Macquarie Asset Management to acquire full ownership of…
Macquarie Asset Management announced that it aims to acquire, using its managed funds, an additional stake worth 39.25% in the Lynn and Inner Dowsing offshore…
               
US federal court rules in favor of environmentalists…
On Tuesday night, a federal court in Alaska overturned an oil and gas lease sale. The sale, which was required by the Biden administration’s climate…
               
Danish startup secures $43 million to build full-scale…
Again, a Danish startup, announced that it has secured $43 million in a Series A financing round to facilitate its goal of decarbonising and turning…
               
EIB commits €400 million to enhance water security…
The European Investment Bank (EIB) announced its largest water financing of €400 million in Jordan, aimed at improving “water availability, security and sustainability.”   The financing…
               
Intersect Power secures $837 million financing for Texas…
Intersect Power, LLC, announced the closing of two transactions totalling $837 million of financing commitments for the construction and operation of three standalone Battery Energy…
               
SAF production capacity in the US to jump…
The US Energy Information Administration (EIA) reported that the production capacity of sustainable aviation fuel (SAF) in the United States may increase by 1400% in…
               
Britain needs to act fast to meet 2030…
Britain’s new Labour government must swiftly act to meet its 2030 climate target. According to the country’s climate advisers, current plans cover only a third…
               
RWE secures feasibility license for offshore wind farm…
RWE announced that it has received a feasibility licence from the Australian Government to develop an offshore wind farm near the Kent Group Islands in…
               
Asset manager Eurazeo’s first transition infrastructure program closes…
European asset manager Eurazeo announced that its first infrastructure program has closed with €706 million in aggregate commitments from institutional investors across North America, EMEA,…
               
Saudi Arabia’s PIF enters three joint ventures for…
Saudi Arabia’s Public Investment Fund (PIF) announced it had inked three new agreements to localize the manufacturing and assembly of components required for solar and…
               
Spain announces $2.5 billion plan to boost renewable…
Spanish Prime Minister Pedro Sanchez unveiled a new 2.3 billion euro ($2.5 billion) plan on Wednesday to accelerate Spain’s shift to clean energy. The plan…
               
Avangrid commences operations at True North Solar Project…
Avangrid, a subsidiary of Iberdrola, announced that it has commenced producing power from its True North solar project in Falls County, Texas, near Waco.   According…
               
EU’s 2030 renewable hydrogen goals deemed “overly ambitious”…
European Union’s 2030 goals for renewable hydrogen production and demand were “overly ambitious”, according to the bloc’s spending watchdog, the European Court of Auditors (ECA). …
               
Octopus Energy expects new onshore wind projects following…
The CEO of Britain’s Octopus Energy said in an interview with Reuters that the company expects to announce new onshore wind projects “fairly soon” after…
               
SunCable’s flagship project receives approval to advance to…
SunCable announced that it has secured the principal environmental approval from the Northern Territory Government and Northern Territory Environment Protection Authority for the company’s “flagship…
               
New Zealand’s 2035 emissions target at risk despite…
A discussion document on the country’s second emissions reduction plan (2026-30) said New Zealand could miss its 2035 emissions reduction target despite being on track…
               
US court orders federal regulators to reassess the…
A US court has directed federal regulators to review the environmental impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana liquefied natural gas project.  While…
               
rPlus Energies secures $1 billion financing for Green…
rPlus Energies announced it has secured $1 billion in construction debt financing for its Green River Energy Project subsidiary. The project in Emery County has…
               
Australia invests about $13 million in recycling plastic…
The Australian federal government has allocated A$20 million ($13.48 million) to assist in establishing Recycling Plastics Australia’s new soft plastics recycling facility in Kilburn. This…
               
Copenhagen Offshore Partners advances Haewoori Offshore Wind Project…
Copenhagen Offshore Partners (COP) announced that the Haewoori Offshore Wind project has finished the Environmental Impact Assessment (EIA) consultation with Korea’s Ministry of Trade, Industry…
               
RWE secures €619 million funding for hydrogen projects…
RWE announced that the German and federal state governments confirmed that over “€ 619 million has been granted to implement two of RWE’s large hydrogen…
               
