The Energy Transition highlights for the week cover various aspects of the industry. California witnessed a slight rebound in carbon allowance prices after a continuous decline, attributed to regulatory changes and oversupply in the market. Meanwhile, China announced plans to test decarbonization technologies, and the UK emphasized the need for reforms to boost their Emissions Trading Scheme. Norwegian company Nel projects substantial growth in global electrolyzer capacity, crucial for the green hydrogen market. In California and Brazil, significant investments totaling $12.6 billion and a new regulatory framework respectively highlight the shift towards a hydrogen-based economy. Fortescue remains dedicated to renewable hydrogen post-restructuring, showcasing continued commitment to clean energy initiatives.