Head of Investments at Adams Street Partners. With over two decades of experience in the private equity sector, Jeff shares his insights into today’s market trends, macroeconomic impacts, and the rise of retail access to private investments. He discusses the dynamics of hyperscalers in private credit, the discipline required in underwriting, the evolving expectations of LPs, and the rapid rise of the wealth c30 April 2026 04:00:00 GMTChris SparenbergJocelyn Lewishttps://www.spglobal.com/ratings/en/regulatory/article/credit-conditions-special-update-time-compounds-the-credit-implications-of-the-war-s101683149This report does not constitute a rating action. As diplomatic efforts in the Middle East become more drawn out, the duration of disrupted energy and shipping flows is increasingly shaping global credit conditions. The ceasefire will only alleviate credit pressure when it leads to a durable reopening of the Strait of Hormuz. Even then, the credit impact will not unwind immediately. Beyond the immediate price impact, the loss of crude oil and refined product flows has already intensified into an 30 April 2026 10:28:08 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/042826-hydrogen-prices-seen-nearing-diesel-parity-by-2030-zestasHydrogen prices are expected to start reaching parity with diesel by 2030, Madadh MacLaine, founder and secretary general of the Zero Emissions Ship Technology Association, told Platts in an emailed interview. Platts, part of S&P Global Energy, last assessed the India renewable hydrogen term contract at $3.19/kg, or $28.0714/MMBtu, on April 23. The shipping sector is undergoing a complex energy28 April 2026 09:42:40 GMTDonavan Lim ]]>https://www.spglobal.com/energy/en/news-research/blog/energy-transition/043026-indias-power-and-renewables-market-demand-stalls-capacity-risesIndia's power sector reached a turning point in fiscal year 2025-26 (April 2025-March 2026), as record renewable capacity additions of 51 GW coincided with the first annual contraction in electricity demand since the pandemic. 30 April 2026 06:58:38 GMTGautam Sood and Md. Jawed Alam ]]>https://www.spglobal.com/energy/en/news-research/latest-news/shipping/042826-interview-ammonias-share-may-be-40-of-global-bunker-fuel-demand-by-2050----amogy-ceoUS-based Amogy "deeply believes" that ammonia could account for as high as 40% of the global bunker fuel consumption mix by 2050 as decarbonization gains momentum, company cofounder and CEO Seonghoon Woo told Platts, part of S&P Global Energy. Amogy has already completed demonstrations of its ammonia-to-power technology on a drone, a tractor, a semi-truck and in 2024 on a tugboat, Woo said in an28 April 2026 05:39:00 GMTSurabhi SahuAtsuko Kawasaki ]]>https://www.spglobal.com/ratings/en/regulatory/article/sp-global-ratings-raises-wti-and-brent-price-assumptions-due-to-ongoing-effective-closure-of-the-strait-of-hormuz-s101682795This report does not constitute a rating action. S&P Global Ratings reviewed its hydrocarbon price deck and raised its WTI and Brent oil price assumptions by $15/bbl for the remainder of 2026 and $5/bbl for 2027. Our 2026 assumptions are now $95/bbl for WTI and $100/bbl for Brent, reflecting the longer‑than‑expected persistence of supply disruptions and the cumulative effect of lost and damaged supply. Our 2027 assumptions are now $70/bbl for WTI and $75/bbl for Brent. Our assumptions for 2029 April 2026 14:03:43 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042826-indian-airlines-warn-of-shutdown-risk-as-fuel-at-60-of-total-costsIndia's top air carriers are "on the verge of closing down or stopping operations" as the Middle East conflict pushes aviation turbine fuel costs to 55%-60% of total operational expenses, up from a prewar norm of 30%-40%, the Federation of Indian Airlines said in a letter released April 28. The war between the US, Israel and Iran, now in a tenuous ceasefire, has driven the ATF crack differential28 April 2026 16:47:20 GMTSamyak Pandey ]]>https://www.spglobal.com/ratings/en/regulatory/article/peru-brief-political-uncertainty-persists-following-first-round-elections-s101680095This report does not constitute a rating action. Following tight first-round presidential election results in Peru, right-wing Keiko Fujimori will compete in a second round on June 7, 2026, with either left-wing Roberto Sanchez or right-wing Rafael Lopez Aliaga. On the legislative front, the path forward will depend on the ability of the next president to navigate a still-fragmented Congress and an inaugural Senate that will hold significant power. Our credit rating on Peru (foreign currency: BB21 April 2026 18:51:21 GMThttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/042926-et-highlights-decarbonization-efuels-renewable-ammonia-dealEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.28 April 2026 20:05:00 GMTStaff https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/042826-singapore-airlines-maintains-saf-plans-grows-routes-despite-fuel-shockSingapore Airlines Group said it remains committed to adopting sustainable aviation fuel and is expanding capacity along certain Europe and Asia-Pacific routes despite the fuel cost shock. "The SIA Group remains committed to the adoption of sustainable fuels. We continue to engage different SAF suppliers while exploring diverse sourcing models for a resilient SAF supply chain in the long-term," an28 April 2026 10:06:50 GMTMia PeiWanda Wang ]]>https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/042826-shell-readies-europes-largest-refinery-for-green-hydrogenShell is poised to start renewable hydrogen operations at Europe's largest refinery, with its Holland Hydrogen 1 electrolyzer close to completion as the company gears up to meet expanding European green fuel regulations. The 200-megawatt renewable hydrogen plant will produce 60 metric tons/day to supply Shell's nearby 404,000 b/d Pernis refinery in Rotterdam from later in 2026. The site sits at28 April 2026 12:56:09 GMTJames Burgess ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042826-fao-warns-of-crop-yield-losses-from-delayed-fertilizer-applicationsThe closure of the Strait of Hormuz has triggered sharp increases in global fertilizer prices and disrupted trade flows of up to 3 million metric tons per month, threatening agricultural productivity across key importing regions as planting seasons approach, the UN's Food and Agriculture Organization said April 28. "The crop calendar is central to understanding the urgency of the fertilizer28 April 2026 18:38:56 GMTThales Schmidt ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041726-muted-reaction-in-fertilizer-markets-to-strait-of-hormuz-reopeningFertilizer market participants reacted with caution to the announcement by Iran's Foreign Minister April 17 that the Strait of Hormuz is now "completely open" for all commercial vessels. