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Pooja Kesavan

629 Articles

Pooja Kesavan reports on sustainable finance, corporates and climate issues, among many other categories, at Sustainability Economics News. She has previously worked as a digital journalist for Reuters and Gulf News. Her interests include nature reporting, environment, and international policies.

Hot weather inflamed by carbon pollution killed nearly 50,00...

A study by Nature Medicine reveals that carbon pollution-driven heat waves resulted in nearly 50,000 deaths across Europe last year, with...

130 days ago

2 min read

Donald Trump mocks climate change, says it’ll lead to ...

Republican presidential candidate Donald Trump interviewed billionaire Elon Musk for two hours on Musk’s social media platform X on...

130 days ago

2 min read

Sweden eyes $38 billion nuclear power expansion with governm...

Sweden plans to expand nuclear power to fight climate change, which will cost about 400 billion crowns ($38 billion). A government commis...

130 days ago

2 min read

Australia’s fossil fuel exports rank second for climat...

A new study commissioned by the University of New South Wales’ Australian Human Rights Institute reveals that Australia’s coal and ga...

131 days ago

3 min read

China’s central bank to extend low-carbon loan program thr...

China’s central bank will extend its low-cost loan program for carbon reduction projects until the end of 2027, the government anno...

131 days ago

1 min read

BHP, Rio Tinto and Qantas to invest $52.7 million in Austral...

BHP (BHP.AX), Rio Tinto, and Qantas will invest a combined A$80 million ($52.7 million) as early-stage investors in an Australian carbon ...

131 days ago

2 min read

UK insurers set record with £1.4 billion payouts due to sev...

According to the Association of British Insurers, insurers in the UK paid a record £1.4 billion ($1.78 billion) in claims due to severe ...

131 days ago

1 min read

Report uncovers biomass power stations’ emissions are ...

A new report from climate thinktank Ember reveals that last year, Drax power station emitted four times more carbon than the UK’s last ...

134 days ago

2 min read

Petrobras obtains environmental licenses to expand Brazil...

Petrobras, Brazil’s state-run oil company, has secured environmental licenses to boost production in the Mero and Buzios offshore f...

134 days ago

2 min read

Misinformation campaign could slow down green transition, UN...

The UN has accused fossil fuel companies of running a “massive misinformation campaign” to slow the transition from a carbon-...

134 days ago

2 min read

US loans $1.45 billion to South Korea’s Qcells to build so...

On Thursday, the US Department of Energy announced a conditional loan guarantee of up to $1.45 billion for South Korea’s Qcells. Th...

134 days ago

2 min read

Glencore scraps plan to spin off its coal business, post pus...

Glencore has abandoned its plans to spin off its coal business after shareholders overwhelmingly urged the company to retain the highly p...

135 days ago

2 min read

India’s Reliance to become largest developer of renewable ...

According to the annual report released on Wednesday, Indian conglomerate Reliance Industries is preparing for its next phase of growth a...

135 days ago

2 min read

Repeating false, skeptical claims about climate science make...

Australian-led new research shows that repeating false or skeptical claims about climate science can make them appear more credible, even...

135 days ago

2 min read

Environmental groups sue Suncor Energy over pollution from C...

Environmental groups filed a lawsuit against Suncor Energy on Tuesday, claiming that pollution from its Commerce City refinery in Colorad...

136 days ago

2 min read

RWE sign green power supply contract with steelmaker Salzgit...

German utility RWE and steelmaker Salzgitter have agreed on a significant long-term green electricity supply contract to support Salzgitt...

136 days ago

2 min read

China nails down a three-year plan to upgrade power system a...

China’s state planner revealed a new three-year plan on Tuesday to enhance the power system as the country works to boost renewable...

136 days ago

2 min read

Analysis shows nearly 25% of US lawmakers deny climate chang...

A recent analysis found that nearly one in four members of the US Congress members deny climate change despite growing public concern ove...

137 days ago

2 min read

Removing US subsidies in climate risk zones limited disaster...

In 1982, the US Congress passed the Coastal Barrier Resources Act to safeguard undeveloped coastal areas by barring federal funding that ...

137 days ago

2 min read

Deforestation’s impact on climate is less severe than ...

A study published on Monday in Proceedings of the National Academy of Sciences shows that logging, forest burning, and other human activi...

137 days ago

2 min read

New Zealand to scrap green policies in bid to boost economyÂ...

New Zealand’s green policies are under threat as the government rolls back environmental reforms to boost the struggling economy an...

138 days ago

2 min read

China’s extreme heat sees rise in power demand 

Chinese meteorologists attribute this year’s record heat to high continental temperatures driven by global warming despite cooler-t...

138 days ago

2 min read

China expedites carbon emission controls to hit 2030 goals

According to the cabinet on Friday, China will speed up creating a carbon emissions control system to meet its 2030 peak emissions goal. ...

138 days ago

2 min read

Shell’s H1 profits climb to $14 billion, boosted by fossil...

Shell’s profits reached $14 billion (£10.9 billion) in the first half of 2024, driven by its focus on fossil fuels, which boosted earn...

141 days ago

2 min read

Barclays praises Wimbledon amid backlash for providing servi...

Barclays has faced widespread protests from climate campaigners and anti-war activists. They argue that Barclays is using sponsorship of ...

141 days ago

2 min read

Google data center in Uruguay faces backlash over toxic wast...

Google’s plan to build a data center in Uruguay has angered environmentalists, who argue it will release large amounts of carbon dioxid...

141 days ago

2 min read

Antarctic ground temperatures soar 10°C, nears record heatw...

Ground temperatures across much of Antarctica’s ice sheets have soared an average of 10°C above normal over the past month, leadin...

141 days ago

2 min read

Deutsche Bank, BASF launches sustainability-linked finance p...

Deutsche Bank launched a new sustainability-linked payables finance program for BASF in Asia. This program will specifically target BASFâ...

142 days ago

2 min read

Germany’s solar power generation hits new record

According to BloombergNEF, Germany solar generation is expected to increase by 34% this summer compared to last year due to added capacit...

142 days ago

2 min read

World’s Top Truckmakers Adapt Engines for Low-Emission Hyd...

Some of the world’s largest truck manufacturers, including Volvo and MAN, are adapting combustion engines to run on low-emission hy...

142 days ago

2 min read

US oil & gas methane emissions four times higher than es...

New comprehensive aerial measurements reveal that oil and natural gas producers in the US are emitting methane at more than four times th...

142 days ago

2 min read

US lawmakers introduce bill to block Chinese solar makers fr...

On Wednesday, a bipartisan group of US lawmakers introduced a bill to block Chinese solar panel manufacturers from receiving subsidies fo...

142 days ago

2 min read

Air New Zealand abandons 2030 carbon goal, cites aircraft de...

Air New Zealand announced on Tuesday that it is abandoning its 2030 emissions reduction target due to delays in receiving fuel-efficient ...

144 days ago

2 min read

Forests, land ecosystems failed to curb emissions in 2023, s...

According to a Laboratory for Climate and Environmental Sciences (LSCE) study presented on Monday, forests and other land ecosystems were...

144 days ago

2 min read

Spain approves construction of about 300 renewable projects ...

On Monday, Spain’s government announced it had approved nearly 300 renewable power projects with a combined capacity of over 28 gig...

144 days ago

2 min read

India declines to accept EU carbon tax proposal, says it’s...

According to a senior official speaking to Reuters, India has rejected a European Union proposal to impose higher taxes on its carbon-emi...

144 days ago

2 min read

US power producers turn to natural gas despite record renewa...

US power producers are relying more on natural gas even as renewable energy grows rapidly.  While renewables have steadily increased...

145 days ago

2 min read

Yellen says $3 trillion needed in global transition to low-c...

On Saturday, U.S. Treasury Secretary Janet Yellen stated that shifting to a low-carbon economy globally will need $3 trillion in new fund...

145 days ago

2 min read

UK’s water coasts the hottest ever recorded, scientists sa...

A report has found that water temperatures near the UK’s coasts in 2023 were the highest ever recorded. This means that children today ...

148 days ago

2 min read

Global coal demand to remain broadly unchanged through 2025

The International Energy Agency’s latest update on global coal market trends forecasts that coal demand will stabilize in 2024 and ...

149 days ago

2 min read

Kamala Harris could ‘set a new high bar’ for climate pol...

Green advocates welcome the prospect of a Kamala Harris presidency, noting her robust environmental record, which starkly contrasts with ...

151 days ago

2 min read

Environmental Agency says UK water companies do not meet bas...

Britain’s Environment Agency strongly criticized the country’s water companies for releasing sewage into rivers and seas, sta...

151 days ago

2 min read

Energy firm to invest $1.09 billion in Germany’s hydrogen ...

EnBW announced on Tuesday its plan to invest 1 billion euros ($1.09 billion) in Germany’s upcoming national hydrogen transport netw...

151 days ago

2 min read

Former UK Minister opens investment bank to fund green energ...

Chris Skidmore, the former UK Conservative energy minister who resigned over disagreements regarding oil and gas drilling, has launched a...

152 days ago

2 min read

Kamala Harris to prioritize clean energy and environmental j...

Vice President Kamala Harris has been actively involved in advancing environmental priorities within the Biden administration. Harris sha...

152 days ago

2 min read

Chrysler parent Stellantis pays $190.7 million penalty for f...

Stellantis, Chrysler’s parent company, has paid $190.7 million in civil penalties for not meeting US fuel economy standards for 201...

152 days ago

2 min read

Climate crisis prediction from America’s biggest oil refin...

Nearly 50 years ago, Marathon Petroleum‘s corporate predecessor warned in its company magazine, Marathon World, that global tempera...

155 days ago

2 min read

US public EV chargers hit 9000, set to surpass gas stations ...

In the second quarter, the US expanded its network of public fast-charging stations for electric vehicles (EV) by about 700, reaching nea...

155 days ago

2 min read

Singapore’s decarbonisation centre completes its final tri...

Singapore’s Global Centre for Maritime Decarbonisation (GCMD) announced the completion of its final trial involving biofuels to pow...

155 days ago

2 min read

US federal court rules in favor of environmentalists overtur...

On Tuesday night, a federal court in Alaska overturned an oil and gas lease sale. The sale, which was required by the Biden administratio...

156 days ago

2 min read

SAF production capacity in the US to jump 1400% in 2024 

The US Energy Information Administration (EIA) reported that the production capacity of sustainable aviation fuel (SAF) in the United Sta...

156 days ago

2 min read

Britain needs to act fast to meet 2030 climate target, says ...

Britain’s new Labour government must swiftly act to meet its 2030 climate target. According to the country’s climate advisers, cu...

156 days ago

2 min read

Spain announces $2.5 billion plan to boost renewable energyÂ...

Spanish Prime Minister Pedro Sanchez unveiled a new 2.3 billion euro ($2.5 billion) plan on Wednesday to accelerate Spain’s shift t...

157 days ago

2 min read

US court orders federal regulators to reassess the impact of...

A US court has directed federal regulators to review the environmental impact of greenhouse gas emissions from Commonwealth LNG’s L...

157 days ago

2 min read

Australia invests about $13 million in recycling plastic fac...

The Australian federal government has allocated A$20 million ($13.48 million) to assist in establishing Recycling Plastics Australia’s ...

157 days ago

2 min read

TotalEnergies, UK power join hands to launch EV charging com...

French oil giant TotalEnergies and UK power company SSE announced plans to capture a 20% share of the electric vehicle (EV) fast-charging...

158 days ago

2 min read

More than 100 companies demand for tougher policies to stop ...

132 companies, with a total revenue of $1.1 trillion, exclusively shared a letter with Reuters demanding decisive action on nature loss. ...

158 days ago

2 min read

Renewables growth rate falls short of 2030 target, IRENA rep...

A report from the International Renewable Energy Agency (IRENA) on Thursday revealed that the world may fail to triple its renewable ener...

163 days ago

2 min read

UK’s former climate watchdog appointed to lead ‘mission ...

UK’s Labour Party has appointed Chris Stark, a leading climate expert and former head of the UK’s climate watchdog, to lead a ...

164 days ago

2 min read

Occidental seals record carbon removal deal with Microsoft 

Occidental Petroleum Corp. has secured a landmark carbon removal agreement with Microsoft Corp. as part of Microsoft’s efforts to c...

164 days ago

2 min read

Podesta highlights climate rules in anticipation of Supreme ...

John Podesta, Senior Advisor to the President for International Climate Policy, on Tuesday, said that the Biden administration had antici...

164 days ago

2 min read

US forgives $35 million Indonesian debt in exchange for cora...

The US Treasury on Monday announced that Indonesia will forgive $35 million of debt over nine years. In return, Indonesia will undertake ...

165 days ago

2 min read

China’s Ministry of Industry sets new solar PV investm...

China’s industry ministry proposed a draft rule on Tuesday that raises the minimum capital requirement to 30% for solar photovoltai...

165 days ago

2 min read

2024 on track to be the world’s hottest-recorded yearÂ...

According to the European Union’s Copernicus Climate Change Service (C3S), last month marked the hottest June ever recorded, contin...

166 days ago

2 min read

SBTi’s credibility undermined by new revelations

The Science Based Targets initiative (SBTi), the world’s largest verifier of CO2 and corporate climate goals, could suffer long-ter...

166 days ago

2 min read

Norway seeks to explore renewable energy, carbon capture opp...

According to the energy minister, Norway aims to enhance its partnership with Indonesia and explore investment opportunities in renewable...

169 days ago

2 min read

UN’s Methane Observatory flags Big Oil of site releasing p...

A gas platform in the Gulf of Thailand has received a new warning from United Nations International Methane Emissions Observatory (IMEO) ...

169 days ago

2 min read

US imposes $145.8 million fine on General Motors for excess ...

General Motors will pay a $145.8 million fine and forfeit credits valued at hundreds of millions of dollars following a US government inq...

170 days ago

2 min read

India’s solar power growth hits 6-year low amid rising...

India’s solar power growth slowed to its lowest rate in six years during the first half of 2024, according to data from the federal...

170 days ago

2 min read

Egypt’s wind megaproject of $10 billion to begin by 2026

Construction on one of the world’s largest wind farms in Egypt is set to commence by March 2026, according to a statement from a compan...

172 days ago

2 min read

Home buyers in Australia and New Zealand inching more toward...

Policymakers, researchers, and property experts caution that home buyers in Australia and New Zealand are overlooking the risks of climat...

172 days ago

2 min read

Coal dependency soars in Indonesia and Philippines, surpassi...

According to data from energy think tank Ember, the Philippines has entered the top ten list of economies most reliant on coal-fired elec...

173 days ago

2 min read

EU sets new standard with 75% CO2-free electricity in 2024, ...

Industry data revealed on Monday that 75% of the European Union’s electricity in the first half of this year came from CO2 emission...

173 days ago

1 min read

Google buys stake in BlackRock-owned solar power firm in Tai...

Google announced that it has bought a stake in Taiwan’s New Green Power and plans to purchase up to 300 megawatts of renewable ener...

173 days ago

2 min read

Invesco launches $1.6 billion US climate ETF backed by Finni...

Amid US investors withdrawing from sustainable funds, Atlanta’s Invesco has introduced a new climate-focused ETF. The fund received...

176 days ago

2 min read

Air freight’s greenhouse emissions up by 25% compared with...

According to a report from the campaign group Stand.earth, the surge in online shopping and changes in the post-pandemic economy has driv...

177 days ago

2 min read

Big Oil could face homicide charges over 2023 heatwave death...

Prosecutors in Arizona are considering the possibility of pushing homicide charges against major oil companies for deaths resulting from ...

