Tuesday, February 10 2026 Climate Solutions Update

The European Investment Bank (EIB) has launched a €3 billion facility to support the decarbonization of buildings and road transport, which includes initiatives to prepare for a new emissions trading system. This funding is designed to benefit low- and middle-income households by promoting cleaner heating, cooling options, and expanding e-mobility schemes alongside electric vehicle adoption, which also entails deploying necessary recharging infrastructure. Additionally, the EU has introduced the IF25 Heat Auction to enhance the production of electrified and direct-renewable heat.

In Australia, New South Wales has awarded long-term energy service agreements for six battery energy storage projects, increasing the state’s contracted storage capacity from 12 GWh to 30 GWh, aligned with its objectives to replace coal-fired power stations with renewable energy sources by 2030. Meanwhile, Adani Energy Solutions has secured funding from Japanese banks for a 950km high-voltage direct current (HVDC) transmission project in India, which will transport renewable energy with an evacuation capacity of 6,000MW by 2029, thereby reinforcing financial and industrial ties between India and Japan.

In New Zealand, the Kapuni green hydrogen project is advancing with the installation of four 6.4 MW wind turbines in Taranaki, aimed at creating a national hydrogen refueling network. Each of these initiatives represents significant steps towards achieving sustainable energy solutions, though specific actions or agreements reflecting enhanced international cooperation remain unspecified.

The EU’s €3 billion investment will enhance energy efficiency as it supports cleaner heating and electric vehicle adoption, benefiting low- and middle-income households across the region.
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New South Wales is advancing its renewable energy goals by awarding contracts for 12 GWh of long-duration storage, enhancing grid stability and reducing reliance on fossil fuels.
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In Australia, Neara is enhancing grid management by raising $90 million to expand AI solutions, crucial for meeting the demands of renewable energy and data centers.
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In California, the rise of electric vehicles is significantly improving air quality as EV adoption lowers nitrous oxide levels, leading to substantial health benefits nationwide.
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In India, Adani Energy Solutions is advancing renewable energy access as Japanese funding supports a 950km green energy corridor, enhancing grid stability and integrating clean power into urban areas.
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In the Philippines and India, Altitude is advancing climate solutions by partnering with Alcom for over 360,000 tonnes of carbon removals, enhancing local economies and promoting sustainable practices.
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Through Terra.do’s Climate Change: Learning for Action fellowship, participants are gaining essential skills as they transition into impactful climate roles, addressing global heating and promoting justice in their communities.
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In Taranaki, New Zealand, the Kapuni project advances clean energy as Vestas secures an order for wind turbines, enabling a green hydrogen refuelling network and supporting the national grid.
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Places mentioned in this update: California, China, India, Japan, New South Wales, New Zealand, Philippines, Rajasthan, Taranaki, US