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already17 April 2026 15:42:29 GMTThomas WarnerMollie Gorman ]]>https://www.spglobal.com/ratings/en/regulatory/article/private-credit-and-middle-market-clo-quarterly-house-of-the-rising-spread-q2-2026-s101682817This report highlights the key themes for the U.S. private credit and middle-market collateralized loan obligation sectors in second-quarter 2026.28 April 2026 14:54:25 GMThttps://www.spglobal.com/ratings/en/regulatory/article/credit-faq-how-does-the-middle-east-war-affect-heathrows-credit-quality-s101679280This report does not constitute a rating action. Heathrow's direct and indirect exposure to the Middle East is the highest in our rated European airport portfolio. About 10% of Heathrow passengers traveled to or from the Middle East before the war, and the region accounts for more than 55% of the U.K.'s jet fuel imports. Even so, we think the headroom in Heathrow's credit metrics could help mitigate potential negative effects of the war and support the current rating, with funds from operations 28 April 2026 08:43:57 GMThttps://www.spglobal.com/ratings/en/regulatory/article/credit-trends-global-issuance-forecast-and-financing-conditions-q2-2026-expansion-still-expected-this-year-s101680346This report does not constitute a rating action. Chart 1 Table 1 Global issuance summary and forecast (Bil. $) Nonfinancials¶ Financial services Structured finance** U.S. public finance International public finance Annual total 2020 3,366.0 2,693.3 861.5 481.1 1,128.5 8,530.40 2021 3,000.7 3,155.8 1,308.2 477.9 1,203.5 9,146.10 2022 1,953.2 2,716.2 1,197.5 389.3 1,065.2 7,321.40 2023 2,250.8 2,794.0 1,088.7 383.7 1,214.5 7,731.70 2024 2,826.9 3,289.6 1,313.0 512.8 1,350.7 9,293.00 2025 3,345.5 27 April 2026 17:56:59 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042726-eu-ethanol-market-eyes-mercosur-inflows-as-quotas-near-e20-push-adds-upsideEuropean ethanol markets are bracing for the start of Mercosur import flows from May 1, with participants watching early quota uptake closely as policy momentum builds for higher blending rates within the EU. Under the EU's interim trade agreement with Mercosur countries, tariff-rate quotas for ethanol will come into effect at the border from May 1, opening preferential access to shipments into27 April 2026 16:29:28 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/042726-middle-east-war-hits-renewable-energy-supply-chains-directly-and-indirectlyThe war in the Middle East has continued to affect the energy sector, particularly oil and gas, but has also disrupted renewable energy supply chains. "You can't really separate the two anymore," Jon Powers, president of solar and battery storage developer CleanCapital, told Platts, part of S&P Global Energy. "It has been an oil- and gas-centric conversation, but you marry that to the demand ...27 April 2026 16:18:31 GMTKirsten ErrickAnthony Rizkala ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042726-global-biofuels-alliance-targets-saf-corridors-advances-methanol-for-marine-sectorThe Global Biofuels Alliance is in active negotiations with the governments across the world to establish a sustainable aviation fuel corridor linking global airports, a framework designed to drive SAF policy harmonization and standardization across jurisdictions and position India as a global aviation bunkering geography, GBA Director Joshua Wycliffe said at an industry event in New Delhi. "GBA27 April 2026 20:16:24 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042426-cbl-expands-into-saf-feedstocks-with-green-marine-majority-stakeCBL International has acquired a 50.5% majority stake in Green Marine Energy Holdings, marking its entry into sustainable aviation fuel feedstocks and broadening its exposure to biofuels across the marine and aviation value chains. The transaction, executed via CBL's wholly owned subsidiary under a share sale and purchase agreement, includes a corporate guarantee from the parent to secure payment24 April 2026 17:04:27 GMTSamyak Pandey ]]>https://www.spglobal.com/ratings/en/regulatory/article/sustainability-insights-chinas-energy-transition-renewable-sector-pivots-from-growth-to-efficiency-s101679257This report does not constitute a rating action. China's decades of investment in low-carbon energy are paying off. Nonfossil fuels account for about 40% of its power generation, providing buffers in this period of oil-price volatility. We believe that after an initial phase of overinvestment, the sector is moving toward greater cost discipline with more focus on profits. China's renewables sector has in many ways followed a pattern common to several capital-intensive industries, such as its ele27 April 2026 03:34:52 GMThttps://www.spglobal.com/ratings/en/regulatory/article/scenario-analysis-north-american-life-insurers-can-manage-private-credit-market-stress-if-one-occurs-s101678853This report does not constitute a rating action. Private credit has long been a staple of life insurers' investment strategies. In recent years, its share of insurers' portfolios has meaningfully grown, while at the same time expanding beyond the private placements that life insurers have traditionally managed into a variety of asset classes and structures that can be more complex and less transparent. This development--alongside the growing skepticism of private credit by the financial press, r27 April 2026 11:02:41 GMThttps://www.spglobal.com/energy/zh/news-research/latest-news/energy-transition/042026-india-may-delay-renewable-hydrogen-tenders-until-existing-projects-progress-official20 April 2026 07:40:33 GMTVipul Garghttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/042426-malaysian-solar-i-rec-demand-rises-on-afa-expectations-singapore-preferenceDemand for Malaysian solar International Renewable Energy Certificates has increased in recent weeks, supported by expectations of higher domestic power costs under the Automatic Fuel Adjustment mechanism and rising interest from Singapore-based buyers, market participants told Platts, part of S&P Global Energy, at the Renewable Energy Markets Asia 2026 event held April 21-22. A potentially higher24 April 2026 06:19:04 GMTAhmad afiq Muhammad zahirAlice Mason ]]>https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/042426-interview-middle-east-war-may-slow-green-logistics-near-term-but-speed-long-term-transition-dhlThe Middle East conflict may cause some companies to delay decarbonization efforts as freight costs, war-risk surcharges and transit disruptions mount, but it could ultimately accelerate a broader shift toward less dependence on fossil fuels, Niki Frank, CEO of DHL Global Forwarding Asia Pacific, said in an interview