Leeward Renewable Energy boosts growth with $1.25 billion…
Leeward Renewable Energy (LRE) announced that it has secured $1.25 billion in construction warehouse financing. This financing expands LRE’s financing capacity to facilitate the continuous…
               
HSBC inaugurates new climate-focused infrastructure finance unit 
Britain’s HSBC has established a new unit to capitalize on infrastructure and project finance opportunities related to the global transition to a lower-carbon economy. A…
               
China to test run carbon reduction technologies at…
On the first day of China’s 20th Third Plenum, the country’s top economic planner, the National Development and Reform Commission (NDRC), said it plans to…
               
AIIB provides funding worth $75 million to a…
The Asian Infrastructure Investment Bank (AIIB) has signed a $75 million financing contract to support green and blue bonds to be issued by Southeast Asia…
               
EIB commits €490 million for energy-efficient homes in…
The European Investment Bank (EIB) and Institut Català de Finances (ICF) announced that they have signed a €163 million loan to facilitate the construction of…
               
Naked Energy raises £17 million to accelerate global…
Naked Energy, a Britain-based solar heat and power company, announced that it has secured £17 million of new equity as part of a Series B…
               
Supermarket chain partners with energy transition firm to…
Supermarket chain Carrefour Market announced that it is partnering with GreenYellow to install and operate photovoltaic power production equipment in around 350 of its hypermarket…
               
South Africa eyes $2.4 billion from climate pact…
South Africa’s National Treasury expects as much as $2.4 billion to flow into the country in 2024 from a climate finance pact with some of…
               
TotalEnergies, UK power join hands to launch EV…
French oil giant TotalEnergies and UK power company SSE announced plans to capture a 20% share of the electric vehicle (EV) fast-charging market in Britain…
               
More than 100 companies demand for tougher policies…
132 companies, with a total revenue of $1.1 trillion, exclusively shared a letter with Reuters demanding decisive action on nature loss. Companies such as Unilever,…
               
Akaysha Energy Secures Record A$650 Million BESS Financing 
Akaysha Energy announced the completion of a $650 million debt raise with a consortium of eleven domestic and international banks.   This financing will support the…
               
Quinbroook and Origin Energy expand partnership with Stage…
Quinbrook Infrastructure Partners, a global investment manager specialising in energy transition infrastructure, announced an expansion of its partnership with Origin Energy.   The partnership expansion entails…
               
Iberdrola and Multiverse Computing complete trials to increase…
Iberdrola, an energy company, and Multiverse Computing, a value-based quantum computing solutions company, announced the successful completion of a pilot project in northern Spain.   The…
               
EU partners with ChromaWay to develop blockchain sustainability…
The European Union has confirmed its collaboration with ChromaWay to develop blockchain-based sustainability solutions, ChromaWay said in a tweet.  The partnership involves utilizing the potential…
               
Mercedes-Benz plans to increase EV assembly in India…
German luxury carmaker Mercedes-Benz is considering increasing the assembly of electric vehicles at its Indian plant to achieve cost savings and meet its objectives of…
               
Sam Altman-backed carbon storage startup receives funding worth…
44.01, a startup backed by Sam Altman’s Apollo Projects, announced the completion of a $37 million Series A funding round. The startup is developing a…
               
Rio Tinto and Ngarluma collaborate on renewable energy…
Rio Tinto and Ngarlum Aboriginal Corporation (NAC) announced that they will partner to develop an 80-megawatt (MW) solar farm in Ngarluma Country, near Karratha.   The…
               
South Africa Climate Commission proposes new body for…
South Africa’s Presidential Climate Commission (PCC) has recommended that the country establish a body to guide investment in the energy transition and secure additional funding…
               
Swiss Life Asset Managers acquires Vergia to boost…
Swiss Life Asset Managers has announced the acquisition of Vergia, a leading platform based in Norway focused on advancing the green energy transition. This acquisition,…
               
Xpansiv and Japan’s Enechain collaborate for enhanced carbon…
Xpansiv announced the signing of a Memorandum of Understanding (MoU) with Enechain Corporation, Japan’s energy marketplace operator. This would allow Japanese companies to access high-quality…
               
EU to call for global transition from fossil…
The European Union plans to urge other nations at this year’s COP29 climate summit to honor their commitments to transition away from fossil fuels, according…
               