177 days ago

2 min read

EU proposes a framework to resolve funding disputes in large...

A document seen by Reuters showed that the European Union (EU) will outline guidelines for its member states to jointly develop large-sca...

177 days ago

2 min read

Temasek and Blackrock to invest in carbon removal strategy

In a joint partnership, Singapore’s Temasek and BlackRock have initiated a $69 million capital raise to enhance global carbon remov...

178 days ago

2 min read

Europe’s biggest airline group to charge up to €72 for c...

Deutsche Lufthansa AG plans to introduce a surcharge of up to €72 ($77) per flight next year to cover the increasing costs of alternati...

178 days ago

2 min read

Investors to start talks with companies to drive policy acti...

Over 200 investors have proposed a plan to initiate discussions with 60 companies about biodiversity. The focus will be on companies oper...

178 days ago

2 min read

Global initiative RE100 calls on Japan to triple renewables ...

On Tuesday, RE100, a global corporate initiative promoting renewable energy procurement, urged the Japanese government to swiftly and dec...

179 days ago

2 min read

Germany likely to phase-out coal power plants before 2038 de...

Germany’s climate envoy stated on Monday that the country is expected to shut down its coal-fired power stations earlier than the m...

179 days ago

2 min read

Insurance broker launches world’s first carbon credit warr...

The Howden Group, an insurance broker, announced it played a role in developing the first-ever warranty and indemnity policy for carbon c...

180 days ago

2 min read

China wants EU to scrap preliminary tariffs on EVs by July 4

Beijing has urged the European Union to cancel its initial tariffs on Chinese electric vehicles before July 4, according to China’s...

180 days ago

1 min read

Indian engineers warn of prolonged power outages, amid extre...

The All India Power Engineers Federation has warned the state government that the current situation is worsening daily, emphasizing that ...

185 days ago

2 min read

Federal coalition eyes Queensland’s CFPP for potential nuc...

Queensland is poised to become a focal point in the Coalition’s push towards nuclear energy, with plans suggesting the state could ...

185 days ago

2 min read

EU regulators push for revisions in landmark ESG rulebook 

Regulators overseeing the markets, banking, and insurance sectors urged the European Commission in their joint ESA opinion document on Tu...

185 days ago

2 min read

Volkswagen and Vulcan Green Steel sign MoU to produce low-ca...

Volkswagen AG and Vulcan Green Steel have signed a Memorandum of Understanding (MoU) to establish a partnership focused on low-carbon ste...

186 days ago

1 min read

UK’s asset owner introduces Climate Transition Index in £...

Phoenix Group, a UK asset owner, has introduced a climate transition index as part of its commitment to redirect £160 billion towards de...

186 days ago

2 min read

Andrew Forrest urges coalition to reconsider 2030 emissions ...

Fortescue founder Andrew Forrest warned that if the federal coalition scraps the 2030 emissions reduction target, Australian exports coul...

186 days ago

2 min read

African, Inter-American Development bank leaders seek $20 bi...

Leaders of the African and Inter-American Development Banks are touring North America, the Middle East, Korea, and Brazil to secure $20 b...

187 days ago

2 min read

Germany’s top climate envoy says deep cuts by 2030 are “...

Germany’s climate envoy insists that achieving net zero emissions by 2050 is not enough under the Paris Agreement, emphasizing that the...

187 days ago

2 min read

Clean energy investments for emerging nations among top agen...

People in countries most vulnerable to climate change face the consequences of extreme weather conditions. Despite playing a minimal role...

189 days ago

4 min read

Swiss leaders reject landmark ruling in favour of female cli...

Swiss politicians have rejected a significant climate ruling from the European Court of Human Rights, sparking concerns that other countr...

190 days ago

2 min read

Ex-MD of Goldman Sachs teams up with law firms to develop an...

Jim Bunch, a former managing director at Goldman Sachs Group Inc., has teamed up with law firm Linklaters and London nonprofit Scope 3 Cl...

190 days ago

2 min read

Global oil demand to peak by 2029, IEA says 

According to the International Energy Agency (IEA), global oil demand is expected to reach its highest point by 2029 and then start decre...

190 days ago

2 min read

Largest US oil trade group to file a lawsuit to block Biden&...

The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday to block the ...

191 days ago

2 min read

Startup eyes US factory for futuristic solar panels, counter...

California-based startup Swift Solar Inc. intends to construct a factory in the United States within the next two to three years to manuf...

191 days ago

2 min read

UBS hosts first-ever biodiversity-centric ESG conference

UBS Group AG recently organized its first-ever conference centred on the ESG aspect of biodiversity, indicating its aspirations to expand...

191 days ago

2 min read

Big banks face scrutiny for ‘greenwashing’ their role in...

A recent report reveals that five major banks are accused of misleading the public about their involvement in the the destruction of the ...

192 days ago

2 min read

Europe will need to invest more in sustainable aviation fuel...

European leaders are urged to increase investment in synthetic aviation fuels alongside biofuels to achieve Net-Zero targets and decarbon...

192 days ago

2 min read

World’s largest carmakers to face $7.6 billion lawsuits fo...

The world’s largest carmakers are currently facing 1.5 million lawsuits in Britain, accusing them of manipulating emissions tests. The ...

192 days ago

2 min read

Japan’s Nippon Life Insurance announces new transition fin...

Japan’s Nippon Life Insurance announced guidelines for offering transition finance loans to steelmakers and utilities, aiming to se...

193 days ago

2 min read

Citigroup faces pressure after climate activists gather outs...

On Monday, a large group of climate activists assembled outside Citigroup Inc.’s headquarters in downtown Manhattan, launching what...

193 days ago

2 min read

Analysts predict an uphill battle for EU climate policies am...

The shift towards right-leaning parties in the European Parliament is expected to hinder the passage of ambitious EU climate policies. Ho...

193 days ago

2 min read

Insurance sector faces ‘tremendous volatility’ amid clim...

On Thursday, CEO Evan Greenberg told CNBC’s Jim Cramer that climate change is a significant contributing factor influencing insurance p...

197 days ago

2 min read

US solar industry races to deploy stockpiled panels as tarif...

As the two-year US tariff break on solar panels from Southeast Asia ends, American project developers must now swiftly deploy the large s...

197 days ago

2 min read

Global clean energy investment to hit $2 trillion in 2024, I...

The International Energy Agency (IEA) forecasts that global investment in clean energy technology and infrastructure will reach $2 trilli...

198 days ago

2 min read

Carbon removal technology could cost much more than estimate...

Climeworks AG claims to have achieved a breakthrough that could halve the cost of removing a ton of carbon from the air. While this could...

198 days ago

2 min read

European asset managers prepare for ESG fund purge, post new...

According to a recent analysis, new regulations in Europe will lead to a widespread industry purge as asset managers face limits on attac...

198 days ago

2 min read

Carbon removal must quadruple to hit climate targets, resear...

According to a report by researchers released on Wednesday, to achieve global climate goals, governments must expand afforestation and us...

199 days ago

2 min read

EU approves Germany’s $1.90 billion payout for coal ph...

Germany’s economy ministry announced it received preliminary approval from the European Commission to compensate power company LEAG...

199 days ago

1 min read

Climate advisory firm optimistic about venture capital inves...

Pollination Group, a climate change advisory and investment firm, observes better opportunities for venture capital investments in Austra...

199 days ago

2 min read

New analysis shows COP28’s promised global goals to triple...

According to the International Energy Agency’s analysis released on Tuesday, the combined efforts of countries would expand renewab...

199 days ago

1 min read

Waste Management nears $7 billion deal to buy Stericycle

Waste Management is close to finalizing a purchase agreement with Stericycle, a medical waste disposal company, for approximately $7 bill...

200 days ago

1 min read

Climate crisis must be top priority in UK election, says gre...

Green groups are urging that the climate crisis be made a central focus in the upcoming TV debates between Rishi Sunak and Keir Starmer.&...

201 days ago

2 min read

One of world’s biggest carbon-offset projects withdraws fr...

Carbon Green Investments, a company managing offset projects, has announced that it will immediately remove the Kariba forestry project, ...

201 days ago

2 min read

South Korea to generate 70% of its power from carbon-free en...

South Korea aims to get 70% of its electricity from clean energy, such as renewables and nuclear power, by 2038, a significant increase f...

204 days ago

1 min read

No new oil, gas, or coal licenses needed as existing project...

In a recent study, researchers at University College London and the International Institute for Sustainable Development (IISD) said that ...

204 days ago

2 min read

Architect behind the world’s tallest skyscraper to design ...

Skidmore, Owings & Merrill LLP (SOM), the architecture firm responsible for the world’s tallest building, is exploring methods ...

204 days ago

2 min read

World Bank approves $1.2 billion budget support for Kenya to...

The World Bank has approved a $1.2 billion budget support package for Kenya to help the country manage immediate fiscal challenges and ac...

204 days ago

1 min read

White House announces new measures to support upcoming nucle...

On Wednesday, the White House announced new measures to support the advancement of new nuclear power plants in the United States.  N...

205 days ago

2 min read

$1 billion funded waste-to-fuel company could collapse

Fulcrum BioEnergy, a clean fuel technology company, secured over $1 billion in funding to convert household waste into eco-friendly fuels...

205 days ago

2 min read

European Central Bank to impose fines on climate failures in...

In its first-ever move, The European Central Bank is planning to fine several banks for failing to address the impact of climate change. ...

205 days ago

2 min read

Temperatures cross 50°C in parts of north and central India...

In northern and central India, temperatures soar above 50°C amidst a severe heatwave. Over 37 cities across the nation experienced tempe...

206 days ago

1 min read

EU, Australia partner to secure supply of critical mineralsÂ...

On Tuesday, the European Union and Australia signed a memorandum of understanding (MoU) to collaborate on crucial minerals. The deal aims...

206 days ago

2 min read

Corporate climate watchdog tightens rules for asset managers...

A top authority on corporate climate goals announced it would enforce stricter criteria for financial institutions seeking its endorsemen...

206 days ago

2 min read

Egypt partners with China’s second-biggest automaker to pr...

An Egyptian firm has teamed up with the second-largest state-owned car manufacturer in China to produce affordable electric vehicles (EV)...

207 days ago

2 min read

EU passes new law which mandates 40% domestic green tech pro...

The European Union has approved a new law to ensure that 40% of its clean technology, including solar panels and wind turbines, is produc...

207 days ago

2 min read

Climate protestors target TotalEnergies over new oilfield de...

The CEO of TotalEnergies informed shareholders that new oilfields must be developed to meet global demand. Climate activists protested ou...

208 days ago

1 min read

Biden administration set to lay out first-ever broad guideli...

Biden administration, led by Treasury Secretary Janet Yellen, will introduce the first US guidelines for carbon markets this week. This m...

208 days ago

2 min read

German climate activists charged with ‘forming criminal or...

Five members of Letzte Generation, a climate activist group similar to Just Stop Oil in Germany, face charges of “forming a criminal or...

211 days ago

2 min read

Japan’s Itochu signs renewable energy agreement with Googl...

On Friday, Itochu announced signing a long-term power supply agreement with Google to support the tech giant’s renewable energy obj...

211 days ago

2 min read

IEA chief stresses the need to speed up talks on climate aid...

Ahead of this year’s COP29 summit, the chief of the International Energy Agency emphasized that global climate talks must focus on ...

211 days ago

2 min read

Berlin court orders German govt to strategize sector-specifi...

A Berlin court has instructed the German government to revise its 2023 climate plan to align with sector-specific 2030 goals. The ruling,...

212 days ago

2 min read

US lawmakers probe investigation into climate deception by B...

US lawmakers lead an inquiry into big oil companies and urge the Justice Department to investigate potential climate deception. &nbs...

212 days ago

2 min read

First all-electric school bus fleet in the US to power 300 h...

Battery-operated school buses in Oakland, California, are anticipated to reduce emissions and provide sufficient electricity to power at ...

213 days ago

2 min read

Additional $34 trillion needed to meet net zero goals by 205...

BloombergNEF’s extensive New Energy Outlook report, which spans 250 pages and analyzes 18 million data points, reveals that governm...

213 days ago

2 min read

‘Be a part of the plan’ echoes as International Day of B...

Biodiversity, encompassing the variety of all life forms on Earth, is fundamental to sustaining the ecosystems that provide us with food,...

213 days ago

2 min read

Pressure mounts on Biden administration to halt deepwater oi...

The Biden administration faces increased calls to strengthen its restrictions on America’s growing fossil fuel trade. This includes...

214 days ago

2 min read

Over a third of Amazon rainforest struggle to recover from d...

A recent study published in the Proceedings of the National Academy of Sciences reveals that more than a third of the Amazon rainforest s...

214 days ago

2 min read

Banks anxious of growing energy-related risks in mortgage po...

Lenders across Europe are struggling with a rising concern about energy consumption in residential mortgage portfolios  In Germany, ...

214 days ago

2 min read

Environmental activists demand transparency in Russia’...

Activists are pressing Russia’s constitutional court to review the nation’s climate policies, specifically its significant me...

215 days ago

2 min read

New South Wales implements stricter regulations for polluter...

New coal mines, gas fields, and other major sources of greenhouse gases in New South Wales will now face stricter regulations to minimise...

215 days ago

2 min read

Methane emissions by US landfills exceed federal limits, ins...

An analysis of inspection reports found that nearly two dozen US landfills frequently exceeded federal methane emission limits, often rep...

215 days ago

2 min read

Deutsche Bank secures $652 million capital-relief deal with ...

Deutsche Bank has entered a deal with the European Investment Bank that enables it to offer discounts on over €600 million ($652 millio...

215 days ago

2 min read

Norway’s $1.6 trillion sovereign wealth fund asks Shel...

Norway’s $1.6 trillion sovereign wealth fund has asked Shell to provide more information about its updated climate targets. However...

218 days ago

1 min read

Japan’s Mizuho to invest $13 billion to develop hydrogen t...

Tokyo-based banking and financial services company Mizuho Financial Group announced a new objective. The company intends to provide JPY 2...

218 days ago

2 min read

China to build first ‘green’ aviation fuel with $1 billi...

Biofuel companies are investing over $1 billion to construct China’s first plants converting waste cooking oil into aviation fuel.&...

218 days ago

2 min read

India’s largest climate impact fund to raise $1 billion

Eversource Capital, which managed India’s largest climate impact fund in 2022, aims to raise at least $1 billion to support companies i...

218 days ago

1 min read

Trump’s presidency could jeopardize $1 trillion in cle...

According to a new analysis by Wood Mackenzie published on Thursday, Donald Trump’s victory in the November 5 presidential election...

218 days ago

1 min read

UK under danger of losing its spot on Global Green Finance I...

The UK Sustainable Investment and Finance Association (UKSIF) has released a report indicating potential challenges facing the UK’s...

219 days ago

2 min read

Logistics company tests first-ever electric transport for lo...

DB Schenker in Sweden introduces a fully electric Scania R 450e lorry for long-distance deliveries. This e-truck will operate between Jö...

219 days ago

2 min read

Climate change could worsen neurological conditions, study d...

A study by University College London researchers reveals that extreme heat and climate change-related disasters worsen neurological disea...

219 days ago

2 min read

Microsoft’s AI ambitions threaten to derail carbon neu...

Microsoft Corp.’s ambitious pledge to remove more carbon than it emits by 2030 is now at risk due to its aggressive push to lead in...

219 days ago

2 min read

Exxon under fire again for falling short on climate commitme...

Exxon Mobil Corp is again under scrutiny from environmentally focused investors who argue that the company is not meeting its climate-rel...