with Platts, part of S&P Global Energy. Some DHL customers are reassessing24 April 2026 08:19:33 GMTMia Pei ]]>https://www.spglobal.com/ratings/en/regulatory/article/systemic-risk-the-rise-of-the-nbfi-bank-nexus-is-now-the-top-risk-s101680220This report does not constitute a rating action. The past decade has seen solid growth in global financial assets outside the banking system. NBFIs grew 9.7% in 2024, to account for 51% of total financial assets (2023: 49%) in the major economies that report to the Financial Stability Board (FSB; chart 1). These economies generate about 88% of global GDP in aggregate. Chart 1 NBFIs represent a wide variety of subsectors (chart 2). Within this, the FSB’s narrow measure of NBFIs--those that are 23 April 2026 14:08:04 GMThttps://www.spglobal.com/ratings/en/regulatory/article/fuel-disruption-poses-downside-risk-for-europes-transport-infrastructure-s101680488This report does not constitute a rating action. Reduced fuel availability could affect Europe's transportation infrastructure if the Strait of Hormuz's effective closure endures. S&P Global Ratings' base case assumes the Middle East war's intensity will peak and the Strait of Hormuz's effective closure will ease during April, although some disruptions are likely to persist for months. However, if the conflict or the Strait's effective closure is prolonged, we view downside risks as increasing, 21 April 2026 18:54:11 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041526-europes-ammonia-imports-fall-in-q1-as-buyers-shun-us-product-under-cbamEuropean ammonia imports dipped and buyers steered clear of US product in the first quarter of the definitive phase of the EU's Carbon Border Adjustment Mechanism, ship tracking data compiled by Platts, part of S&P Global Energy, showed. According to the data, about 717,000 metric tons of seaborne ammonia were imported to the EU in Q1, compared to 787,000 mt in fourth-quarter 2025. The clearest15 April 2026 10:24:05 GMTMollie Gorman ]]>https://www.spglobal.com/ratings/en/regulatory/article/abs-frontiers-indias-securitization-and-private-credit-markets-primed-to-expand-s101670719This report does not constitute a rating action. India's securitization and private credit are attracting strong market interest, setting the stage for healthy expansion. We expect increased inquiries for these sectors over the next year. Securitization issuance increased about 5.1% year on year to Indian rupee (INR) 1.87 trillion (about US$21 billion) in the first nine months of fiscal 2026 (year ending March 31). Volumes have grown steadily over the past few years amid healthy expansion in ret05 March 2026 10:03:26 GMThttps://www.spglobal.com/ratings/en/regulatory/article/insurance-brief-eu-reinsurers-eye-private-credit-s101680435This report does not constitute a rating action. This reflects a broader trend toward portfolio diversification and yield enhancement. Certain segments--such as distressed debt, junior securitization tranches, and leveraged buyout debt funds--may carry higher risks than others. However, re/insurers' relatively low exposure to these segments limits their effect on investment portfolios' risk-return profiles. We will continue to monitor EU re/insurers' rising exposure to private credit, given its 23 April 2026 07:55:12 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/refined-products/042226-singapore-pushes-for-global-maritime-transition-with-mpa-unctad-tie-upSingapore's Maritime and Port Authority signed an agreement with the UN Conference on Trade and Development to support global maritime decarbonization and digitalization, both agencies announced April 22 during the Singapore Maritime Week 2026. The memorandum of understanding will combine UNCTAD's trade development mandate with Singapore's experience as a global hub port to advance the adoption of22 April 2026 07:24:47 GMTMia PeiSurabhi Sahu ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/030926-india-sets-co2-emissions-standards-for-renewable-ammonia-methanol-to-boost-tradeIndia has set emission standards for renewable ammonia and renewable methanol production, the government said March 7, marking a key step in developing its renewable hydrogen derivatives market to boost trade. The Ministry of New and Renewable Energy notified the greenhouse gas emission limits that producers must meet for their ammonia and methanol to be classified as "renewable," the ministry09 March 2026 04:10:20 GMTRuchira Singh ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/key-themes-shaping-north-america-2026Explore the 2026 North American economy, trade agreements, and North American geopolitics with actionable insights into navigating economic development.30 January 2026 16:27:00 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032726-ceraweek-in-the-case-for-clean-resources-energy-security-tops-energy-transitionClean hydrogen and ammonia backers are making the case that alternative fuels can lower nations' reliance on imports of fuel from the Middle East, as public and private climate goals fall by the wayside. Green and blue hydrogen are still touted as lower-emission substitutes to conventional "gray" hydrogen -- used in fertilizer production and refining -- and fossil fuels. But the corporate climate27 March 2026 21:00:59 GMTSiri Hedreen ]]>https://www.spglobal.com/ratings/en/regulatory/article/economic-research-europes-middle-east-dependencies-price-surges-precede-supply-chain-vulnerabilities-s101681922This report does not constitute a rating action. Europe is no stranger to energy supply shocks. Most recently, in 2022, the region was roiled by the sudden loss of Russian oil and gas imports following international sanctions responding to the Russia-Ukraine war. S&P Global Ratings considers that tensions in the Middle East, which are again disrupting Europe’s energy markets, are giving rise to risks to the broader economic landscape. Energy shocks are rarely a single blow; instead, they tend 23 April 2026 14:12:31 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/042226-california-rec-prices-continue-to-fall-as-data-centers-scaleCalifornia Renewable Energy Certificate prices have continued to soften, even as artificial intelligence and the rapid expansion of large-scale data centers drive clean energy procurement and might increase demand for renewable attributes in the state, market participants said, as occurred in other major US power markets such as the Electric Reliability Council of Texas and PJM. The intensifying22 April 2026 21:58:22 GMTJose Del angel ]]>https://www.spglobal.com/ratings/en/regulatory/article/sustainability-insights-climate-transition-trends-a-crude-reality-for-oil-and-gas-s101679275This report does not constitute a rating action. Most oil and gas companies globally are