Climate Tech Newsletter: June 23, 2025

Climate Tech Newsletter: June 23, 2025

Welcome to last week’s edition of the CBKNY’s Weekly News Highlights. Explore the latest policies, innovations, and market trends driving the future of climate tech.

🌱 Climate Tech Insights

Trump’s proposed tax bill threatens to drive clean hydrogen investors out of the U.S. by cutting key incentives, raising fears of a stalled energy transition. Meanwhile, the EU’s retreat from its 2040 climate target amid political pressure highlights growing tensions between economic priorities and climate commitments, casting doubt on global leadership in long-term decarbonization efforts.

1. Electric vehicle battery plants boom across US in clean manufacturing push
   June 19, 2025 – The Washington Post

2. The US is struggling to quit coal
   June 19, 2025 – MIT Technology Review

3. Renewable energy remains cheapest power as new gas plants get pricier
   June 16, 2025 – Reuters

4. EDPR sticking to US plans despite tax credit cuts
   June 17, 2025 – Reuters

5. Trump tax bill risks exodus of clean hydrogen investment
   June 17, 2025 – Reuters

6. SEC withdraws proposed ESG disclosures, shareholder submissions rules
   June 16, 2025 – ESG Dive

7. Why the EU is about to cripple its next climate target
   June 16, 2025 – E&E News

8. Trump to attend Pennsylvania senator’s energy summit
   June 16, 2025 – E&E News

9. 22 climate activists request emergency injunction to stop Trump EOs
   June 16, 2025 – E&E News

10. Canada’s cleantech sector in survival mode amid Trump trade war
    June 16, 2025 – Corporate Knights

11. Solar power is transforming Pakistan
    June 16, 2025 – Cipher News

12. The rooftop solar crash is real, and a Republican bill could make it worse
    June 20, 2025 – Canary Media

13. California offshore wind dreams take a hit from Trump administration
    June 17, 2025 – Canary Media

14. Senate budget bill would kill key US battery tax credits
    June 19, 2025 – Canary Media

15. US Spending on Climate Damage Nears $1 Trillion Per Year
    June 17, 2025 – Bloomberg

16. 850 Stakeholders Commented on SBTi’s New Net-Zero Standard. What’s Next?
    June 17, 2025 – Trellis

17. xAI is Facing a Lawsuit for Operating Over 400 MW of Gas Turbines Without Permits
    June 18, 2025 – TechCrunch

18. Finland Warms Up the World’s Largest Sand Battery — and the Economics Look Appealing
    June 18, 2025 – TechCrunch

19. Fusion Fever: Europe’s Startups Race to Power the Future
    June 19, 2025 – Sifted

20. Banks Continue to Back Fossil Fuel Industry, Study Finds
    June 17, 2025 – Inside Climate News

21. Norway Launches World’s First Full-Scale Carbon Capture and Storage Value Chain
    June 18, 2025 – ESG News

22. Innovation Fund Denmark Sees Climate Opportunities in Space, Quantum Tech
    June 18, 2025 – Climate Insider

23. SolarBank’s 2.4 MW Community Solar Project in Nova Scotia Sparks Buzz — Are Solar Stocks Rebounding?
    June 17, 2025 – Carbon Credits

24. Saudi Arabia’s Carbon Ambition: NEOM’s ENOWA and VCM Ink 30M Tonnes Carbon Credit Deal
    June 16, 2025 – Carbon Credits

25. ECB Tilts Green: 38% Cut in Portfolio Emissions, Adds Nature Risk to Climate Disclosures
    June 19, 2025 – Carbon Credits

26. $80B Surge in Carbon Capture Investments by 2030
    June 12, 2025 – Carbon Credits

27. Japan and UK to Sign Memorandum for Nuclear Fusion Collaboration
    June 16, 2025 – Nikkei Asia