220 days ago

2 min read

China orders for energy-efficiency plans to meet targets

China’s state planner, the National Development and Reform Commission (NDRC), has directed provinces to create energy-efficiency pl...

220 days ago

2 min read

Indonesia’s state energy firm, Exxon, KNOC sign agreement ...

Indonesia’s Pertamina, ExxonMobil, and South Korea’s KNOC agreed to develop a carbon capture and storage (CCS) hub in Indones...

220 days ago

1 min read

US appeals court upholds Biden administration’s biofue...

A US appeals court has confirmed a rule from President Biden’s administration on biofuel blending requirements for oil refiners fro...

220 days ago

2 min read

Biden to quadruple tariffs on Chinese EVs with solar exclusi...

President Joe Biden plans to increase tariffs significantly on Chinese electric vehicles (EV) and other key industries this week, emphasi...

220 days ago

2 min read

UK faces funding risk as sustainable finance framework lags

Britain’s delay in finalizing its sustainable finance framework is jeopardizing billions of pounds in funding, as per a UK investor...

220 days ago

2 min read

Australia to invest $15 billion in renewable energy, domesti...

On Tuesday, the Australian government announced an A$22.7 billion ($15.0 billion) package to strengthen domestic manufacturing and renewa...

221 days ago

2 min read

Schneider Electric to automate India’s largest single-stag...

Schneider Electric supports India’s Namami Gange initiative by implementing sustainable automation at Delhi’s largest single-...

221 days ago

2 min read

World’s 60 biggest banks financed fossil fuels by $6.9 tri...

According to the 15th annual Banking On Climate Chaos (BOCC) report released Monday, banks such as Barclays and HSBC committed $705 billi...

221 days ago

2 min read

Investment manager steps into nature-based carbon credit mar...

Octopus Investments has introduced a new Natural Capital Strategy to acquire UK land-based assets to generate carbon removal credits and ...

221 days ago

2 min read

Startup develops vaccine that can reduce methane emissions f...

A Boston-based startup is in the process of developing a vaccine that can curb methane emissions that are emitted by livestock.  Ark...

221 days ago

2 min read

JPMorgan CEO meets Texas AG amid threats to bar banks over E...

Jamie Dimon, CEO of JPMorgan Chase & Co., met with Texas Attorney General Ken Paxton because Paxton threatened to prevent more banks ...

221 days ago

2 min read

Japan to map out a decarbonizing strategy by 2040

The Japanese government plans to develop a new national strategy by the end of March next year, focusing on decarbonization and industria...

222 days ago

2 min read

EU approves law to cut CO2 from heavy-duty vehicles 

European Union countries officially approved a law on Monday to reduce truck carbon dioxide emissions. This law mandates that most new he...

222 days ago

2 min read

Private equity firm offer to buy Swedish renewable energy gr...

On Monday, private equity firm EQT announced a cash offer to acquire Swedish renewable energy group OX2 for 16.4 billion crowns ($1.51 bi...

222 days ago

2 min read

Decision looms for Glencore’s carbon capture approval ...

This month, Queensland state in Australia will decide whether to approve Glencore’s request to bury liquefied carbon dioxide in the...

222 days ago

2 min read

Court rejects Republican-led states’ attempt to halt S...

On Friday, a federal appeals court rejected a lawsuit by four Republican-led states trying to stop a US Securities and Exchange Commissio...

222 days ago

2 min read

First US-built boat for maintaining offshore wind farms is a...

A new boat Eco Edison, designed to support operations in US offshore wind farms, will be launched in New Orleans on Saturday in the prese...

222 days ago

2 min read

US and China aim to work together on phase-out of coal despi...

A two-day climate discussion between the largest emitters of greenhouse gases concluded this week, with plans for the US and China to col...

222 days ago

2 min read

Green hydrogen startup Hysata raise $111 million in Series B...

Australia-based Hysata, a startup focused on green hydrogen, announced it has raised $111 million in a Series B funding round. The fundin...

225 days ago

2 min read

Singapore Airlines signs agreement with Neste to purchase Su...

Singapore Airlines (SIA) Group has partnered with Neste to acquire 1,000 tonnes of neat Neste MY Sustainable Aviation Fuel in an effort t...

225 days ago

2 min read

South Africa to secure $2.6 billion deal for shut down of CF...

South Africa is preparing for a transition in its energy sector, seeking $2.6 billion in climate finance by proposing a revised timetable...

225 days ago

2 min read

Republican attorneys sue EPA over carbon rule 

Republican attorneys general from 27 US states, and industry trade groups filed lawsuits to block a new Environmental Protection Agency r...

225 days ago

2 min read

Dutch pension fund to focus its sustainable investments on b...

The Dutch multi-sector pension scheme PGB has chosen three ‘focus themes’ for its sustainable investments based on member pre...

225 days ago

1 min read

Institutional investors with assets worth $1.2 trillion urge...

A group of 24 institutional investors, collectively managing $1.2 trillion in assets, are urging Barclays Plc to cease financing fracking...

225 days ago

2 min read

Confidential documents reveal carbon offsets are largely ine...

Staff at a prominent corporate climate action group, whose board proposed a plan allowing companies to offset supply chain greenhouse gas...

226 days ago

2 min read

Hunger, diseases on the rise post record heat, floods and dr...

According to a report from the World Meteorological Organization (WMO), hunger and disease are increasing in Latin America due to a year ...

226 days ago

2 min read

Spain’s Official Credit Institute to invest €15 million ...

Spain’s Official Credit Institute (ICO) has committed to invest €15 million in Spanish insurance group Mapfre’s green biofuel fund....

226 days ago

2 min read

Climeworks opens world’s largest plant to capture CO2 from...

Climeworks has unveiled the world’s largest operational direct air capture (DAC) plant, the Mammoth plant in Iceland. This plant is nea...

226 days ago

2 min read

Asset manager to invest $35 million in renewable energy firm...

On Tuesday, AMPIN Energy Transition announced that Switzerland-based asset manager responsAbility, will invest up to $35 million on behal...

227 days ago

2 min read

Siemens Energy to restructure management of its troubled win...

Siemens Energy announced that Jochen Eickholt, who became CEO of Siemens Gamesa in March 2022, will step down at the end of July and will...

227 days ago

1 min read

April marks 11th consecutive month of record temperatures

According to the European Union’s climate change monitoring service, the world just had its hottest April on record, continuing an ...

227 days ago

2 min read

Solar, wind power pushed renewable energy to a record 30% of...

According to a report by think tank Ember, in 2023, due to the increased adoption of solar and wind power, renewable energy made up 30% [...

227 days ago

2 min read

India’s Bengaluru sees spells of rain after months of swel...

Recent showers in Bengaluru have provided relief to residents from the persistent heat experienced over the last few months. According to...

228 days ago

1 min read

Asheville-based renewable energy firm secures $650 million f...

Pine Gate Renewables, headquartered in Asheville, has secured a $650 million investment from three partners. Generate Capital, the Health...

228 days ago

2 min read

Exxon, Chevron CEOs demand clear rules on US clean energy su...

On Monday, top executives of US oil giants Exxon Mobil and Chevron Corp emphasised the necessity for the US to provide clear guidelines o...

228 days ago

2 min read

Investment in clean energy manufacturing soared to $200 bill...

In a first-of-its-kind analysis, Advancing Clean Technology Manufacturing reports that global investment in manufacturing five key clean ...

228 days ago

2 min read

US to host China’s climate envoy this week in Washington

The State Department announced that China’s Special Envoy for Climate Change, Liu Zhenmin, will visit Washington on Wednesday and T...

228 days ago

1 min read

Leading health funders team up in $300 million initiative to...

Three major global health funders have partnered for the first time in a $300 million initiative to address the interconnected challenges...

229 days ago

2 min read

Brussels Airport to achieve net zero target by 2030

Brussels Airport Company is significantly ramping up efforts to reach net zero carbon emissions by 2030, aiming to eliminate all carbon d...

229 days ago

1 min read

Deutsche Bank appoints Trisha Taneja as global head of ESG 

Deutsche Bank announced the appointment of Trisha Taneja as the global head of environmental, social, and governance (ESG) for the origin...

229 days ago

1 min read

Britain’s new climate action plan unlawful due to delivery...

London High Court has ruled that Britain’s latest climate action plan is unlawful because ministers were not adequately informed of...

229 days ago

2 min read

Berkshire Hathaway shareholders reject six environment, soci...

During their Saturday meeting, shareholders of Berkshire Hathaway Inc. decisively rejected six proposals related to environmental and soc...

229 days ago

2 min read

Delay in energy transition could impact investments, says ne...

According to a report by consultancy Wood Mackenzie, a five-year delay in decarbonization efforts could raise global average temperatures...

232 days ago

2 min read

Air France, Lufthansa Group among 20 other airlines part of ...

Air France, its Dutch arm KLM, Norwegian, SAS, and multiple Lufthansa Group airlines are among 20 carriers under investigation by the Eur...

232 days ago

2 min read

PG&E nears deal to sell power assets to investment firm ...

California utility Pacific Gas & Electric (PG&E) announced that it is close to finalizing an agreement to sell its power generati...

232 days ago

2 min read

Canada’s 2022 greenhouse gas emissions rose less than expe...

Environment Minister Stephen Guilbeault announced on Thursday that Canada’s greenhouse gas emissions in 2022 increased by a smaller...

232 days ago

1 min read

US appeals court clears path for $655 million clean energy t...

On Thursday, a US appeals court overturned a lower court’s decision that halted a land exchange crucial for developers to proceed w...

232 days ago

2 min read

Major carbon credit programs receive initial approval amid g...

Five of the largest carbon credit programs worldwide have received initial approval from a regulatory body dedicated to enhancing standar...

233 days ago

2 min read

Australia’s second-largest pension fund to stop investing ...

On Thursday, the Australian Retirement Trust announced that it will cease investing in most thermal coal companies starting in July as pa...

233 days ago

2 min read

China warns of climate setback amid US-Europe push against g...

According to Liu Zhenmin, appointed by Xi Jinping as Special Envoy for Climate Change, efforts by the US and Europe to curb China’s...

233 days ago

2 min read

Australia hits historic high with 36% renewable electricity ...

Renewable energy produced more than one-third of Australia’s electricity in the first quarter of 2024, marking a record high for so...

233 days ago

1 min read

Confidential report warns Citigroup of billions of loss in l...

Citigroup could face significant financial losses in its loan portfolio if global efforts to address climate change accelerate, as indica...

233 days ago

1 min read

White House introduces reforms to fast-track clean energy, i...

On Tuesday, the White House changed the US environmental review process for large-scale projects. Officials believe these reforms will ex...

235 days ago

2 min read

NEoT Green Mobility raises €60 million for zero-emission m...

NEoT Green Mobility (NGM), based in Paris and dedicated to financing zero-emission mobility projects, has announced securing an additiona...

235 days ago

1 min read

Australia’s major polluters could be emitting twice th...

According to a report from Melbourne’s nonprofit organization, The Superpower Institute, major polluters in Australia may be emitti...

235 days ago

2 min read

Death toll rises as Southeast Asia grapples with a severe he...

Bangkok issued extreme heat warnings last week as the heat index reached “very dangerous” levels. Government data indicates t...

235 days ago

2 min read

G7 reaches agreement to shut down CFPPs by first half of 203...

Energy ministers from the Group of Seven (G7) major democracies have agreed to close down their coal-fired power plants by the early 2030...

235 days ago

2 min read

Maritime Transport to replace diesel trucks with electric, h...

Maritime Transport is progressing toward eco-friendly trucking by replacing diesel trucks with new electric semi-trucks. The company has ...

236 days ago

1 min read

Customer experience solutions launches sustainability campai...

Concentrix, a provider of customer experience solutions, has initiated the ‘Go Clean, Go Green’ campaign. This campaign involves orga...

236 days ago

2 min read

Japan’s biggest utility firm to invest in low-carbon hydro...

Japan’s largest utility, JERA, seeks opportunities to invest in low-carbon hydrogen and ammonia projects in the Middle East and intends...

236 days ago

2 min read

World will use 100 million barrels of oil a day by 2040, say...

TotalEnergies SE Chief Executive Officer Patrick Pouyanne emphasized the importance of preparing for a warmer climate, noting that global...

236 days ago

2 min read

Barclays says more money needs to go towards transition fina...

Barclays Plc suggests that additional funding should support climate transition projects that are too sophisticated for venture capitalis...

236 days ago

2 min read

Solar power boosts India to record renewable energy growth

According to Rystad Energy, India achieved its highest annual installed renewable energy capacity of 18.5 gigawatts (GW) for the fiscal y...

240 days ago

2 min read

Climate finance veteran Tim Newell drives spin-off of Aspira...

Tim Newell, a seasoned expert in fintech and sustainability, has partnered with climate finance firm Aspiration Partners, Inc., to separa...

240 days ago

2 min read

Fossil fuel investment prompts lawsuits from US university s...

Organizers from Columbia University, Tulane University, and the University of Virginia have contacted attorneys general, arguing that the...

240 days ago

2 min read

Parts of US face worst air quality in 25 years, report saysÂ...

A recent report released on Wednesday reveals that approximately 44 million Americans reside in cities or counties where air quality has ...

240 days ago

2 min read

Japan to rely on seagrass for carbon capture

100 volunteers gathered on a popular beach in the Japanese port city of Yokohama to plant eelgrass in the shallow waters. Originally a lo...

240 days ago

1 min read

Scotiabank’s 2024 Net Zero Research Fund calls out for gra...

Scotiabank, one of Canada’s largest multinational banking firms in Toronto, revealed its call for grant submissions. The Net-Zero R...

241 days ago

2 min read

Australia’s Macquarie launches $1.5 billion Indian EV fina...

The Australian financial giant Macquarie Group has revealed its initiative to establish an electric vehicle (EV) financing platform to re...

241 days ago

2 min read

Bhutan, Tiger Conservation Coalition to raise $1 billion for...

The Sustainable Finance for Tiger Landscapes Conference ended positively, a landmark event for global conservation. Her Majesty The Queen...

241 days ago

2 min read

Carbon removal registry reaches breakthrough by certifying f...

The newly launched Carbon Removal Registry Isometric made its debut on Monday, issuing its first credits to the Frontier fund led by Stri...

241 days ago

2 min read

Enel raises coupons on $11 billion ESG bonds after missing e...

Enel SpA will increase the interest payments on its sustainability-linked bonds following a penalty triggered by its failure to meet gree...

241 days ago

2 min read

Fed to implement Clean Electricity Investment Tax Credit

The federal government is set to advance the Clean Electricity Investment Tax Credit (Clean Electricity ITC), initially proposed last yea...

243 days ago

1 min read

Biden-Harris administration announces first recipients of $1...

The Biden-Harris Administration has revealed the first recipients of significant investments in clean energy manufacturing. As a componen...

243 days ago

2 min read

Europe’s heatwave difficult for human body to cope, scient...

According to the EU’s Copernicus climate monitoring service and the World Meteorological Organization, as climate change drives tem...

243 days ago

2 min read

PM Sunak must do more to tackle climate change, advisory bod...

The head of the UK government’s advisory body has stated that Prime Minister Rishi Sunak needs to ramp up efforts in addressing cli...

243 days ago

2 min read

Leaders gather in Canada to discuss global plastic treaty

World leaders will convene in the capital of Canada this week to discuss the advancements made in drafting the first global treaty on cur...

243 days ago

2 min read

Basic Energy and Japan’s Renova join forces for wind proje...