planning to reduce emissions from their own operations. Yet many of them still focus on activities that are incompatible with a low-carbon, climate-resilient future. S&P Global Ratings undertook Climate Transition Assessments on a sample of 81 oil and gas companies representing 50% of the world's listed oil and gas assets. Our Shades of Green represent our qualitative opinion of how consistent a company’s 21 April 2026 13:23:28 GMThttps://www.spglobal.com/ratings/en/regulatory/article/sustainability-insights-cbams-initial-impact-signals-divergent-prospects-for-companies-earnings-s101676323This report does not constitute a rating action. This is the first earnings season since CBAM began on Jan. 1, and its effects paint a nuanced picture. We have analyzed 52 earnings transcripts that have mentioned CBAM since the start of the year, looking at which companies globally have most actively discussed CBAM in the past quarter and what their primary areas of focus are. Here, we identify the main themes that companies—and industry analysts—are discussing as CBAM enters its definitive 21 April 2026 12:07:47 GMThttps://www.spglobal.com/ratings/en/regulatory/article/african-sovereign-ratings-assessing-exposures-to-the-middle-east-conflict-s101678356This report does not constitute a rating action. S&P Global Ratings' outlook for sovereign credit in Africa was positive at the outset of 2026 following two years of net improvements in regional ratings. The Middle East conflict has dampened this outlook by pushing Brent oil prices up by 50% in the year to date and raising refinancing costs. We now assume an average price of $85 per barrel for the rest of 2026 (see " S&P Global Ratings Raises WTI and Brent Price Assumptions Amid Uncertainty Foll23 April 2026 09:56:31 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/lng/042126-interview-germanys-skw-raises-fertilizer-production-despite-gas-price-riseEven as European natural gas prices remain elevated amid the persistent trade disruptions from the Iran war, fertilizer and chemicals producer SKW Stickstoffwerke Piesteritz, one of Germany's largest gas consumers, is operating "more or less" at full capacity for the first time in three years, CEO Petr Cingr told Platts in an interview April 21. "We can run at full speed and serve our customers in21 April 2026 17:13:38 GMTMatt Hoisch ]]>https://www.spglobal.com/ratings/en/regulatory/article/european-airlines-navigate-record-high-jet-fuel-prices-and-supply-constraints-s101680855This report does not constitute a rating action. Higher crude oil prices and an unprecedented increase in jet crack spreads--the gap between crude oil and jet fuel prices--have added further costs for a volatile industry already under margin pressure (see chart 1; please note that these forecasts are subject to change due to ongoing volatility). Previously, the Middle East supplied nearly half of Europe’s jet fuel imports, but the effective closure of the Strait of Hormuz and damage to regiona22 April 2026 14:07:34 GMThttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/042226-et-highlights-eu-esaf-carbon-markets-shipping-companies-captureEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.21 April 2026 20:05:00 GMTStaff https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042126-saf-investment-in-latin-america-constrained-by-costs-policy-gaps-alta-panelInvestment in sustainable aviation fuel in Latin America remains constrained by high costs, limited policy certainty, and a lack of long-term revenue visibility, according to panelists at the ALTA Fuel & Sustainability Conference. The region has strong structural advantages, including feedstock availability and growing aviation demand, but continues to face a gap between ambition and21 April 2026 18:29:01 GMTSofia Cabrera ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042126-indonesia-to-stop-diesel-imports-as-it-shifts-to-50-biodiesel-blend-ministerIndonesia will stop importing subsidized low-grade diesel fuel from July 1 as the government enforces its mandatory B50 biodiesel program, Agriculture Minister Andi Amran Sulaiman said April 19. "We will no longer import Solar starting July 1, when B50 takes effect. This is Indonesia's future energy because the source comes from palm oil," Amran told reporters at the Sepuluh Nopember Institute of21 April 2026 05:17:17 GMTAditya Kondalamahanty ]]>https://www.spglobal.com/energy/en/news-research/latest-news/shipping/042126-growing-push-for-revisions-adds-uncertainty-to-imo-green-bunker-rulesA growing number of countries are seeking to revise the International Maritime Organization's Net-Zero Framework during the latest round of negotiations, but critics said changing the previously approved rules will lead to further delays or put the regulation in jeopardy. Following technical meetings in London over April 20-24, the UN agency's member states are scheduled to hold the 84th session21 April 2026 12:25:03 GMTMax Lin ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/picture-this-polyester-problem-naphtha-shortageThe closure of the Strait of Hormuz is disrupting naphtha supplies from the Middle East, creating pricing pressures and potential shortages for human-made fabrics production.21 April 2026 16:45:00 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/hormuz-closure-project-logistics-supply-chainThe near-total closure of the Strait of Hormuz amid the war in the Middle East will haunt global breakbulk and project markets, experts say.24 April 2026 12:00:00 GMTCarly Fieldshttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/042026-india-may-delay-renewable-hydrogen-tenders-until-existing-projects-progress-officialIndian refineries and fertilizer companies may delay issuing new tenders for renewable, or "green," hydrogen and ammonia until existing awarded projects show progress, as concerns grow over execution, a senior official at the Ministry of New and Renewable Energy told Platts. Following the government's push to boost domestic demand under the National Green Hydrogen Mission, six hydrogen developers20 April 2026 07:40:33 GMTVipul Garg ]]>https://www.spglobal.com/ratings/en/regulatory/article/scenario-and-sensitivity-analysis-most-european-reits-should-cope-with-current-yield-volatility-s101680437This report does not constitute a rating action. The war in the Middle East has led to strong volatility in financial markets, and credit yields have risen again. Real estate investment trusts (REITs) are vulnerable to interest rates, given their capital-intensive nature and the sensitivity of their property valuations to sovereign bond yields. As a result, higher rates are denting REITs’ capacity to cover interest, sell assets, and maintain headroom under loan-to-value covenants. However, unl17 April 2026 15:51:00 