Ørsted innovates new low-noise method for offshore wind…
Ørsted announced that it is working on developing a “new, lower-noise installation method” that could possibly transform the installation of offshore wind foundations.   According to…
               
Essar Energy to launch Europe’s first 100% hydrogen-ready…
Essar Energy Transition (EET) announced the launch of EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP).   The plant is proposed to…
               
India’s REC avails green loan facility worth $200…
India’s REC Limited, a financial firm for the power sector, announced that it has secured a 5-year green loan amounting to ¥31.96 billion (around $200…
               
Fertiglobe wins bid to supply renewable ammonia to…
Fertiglobe, a chemical industry company, announced that it has been chosen as the winning bidder for delivering renewable ammonia to the European Union, following a…
               
Iberdrola signs PPA with Burger King to supply…
Iberdrola, through its subsidiary Iberdrola España, announced that it has signed a new long-term power purchase agreement (PPA) with Burger King.   As per the agreement,…
               
Frontier secures $40 million DAC offtake agreement with…
Frontier, an advance market commitment that aims to accelerate the development of carbon removal technology, said it has facilitated another set of direct air capture…
               
Atlantic Shores submits bid for New Jersey’s offshore…
Atlantic Shores Offshore Wind (Atlantic Shores) announced that it has submitted a proposal to the Fourth Offshore Wind Solicitation (NJ4).   The proposal features projects strategically…
               
Verra calls for validation of new methodology to…
Verra, a climate action standards and sustainable development company, said it has published a Request for Proposals (REP) for validation/verification bodies (VVBs) to review the…
               
Jaguar Land Rover partners with Pirelli to roll…
Jaguar Land Rover announced that it has joined forces with global tire manufacturer Pirelli in the global automotive industry‐first commitment to use Forest Stewardship Council…
               
US court dismisses Baltimore’s climate lawsuit against major…
A Maryland judge dismissed a lawsuit filed by the city of Baltimore against energy giants such as Exxon Mobil, BP, and Chevron. The judge ruled…
               
EIB and Poste Italiane sign €450 million deal…
The European Investment Bank (EIB) and Poste Italiane announced the signing of a €450 million finance contract to explore ways to “boost service digitalisation and…
               
Enagás sells Tallgrass Energy stake for $1.1 Billion…
Enagás announced that it has reached an agreement to sell its 30.2% shares in Tallgrass Energy to Blackstone Infrastructure Partners for “1,100 million dollars.”   The…
               
DOE announces plans to allocate $14 million for…
The US Department of Energy (DOE) announced a pledge to invest $14 million to increase “consumer battery recycling”, along with creating a more sustainable domestic…
               
Recurrent Energy signs 10-year-long PPA with GKN Automotive
Recurrent Energy announced that it had inked a 10-year-long power purchase agreement (PPA) with GKN Automotive, a company focusing on drive systems.  The PPA will…
               
BRK inks agreement with Elera for supply of…
BRK and Elera, a power generation company owned by the Canadian group Brookfield, announced a partnership in which BRK will acquire 48 megawatts (MW) of…
               
RWE and Masdar’s Dogger Bank South offshore wind…
RWE and Masdar announced that they had reached a crucial developmental milestone for the Dogger Bank South Offshore Wind Farms (DBS).   The announcement mentioned that…
               
China leads global renewable energy surge with two-thirds…
Research by Global Energy Monitor showed nearly two-thirds of the world’s big wind and solar energy production plants are in China.   China currently has 339 GW of capacity…
               
Renewables growth rate falls short of 2030 target,…
A report from the International Renewable Energy Agency (IRENA) on Thursday revealed that the world may fail to triple its renewable energy capacity by 2030…
               
Amazon achieves 100% renewable energy consumption goal 
Amazon announced that all the electricity consumed by its operations, including data centres, corporate buildings, grocery stores, and fulfilment centres, would be matched with 100%…
               
Strathcona Resources partners with Canada Growth Fund to…
Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and sequestration (CCS) infrastructure on facilities across…
               
Woodside and Taiwan state-owned oil firm sign agreement…
Woodside, a global energy company founded in Australia, has signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan, for the long-term supply of…
               