Basic Energy Corp. solidified its collaboration with Japan’s Renova Inc. through a joint development and shareholder agreement concerni...

246 days ago

1 min read

Investor returns could suffer from low renewable energy pric...

Speaking at the Irena Assembly in Abu Dhabi on Wednesday, EU energy commissioner Kadri Simson said that reducing European electricity pri...

246 days ago

1 min read

UN’s Net-Zero Alliance releases ambitious protocol to ...

The UN-led Net-Zero Asset Owner Alliance launches the fourth edition of its Target-Setting Protocol. Covering most major asset classes fo...

246 days ago

2 min read

Biden to announce winners of $2 billion in green tax credits...

Siemens Energy Inc., a renewable energy firm, and Danish electrolyzer manufacturer Topsoe A/S are among the numerous recipients poised to...

246 days ago

2 min read

Banks wake up as physical risks of climate change rapidly gr...

As banks strive to limit global warming to 1.5°C, they face increasing financial risks. With each temperature rise, the threat of econom...

246 days ago

2 min read

Scotiabank issues first €1 billion green bond in European ...

Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns wit...

247 days ago

1 min read

EPA establishes national limits on ‘forever chemicals’ i...

The Environmental Protection Agency (EPA) has set nationwide restrictions on six varieties of perfluoroalkyl and polyfluoroalkyl substanc...

247 days ago

2 min read

Apple to expand its clean energy investment by 2030

Apple announced its decision to ramp up clean energy initiatives worldwide towards achieving carbon neutrality across its operations by 2...

247 days ago

2 min read

White House renews talks on declaring climate emergency

White House officials are revisiting the possibility of declaring a national climate emergency, a groundbreaking action that could grant ...

247 days ago

2 min read

Climate change to cause $38 trillion losses a year by 2049

Climate change is projected to cause annual economic losses totaling $38 trillion by 2049, according to findings from the Potsdam Institu...

247 days ago

2 min read

Kenya’s carbon credits attract attention from Netflix,...

According to a new report by the World Bank, companies like Netflix, Apple, and Shell are investing in Kenya's carbon credits. Kenya is A...

248 days ago

1 min read

Green data centres help drive investments in Southeast Asia,...

A report released Monday highlights a notable rise in green investments across Southeast Asia in 2023, driven partly by green data center...

248 days ago

2 min read

Smart energy company completes Series C funding of $55 milli...

GridBeyond, a smart energy company, has completed a Series C funding round of €52M ($55 million). This funding will aid the company in ...

248 days ago

1 min read

Dubai comes to a standstill as cloud seeding causes heavy ra...

Torrential rains have caused flooding across the United Arab Emirates, leading to flight cancellations, school closures, and traffic jams...

248 days ago

1 min read

Germany’s coal mines emit more methane than reported, stud...

According to a recent analysis by Ember, German coal mines emit significantly more methane than officially reported to the United Nations...

248 days ago

2 min read

Industrial gas manufacturer receives funding to build hydrog...

On Monday, Air Products and Chemicals, an industrial gas manufacturer based in Pennsylvania, announced that it had secured funding to con...

249 days ago

1 min read

Singapore’s carbon management firm and Malaysian Universit...

Universiti Teknologi Malaysia (UTM) and Climate Resources Exchange International (CRX) from Singapore have signed a Memorandum of Underst...

249 days ago

2 min read

India’s Mahindra Group to invest ₹1,200 crore in hybrid ...

On Monday, Mahindra Group declared a Rs 1,200 crore investment in renewable energy projects in India, including a 150 MW hybrid project c...

249 days ago

2 min read

Mexico’s presidential candidate vows $13.6 billion to boos...

The frontrunner for Mexico's presidency, Claudia Sheinbaum, has proposed a plan to allocate approximately $13.6 billion towards expanding...

249 days ago

2 min read

Azerbaijan to address disagreements on climate finance at CO...

The Presidency has begun preparations for the upcoming UN climate talks in Baku this November. Officials from Azerbaijan, the host nation...

249 days ago

2 min read

EU, UK continue to lead G20 in low-carbon policies: report 

Since the first edition in 2021, the EU and the UK have consistently held the leading positions in BloombergNEF's assessment of the Group...

250 days ago

1 min read

India braces for soaring temperature as parts of the nation ...

India is preparing for a temperature surge in the upcoming weeks, which could strain power grids and endanger lives, especially as electi...

250 days ago

1 min read

Biodel Ag, Carbon Asset Solutions partner to deliver accurat...

Biodel Ag, a US company specializing in regenerative agriculture carbon projects, has partnered with Carbon Asset Solutions Ltd., a carbo...

250 days ago

1 min read

Climate advocates push Japan’s top banks for stricter ...

Climate groups, including Australia's Market Forces, Japan's Kiko Network, and a representative from the Rainforest Action Network, have ...

250 days ago

2 min read

Debt-for-nature swaps could generate $100 billion for climat...

A recent report by the International Institute for Environment and Development (IIED), a UK-based non-profit organization, suggests that ...

250 days ago

2 min read

Trump victory no threat to ESG funds, assures Impax CEO

Ian Simm, founder and CEO of Impax Asset Management, believes that investment funds emphasizing environmental, social, and governance (ES...

253 days ago

1 min read

Oklahoma sues two energy companies, accusing them of manipul...

According to a press release from the Oklahoma Attorney General's office on Wednesday, the state has filed a lawsuit against two energy c...

253 days ago

2 min read

US achieves clean energy milestone on public lands

On Thursday, the Biden administration announced that the United States had surpassed its target of permitting over 25 gigawatts of clean ...

253 days ago

1 min read

Leaders under pressure to resign as SBTi alters carbon credi...

The board and CEO of the Science Based Targets initiative faced calls to step down following changes to the United Nations-backed guideli...

253 days ago

1 min read

Japan’s greenhouse gas emissions drop to record low

Government data revealed that Japan experienced a 2.5% decline in greenhouse gas emissions, reaching a historic low during the fiscal yea...

253 days ago

2 min read

Technology provider releases first sustainability report

Tango has taken a significant step in its sustainability efforts by releasing its first Sustainability Report for 2023. In this report, T...

255 days ago

2 min read

Global carbon credit market to hit $84.4 billion by 2050

As efforts to combat climate change intensify, there are currently 73 carbon pricing mechanisms in operation worldwide as of April 1, 202...

255 days ago

2 min read

EPA decision on California EV rules upheld by US court

On Tuesday, a US appeals court upheld the Environmental Protection Agency's ruling, allowing California to establish its regulations for ...

255 days ago

2 min read

EU pushes back against Chinese clean-tech investments, favor...

The European Union intensified its scrutiny of Chinese clean-tech investments, raising concerns about the potential displacement of local...

255 days ago

2 min read

US EPA introduces rule on cutting chemical plant pollution

On Tuesday, the US Environmental Protection Agency officially enacted a regulation to diminish cancer-causing toxic air emissions from ch...

255 days ago

2 min read

Chevron to invest in ION Clean Energy, aims at carbon captur...

Chevron New Energies (CNE), a division of Chevron Inc., has invested significantly in ION Clean Energy (ION), a technology company based ...

260 days ago

2 min read

US SEC pauses climate disclosure mandates for pending judici...

Amid political criticism, the US Securities and Exchange Commission (SEC) has postponed implementing new climate-related disclosure requi...

260 days ago

2 min read

Fed will resist political pressure to pursue green goals: Po...

During his address at Stanford University on Wednesday, Fed Chairman Jerome Powell stressed that the Federal Reserve is not a climate reg...

261 days ago

2 min read

GCM strengthens real estate investments team 

Greenbacker Capital Management (GCM) has bolstered its real estate investments team with the appointment of Evan Sherman as Head of Real ...

261 days ago

2 min read

Renewable energy growth falls short of climate targets, says...

According to a report released on Thursday by the prominent think tank REN21, the global addition of renewable energy capacity fell short...

261 days ago

1 min read

Investors show a growing appetite for environment-conscious ...

Amidst a changing landscape in investment strategies, sustainable investing emerges as a compelling avenue for those seeking broader obje...

261 days ago

2 min read

US Treasury Chief hints at action against China’s clea...

On Wednesday, US Treasury Secretary Janet Yellen did not dismiss the possibility of taking further measures to safeguard American clean e...

261 days ago

2 min read

Citigroup, JPMorgan, Royal Bank of Canada to disclose a new ...

Citigroup, JPMorgan, and the Royal Bank of Canada (RBC) will introduce a new climate measure under deals by New York City Comptroller Bra...

261 days ago

2 min read

Australia to invest $1 billion in solar panel manufacturing

Australian Prime Minister Anthony Albanese has unveiled the Solar Sunshot program to bolster the nation’s renewable energy sector and c...

262 days ago

2 min read

Power supplier TVA to shut down 9 coal-fire plants, rebuild ...

In a press release on Tuesday, power supplier Tennessee Valley Authority (TVA) announced its decision to retire the Kingston Fossil Plant...

262 days ago

1 min read

EVs to overtake petrol cars in Norway by end of this year 

According to calculations by Reuters and analysts, Norway is on course to have more battery electric vehicles (BEVs) on its roads than pe...

262 days ago

2 min read

EU’s $43 billion fund to be the high-stakes bet on Eur...

Early outcomes from the European Union's Innovation Fund, a €40 billion ($43 billion) investment initiative pivotal to Europe's zero-ca...

262 days ago

2 min read

Taiwan hit by the strongest earthquake in a quarter of a cen...

Taiwan experienced its most powerful earthquake in twenty-five years, which collapsed numerous buildings on the eastern side of the islan...

262 days ago

2 min read

Asset management firm to lead $50 billion investment in offs...

Through its offshore wind unit Corio Generation Ltd., Macquarie Asset Management is investing $50 billion in offshore wind projects acros...

262 days ago

2 min read

Malaysia’s Petronas and JERA signs agreement for carbo...

Malaysia's state-run energy firm Petronas announced on Tuesday a partnership with Japanese power generation company JERA to assess the vi...

263 days ago

1 min read

Swedish steelmaker to invest $4.8 bln mln in fossil-free ste...

Sweden’s SSAB announced on Tuesday that it plans to invest 4.5 billion euros ($4.83 billion) in constructing a fossil-free mini-mill in...

263 days ago

1 min read

31 countries hit 5% EV sales, signaling mass adoption: analy...

According to a Bloomberg Green analysis, electric vehicles have reached a pivotal tipping point globally, with 31 countries surpassing th...

263 days ago

2 min read

Goldman Sachs Renewables MN8 raises $325 million funding

MN8 Energy, a producer of solar energy and energy storage, announced it had secured $325 million through a private placement of convertib...

263 days ago

2 min read

China’s power firm revamps natural gas business post solar...

GCL Holdings, a privately owned Chinese energy company, is shifting its focus to developing a natural gas business. According to company ...

263 days ago

2 min read

Climate-driven Amazon drought spurs devastating wildfires in...

On Monday, data showed Venezuela facing a surge in wildfires due to a drought linked to climate change in the Amazon rainforest region.

263 days ago

2 min read

JX Nippon and Chevron sign MOU to explore CCS collaboration

In a significant move towards advancing lower carbon solutions, JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a d...

264 days ago

2 min read

India’s hydropower plummets to 38-year low amid errati...

According to a Reuters analysis of government data, India experienced its most significant decline in hydropower output in at least 38 ye...

264 days ago

2 min read

Citi says 40% energy clients lack greenhouse gas reduction p...

Nearly half of the energy companies Citi Bank provides lending to lack strategies for reducing greenhouse gas emissions, as disclosed in ...

264 days ago

2 min read

The focus of govt incentives will go into green mobility: Hi...

Global investment in clean energy has surged to unprecedented levels, reaching a staggering US$1.77 trillion, as revealed by the latest E...

264 days ago

2 min read

US finalizes tighter tailpipe emissions standards for heavy-...

On Friday, the US government announced it was in the final stages of implementing more stringent tailpipe emissions standards for heavy-d...

264 days ago

2 min read

US landfill methane output underestimated by 40%: study

A recent study published in Science reveals that methane emissions from prominent US landfills are, on average, 40% higher than previousl...

264 days ago

2 min read

Solar industry set to soar as US grapples with insatiable en...

As Dan Shugar, the CEO of Nextracker Inc., stated, the unyielding demand for electricity in the United States is poised to overshadow obs...

264 days ago

2 min read

New York set new records for hourly wind and solar generatio...

On Monday, New York's power grid operator announced that the state achieved new hourly wind and solar generation records.

269 days ago

1 min read

Shipping industry faces regulatory hurdles in the race to de...

Global shipping companies are feeling mounting pressure to reduce their carbon emissions. However, executives point to the complexity ari...

269 days ago

2 min read

China faces infrastructure strain amid record solar and wind...

Following a surge in solar and wind power installations last year, multiple regions across China are experiencing difficulties managing f...

269 days ago

2 min read

New study reveals 80% of sustainable bonds fail to meet glob...

New research from the investor-oriented nonprofit Climate Bonds Initiative (CBI) indicates that over 80% of the 768 sustainability-linked...

269 days ago

2 min read

EU countries call for urgent revision of anti-deforestation ...

According to a document examined by Reuters on Monday, a coalition of EU nations, led by Austria, is urging immediate revisions to the bl...

270 days ago

2 min read

NATO debuts as a climate tech investor 

NATO, the military alliance, has ventured into startup acceleration with its Defense Innovation Accelerator for the North Atlantic (DIANA...

270 days ago

2 min read

Biden administration to invest $6 billion in industrial deca...

The US Department of Energy (DOE) announced the selection of 33 projects slated to receive funding of up to $6 billion. These initiatives...

270 days ago

2 min read

Regulators address seabed mining challenges amidst EV batter...

A marine scientist has emerged as a potential new leader for the International Seabed Authority (ISA), signalling a possible shift in the...

270 days ago

2 min read

Audubon Zoo teams up with Entergy & NASA for ‘Part...

In collaboration with conservation allies such as Entergy and NASA, Audubon Zoo is set to host "Party for the Planet: Spring into Action,...

270 days ago

2 min read

Real estate investors grapple with CO2 shock, turn to lawyer...

Real estate investors, already struggling with high interest rates, are now confronting the potential for substantial losses prompted by ...

270 days ago

2 min read

Green jobs rise as sustainability investments grow: report

According to a 2024 Capgemini report on global investment trends, more than 52% of organizations are projected to boost their investments...

271 days ago

2 min read

Invesco unveils $2.1 billion fund tackling water scarcity, a...

On World Water Day, analyst Mahi Roy highlighted five US-based funds and several companies dedicated to enhancing water access quality an...

271 days ago

2 min read

US judge issues temporary block on $649 million clean energy...

According to attorneys involved in the case, a federal judge, on Friday, temporarily blocked a land swap needed before developers can bui...

271 days ago

2 min read

AI is a key tool in businesses reducing carbon footprint: Ti...

During a climate change dialogue at the China Development Forum, Tim Cook, the CEO of Apple Inc., emphasized the importance of artificial...

271 days ago

2 min read

Study links West Africa’s intense February heatwave to...

A scorching heatwave that hit West Africa in February has been determined by a study to have been intensified by 4 degrees Celsius and ma...

274 days ago

2 min read

Fossil fuel firms could face homicide charges for climate-re...

A groundbreaking legal theory is gaining traction among researchers, suggesting that fossil fuel companies, identified as the primary con...

274 days ago

2 min read

HSBC, NatWest face allegations of funding North Sea oil extr...

Two prominent UK high street banks stand accused of continuing to finance the expansion of fossil fuels in the North Sea despite having p...