GMThttps://www.spglobal.com/energy/zh/news-research/latest-news/energy-transition/041526-surrenders-rise-58-in-australias-safeguard-mechanism-for-2024-25-smc-use-up15 April 2026 09:36:24 GMTHimanshu Chauhanhttps://www.spglobal.com/ratings/en/regulatory/article/sustainability-insights-behind-the-shades-oil-and-gas-s101676585We apply our Shades of Green approach in the context of our SPOs on sustainable finance frameworks or transactions and in our Climate Transition Assessments (see " Analytical Approach: Climate Transition Assessments ,” May 29, 2025). An S&P Global Ratings Shade of Green (shade) represents our qualitative opinion on how consistent an economic activity or financial instrument is with a low-carbon, climate resilient future. In this report, we explain how we use our Shades of Green analytical appr16 April 2026 08:48:03 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/refined-products/041626-eu-esaf-projects-stall-as-price-forecasts-fall-and-rules-in-questionHigh capex, a steeply falling cost curve and uncertainty over EU mandates and offtake terms are delaying investment decisions, leaving dozens of synthetic sustainable aviation fuel (eSAF) projects without final approval. The eSAF or Power to Liquid cost curve sits very high today but has one of the steepest downward cost trajectories over time, Rahul Malik, a consultant at S&P Global Energy, said16 April 2026 15:06:15 GMTThomas Washington ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041626-boeing-norsk-e-fuel-expand-partnership-to-scale-e-saf-boost-europe-energy-resilienceUS aerospace company Boeing and Norsk e-Fuel have expanded their partnership to accelerate production of synthetic aviation fuels, with a focus on strengthening Europe's energy security and reducing reliance on imported fossil fuels. The collaboration builds on Boeing's 2025 investment in Norsk e-Fuel. It will move toward operational implementation, including generating real-world data on fuel16 April 2026 16:09:59 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041626-interview-war-and-energy-crisis-spur-eu-carbon-market-soul-searching-ieta-chiefGeopolitical shocks and an energy crisis spurred by the war in the Middle East are compelling European policymakers to reconsider how carbon pricing fits alongside energy security and industrial competitiveness, Dirk Forrister, president and CEO of the International Emissions Trading Association, said April 14. Speaking to Platts, part of S&P Global Energy, in an interview, Forrister explained how16 April 2026 09:58:35 GMTEklavya Gupte ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041426-european-fertilizer-industry-defends-channeling-cbam-funds-to-farmersIndustry group Fertilizers Europe has called for revenues from the EU's Carbon Border Adjustment Mechanism to be channeled directly to farmers and for a freeze of the EU Emissions Trading System free allocations until 2030, as the war in the Middle East ripples across markets, according to an April 14 press release. Fertilizers Europe defended a "robust implementation of CBAM" ahead of the14 April 2026 20:48:45 GMTThales Schmidt ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/us-imports-consumer-electronics-growth-threatenedImporters of consumer electronics affected by rising costs on US households in 2025 are facing dual threats to growth prospects in the year ahead.30 March 2026 12:00:00 GMTEric Johnsonhttps://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-41-building-better-businessesIn this episode of Private Markets 360°, we welcome Cathrin Petty, Managing Partner, Co-Head of North American Private Equity, and Global Head of Healthcare at CVC. With over three decades of experience across science, finance, and global investment, Cathrin shares her journey leading CVC’s €26 billion healthcare portfolio. She offers insights into CVC’s “think globally, act locally” strategy and lessons learned from building resilient healthcare businesses, highlighting the importanc16 April 2026 04:00:00 GMTChris SparenbergChristina Christinahttps://www.spglobal.com/ratings/en/regulatory/article/emerging-markets-monthly-highlights-energy-shock-tests-resilience-s101680544Energy prices have reemerged as a key inflation risk for emerging markets (EMs). Higher energy prices due to the Middle East war have pushed median EM inflation to a post‑2024 high, driven by housing and transport energy costs. Price controls eased impact in some countries last month, but persistent energy pressures risk broader second‑round effects.15 April 2026 18:18:55 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041526-petrobras-selects-honeywell-ethanol-to-jet-technology-for-saf-project-at-replan-refineryBrazil's Petrobras has selected Honeywell UOP's ethanol-to-jet (ETJ) process technology for a sustainable aviation fuel (SAF) project at its REPLAN refinery in São Paulo state, marking a potential first large-scale deployment of the pathway in Latin America. The project, located in Paulínia, remains subject to final approval but is expected to produce up to 10,000 barrels/day of SAF, positioning15 April 2026 18:44:48 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041526-surrenders-rise-58-in-australias-safeguard-mechanism-for-2024-25-smc-use-upAustralia's Safeguard Mechanism saw a sharp increase in credit surrenders for the 2024-25 compliance period, with total units surrendered rising 57.6% year over year to 13.4 million, according to Clean Energy Regulator data released April 15. The increase was driven by higher use of Australian Carbon Credit Units and Safeguard Mechanism Credits, as facilities adjusted to stricter baselines and a15 April 2026 09:36:24 GMTHimanshu Chauhan ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041526-interview-mexicos-new-carbon-market-must-move-carefully-to-build-confidenceSuccessfully implementing an emissions trading system in Mexico means more education and market engagement, an environmental regulations expert said, as the country's carbon market takes its first steps. Implementing an emissions trading system in Mexico in 2026 will require navigating complex legal frameworks and community governance to guarantee the program's success, Estuardo Anaya,15 April 2026 21:54:56 GMTDiana Castillo valerio ]]>https://www.spglobal.com/energy/en/news-research/podcasts/commodities-focus/041526-indias-solar-market-faces-export-hurdles-pivots-to-domestic-powerThe Indian solar market has grown considerably over the past decade as the country continues to invest in its module and cell manufacturing capacities. However, the recent imposition of additional duties by the country's largest export market -- the US -- has restricted India's export opportunities. In response, the Indian solar industry is increasingly redirecting its