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Nippon Steel to Invest $6 Billion in Electric Furnaces to Cut Emissions
As reported by the Business World and Reuters, Nippon Steel corporation from Japan has planned to invest ¥870 billion (around $6.05 billion) in decarbonization efforts. The investment aims to focus on the installation of electric arc furnaces. The installation will be done at three of its domestic plants. The plan...
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India Q4 GDP Data Due Today: Can Growth Breach 7%?
India’s Q4 FY25 Gross Domestic Product (GDP) data will be released today at 4 PM, with economists closely watching for signs of economic acceleration. The fourth-quarter figures are expected to reflect a stronger performance on the back of robust agricultural output and a rebound in services. In the previous quarter...
Verra and Hedera Foundation Partner to Digitize Global Carbon Markets
Verra, a prominent standards setter for the voluntary carbon market, has announced a pioneering partnership with the Hedera Foundation to drive the digital transformation of carbon markets globally, as reported by Carbon Herald. This collaboration introduces a new era of efficiency, transparency, and speed in the carbon credit sector, facilitated...
Toyota Boshoku America Celebrates Completion of 5.7-Megawatt Solar Project with Onyx Renewables
Toyota Boshoku America (TBA), Onyx Renewables, and key project partners came together today for the ribbon-cutting ceremony marking the completion of a groundbreaking 5.7-megawatt solar project designed to power TBA's Lawrenceville manufacturing facility with clean, affordable energy. This solar installation, which fulfills 85% of the facility's electricity needs, is a...
African Development Bank plans on launching Carbon Credit Support Facility to Enhance Climate Finance
African Development Bank (AfDB) has announced the launch of Africa Carbon Support Facility as reported by Reuters. The announcement aims to boost carbon markets across the continent. The plan is to get more and more financial resources for Africa. It is said that Africa as a region is being hit...
NLC India Limited Wins Strategic Mineral Blocks in Chhattisgarh
NLC India Limited, which is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, Government of India, reached a milestone when they emerged as the bidders for the mineral blocks named Raipura and Semhardih. They won the tender in the Tranche V auction conducted recently by the...
IFC and Grupo Equatorial Form Strategic Alliance to Upgrade Brazil's Power Grid
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a significant strategic alliance with Brazil's Grupo Equatorial to enhance Brazil's power distribution system, increase system reliability, and finance the country's green transition as the country witnesses increasing energy demand. Under the deal, IFC will offer...
India Q4 GDP Data Due Today: Can Growth Breach 7%?
India’s Q4 FY25 Gross Domestic Product (GDP) data will be released today at 4 PM, with economists closely watching for signs of economic acceleration. The fourth-quarter figures are expected to reflect a stronger performance on the back of robust agricultural output and a rebound in services. In the previous quarter...
Catalyze Secures $85 Million Tax Equity Financing from RBC to Fund 75MW of Solar Projects
Catalyze, an integrated developer and Independent Power Producer (IPP) of distributed renewable energy properties, has obtained an $85 million tax equity investment from RBC Community Investments. The financing will be used to construct and commission around 75 megawatts (MW) of commercial and industrial (C&I) and community solar projects throughout the...
Coal India Plans Major Expansion of Thermal Power Plants
Coal India, the largest coal producer in the nation, has announced plans to establish new thermal power plants in order to cope with increased electricity demand. This expansion includes major projects positioned in Madhya Pradesh and Odisha and is set to be completed by 2030. In Madhya Pradesh, the firm...
NextDecade Secures 20-Year, 2.0 MTPA LNG Offtake Deal with JERA for Rio Grande Train 5
NextDecade Corporation has announced the execution of a significant 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with JERA, Japan’s largest power generator. The agreement secures 2.0 million tons per annum (MTPA) of LNG from Train 5 at the Rio Grande LNG Facility. Terms of the Agreement As...
IFC Partners with Santander Chile for $100 Million Green Building Loan
International Finance Corporation (IFC), a member of the World Bank Group, has announced a $100 million loan to Santander Chile to speed up the construction of green building projects. This project marks IFC's first green loan in Chile exclusively for green construction and the first-ever green financing provided by IFC...