China’s coal generation hits record low in May…
According to a new analysis published on Carbon Brief, clean energy generated a record-high 44% of China’s electricity in May 2024, pushing coal’s share down…
               
Report reveals massive institutional investments in fossil fuels 
Urgewald, a non-profit environmental and human rights organization, in collaboration with 13 partner organizations, released the financial research report “Investing in Climate Chaos,” which sheds…
               
Neoenergia and Brazil’s Ministry of Defense partner for…
Neoenergia and the Ministry of Defense announced the signing of a Technical Cooperation Agreement to finalize contracts with Brazil’s Armed Forces.   The initiative focuses on…
               
Orsted assumes ownership by purchasing the remaining shares…
Orsted announced that it has completed the acquisition of Eversource Energy’s 50% share in Sunrise Wind offshore wind project. With this acquisition, Orsted is now…
               
US offshore wind sector set to invest $65…
The American Clean Power Association (ACP) released the 2024 Offshore Wind Market Report, which highlighted that the clean power industry is predicted to invest nearly…
               
ArcelorMittal Gent begins innovative trial to recycle CO2…
ArcelorMittal and Mitsubishi Heavy Industries Ltd. (MHI) announced that they are collaborating with a tech company, D-CRBN, to test a new technology for converting the…
               
SSE and APG advance offshore wind farm development…
The ‘Noordzeker’ consortium, a joint venture between SSE and APG (representing Dutch pension fund ABP), announced that it will progress with the development of the…
               
Citibank pledges to halt project-related financing for oil…
In its new environmental and social risk management (ESRM) framework, Citibank pledged to no longer provide project-related financing for oil and gas expansion in Amazonia.  Climate…
               
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 “mission control centre”…
               
Black Bear Energy, Evergrow announces first successful solar…
Black Bear Energy, a renewable energy company, and Evergrow, a clean energy financing firm, announced their first successful solar tax credit transfer from a Real…
               
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 curb its growing emissions. Occidental, through…
               
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 anticipated a Supreme Court decision. This…
               
New Zealand releases new climate strategy  
The New Zealand government announced a new strategy to tackle climate change.   As part of the new climate strategy, it plans to build more resilient…
               
Levanta Renewables enters the Thai solar market with…
Levanta Renewables, a renewable energy developer and independent power producer in Southeast Asia, announced that it has finalized the acquisition of a 90% controlling stake…
               
Clearway Energy secures financing, initiates repowering of South…
Clearway Energy Group announced the successful closure of financing and the commencement of repowering construction for its Cedro Hill wind farm located in Webb County,…
               
Campaigners stage march to cut its Council ties…
Divest East Sussex, a campaign group that opposes fossil fuels, has staged a march aiming to “cut the ties between East Sussex County Council and…
               
Dominion Energy expands offshore wind portfolio with acquisition…
Dominion Energy announced that it reached an agreement to acquire the Kitty Hawk North Wind offshore wind lease and associated developments from Avangrid, Inc. for…
               
TEMBUSU Asia – First Singapore Validation and Verification…
8 July 2024 – TEMBUSU Asia Consulting (TAC) is now accredited by the Asia Carbon Institute (ACI) as the first Singapore Validation and Verification Body…
               
Dimitra launches traceable carbon credit initiative to empower…
Dimitra, an agricultural technology and sustainability solutions company, announced the launch of its carbon credit initiative, Dimitra Carbon.   This revolutionary carbon credit program seeks to…
               
European specialists launch initiative to aid Indian carbon…
A team of European carbon removal specialists have launched an initiative to assist Indian businesses in developing projects that extract carbon dioxide from the atmosphere…
               
US forgives $35 million Indonesian debt in exchange…
The US Treasury on Monday announced that Indonesia will forgive $35 million of debt over nine years. In return, Indonesia will undertake efforts to restore…
               
UK’s Coal Authority releases Nature Recovery Plan for…
UK’s Coal Authority has released a nature recovery plan, seeking to include nature-related credits into its financial models by 2026.  The three-year strategy (2024-26) has…
               
HMC Capital acquires majority stake in Stor-Energy for…
Australian asset manager HMC Capital announced a $50 million deal to acquire a majority stake in Sydney-based battery project developer Stor-Energy over three years.  This…
               