efforts towards the domestic15 April 2026 12:37:06 GMTLena Dias MartinsSrija Basu royAditya SarohaStaff ]]>https://www.spglobal.com/energy/en/news-research/blog/energy-transition/041526-et-highlights-virginia-rggi-brussels-cbam-ammonia-gas-turbine-malaysiaEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.14 April 2026 20:05:00 GMTStaff https://www.spglobal.com/ratings/en/regulatory/article/credit-faq-how-sustained-high-oil-prices-weigh-on-consumer-products-retail-and-restaurants-s101678220This report does not constitute a rating action. Persistent high oil prices amid the war in the Middle East will fuel broader inflation and pressure consumer spending. As S&P Global Ratings continues to monitor the impact, our economists forecast 2.2% GDP growth for the U.S. in 2026, followed by an average of 1.9% in 2027-2029, incorporating a temporary, supply-driven oil shock that recovers this year . High oil prices have hurt profitability for certain consumer products and retailer issuers in02 April 2026 18:42:25 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/shipping/041526-infographic-electrification-strengthens-chinas-shield-from-middle-east-oil-lng-shocksChina faces disruptions to oil and LNG supplies originating from the Middle East. Nevertheless, the country is increasingly able to withstand supply shocks caused by transit interruptions in the Strait of Hormuz due to greater electrification, substantial crude oil reserves, expanding wind and solar power generation, available coal capacity and growing domestic gas production.15 April 2026 08:22:38 GMTStaff ]]>https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/041426-eu-to-stick-to-saf-mandates-resists-industry-calls-for-changeThe European Commission is doubling down on its current sustainable aviation fuel trajectory under ReFuelEU Aviation, signaling it will evaluate -- rather than rewrite -- the rules in 2027 despite mounting airline and energy-industry pressure over cost and implementation friction. The commission will not alter its ReFuelEU Aviation framework during next year's scheduled evaluation, which will14 April 2026 14:13:57 GMTThomas Washington ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041426-cdr-buying-not-ended-removals-one-piece-of-decarbonization-microsoftMicrosoft has clarified that it has not ended its carbon removal program, but has instead adjusted the pace of its procurement as part of a 'disciplined approach,' the company's Chief Sustainability Officer Melanie Nakagawa told exclusively to Platts, part of S&P Global Energy, in an email April 14. The company said its decarbonization strategy continues to combine emissions reduction, carbon14 April 2026 06:50:02 GMTMimansa VermaAgamoni GhoshEklavya Gupte ]]>https://www.spglobal.com/ratings/en/regulatory/article/middle-east-war-rating-action-tracker-as-of-april-10-2026-s101678243This report does not constitute a rating action. S&P Global Ratings is publishing a weekly update summarizing the rating actions we have taken globally due to the credit implications from the Middle East war. These are public issuer ratings in which the Middle East conflict was identified as the primary driver of the action. The update covers issuer credit ratings in the nonfinancial and financial corporate and sovereign sectors. Rating actions include upgrades, downgrades, outlook revisions, an14 April 2026 19:50:13 GMThttps://www.spglobal.com/ratings/en/regulatory/article/uk-social-housing-brief-the-middle-east-war-weighs-only-modestly-on-financial-recovery-s101678593This report does not constitute a rating action. Higher inflation and interest rates in the U.K. (AA/Stable/A-1+; unsolicited) because of the Middle East war may add modest pressure to the financial metrics of U.K. social housing providers (SHPs). That said, even if a severe oil price shock emerges, we anticipate only a marginal weakening in financial performance and interest coverage. Under this scenario, recovery will continue sectorwide, albeit at a slower pace. Our base case now assumes the 02 April 2026 16:29:37 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041326-ec-plans-to-consult-states-shortly-on-updated-eu-ets-benchmarksThe European Commission will consult member states "shortly" on updated benchmarks for free carbon permit allocations under the EU Emissions Trading System, EC President Ursula von der Leyen said April 13, as industries anxiously await clarity on how many free allowances they will receive through 2030. The announcement, made during a speech on the impact of the Middle East conflict on the EU,13 April 2026 18:59:51 GMTEklavya Gupte ]]>https://www.spglobal.com/ratings/en/regulatory/article/issuer-ranking-north-american-electric-gas-and-water-regulated-utilities-strongest-to-weakest-s101675690This report does not constitute a rating action. The following list ranks North American regulated utility companies by the rating, outlook, stand-alone credit profile (SACP), and business and financial risk profile assessment. S&P Global Ratings ranks investment-grade companies (rated 'BBB-' or higher) with the same rating and outlook first by the SACP, then the business risk profile, and then the financial risk profile. Speculative-grade companies (those rated 'BB+' or lower) with the same rat30 March 2026 15:47:26 GMThttps://www.spglobal.com/ratings/en/regulatory/article/contractual-cash-flow-protection-supports-abu-dhabi-linked-utilities-projects-amid-war-s101679641This report does not constitute a rating action. Amid heightened geopolitical tensions in the Middle East and incidents affecting critical infrastructure assets, S&P Global Ratings believes Abu Dhabi-linked water and power projects--including independent water and power producers and solar photovoltaic--benefit from strong structural protections that support their credit resilience, even under potential disruption scenarios. The four projects we rate-- Ruwais Power Co. PJSC , Emirates Sembcorp W14 April 2026 11:42:26 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/060324-interactive-platts-global-bunker-fuel-cost-calculatorThe Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends and conventional oil-based fuels can be used to calculate the cost of marine fuels around the world, taking into account the EU Emissions Trading System and adjusted for energy density to put them on an equal footing.24 March 2026 13:30:00 GMTMax LinRowan Staden-CoatsAbhishek AnupamSophie ByronEsther NgMegan GildeaSantiago Canel Soriahttps://www.spglobal.com/ratings/en/regulatory/article/sector-review-the-key-role-of-debt-markets-in-funding-the-european-nuclear-renaissance-s101676130This report does not constitute a rating action. Many European countries are repositioning nuclear power as a strategic pillar for decarbonization and energy