Blastr Green Steel Secures Funding for Ultra-Low CO2 Steel Plant in Finland
Blastr Green Steel (Blastr) announced closing of its second strategic partner financing round, securing critical funding to advance its European integrated ultra-low CO2 steel value chain. The investment will support the development of its flagship steel plant in Inkoo, Finland, a key milestone in B
White House Dismisses Rumours of Executive Action Targeting Climate Nonprofits
Climate focused nonprofits can breathe easier for now. According to a Reuters report, the White House has no plans to strip their tax-exempt status. This assurance comes as advocacy groups brace for potential executive actions linked to environmental regulations. Climate Organizations Prepare for Potential Policy Changes Last week, the American...
EU Considers Easing Methane Rules for US LNG to Avoid Trade Rift
The European Union is considering ways to allow US liquefied natural gas (LNG) exporters to meet its new methane emissions regulations more easily, in an effort to ease trade tensions with US President Donald Trump and potentially prevent retaliatory tariffs, as reported by Reuters. The move is part of a...
Trump Budget Proposal Targets NOAA Cuts, Climate Research and Fisheries Protections
The Trump administration is planning to make cuts to the National Oceanic and Atmospheric Administration (NOAA), according to a draft budget. The plan will reduce NOAA’s fudning by $1.67 billion. This amount represents about 27% of its current budget. This cut to the budget could severely impact and reshape the...
Trump Administration to End Climate Assessment Contract
The Trump administration plans to end its contract with global advisory firm ICF, which plays a key role in producing the National Climate Assessment (NCA). The NCA is a comprehensive report published every five years that assesses how climate change impacts the United States. The administration’s decision to scrap this...
TotalEnergies & RGE Secure Licence for 1GW Renewable Power Import to Singapore
TotalEnergies, in partnership with RGE, has been granted a conditional licence by Singapore's Energy Market Authority (EMA) for their joint venture, Singa Renewables, to import 1 GW of renewable power from Indonesia to Singapore. This marks a significant step toward the region's energy transition and the decarbonization of local industries....
Toyota Boshoku America Celebrates Completion of 5.7-Megawatt Solar Project with Onyx Renewables
Toyota Boshoku America (TBA), Onyx Renewables, and key project partners came together today for the ribbon-cutting ceremony marking the completion of a groundbreaking 5.7-megawatt solar project designed to power TBA's Lawrenceville manufacturing facility with clean, affordable energy. This solar installation, which fulfills 85% of the facility's electricity needs, is a...
Ethanol Emerges as Key Pillar in India’s Clean Energy Push
Ethanol is rapidly emerging as a cornerstone of India’s clean energy transition, with a significant boost in ethanol blending percentages and new developments in sustainable aviation fuel (SAF). The country's ethanol blending rate reached 18.4% by March 2025, up from 14.6% in 2024, inching toward the national target of 20%....
UN Launches Ocean Investment Protocol to Accelerate Sustainable Blue Economy
The United Nations Global Compact and UNEP Finance Initiative have jointly launched the Ocean Investment Protocol, a new roadmap to guide global finance toward building a Sustainable Ocean Economy. The protocol aims to mobilize public and private investments in sectors such as shipping, renewable energy, sustainable seafood, and climate-resilient infrastructure,...
Verra and Hedera Foundation Partner to Digitize Global Carbon Markets
Verra, a prominent standards setter for the voluntary carbon market, has announced a pioneering partnership with the Hedera Foundation to drive the digital transformation of carbon markets globally, as reported by Carbon Herald. This collaboration introduces a new era of efficiency, transparency, and speed in the carbon credit sector, facilitated...
African Development Bank plans on launching Carbon Credit Support Facility to Enhance Climate Finance
African Development Bank (AfDB) has announced the launch of Africa Carbon Support Facility as reported by Reuters. The announcement aims to boost carbon markets across the continent. The plan is to get more and more financial resources for Africa. It is said that Africa as a region is being hit...
UK and Eni to Approve CO₂ Pipeline Linking Liverpool and Manchester
The British government, in partnership with Italian energy firm Eni, will give approval for a 38-mile pipeline intended to carry carbon dioxide from industrial facilities in Liverpool and Manchester to offshore storage facilities, the Financial Times reported. The announcement is likely to be made during the current energy security summit...
HYCO1 and Malaysia LNG Sign Landmark Deal to Transform CO₂ into Clean Syngas at Scale
In a significant step toward industrial decarbonization, HYCO1, Inc. and Malaysia LNG Sdn. Bhd. (MLNG), a PETRONAS subsidiary, have entered into a Memorandum of Understanding (MOU) to establish one of the largest carbon utilization initiatives globally. The project, based in Bintulu, Sarawak, will utilize HYCO1’s proprietary CUBE™ Technology to transform...