274 days ago

2 min read

Highly accurate AI model by Google to predict floods in adva...

Globally, climate change is exacerbating the frequency and severity of flooding events. However, artificial intelligence (AI) holds promi...

274 days ago

2 min read

Multilateral lender approves $85 million investment for Nort...

The Climate Investment Funds (CIF), a multilateral lender, announced on Wednesday its approval of an $85 million investment aimed at assi...

274 days ago

2 min read

Chevron resolves Kern County oil spills with $13 million set...

According to the California natural resources agency on Wednesday, Chevron has agreed to settle with two California state agencies for pr...

275 days ago

2 min read

US raises alarm over foreign hackers carrying out cyberattac...

In a letter made public on Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Reg...

275 days ago

2 min read

Australia faces urgent need for investment to prevent energy...

According to the grid operator, Australia, a major natural gas exporter, urgently needs investment to avert shortages in several densely ...

275 days ago

1 min read

Morgan Stanley’s asset management arm eyes $1 billion ...

According to individuals familiar with the situation, Morgan Stanley's asset management division intends to secure a minimum of $1 billio...

275 days ago

1 min read

The world is ‘losing the battle’ against electronic wast...

On Wednesday, a UN expert warned that the global struggle against electronic waste is faltering. This caution comes in the wake of a repo...

275 days ago

2 min read

Biden’s latest move on auto emissions expected to spar...

On Wednesday, the Biden administration implemented strict tailpipe emission limits to curb pollution from the country's cars and light tr...

275 days ago

2 min read

Swiss National Bank stands firm on investment policy despite...

The Swiss National Bank (SNB) has reiterated its stance on environmental considerations, stating that it will not alter its investment st...

276 days ago

2 min read

Stellantis and California reach an agreement on vehicle emis...

On Tuesday, Stellantis, Chrysler's parent company, and the state of California finalized an emissions agreement. This accord comes after ...

276 days ago

2 min read

UK bank funds Greensphere’s venture into nature, climate r...

On Wednesday, Greensphere Capital announced that it had secured backing from the UK Infrastructure Bank (UKIB) for its first fund, which ...

276 days ago

1 min read

Only 10 countries met air quality guidelines by WHO in 2023Â...

A recent analysis revealed that in the past year, only 10 nations and approximately 9% of cities worldwide met the air quality standards ...

276 days ago

2 min read

Air New Zealand explores partnership for green fuel supply t...

On Wednesday, Air New Zealand invited startups operating in the sustainable aviation fuel (SAF) sector to seek potential supply partners ...

276 days ago

2 min read

US-China take proactive steps in methane emission reduction,...

According to the deputy US special envoy on climate change, cooperation between the United States and China regarding methane reduction i...

276 days ago

2 min read

Ed Miliband warns of Sunak and ministers dividing over UK...

In a speech, Ed Miliband, Labour shadow energy minister, warned that Sunak and other ministers are fueling division over the UK's net zer...

277 days ago

2 min read

World’s largest solar manufacturer to slashes one-third of...

The largest solar manufacturer globally has decided to downsize its workforce by almost a third following an unsuccessful cost-cutting in...

277 days ago

2 min read

Hedge fund veteran proposes carbon footprint strategy for ba...

To tackle climate change, alternative investment expert Andrew Hohns is pioneering a strategy to help banks slash their carbon footprint....

277 days ago

2 min read

Germany & Canada agree to kickstart trade of hydrogen 

Canada and Germany have agreed on steps to promote the trade of hydrogen, a cleaner alternative to fossil fuels. Both countries will cont...

277 days ago

2 min read

Britain’s National Grid proposes $74 billion energy system...

Britain's National Grid has proposed a £58 billion ($74 billion) investment plan to enhance grid networks beyond 2030, anticipating the ...

277 days ago

2 min read

China falls short of reaching 2025 green steel goals

Researchers, on Tuesday, said that China is not meeting expectations in reducing the carbon footprint of its vast steel industry. They at...

277 days ago

2 min read

Transition finance key to achieving Southeast Asia’s n...

Experts suggest that Southeast Asia has the potential to lead the global push towards achieving net-zero emissions, contingent upon the r...

278 days ago

2 min read

Building Information Modelling tech to develop sustainable p...

Building Information Modelling (BIM) is emerging as a highly influential initiative for creating sustainable real estate projects. BIM in...

278 days ago

2 min read

Britain’s home heating emission goals stalled by lack ...

Most of Britain's homes use gas for heating, contributing about 18% of the country's total greenhouse gas emissions. The government aims ...

278 days ago

2 min read

US appeals court temporarily halts SEC climate disclosure ru...

On Friday, a US appeals court temporarily halted the implementation of new Securities and Exchange Commission (SEC) rules mandating publi...

278 days ago

2 min read

Exxon CEO takes aggressive climate stance amid industry boom

Darren Woods, the CEO of Exxon Mobil Corp., is fighting back after facing criticism from both environmentalists and investors during his ...

278 days ago

2 min read

Top oil executives & ministers arrive at the world’s l...

This week, oil industry leaders and government officials gather in Houston for a significant energy conference, encouraged by major merge...

278 days ago

2 min read

US to invest in $750 million to reduce costs of clean hydrog...

The US Department of Energy (DOE) declared its intention to allocate $750 million towards a series of projects with the objective of subs...

281 days ago

2 min read

CIWM launches new fund for circular economy businesses

The Chartered Institution of Wastes Management (CIWM) has introduced a new fund to assist circular economy businesses in their growth by ...

281 days ago

2 min read

Google joins US DOE with $35 million carbon removal credit p...

Google unveiled a new pledge to secure a minimum of $35 million worth of carbon removal credits within 12 months. This commitment is alig...

281 days ago

2 min read

Solar battery sales jump 26% in German households in 2024 

On Thursday, the industry association BVES announced that sales of home solar electricity storage batteries in Germany could increase by ...

281 days ago

2 min read

Antarctic scientists raise alarm on bird flu following confi...

Antarctic scientists are issuing warnings about the transmission of a highly contagious H5N1 avian flu virus, initially identified on the...

281 days ago

2 min read

US Chamber of Commerce files lawsuit against SEC over climat...

On Thursday, the US Chamber of Commerce announced that it has initiated legal action against the US Securities and Exchange Commission's ...

281 days ago

1 min read

Shell revises 2030 carbon emissions reduction target 

Shell announced on Thursday that it had revised its target to reduce the intensity of its overall carbon emissions by 2030, attributing t...

282 days ago

2 min read

Germany’s emissions goal demands sixfold surge in EV s...

According to a study, Germany must experience a significant turnaround in the momentum of electric vehicle (EV) sales if it hopes to meet...

282 days ago

2 min read

Banking climate coalition to report on capital markets relat...

On Wednesday, a climate coalition supported by the United Nations and focused on banking released revised guidelines for its members. 

282 days ago

2 min read

Texas fires release record carbon dioxide in January, Februa...

In January and February, extensive wildfires in Texas emitted 920,000 metric tons of carbon dioxide, marking the second-highest release f...

282 days ago

2 min read

Apple suppliers to join its green investment fund

Taiwan Semiconductor Manufacturing Co. (TSMC) and Murata Manufacturing Co., suppliers to Apple Inc., are joining the iPhone maker’s gre...

282 days ago

1 min read

US climate envoy urges Japan to accelerate renewables, offsh...

During his visit to Japan, John Podesta, the top US climate envoy, stressed the importance of speeding up the use of renewable energy, es...

282 days ago

2 min read

African nations block solar geoengineering proposal at UN En...

Last week, during the UN Environmental Assembly in Nairobi, African countries spearheaded a successful resistance against a proposed reso...

283 days ago

1 min read

Waste-to-energy technology raises environmental concerns 

Waste-to-energy technology, a waste disposal method by incinerating materials like paper, plastic and wood, has created concerns among en...

283 days ago

2 min read

Global investment firm appoints specialized team to identify...

Permira, a global investment firm, has established a dedicated team to identify investment opportunities in the climate transition sector...

283 days ago

1 min read

EU Parliament passes law to make buildings energy-efficientÂ...

On Tuesday, the European Parliament passed new legislation mandating member states to accelerate building renovations to enhance energy e...

283 days ago

2 min read

Mango to choose adaptable clothing as climate change makes f...

Mango, the Spanish retailer, is focusing on adaptable clothing to assist customers in coping with unpredictable temperature fluctuations ...

283 days ago

2 min read

US power consumption to reach record highs in 2024 and 2025:...

According to the US Energy Information Administration's Short-Term Energy Outlook released on Tuesday, power consumption in the United St...

283 days ago

2 min read

Blended finance key for India’s $1 trillion climate ta...

India requires approximately $1 trillion by 2030 to fulfill its climate change adaptation objectives. To mobilize private investments, In...

284 days ago

2 min read

Climate fund investors, Microsoft pour $18 million into Kone...

Konexa, a UK-based integrated energy development and investment platform, has finalized financial arrangements and invested $18 million.Â...

284 days ago

2 min read

Alberta’s ban on renewables could halt $8.24 billion f...

According to a study released on Monday, Alberta's prohibition on select renewable projects could jeopardize investments worth C$11.1 bil...

284 days ago

2 min read

Morocco allocates 1 million hectors to green hydrogen projec...

On Monday, the Moroccan government announced its intention to allocate 1 million hectares to green hydrogen projects, with an initial pha...

284 days ago

1 min read

Canada & US to review cross-border dispute over coal min...

As announced on Monday, Canada and the United States have jointly agreed to assess a longstanding cross-border conflict concerning the co...

284 days ago

2 min read

Japan approves installation of offshore wind power in exclus...

On Tuesday, Japan's government greenlit a proposed amendment to current laws, enabling the establishment of offshore wind power within ex...

284 days ago

1 min read

EVs cannot fix ‘car harm’, study says 

While electric vehicles (EVs) promise cleaner air and reduced climate pollution, a recent analysis suggests that even a complete global t...

285 days ago

2 min read

Blended-wing aircraft pushes aviation towards net zero goals

In the history of aviation design, the landscape remained unchanged for a century, characterized by conventional tube-and-wing aircraft. ...

285 days ago

2 min read

AI could fuel climate misinformation, not solutions, warn en...

A coalition of environmental groups has cautioned against the notion that artificial intelligence will alleviate the climate crisis, warn...

285 days ago

2 min read

Europe not ready for accelerating climate risks, report says

The European Environment Agency (EEA) has issued its first risk assessment, indicating that Europe is not well-prepared for the quickly i...

285 days ago

2 min read

Deforestation in Brazil’s Amazon rainforest fell 30% i...

Government data released on Friday revealed a 30% decrease in deforestation across Brazil's Amazon rainforest in February compared to the...

285 days ago

1 min read

Texas pushes back against EPA’s new methane rule

In a move against federal regulations, Texas, the largest energy-producing state in the nation, lodged a complaint urging a court to halt...

285 days ago

2 min read

Extreme heat causes mass coral bleaching of Great Barrier Re...

A government agency reports that a mass coral bleaching event has impacted Australia's Great Barrier Reef. The event was likely triggered...

288 days ago

2 min read

US Treasury steps away from collecting insurer data on clima...

The US government is shifting away from collecting data on home insurance prices and availability at the zip code level as premiums rise ...

288 days ago

2 min read

Rondo Energy partners with battery startup to cut Europe’s...

A fresh collaboration between a multinational energy corporation and a battery startup utilizing heated bricks could alleviate Europe's e...

288 days ago

2 min read

Unilever announces new climate goals despite ESG concerns

Unilever Plc is setting more ambitious goals to reduce emissions, targeting suppliers and stores that sell its brands, despite investor c...

288 days ago

2 min read

Bengaluru’s acute water shortage hurts international f...

Bengaluru's severe water scarcity is impeding production at its garment factories, doubling restaurant water expenses, and compelling man...

288 days ago

2 min read

Green groups slam SEC over exclusion of Scope 3 emissions in...

The US Securities and Exchange Commission approved new climate disclosure requirements for public companies, part of the Biden administra...

288 days ago

2 min read

Ocean temperatures hit a record high in February

In February, ocean temperatures reached an unprecedented peak, according to the European Union's Copernicus Climate Change Service (C3S)....

289 days ago

2 min read

Tesla cuts ties with Australian auto lobby over fuel standar...

On Thursday, Tesla announced its decision to withdraw from Australia's major auto lobby and resign from its board, alleging that the orga...

289 days ago

1 min read

GE’s energy spin-off expects offshore wind boost

During an investor day in New York, executives of General Electric's energy spin-off, GE Vernova, announced on Wednesday their anticipati...

289 days ago

1 min read

Republicans, industry groups file lawsuit against EPA over s...

On Wednesday, a coalition of Republican-led states and industry groups filed three lawsuits contesting a recent US Environmental Protecti...

289 days ago

2 min read

US SEC adopts climate-related risk disclosure rules 

A West Virginia Attorney General's Office spokesperson announced on Wednesday that ten states led by Republicans have initiated legal act...

289 days ago

2 min read

US solar industry to benefit from Inflation Reduction Act th...

In 2024, the US solar industry is projected to maintain its growth, following its significant contribution of over 50% of new electricity...

290 days ago

2 min read

Apple pulls the plug on its EV building project 

According to reports, Apple has canceled its electric vehicle (EV) project, a decade after rumors first emerged about the iPhone maker's ...

290 days ago

2 min read

Brazil’s energy industry pushes for new hydroelectric ...

Brazil's energy sector is initiating a new effort to construct additional hydroelectric plants alongside the rising number of solar and w...

290 days ago

2 min read

EU wins WTO battle over palm oil biodiesel

On Tuesday, the European Union succeeded at the World Trade Organization when a panel dismissed Malaysia's complaint against the EU's dec...

290 days ago

2 min read

Singapore’s biggest bank grows sustainable financing t...

Singapore's largest bank, DBS Group, announced on Wednesday that it had increased its sustainable financing commitments by 37.3% to 70 bi...

290 days ago

1 min read

US refiner joins Summit’s carbon capture project 

On Monday, Summit Carbon Solutions, an Iowa-based private company, announced that US refiner Valero Energy Corp would participate in its ...

291 days ago

1 min read

Indian companies eye major investments in coal-fired power

Private Indian companies have shown interest in constructing at least 10 gigawatts (GW) of coal-fired power capacity over the next ten ye...

291 days ago

1 min read

Africa set to fall $2.5 trillion short of climate finance by...

A UN official stated that Africa will lack $2.5 trillion in climate finance by 2030 despite contributing the least to greenhouse gas emis...

291 days ago

1 min read

France aims to curb fast fashion’s environmental impac...

French ruling-majority MPs propose a new bill suggesting penalties of up to 50% of the selling price for fast fashion brands like Shein.Â...

291 days ago

2 min read

Climate tech firm trials fast-paying flood insurance in Afri...

Floodbase, a New York-based climate tech firm specializing in satellite flood tracking, announced plans to roll out parametric flood insu...

291 days ago

2 min read

Green bond sales hit record $54.7 billion in February, marks...

Green bonds, the largest type of sustainable debt, experienced their busiest February ever amidst a surge of global debt offerings.

291 days ago

1 min read

EV boom will boost US lithium imports from Chile, says Yelle...

Janet Yellen, the US Treasury Secretary, expects that the growing demand for lithium, a crucial element in electric vehicle batteries, wi...

292 days ago

2 min read

MAN Energy Solutions to deliver first-ever ammonia-fuelled s...

MAN Energy Solutions intends to supply its inaugural ammonia-fueled engine for installation on a new vessel in Japan later this year, wit...