security. After years of hesitation and phase-out debates, several governments and the European Commission (EC) now regard nuclear as an essential complement to renewables in a net-zero power system. However, turning this political shift into projects will be as much a financing challenge as an industrial one. Nuclear plants are extremely c30 March 2026 13:32:19 GMThttps://www.spglobal.com/ratings/en/regulatory/article/industry-report-card-the-middle-east-war-could-test-sukuk-legal-contracts-s101679042This report does not constitute a rating action. Sukuk market issuance has not yet been significantly affected by the Middle East war. Total issuance reached $62.4 billion in first-quarter 2026 compared with $52.6 billion in first-quarter 2025. This increase included an uptick in foreign currency-denominated sukuk, which reached almost 20% over the same period. In GCC countries S&P Global Ratings observed a slight increase in overall issuances, though there was a decline in those denominated in 14 April 2026 06:44:02 GMThttps://www.spglobal.com/ratings/en/regulatory/article/mexicos-electricity-sector-eyes-private-sector-investment-s101674456This report does not constitute a rating action. The Mexican government has recently published guidelines for private sector, in collaboration with the state-owned utility Comisión Federal de Electricidad (CFE; foreign currency: BBB/Stable/--, local currency: BBB+/Stable/--), to participate in the power sector. The guidelines are primarily for electricity generation, and the following are key features: Project structure: Investments will be channeled through special purpose vehicles or entities13 April 2026 17:48:11 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041326-xcf-global-and-bgn-sign-saf-tolling-partnership-in-us-aim-to-scale-supplyXCF Global has signed a binding term sheet with BGN INT US to develop a renewable fuels tolling and distribution partnership, as the companies position to scale sustainable aviation fuel supply amid tightening global energy markets and rising demand. The proposed framework centers on a tolling arrangement at XCF's New Rise Renewables Reno facility in Nevada, with potential expansion to additional13 April 2026 19:36:57 GMTSamyak Pandey ]]>https://www.spglobal.com/ratings/en/regulatory/article/korean-institutional-investors-edge-further-into-global-private-credit-s101676511This report does not constitute a rating action. Major Korean institutional investors will cautiously increase their private credit investment abroad. This reflects limited opportunity domestically and efforts to diversify portfolios. S&P Global Ratings estimates the country's pension funds, its sovereign wealth fund, mutual aid associations, and insurers are managing a total US$45 billion-US$50 billion in private credit. Korea's credit market is already well served by a diverse set of financial09 April 2026 02:18:57 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/electric-power/040926-washington-declares-statewide-drought-emergency-snowpack-half-of-normalWashington has declared a statewide drought emergency, driving up wholesale spot power prices, after starting April with roughly half of its normal snowpack. A warm winter left Washington mountains bare, leading to projections that water supplies will fall short of the state's summer demand, the Washington Department of Ecology announced April 8. This is the fourth statewide drought emergency09 April 2026 19:51:20 GMTKassia Micek ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/041026-cathay-pacific-saf-volumes-surge-in-2025-but-remain-below-1-of-total-fuel-useCathay Pacific Airways used 36,242 metric tons of sustainable aviation fuel in 2025, a near-fivefold increase from the prior year, but the Hong Kong-based carrier said SAF still accounts for less than 1% of global commercial jet fuel consumption, underscoring the pace of supply build-up needed to meet the aviation industry's net-zero 2050 target, according to its Sustainability Report 202510 April 2026 12:18:25 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/lng/040926-ec-eyeing-country-level-standard-for-eu-methane-regulationThe European Commission is closing in on recommendations for compliance and penalties under the European Union's methane emissions regulation amid sustained frustration from market participants ahead of a 2027 regulatory deadline when tighter legal requirements begin, the EU's director-general for energy, Ditte Juul Jorgensen, said April 9 at the Eurogas Methane Emissions Conference in Brussels.09 April 2026 15:14:45 GMTMatt Hoisch ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/041026-european-carbon-prices-hover-near-eur73mt-as-policy-jitters-easeEuropean carbon prices increased slightly in the week ended April 10, following news of a ceasefire in the Middle East. However, prices also came under brief pressure from provisional estimates showing only a slight decline in total CO2 emissions under the EU Emissions Trading System in 2025. EU Allowances were trading at Eur72.85/metric ton of CO2 equivalent ($85.46/mtCO2e) at 1408 GMT on April10 April 2026 14:56:36 GMTEklavya Gupte ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/040726-us-eia-trims-2026-us-spot-gas-price-forecasts-on-near-average-storage-expectationThe US Energy Information Administration on April 7 again trimmed its natural gas spot price forecast for the second and third quarters of 2026, saying that it expects Henry Hub prices to remain closely aligned to the year-ago quarters, with inventories remaining near average. The agency, in its April Short-Term Energy Outlook, forecast that Q2 Henry Hub spot gas prices will average $3.01/million07 April 2026 21:33:09 GMTRonnie TurnerMaya Weber ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040726-interview-hourly-matching-as-a-key-mechanism-for-long-term-energy-security-says-renewabl-ceoThe need to transition toward more traceable and localized renewable energy sources is becoming increasingly apparent, with the Middle East conflict further highlighting this need, JP Cerda, CEO of Renewabl, told Platts, part of S&P Global Energy, in a recent interview. "The Middle East conflict has raised issues of sovereignty and energy security, which hourly matching and Energy Attribute07 April 2026 15:53:24 GMTJuliet Stevenson BrownAlice MasonToby Lambert ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040726-brussels-confirms-first-cbam-certificate-price-for-q1-2026-at-eur7536mtco2eThe first quarterly price for the EU's Carbon Border Adjustment Mechanism certificates was set at Eur75.36/metric tons of CO2 equivalent, establishing the carbon cost that importers will face for goods brought into the EU during Q1 2026, the European Commission said April 7. The price reflects the average