The European Commission is advancing plans to extend its Emissions Trading System to all departing international flights, regardless of destination. This move aims to close carbon pricing gaps in the aviation sector and could significantly increase EU revenues, though it faces opposition from the United States. In the renewables sector, geothermal developer Fervo Energy saw a strong trading debut after raising $1.89 billion in its IPO. The company is targeting the high power demands of data centers and plans to launch its first commercial station in Utah by late 2026.