292 days ago

1 min read

One-fifth of Mekong river fish species near extinction: repo...

Unsustainable development threatens the health and biodiversity of the Mekong River, says a report from conservation groups revealing tha...

292 days ago

2 min read

Invesco becomes the fifth major asset manager to exit climat...

On Friday, Invesco became the fifth prominent US investor to withdraw or reduce its participation in the Climate Action 100+ coalition of...

292 days ago

1 min read

California faces dangerous wind gusts, while Texas wildfires...

California and the US West still confront dangerous wind gusts and heavy snow until the week's start. Additionally, high winds increase f...

292 days ago

1 min read

Regulatory hurdles & greenwashing deter clients from $1....

As highlighted by insiders, corporate clients are increasingly withdrawing from the world's second-largest ESG debt market due to added r...

292 days ago

2 min read

Spanish bank to invest $54 million in solar energy venture i...

Spanish investment bank Banca March and its clients will invest €50 million ($54 million) in a clean energy initiative to construct 1.8...

295 days ago

1 min read

UK ministers accused of shifting aid funds to meet climate f...

Ministers face allegations of "moving the goalposts" to fulfill the UK’s global climate promises, as £1.7bn from the aid budget is red...

295 days ago

2 min read

Texas wildfire engulfs record 1.1 million acres, marks state...

A colossal fire rages across the Texas Panhandle and parts of Oklahoma, engulfing nearly 1.1 million acres (equivalent to 1,700 square mi...

295 days ago

2 min read

BBVA to launch new global finance unit for clean technologie...

BBVA of Spain will establish a new global finance unit focusing on clean technologies and innovation to grow its sustainable business, an...

295 days ago

1 min read

Cutting emissions is “essentially” the responsib...

UN Secretary-General Antonio Guterres stated that cutting emissions is "essentially" the duty of G20 nations, the biggest polluters. He u...

295 days ago

1 min read

Biden EPA trims power-plant rule, eyes future gas fleet rest...

The Biden administration is refining its plan to reduce greenhouse gases from electricity and will set stricter pollution limits for natu...

295 days ago

2 min read

US SEC to vote on climate disclosure rules

The US Securities and Exchange Commission (SEC) will decide whether to implement rules mandating that US-listed firms disclose climate-re...

296 days ago

1 min read

Global waste production to skyrocket by 2050: UN report 

By 2050, waste generated by the public will increase substantially, leading to hundreds of billions of dollars in damage due to biodivers...

296 days ago

2 min read

UK’s helium-filled aircraft begins safety approval process...

Britain's Hybrid Air Vehicles (HAV), a company working to enable travel on a large helium-filled aircraft by the end of the decade, annou...

296 days ago

1 min read

New Zealand to review forestry costs in emissions trading sc...

The New Zealand government announced it will start an independent review of the expenses related to the forestry part of the country's Em...

296 days ago

1 min read

EU’s corporate supply chain law stalls; faces backlash...

A law in the European Union aimed at improving corporate supply chains has been stopped by the largest member states, pushing negotiators...

296 days ago

1 min read

TotalEnergies and Chevron join methane abatement initiative ...

Energy giants TotalEnergies and Chevron, alongside major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation In...

297 days ago

2 min read

EU eases gas consumption rules as energy crisis shows improv...

The European Commission urges EU nations to continue reducing gas usage but has made the policy voluntary, showing optimism that the wors...

297 days ago

1 min read

Univers and Citi partner to enable seamless purchase of volu...

Univers, a prominent player in decarbonization technology, and Citi have joined forces to introduce an innovative software solution facil...

297 days ago

2 min read

Glencore to buy Shell’s Singapore assets as earlier suitor...

Glencore, a Swiss miner and commodities trader, is considering purchasing Shell's oil refinery and petrochemical units in Singapore. 

297 days ago

1 min read

Europe’s heat pump sales fall for the first time in 10 yea...

Heat pump sales in Europe dropped last year, marking the first decline in ten years. Falling natural gas prices, higher interest rates, a...

297 days ago

1 min read

Boeing-backed startup to build carbon capture plant in Singa...

Boeing-backed startup Equatic is constructing a demonstration plant in Singapore to extract carbon dioxide from the air and generate hydr...

297 days ago

1 min read

US EPA to launch cleanup projects at hazardous waste sites w...

On Tuesday, the US environmental regulator announced new cleanup initiatives at 25 hazardous waste sites spanning from New Jersey to Oreg...

297 days ago

1 min read

EU inches closer to 2030 wind power goal: report 

The European Union is on track to achieve its wind power goal for 2030, thanks to increased investment and better-permitting processes, a...

297 days ago

2 min read

Brazil partners with largest climate finance alliance to fun...

Brazil, on Monday, revealed its collaboration with the world's largest financial climate coalition to enhance funding for clean energy an...

298 days ago

2 min read

Germany proposes draft law to enable carbon capture and stor...

Germany's economy and climate ministry have unveiled proposals for legal changes to facilitate the deployment of carbon capture and stora...

298 days ago

1 min read

EU import charges on carbon-intensive products expected to h...

According to research by the Asian Development Bank (ADB), the European Union's (EU) Carbon Border Adjustment Mechanism (CBAM) is project...

298 days ago

1 min read

IMF advises Pacific Islands to explore debt-for-nature deals

Pacific Islands facing the most sea-level threats should explore debt-for-nature agreements due to unsustainable traditional loans, sugge...

298 days ago

2 min read

Activists push back against EU’s decision to exclude b...

Climate activists urge the European Union to rethink its choice to leave banks out of a crucial deforestation rule, aiming to avoid an of...

298 days ago

2 min read

Italy approves $6.8 billion package for tech and green trans...

Prime Minister Giorgia Meloni's government has given the green light to a €6.3 billion ($6.8 billion) package to support Italian indust...

298 days ago

1 min read

Regulators rush to seal Biden’s climate plans before s...

US federal regulators are rushing to finalize climate initiatives proposed by the Biden administration. These initiatives cover many area...

298 days ago

2 min read

PM Rishi Sunak faces criticism for attending anti-climate ch...

As revealed by the Observer, UK Prime Minister Rishi Sunak attended a protest with a group known for spreading climate change conspiracy ...

299 days ago

2 min read

Stellantis will stick to EU’s 2035 ban on fossil fuel ...

In an interview with German media outlet Welt, Stellantis CEO Carlos Tavares stated that the company aims to support the European Union's...

299 days ago

1 min read

Canada’s 2030 emissions goal at risk as businesses hes...

A new report warns that Canada is struggling to meet its 2030 emissions target because businesses are holding off on low-carbon projects ...

299 days ago

2 min read

Vietnam’s VinFast starts EV facility in India’s Tamil Na...

VinFast Auto Ltd., a Vietnamese car manufacturer, began building its electric vehicle (EV) factory in Tamil Nadu, southern India. The fac...

299 days ago

2 min read

EU’s carbon tariffs risk straining Asian economies, of...

The Asian Development Bank (ADB) reported that the European Union's plan to impose tariffs on high-carbon imports might harm developing A...

299 days ago

2 min read

Google’s new AI technique hunt for clean electricity to co...

Big tech companies are rushing to reduce the environmental impact of their vast data centres worldwide. They're starting to use an AI met...

299 days ago

2 min read

Thermal battery maker raises $150 million investment led by ...

On Thursday, Antora Energy, a thermal battery manufacturer, announced that it has secured $150 million in funding. 

302 days ago

2 min read

France’s Engie takes $774 million blow on US onshore w...

On Thursday, France's Engie announced a 714 million euro ($774 million) impairment charge for last year due to issues with onshore wind t...

302 days ago

2 min read

World’s biggest climate investor group seeks to strengthen...

The largest climate investor group, Climate 100+ (CA100+), reassured its members that its methods comply with US antitrust and securities...

302 days ago

2 min read

Braya completes conversion of refinery, starts renewable die...

On Thursday, Braya Renewable Fuels started producing renewable diesel at Canada's Come-by-Chance refinery post its transition.

302 days ago

1 min read

US regulatory body omits certain emissions disclosure mandat...

The US Securities and Exchange Commission (SEC) has decided to remove some of the ambitious greenhouse gas emission disclosure rules from...

302 days ago

1 min read

Climate change raises concerns of more deadly wildfires in C...

A recent report suggests that deadly wildfires, similar to the ones in central Chile that claimed at least 133 lives this month, could be...

303 days ago

1 min read

Carbon footprint concerns shake real estate market, investor...

Real estate firms are seeing a significant drop in property values because European rules push investors and bankers to avoid buildings w...

303 days ago

1 min read

SQM Lithium Ventures invests $9.4 million in EV battery recy...

SQM Lithium Ventures has put $9.4 million into Altilium, a British electric vehicle battery recycling company, to help it grow. 

303 days ago

1 min read

India’s Bengaluru faces acute water shortage

India’s tech city, Bengaluru, is experiencing severe water scarcity even before the peak summer months. Residents are rationing water a...

303 days ago

1 min read

Fixing onshore wind power business could take years, but pos...

Siemens Energy is confident it can address quality problems in its onshore wind division. Still, it might take several years, according t...

303 days ago

1 min read

US battery sales surge after California slashed rooftop subs...

Solar and battery storage firm Sunrun Inc. is experiencing a rise in battery sales in the US, notably in California, the country's larges...

303 days ago

1 min read

Brazil to roll out measures to help with foreign exchange he...

Brazil's government plans to introduce new measures next Monday to assist foreigners with foreign exchange hedges for their investments i...

303 days ago

1 min read

Britain to miss its decarbonisation targets for 2030, DNV pr...

Britain is expected to fall short of its goals to cut carbon emissions by 2030 and achieve net zero emissions by the middle of the centur...

303 days ago

1 min read

China’s 2023 rise in coal approvals puts climate goals at ...

In 2023, China waved the green flag for an additional 114 gigawatts (GW) of coal power capacity, marking a 10% increase from the previous...

303 days ago

1 min read

Britain withdraws from Energy Charter Treaty over failure to...

Britain announced on Thursday its decision to join other European nations in exiting the International Energy Charter Treaty. 

303 days ago

1 min read

Solar panel installations at home decline for the first time...

Last year, fewer Spaniards installed solar panels on their homes, marking the first decrease since 2018 as subsidies lost their impact. ...

304 days ago

1 min read

Brazil’s state run oil firm to invest $1.5 billion in deca...

Petrobras and its partners plan to invest about $1.5 billion to introduce decarbonization technology in one of their oilfields, according...

304 days ago

1 min read

Germany allocates up to $3.8 billion for future green hydrog...

According to the economy ministry, Germany plans to allocate up to 3.53 billion euros ($3.8 billion) in public funds for acquiring green ...

304 days ago

2 min read

Rio Tinto signs renewable power purchase agreement for Glads...

Mining giant Rio Tinto Ltd has partnered with renewable energy company Windlab to purchase a majority of the electricity from its upcomin...

304 days ago

1 min read

IEA’s reports influenced by governments’ low carbon targ...

The International Energy Agency (IEA) in Paris releases an annual report that significantly influences government policies and billions o...

304 days ago

1 min read

Campaign groups accuse UK’s climate strategy of misleading...

Three environmental groups have told London's High Court that Britain's new climate action plan is unlawful because ministers received in...

304 days ago

2 min read

Protest at PM Sunak’s residence lands climate activist...

Three Greenpeace activists will face charges for climbing onto Prime Minister Rishi Sunak's home in protest against the government's plan...

304 days ago

1 min read

Indonesia’s revised green investment regulations to in...

On Tuesday, Indonesia introduced an updated ‘taxonomy’ or green investment guideline. It now includes coal-fired power plants used in...

305 days ago

2 min read

IMF reaches agreement with Ivory Coast for $1.3 billion sust...

On Friday, the International Monetary Fund (IMF) announced that it had reached a staff-level agreement with Ivory Coast for a $1.3 billio...

305 days ago

1 min read

US to ease emission targets in climate push; slows EV transi...

According to Reuters sources, the Biden administration plans to ease yearly requirements until 2030 in its ambitious effort to reduce tai...

305 days ago

1 min read

Toyota faces scrutiny for cheating engine emissions tests

Japan's transport ministry is preparing to act against a Toyota Motor Corp affiliate for cheating engine emissions tests. This could invo...

305 days ago

1 min read

Asia pioneers in sustainable aviation fuel projects

Sustainable Aviation Fuel (SAF) are alternative fuels made from renewable sources for airplanes, which is essential for the aviation sect...

305 days ago

2 min read

Wall Street gives seal of approval to the Big Shale era 

The recent $26 billion merger of two Texas oil companies marks the latest in a series of deals propelling the era of Big Shale. Wall Stre...

305 days ago

2 min read

Activists barge into Canada finance minister’s office, ins...

Climate activists storm into Canadian Finance Minister Chrystia Freeland's Toronto office, urging the government to include bank climate ...

309 days ago

1 min read

ESG takes backseat, sees slowdown in sales of new exchange-t...

Interest in sustainable investing has dwindled over the past year due to political controversies surrounding environmental, social, and g...

309 days ago

1 min read

High-resolution satellite maps reveal coral reefs larger tha...

A new comprehensive high-resolution assessment of the world's corals reveals that the total area covered by coral reefs is more extensive...

309 days ago

1 min read

Solar use soars by 30% on US farms in five years; wind power...

According to the latest US Census of Agriculture, solar power is gaining popularity on American farms, with a 30% increase in photovoltai...

309 days ago

1 min read

Global leaders celebrate 50 years of IEA, discuss green futu...

Energy ministers, oil executives and green investors gathered this week to celebrate 50 years since the formation of the International En...

309 days ago

2 min read

JPMorgan, BlackRock backs out of biggest climate-investor gr...

JPMorgan Asset Management and State Street Global Advisors announced on Thursday that they are pulling out of Climate Action 100+. 

309 days ago

1 min read

India’s Bharat Petroleum to set up first-ever green hydrog...

Indian refiner Bharat Petroleum Corp Ltd (BPCL) announced on Wednesday its plan to establish the first green hydrogen plant within an air...

310 days ago

1 min read

US Treasury: Dealers reimbursed $135 million in EV tax credi...

The US government has refunded auto dealers approximately $135 million in advance electric vehicle (EV) tax credit payments from the begi...

310 days ago

1 min read

Global warming, drought & other disruptions could collap...

Scientists warned on Wednesday, in a study, that a combination of drought, heat, and other factors, including climate change, could colla...

310 days ago

1 min read

Canada rebrands carbon tax, highlights rebates

The Canadian government, aiming to protect its crucial carbon tax from opposition criticism, introduced a new branding strategy. 

310 days ago

1 min read

Investors grapple with the Scope 3 emissions in climate fina...

As asset managers initially pledged to align their portfolios with net-zero emissions, they largely sidestepped the critical issue of Sco...

310 days ago

1 min read

Google to help track methane polluters from space 

Tech giant Google will partner with the Environmental Defense Fund (EDF) to track methane emissions using the MethaneSAT satellite schedu...

310 days ago

2 min read

Carbon capture is not a solution for energy transition, says...

Andrew Forrest, the executive chairman of Fortescue Metals, stated at the 50th anniversary meeting of the International Energy Agency tha...

311 days ago

1 min read

Europe may need more private funds to achieve net zero goals

The EU may need to push more private funds into sustainable investments to achieve its net zero economy targets, as revealed in an EU dis...

311 days ago

1 min read

California agency rejects Stellantis bid to void 2019 state ...

A California agency turned down Stellantis' attempt to cancel a 2019 emissions deal with rival automakers. 