closing price of EU Emissions Trading System allowances auctioned during January-March 202607 April 2026 13:15:49 GMTEklavya Gupte ]]>https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/033126-feature-low-gas-storage-lng-disruption-to-test-european-resilience-in-q2As the Middle East war bleeds into a second month, unprecedented disruptions to global LNG supply, low gas storage levels, and geopolitical uncertainty have primed the European gas market for a potentially tumultuous second quarter. The conflict continues to choke transit through the Strait of Hormuz, cutting off roughly 20% of the world's LNG supply from international buyers. Even if fighting31 March 2026 10:24:22 GMTAndreas FrankeEklavya GupteMatt Hoisch ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/040926-infiniums-project-atlas-wins-saba-next-generation-saf-procurementUS based e-fuels producer Infinium has secured a major offtake award for its Project Atlas development after being selected by the Sustainable Aviation Buyers Alliance under its next-generation sustainable aviation fuel procurement program. The project will supply SAF certificates (SAFc) to SABA's corporate buyers, marking a key step in advancing next-generation fuel pathways and unlocking09 April 2026 14:57:57 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/032626-ceraweek-natural-gas-industry-sees-narrow-window-for-us-permitting-reformNatural gas industry groups expressed optimism that US permitting reform legislation could be passed in the coming months, but stressed there is a narrow window for progress. "I'm actually bullish on it, I think we are going to see it," Marty Durbin, president of the US Chamber of Commerce's Global Energy Institute, said on the sidelines of CERAWEEK by S&P Global on March 25. "I'm not betting the26 March 2026 22:16:27 GMTKillian StainesZack Hale ]]>https://www.spglobal.com/energy/en/news-research/blog/electric-power/040926-ceraweek-2026-power-systems-emerge-as-an-energy-security-priorityEnergy security has shifted from a competitive advantage to a critical requirement as CERAWeek 2026 revealed a fundamental transformation in global power systems.09 April 2026 12:35:49 GMTPatrick Luckow ]]>https://www.spglobal.com/ratings/en/regulatory/article/middle-east-conflict-gcc-downstream-sectors-brace-for-broader-impact-s101678714This report does not constitute a rating action. The war in the Middle East has led to limited shipping activity passing through the Strait of Hormuz since the end of February. Some export-oriented chemical plants in the Persian Gulf have also announced closures. Because about 20% of global crude flow and about 20% of global liquefied natural gas (LNG) passes through the Strait daily, the disruption has directly affected oil and gas flows worldwide. In our view, the prolonged closure will also d09 April 2026 06:19:36 GMThttps://www.spglobal.com/ratings/en/regulatory/article/asiapacifics-energy-flows-and-gaps-in-10-charts-s101678160This report does not constitute a rating action. Asia-Pacific faces a growing energy shock that reserves can only partly absorb. Heavy reliance on Middle East imports and tight regional linkages are amplifying risks. Disruptions in crude and refined fuels could hit manufacturing and trade hard. End-user prices will likely climb, compounding inflationary pressures. Weaker currencies and high costs will fuel higher inflation, strain growth, and force difficult policy trade-offs across unevenly exp09 April 2026 01:41:54 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040826-brazil-renewables-market-divided-about-ghg-protocol-updateRevising the global Greenhouse Gas protocol to require the matching of hourly energy consumption and generation has divided generators and consumers in Brazil, with some believing such a change could hamper the country's renewables market. The proposed stricter rule is causing concern among those in the Brazilian energy sector who fear it could reduce adherence to emission standards and trading of08 April 2026 21:21:58 GMTFelipe PeroniBeatriz Baltieri ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040826-japans-gx-ets-mandatory-phase-begins-demand-muted-as-companies-await-allocation-clarityOne week after Japan's Green Transformation Emissions Trading Scheme (GX-ETS) entered its mandatory phase, trading activity in J-Credits and Joint Crediting Mechanism units remains absent -- particularly on the exchange -- as covered entities continue to delay compliance positioning amid ongoing uncertainty over free allowance allocations and banking rules. Mandatory in name, transitional in08 April 2026 05:08:11 GMTAliana zulaika Yeong ]]>https://www.spglobal.com/ratings/en/regulatory/article/industry-credit-outlook-gcc-central-banks-relief-measures-will-help-banks-navigate-the-current-turbulence-s101675849This report does not constitute a rating action. S&P Global Ratings expects the war's intensity will peak and the Strait of Hormuz's effective closure will ease during April, but some disruptions are likely to persist for months. Within this context and considering the potential implications of the operating environment on banks' liquidity and asset quality, three regional central banks announced measures to help their banking systems cope, focusing primarily on banks' liquidity, capitalization,08 April 2026 17:12:14 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/us-power-renewables-ma-asset-valuationElevated M&A activity in US power and renewables is reshaping asset valuations. Learn how buyers are assessing gas and renewable assets—and how Power Evaluator supports deal analysis.07 April 2026 06:30:00 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/oil-price-shocks-are-testing-resilience-across-methodologies-among-sp-smallcap-600-indicesThe war in the Middle East and the subsequent surge in oil prices have been key drivers of volatility across U.S equity segments as inflation expectations risk de-anchoring. 09 April 2026 06:30:00 GMTPatricia Medinahttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/040826-et-highlights-political-europe-carbon-policy-hydrogen-us-biochar-market-water-scarcityEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.07 April 2026 20:05:00 GMTStaff https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/040726-tokyo-to-expand-subsidy-program-for-domestic-saf-producersThe Tokyo Metropolitan Government will expand its subsidy program for regional producers of domestic sustainable aviation fuel to increase the supply and refueling opportunities of domestic SAF at Haneda Airport in Tokyo, the Tokyo government said on its website on April 6. The program financially supports producers in Tokyo by up to Yen 100/liter ($0.63/l) for the price difference between07 April 2026 10:07:37 GMTAkihiro Gotoda ]]>