311 days ago

1 min read

French minister says public funds for climate efforts have e...

On Tuesday, French Finance Minister Bruno Le Maire emphasized that combating climate change now relies on private sector funding, as publ...

311 days ago

1 min read

EU plans diplomatic push for global carbon trading

According to the European Union’s (EU) climate policy chief, the bloc plans to help non-member countries start carbon markets to promot...

311 days ago

1 min read

Trump could roll back anti-coal diplomacy despite continued ...

At the International Energy Agency meeting, US Special Presidential Envoy for Climate John Kerry mentioned that if Donald Trump is re-ele...

311 days ago

1 min read

Three COP summit hosts come together to accelerate climate a...

The United Arab Emirates, which hosted COP28 last year, along with Azerbaijan and Brazil, hosts of the upcoming UN climate summits, annou...

312 days ago

1 min read

Higher production boosts Coal India’s third-quarter pr...

Coal India reported a higher-than-expected third-quarter profit on Monday as the state-run miner increased production to meet rising elec...

312 days ago

1 min read

California’s atmospheric rivers boost hydropower supplies

The recent atmospheric rivers in California will help its hydropower systems by replenishing reservoirs and increasing snowpack levels. ...

312 days ago

1 min read

20% of world’s migratory species in danger of extincti...

The United Nations' first-ever report on migrating animals, released on Monday, reveals that one in five of the world's migrating species...

312 days ago

1 min read

LSEG report record $949 billion in global carbon market valu...

In 2023, global carbon dioxide (CO2) permit markets hit a record value of 881 billion euros ($948.75 billion), marking a 2% increase from...

312 days ago

1 min read

Atlantic Ocean’s circulation reaching a tipping point that...

According to a study published in Advanced Sciences, the Atlantic Ocean's circulation, an enormous system of currents, is getting close t...

313 days ago

1 min read

EU passes truck emissions law despite German resistance

European Union countries voted to pass a law aiming to reduce truck emissions after Germany's late demands almost derailed it. 

313 days ago

1 min read

Tensions rise in California’s Morro Bay as conservatio...

President Joe Biden's key goals - conservation and transitioning to clean energy - clash in the ocean along California's serene Central C...

313 days ago

2 min read

Brazil’s 2024 electric bills to reflect larger renewab...

By 2024, Brazil's renewable energy subsidies will exceed those for fossil fuel bills at thermoelectric plants, possibly raising taxpayers...

313 days ago

1 min read

Rio Tinto draws criticism for water management in Australian...

Mining giant Rio Tinto, who faced criticism for damaging an ancient indigenous site in 2020, faces investor scrutiny again, this time for...

313 days ago

1 min read

US Government to fund methane reduction projects 

On Friday, the US Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent to fund projects t...

313 days ago

1 min read

Barclays to stop financing oil & gas industry 

Barclays, Britain's largest lender to the oil and gas sector, told Reuters that it would stop directly financing new oil and gas fields a...

316 days ago

2 min read

HSBC to partner with Google to finance climate tech firms 

HSBC, the largest bank in Britain, has teamed up with Google to fund rapidly expanding climate technology companies that offer promising ...

316 days ago

1 min read

Carbon credit market projected to surpass $343.6 billion by ...

According to a research study by Global Market Insights Inc., the carbon credit market is expected to hit $343.6 billion by 2032. 

316 days ago

1 min read

Solar firm scraps plan to build major US silicon wafer facto...

CubicPV, a solar energy equipment maker, cancelled its plan to construct a large silicon wafer factory in the US due to falling product p...

316 days ago

1 min read

Top rival miners team up for ‘green steel’ making in Aus...

The world's leading mining companies, BHP Group Ltd. and Rio Tinto Group, along with Australia's BlueScope Steel Ltd., are coming togethe...

316 days ago

1 min read

Dutch healthcare pension fund divests from fossil fuels over...

The Dutch healthcare workers' pension fund PFZW announced on Thursday that it had sold nearly all its investments in fossil fuel companie...

317 days ago

1 min read

Palm oil supplier for Nestle, Kellogg’s linked to Peru...

An environmental group's investigative report, released on Wednesday, reveals that a supplier to brands like Nestle, Kellogg's, and Colga...

317 days ago

1 min read

Britain’s Labour Party to back out of its $35 billion gree...

According to sources reported by the BBC on Wednesday, Britain's opposition Labour Party is withdrawing its £28 billion ($35.34 billion)...

317 days ago

1 min read

EU truck emission goals in jeopardy as German coalition clas...

Disagreements within Germany's three-way coalition may hinder EU plans to reduce truck emissions. The pro-business Free Democrats (FDP) r...

317 days ago

1 min read

January was the world’s hottest month ever recorded: EU sc...

The European Union's Copernicus Climate Change Service (C3S) reported that this January was the hottest on record, continuing a trend of ...

317 days ago

1 min read

Surge in fossil fuels challenges banks’ path to net ze...

For investors who are trying to understand how well banks are sticking to their promises to reach net-zero emissions, changes in climate ...

317 days ago

2 min read

Environmental Agency to review complaint on emissions from P...

On Tuesday, the Commission for Environmental Cooperation (CEC), responsible for environmental matters in the US, Mexico, and Canada, anno...

318 days ago

1 min read

Siemens Energy hits $1.7 billion net profit in Q1, prioritiz...

Siemens Energy reported a net profit of 1.58 billion euros ($1.7 billion) in the first quarter, attributing it to a one-time gain from se...

318 days ago

1 min read

Industrial gases firm says US green subsidies won’t affect...

Linde CEO Sanjiv Lamba told Reuters, during a post-earnings call, on Tuesday that the recent changes to Inflation Reduction Act (IRA) sub...

318 days ago

1 min read

BP will explore potential partnerships for solar business: C...

Oil giant BP is considering getting other companies involved with Lightsource BP, a solar development company, to profit more from its ra...

318 days ago

2 min read

BlackRock CEO seeks common ground with Texas post ESG fricti...

BlackRock's CEO Larry Fink aimed to connect with Republican officials at a Houston energy summit after Texas banned the asset manager due...

318 days ago

1 min read

Wind energy beats gas in Europe for the first time, lowers c...

Last year, Europe made more electricity from wind power than from gas for the first time ever. This drop in using fossil fuels helped cut...

318 days ago

1 min read

India’s TERI to launch green shipping portal at the World ...

At the World Sustainable Development Summit in New Delhi this week, The Energy and Resources Institute (TERI) will introduce a green ship...

319 days ago

2 min read

India’s largest power producer to take its green energy ar...

The top official of India's biggest power producer, NTPC Ltd said on Tuesday that its renewable energy division is expected to become a p...

319 days ago

1 min read

EU Commission set to propose major CO2 cuts by 2040

The European Commission plans to suggest on Tuesday that the EU should reduce the amount of greenhouse gases it produces by 90% by the ye...

319 days ago

1 min read

China toughens rules for industrial polluters ahead of carbo...

China has made its rules stricter for factories and other industries that cause excessive pollution, part of its national carbon market.Â...

319 days ago

1 min read

Deutsche Bank unit expects divestments following new ESG rul...

Deutsche Bank's investment unit needs to sell more than 5% of its investments in certain ESG funds as a result of new regulations from th...

319 days ago

2 min read

California’s historic storm causes $11 billion in economic...

The recent record storm known as ‘Atmospheric River’ in California, with its unprecedented rainfall, resulted in two fatalities and u...

319 days ago

1 min read

UN climate chief appeals for $2.4 trillion in climate financ...

Executive secretary, United Nations Framework Convention on Climate Change Simon Stiell while delivering a lecture at ADA University in A...

320 days ago

2 min read

China implements stricter rules to combat carbon trading fra...

On Sunday, China introduced new regulations to better oversee carbon trading and clamp down on emissions data fraud. These rules, approve...

320 days ago

2 min read

Italy will invest in Enel’s solar panel production: PM 

Prime Minister Giorgia Meloni announced that Italy will invest in Enel's new photovoltaic panel factory in Sicily, aiming to increase pro...

320 days ago

1 min read

Germany’s climate fund falls short of $10.8 billion, threa...

Germany's fund for addressing climate issues and transformation may fall short by up to €10 billion ($10.8 billion) next year, which co...

320 days ago

1 min read

Australia announces fuel efficiency rules to boost EV cars 

On Sunday, the Australian government released a ‘preferred model’ for new standards on vehicle emissions as the country is looking to...

320 days ago

1 min read

‘Atmospheric river’ blankets over California, governor d...

Severe weather struck California on Sunday, with heavy rainfall and hurricane-force winds affecting a wide area. A phenomenon known as an...

320 days ago

2 min read

UK banks might hold too little funds to withstand climate ch...

In a letter to the Bank of England, seen by Reuters, a group of investors, including major pension schemes from the UK and Europe, expres...

323 days ago

1 min read

Canadian pension manager launches C$1 billion energy transit...

The Alberta Investment Management Corporation (AIMCo), a top Canadian pension manager, has announced the formation of a C$1 billion ($745...

323 days ago

1 min read

Brazil’s Amazon Fund raised $640 million in donations ...

Amazon Fund, in 2023, which focuses on developing the rainforest sustainably, received $640 million in new pledged donations from develop...

323 days ago

1 min read

Climate software firm raises $100 million in Series C fundin...

Watershed, a climate software company, raised $100 million in a Series C funding round led by investment firm Greenoaks, valuing the comp...

323 days ago

1 min read

Activist investors withdraw Exxon’s climate proposal 

Exxon Mobil stated in a court filing on Thursday that activist investors are backing down from a climate proposal. 

323 days ago

1 min read

US House to vote on overturning Biden’s freeze on natural ...

The US House of Representatives, next week, will decide whether to cancel the Biden administration's temporary block on approving the exp...

323 days ago

1 min read

Google signs its largest-ever offshore power agreement with ...

Google has made its biggest deal ever to buy power from offshore wind projects near the Netherlands. 

324 days ago

1 min read

UK is not prepared for the worst 2024 heat waves, committee ...

Environmental Audit Committee said in a report published Wednesday that the UK government’s plans to mitigate the effects of rising tem...

324 days ago

1 min read

Companies struggle with EV transition as demand for speedy d...

As the demand for fast package delivery increases, companies are facing challenges transitioning to electric vehicles (EVs). Americans no...

324 days ago

2 min read

Sustainable aviation fuel crunch can hamper airlines’ clim...

Airlines are finding it difficult to obtain and use lower-carbon fuels due to a shortage in supply and high costs, according to Cathay Pa...

324 days ago

1 min read

EU leaders show signs of toxic disease due to chemical pollu...

Top European leaders, including former vice presidents like Frans Timmermans and the current environment commissioner Virginijus SinkeviÄ...

324 days ago

2 min read

White House senior adviser John Podesta to replace Kerry as ...

On Wednesday, the White House announced that John Podesta, a senior adviser, will take over from John Kerry as the US climate change dipl...

324 days ago

2 min read

European solar industry appeals for EU intervention amidst C...

European solar panel manufacturers are asking the European Union (EU) for urgent help to prevent local companies from closing due to pric...

325 days ago

1 min read

Indonesia permits 30% of overseas CO2 in new carbon storage ...

Indonesia's new presidential regulation on carbon capture and storage (CCS) allows operators to reserve 30% of storage for imported CO2.Â...

325 days ago

1 min read

Top US business groups sue California over climate disclosur...

Big business groups including the US Chamber of Commerce and the American Farm Bureau Federation have filed a lawsuit against California ...

325 days ago

1 min read

Biden administration sets rules to make gas & electric s...

The Biden administration has introduced new energy-saving rules for kitchen stoves to cut utility bills and enhance reliability. These ru...

325 days ago

1 min read

Spain’s Catalonia makes a multi-billion strategy to su...

In an effort to address water scarcity resulting from less rainfall, Catalonia, home to Spain's second-largest regional economy and the r...

325 days ago

2 min read

Global spending on clean energy hit record $1.8 trillion, st...

Global spending on clean energy reached a record-breaking number of $1.8 trillion last year. However, it is still not enough to reach net...

325 days ago

2 min read

World’s largest jeweler opts for recycled gold and silver ...

Pandora, the biggest jewelry maker in the world, has decided to stop using newly mined silver and gold and pick only recycled precious me...

326 days ago

1 min read

Exxon’s lawsuit concerns shareholders advocating envir...

Shareholders who use resolutions to push companies on environmental and social matters are concerned that a lawsuit by Exxon Mobil, skipp...

326 days ago

1 min read

Democrats want Biden’s Power, EV climate plan to be relook...

Democrats in swing states are expressing concerns about President Biden's environmental policies. They worry that these policies, which f...

326 days ago

1 min read

ESG funds hit historic lows in nearly two decades, big banks...

ESG (Environmental, Social, and Governance) investing had a tough time in the last three months of 2023. ESG funds in the US lost over $5...

326 days ago

2 min read

EU’s ambitious net zero goal demands 1.5 trillion annu...

Research by a group of Green EU lawmakers says that the European Union needs to invest 1.5 trillion euros (about $1.6 trillion) every yea...

326 days ago

2 min read

California breaks century-old ties with Big Oil 

California, a big player in producing oil, is now breaking ties with the oil industry, a significant move to shift away from fossil fuels...

326 days ago

2 min read

Global standards chief calls for new ethics code to tackle g...

Companies responsible for verifying environmental, social, and governance (ESG) claims will be urged to adhere to a new ethics code to co...

327 days ago

1 min read

Carbon credits-backed insurance startup raises $12.17 millio...

A new insurance startup, founded by three former Allianz executives, has completed the largest climate-focused seed funding round in Euro...

327 days ago

1 min read

Panama Canal seeks help of coffee farmers to work on defores...

In Panama, coffee farmers are being encouraged to plant trees near the country's famous canal in an incentive program. This program not o...

327 days ago

2 min read

Worries rise over methane emissions as world’s largest...

As the world's largest cruise ship, Icon of Seas, began its maiden voyage on Saturday from Miami, environmental groups are concerned abou...

327 days ago

2 min read

Daimler Truck & Abu Dhabi to explore Gulf’s green hydr...

The world’s biggest commercial vehicle maker, Daimler and Abu Dhabi have entered into an initial agreement for the supply of green hydr...

327 days ago

2 min read

China breaks solar records in 2023, surpasses 50% of global ...

In 2023, China exceeded the total solar panel installations of any other nation, contributing to its already substantial lead in the glob...

327 days ago

1 min read

Truck maker partners with German chemical giant to recycle b...

Iveco Group, an Italian bus and truck maker, has partnered with German chemicals group BASF for the recycling of lithium-ion batteries fo...

331 days ago

1 min read

UN overcomes sanctions by opening Russian bank account for c...

The United Nations has taken an unconventional step to navigate Western sanctions by opening a Russian bank account in 2022. 

331 days ago

2 min read

Global groundwater levels see ‘accelerated’ decline R...

A study published on Wednesday reveals a significant and accelerated decline in global groundwater levels over the last four decades. 

331 days ago

1 min read

Investors dread as Green Asset Ratio is set to be reported b...

European banks are cautioning investors not to focus too much on the upcoming Green Asset Ratio, an ESG metric, as early estimates sugges...

331 days ago

2 min read

Automotive manufacturing giant to invest $1.4 billion in Bra...

General Motors has announced a 7 billion reais ($1.42 billion) investment in Brazil from 2022 to 2028, aiming to enhance "sustainable mob...

331 days ago

2 min read

Upcoming Biden policy to impact natural gas exports, posing ...

The Biden administration is expected to announce plans in the coming days to increase environmental scrutiny on applications for natural ...

331 days ago

2 min read

West Africa’s city that provides clean water under threat ...

Sierra Leone's capital, Freetown, is facing a severe threat to its clean water supply from a national park.Human activities like land gra...

332 days ago

2 min read

Europe’s carbon market goes downhill as renewable power sh...

In Europe, the notable increase in clean-energy production is reducing the need for carbon permits, and the sluggish industrial recovery ...

332 days ago

2 min read

Green finance pioneer Uruguay seeks ESG loans from multilate...

Uruguay aims to borrow at least one multilateral loan with low-interest rates linked to environmental goals this year. 

332 days ago

2 min read

US oil refiners urge Biden administration to reform renewabl...

US oil refiners, including Coffeyville Resources Refining and Marketing and Wynnewood Refining Company, are urging President Biden's admi...

332 days ago

1 min read

Opinion polls suggest 2024 EU elections could make climate p...

The upcoming European Parliament election might complicate the approval of ambitious climate change policies if, as recent polls indicate...

332 days ago

1 min read

Pressure mounts over mining firms as investors raise the bar...

A group of investors overseeing $25 trillion has decided to take action against mining companies that have not adopted safety environment...

332 days ago

2 min read

ESG debt swaps grab interest of top global banks 

Several banks are competing to tap into a growing market focused on Environmental, Social, and Governance (ESG) debt, estimated to potent...

333 days ago

2 min read

Germany to unveil roadmap for construction of gas power plan...

German stakeholders are expected to finalize an agreement this week on a long-awaited plan for building multiple new gas-fired power plan...

333 days ago

1 min read

Climate tech venture firm raises $335 million to back renewa...

ArcTern Ventures, based in Toronto, announced on Monday that it secured $335 million from TD Bank and other institutions for a climate te...

333 days ago

2 min read

Brazil’s state-run oil firm to buy stakes in domestic onsh...

Brazil's state-owned oil company, Petrobras, plans to acquire shares in domestic onshore wind and solar projects this year, aiming to bui...

333 days ago

2 min read

Renewable energy firm secures funds for solar and battery pr...

Renewable energy company Low Carbon said on Tuesday that it received funding for the construction of a 385-megawatt portfolio of solar an...

333 days ago

1 min read

Biden announces $207 million for fertilizer, rural clean-ene...

The Biden administration is investing $207 million in domestic fertilizer and renewable energy projects to enhance supplier competition f...

333 days ago

1 min read

US Supreme Court decision could affect Biden’s ESG inv...

An impending Supreme Court decision that may restrict federal agency powers could have a big effect on a challenge by Republican-led stat...

334 days ago

2 min read

Umicore seeks site for battery recycling near chemical indus...

Umicore is in search of a European site for a new battery recycling facility. The company is primarily exploring locations near chemical ...

334 days ago

1 min read

Germany poised for a record wind power as Atlantic storm app...

Germany's weather service predicts strong gusts in the north, west, and central areas overnight into Monday, with heavy squalls in the No...

334 days ago

2 min read

Met Office predicts record high CO2, nears climate disaster

Carbon dioxide emissions are set to experience one of the largest increases in history this year, bringing the planet closer to the brink...

334 days ago

2 min read

World’s biggest offshore investor to plan $160 billion ‘...

A major investor in offshore wind farms is starting a new company, Copenhagen Energy Islands, with the aim of constructing artificial isl...

334 days ago

2 min read

Oil giant Exxon files lawsuit against climate activist inves...

Exxon Mobil Corp filed a complaint in a Texas court on Sunday to block a climate proposal by activist investors from being voted on durin...

334 days ago

1 min read

Europe suffers from delays in energy projects due to executi...

The CEO of Portugal's largest utility firm, Energias de Portugal, told Reuters in Davos that most delays in subsidized energy projects in...

337 days ago

1 min read

China’s biggest solar maker says Trump’s comeback will n...

China-based Longi Green Energy Technology Co assured that Donald Trump’s return would not affect the company’s plans to expand in the...

337 days ago

2 min read

Bloomberg’s Zero Podcast examines impact of Trump̵...

On this week’s episode of Bloomberg’s Zero Podcast, Tom Steyer, a hedge-fund billionaire, speaks to Zero host Akshat Rathi about the ...

337 days ago

1 min read

Trawling ocean seabeds for seafood is releasing huge amount ...

A recent study reveals that the practice of trawling, a destructive fishing technique, the ocean floor for shrimp, cod, and other seafood...

337 days ago

1 min read

New York’s utilities regulator approves $1.2 billion clean...

On Thursday, the utilities regulator of New York State approved Con Edison's $1.2 billion Idlewild project in Queens, aimed at enhancing ...

337 days ago

1 min read

EU to cut 90% emissions by 2040

In an ambitious move, the European Union’s executive arm is set to recommend a 90% net reduction of greenhouse gases by 2040 from 1990 ...

337 days ago

1 min read

BP, Sinopec sign MoU to strengthen cooperation in fuel sales...

China’s oil major Sinopec and BP signed a memorandum of understanding (MoU) at the World Economic Forum in Davos. The agreement aims to...

338 days ago

1 min read

Indonesia to triple its biomass consumption in 2024 

Indonesia plans to increase its use of biomass in power generation to 2.83 million metric tons in 2024, three times the 991,000 tons cons...

338 days ago

1 min read

Asset management firm says ESG interest is steady, despite b...

According to the CEO of the global asset management firm Nuveen, investors still hold an interest in environmental, social and governance...

338 days ago

2 min read

New research shows disturbing decline in Greenland’s l...

According to a study by Nature, a climate change journal, Greenland’s ice sheet has lost 5,091 sq km (1930 sq miles) of area between 19...

338 days ago

2 min read

Climate advisors tell EU to revamp its existing policies to ...

Official advisors have told the European Union to revise its climate policies to promptly move towards the phase-out of fossil fuels and ...

338 days ago

2 min read

US elections will be significant for global climate fights, ...

As the US elections pave the path for many major decisions in 2024, John Kerry, who stepped down from his position as a climate envoy, em...

338 days ago

2 min read

Europe to get greener steel turbines to cut carbon footprint...

The world’s largest turbine maker, Vestas Wind Systems A/S, is partnering with ArcelorMittal to use recycled or old steel to make turbi...

339 days ago

2 min read

Biodiversity loss requires just as swift action from investo...

UBS Group AG has warned that investors have largely undermined the effects of biodiversity loss. 

UBS Chair Colm Kelleher and Chi...

339 days ago

2 min read

Singapore’s marine biofuel demand to double by 2025, Total...

Singapore’s marine biofuel demand is suspected to increase double-fold by 2025 as shippers seek to cut emissions, a senior TotalEnergie...

339 days ago

2 min read

EIA forecasts wind, solar to spearhead US power generation s...

Wind and solar energy will lead power generation in the United States for the next two years, a report by the Energy Information Administ...

339 days ago

1 min read

Employees lack green skills, might see delay in low carbon t...

A large number of businesses are witnessing a lack of green skills among their employees. This will reportedly see slow to low progress i...

339 days ago

2 min read

Sweden’s Northvolt raises largest green loan in Europe...

Swedish lithium-ion battery producer Northvolt said that it has raised $5 billion, the largest green loan to have been issued in Europe, ...

340 days ago

1 min read

ArcelorMittal, France to invest €1.8 billion to cut carbon...

The steel giant, ArcelorMittal SA and France are planning to invest €1.8 billion to cut carbon emissions produced by their steel plants...

340 days ago

1 min read

Asset management firm says Biden’s climate law has built-i...

One of the world’s largest green investment manager, Impax Asset Management, is expressing the problems in President Joe Biden’s land...

340 days ago

2 min read

US, China chart new climate plans post veteran envoys depart...

US and China, the world’s biggest two greenhouse gas emitters are charting a new climate plan as John Kerry and Xie Zhenhua, stepped do...

340 days ago

2 min read

US climate envoy John Kerry steps down from Biden administra...

Former US Senator and Secretary of State, John Kerry, will quit the post of President Biden’s special climate envoy after three years o...

340 days ago

2 min read

Countries are trying to opt out of COP28 fossil fuel deal, s...

According to US Vice President Al Gore, some nations are trying to push out of the landmark agreement, made at the UN climate summit COP2...

340 days ago

2 min read

EU to develop new law after plastic pellets washed up on Spa...

European Union (EU) lawmakers are looking into developing a stronger law against microplastic pollution, after millions of tiny pellets o...

344 days ago

2 min read

Dutch-Caribbean island files lawsuit, urges more measures ov...

A lawsuit was filed by the residents of the Dutch-Caribbean island of Bonaire, on Thursday, against the Dutch state demanding the governm...

344 days ago

1 min read

Hertz sells one-third of US electric fleet, shifts to gas ca...

Hertz Global Holdings Inc. is set to sell one-third of its US electric vehicle fleet and shift its focus to gas-powered cars, citing weak...

344 days ago

2 min read

CES 2024 in Vegas highlights climate-centric tech 

The world’s biggest consumer tech show Consumer Electronic Show (CES), happening in Las Vegas displayed cutting-edge technology and fut...

344 days ago

2 min read

Global renewable power capacity up by 50% in 2023 with China...

The global increase in renewable power capacity reached a 50% growth rate last year and is expected to continue setting records throughou...

344 days ago

2 min read

Turkish steelmaker to invest $3.2 billion in green transitio...

Turkish steel producer Erdemir intends to invest a combined $3.2 billion in its green transition by 2030, aiming for a 25% reduction in e...

345 days ago

2 min read

Hedge fund managers to actively incorporate ESG strategies

Research conducted by analysts at UBS Group AG indicates that hedge fund managers are progressively integrating environmental and social ...

345 days ago

1 min read

US households dispose 76% of their recyclables

The Environmental Protection Agency's assessment indicates that the United States has an overall recycling rate of just 32% for materials...

345 days ago

2 min read

Grid space shortage puts breaks on China’s solar boom

The surge in rooftop solar installations, which has been a driving force behind China's global leadership in renewable energy, is facing ...

345 days ago

2 min read

US greenhouse gas emissions dropped for first time last year...

Greenhouse gas emissions in the United States experienced a 1.9% decrease last year compared to the preceding year. 

345 days ago

2 min read

Adani’s $24 billion Gujarat investment to drive green ...

Indian billionaire Gautam Adani intends to pump $24 billion (2 trillion rupees) into his home state of Gujarat over the next five years.Â...

346 days ago

2 min read

Greenland startup enters Dubai’s cocktail bars with gl...

A Greenland-based startup, launched in 2022, aims to enhance the international experience by adding glacier ice, extracted from ancient f...

346 days ago

3 min read

Colombia grants first-ever geothermal license to Canada̵...

Colombia has awarded its first-ever license for developing a geothermal energy project for electricity generation to Canada's Parex Resou...

346 days ago

2 min read

SK Group-backed company invests $1 billion in ammonia plant ...

In Texas, a $1 billion ammonia production facility with proprietary hydrogen technology is in the works, aiming to reduce carbon emission...

346 days ago

2 min read

Biden’s climate policy shift creates hurdles for LNG e...

The Biden administration is reassessing the environmental standards applied in approving upcoming liquefied natural gas export facilities...

346 days ago

2 min read

US Treasury Secretary to visit Boston to promote clean energ...

US Treasury Secretary Janet Yellen is set to visit Boston on Wednesday for another tour aimed at advocating the economic advantages of th...

347 days ago

2 min read

US Supreme Court rejects Exxon Mobil’s bid for Minneso...

The US Supreme Court has declined the request for a crucial procedural boost sought by Exxon Mobil Corp., Koch Industries Inc., and the A...

347 days ago

1 min read

Activist investors to shift focus in 2024; ESG campaigns pro...

Activist investors are anticipated to scale back on environmental and social campaigns this year, as revealed by business consulting firm...

347 days ago

1 min read

COP29 host Azerbaijan to ramp up fossil fuel output by a thi...

Azerbaijan, the host of this year's UN climate talks, is planning to boost its fossil fuel production by a third over the next decade, as...

348 days ago

2 min read

US clears $189 million loan to fund real-time methane oil mo...

The Department of Energy's loan office, on Friday, conditionally approved a $189 million loan to facilitate the establishment of a methan...

348 days ago

2 min read

India to cut energy transition by half to aid oil refinersâ€...

India is intending to reduce equity investment by half, amounting to $1.8 billion for the fiscal year 2023/24, to support the green energ...

348 days ago

2 min read

France aims to cut fossil fuel share to 40% by 2035

France is set to target a reduction in the proportion of fossil fuels in its energy consumption mix to 40%, down from over 60%, by 2035, ...

348 days ago

1 min read

Azerbaijan appoints Ecology Minister and Ex-Oil Executive as...

Azerbaijan has chosen Mukhtar Babayev, the current Ecology Minister, to lead the upcoming global climate talks, COP29, scheduled to take ...

348 days ago

2 min read

India’s SBI raises $250 million through green bonds

State Bank of India (SBI), the largest lender in India, has declared the successful completion of placing $250 million in senior unsecure...

351 days ago

1 min read

Wall Street is set to fuel a $1 trillion carbon market 

At COP28 in Dubai, financial institutions such as Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays are preparing for an uptick in c...

351 days ago

2 min read

Spain’s electricity consumption fell 2.3% for a second str...

Electricity consumption in Spain experienced a consecutive 2.3% decline in 2023 for the second year in a row, sparking concerns about a s...

351 days ago

2 min read

US solar industry to experience modest growth in 2024

The solar industry in the United States is expected to see moderate growth in 2024, with a decline in electricity prices and the support ...

351 days ago

2 min read

Republicans target Biden’s $400 billion Green Bank, re...

Congressional Republicans are targeting President Joe Biden’s $400 billion green bank, aiming to replicate the political success they a...

352 days ago

2 min read

 ‘Transition Finance’ takes spotlight in 2024 

In a notable shift, 'Transition finance' is set to emerge as a pivotal focus of 2024, taking center stage as a critical topic for individ...

352 days ago

2 min read

World’s biggest banks report $3 billion from green debts i...

The largest global lenders collectively earned about $3 billion in fees in 2023 by facilitating debt for deals positioned as environmenta...

352 days ago

2 min read

Tesla tops car sales in Norway, EV takes hold of 82% of mark...

For the third consecutive year, Tesla secured the leading position in Norway's car sales in 2023, maintaining its dominance over competit...

353 days ago

2 min read

Portugal sets new record for renewable energy production in ...

Renewable energy sources contributed 61% of Portugal's electricity in 2023, marking a significant increase from the previous year's 49%, ...

353 days ago

2 min read

Chevron to take a $4 billion hit from California policies &a...

Oil giant Chevron Corp is set to incur a write-down of asset value ranging from $3.5 billion to $4 billion, citing restrictive government...

353 days ago

2 min read

West Texas earthquake rate plummets after crackdown on oil d...

In 2023, West Texas witnessed a notable decrease in earthquake frequency, marking the first such decline in over five years. This shift f...

353 days ago

2 min read

Climate groups criticize Berlin’s proposal for driverl...

Efforts are underway to implement a driverless magnetic train system in Berlin, designed to traverse the city and transport both passenge...

354 days ago

3 min read

ING faces public outcry as climate activists block highway i...

The Amsterdam police detained around 300 climate activists on Saturday after they blocked a key highway in the Dutch capital for several ...

354 days ago

2 min read

Post-election pressures intensify SEC’s struggling cli...

Environmental activists are anxious as the Securities and Exchange Commission (SEC) faces challenges in fulfilling its ambitious climate-...

354 days ago

2 min read