Battery storage firm initiates strategic expansion into Spain 
Field, a battery storage firm, announced its expansion into Spain. The firm’s general manager, Toni Martinez, is spearheading the expansion, which will see the company…
               
China’s Ministry of Industry sets new solar PV…
China’s industry ministry proposed a draft rule on Tuesday that raises the minimum capital requirement to 30% for solar photovoltaic (PV) manufacturing projects. Previously, the…
               
Obton partners with investment manager to acquire a…
Danish solar PV company Obton announced its first joint venture with investment company GSSG Solar. Together, the two firms acquired a portfolio of nine Japanese…
               
Wind farms supplied 34% of Ireland’s electricity in…
According to the June Wind Energy report released by Wind Energy Ireland, wind farms accounted for 34% of Ireland’s electricity generation in the first half…
               
L&T renewable arm lands contract for 3.5 GW…
The renewables arm of Larsen and Toubro (L&T) announced that it has finalized mega orders with “a leading developer” in the Middle East to build…
               
Climate collective calls for Japan’s ambitious transition goals,…
The Japan Climate Initiative (JCI), a group of companies and NGOs, said the country can triple its renewable capacity and aim to phase out coal…
               
TotalEnergies and SLB partner to develop digital solutions…
TotalEnergies announced a partnership with SLB to develop “innovative digital solutions” to accelerate efforts to contribute to more sustainable hydrocarbon production.   As part of the…
               
Tokyo grapples with power strain amid scorching summer…
Unusually hot summer weather in Tokyo is putting pressure on the city’s power supply, leading the local utility to ask people to use electricity wisely. …
               
Shanghai Stock Exchange reports surge in ESG disclosure…
A report from the Shanghai Stock Exchange revealed that over half of the listed companies have been increasingly prioritizing sustainable development, which is evident from…
               
Technip Energies and SBM Offshore establish Ekwil for…
Technip Energies, an engineering and technology company, and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint venture.   According to…
               
Budweiser Brewing achieves 25% carbon emission reduction in…
Budweiser’s China unit has reduced its carbon emissions by more than 25%, achieving the target two years ahead of schedule. The beer company is leveraging…
               
Corre Energy, SemperPower announce €7 million joint venture…
Corre Energy announced a joint venture (JV) with SemperPower, an energy equipment and solutions company, to develop one of Europe’s largest battery storage facilities. The…
               
2024 on track to be the world’s hottest-recorded…
According to the European Union’s Copernicus Climate Change Service (C3S), last month marked the hottest June ever recorded, continuing a trend of record-breaking temperatures. This…
               
Germany to launch tender for 12.5 GW hydrogen-ready…
Germany said it plans to launch the first tender for the construction and modernization of 12.5 GW of gas power plants that can switch to…
               
SBTi’s credibility undermined by new revelations
The Science Based Targets initiative, the world’s largest verifier of CO2 and corporate climate goals, could suffer long-term reputational damage unless it swiftly addresses a…
               
ERM begins offshore trials for Dolphyn Hydrogen Process…
ERM, a sustainability consultancy company, announced that it has commenced offshore trials to test the key elements of its Dolphyn Hydrogen process.   The trials mark…
               
European Energy secures grid connection approval for 500…
European Energy announced that it had acquired grid connection approvals for nearly 500 megawatts (MW) of solar and wind energy projects across Romania.  The approvals…
               
Shell faces $2 billion impairment charge following asset…
In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Singapore refinery…
               
CalPERS allocates nearly $10 billion to climate action…
The California Public Employees’ Retirement System (CalPERS) announced a commitment of almost $10 billion to advancing global efforts to transition to a low-carbon economy.   This…
               
EU approves €10.82 billion plan for French offshore…
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition…
               
ENGIE and BASF sign 7-year Biomethane Purchase Agreement
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7…
               
EBRD loans over $14 million to Moroccan mining…
The European Bank for reconstruction and Development (EBRD) announced that it is providing $14,635,368 loan to Morocco’s mining sector to help set up its transition…
               
South Africa possesses significant potential in the production…
At the IATA Wings of Change Focus Africa conference in Johannesburg, the International Air Transport Association (IATA) called upon South Africa to harness its resources…
               
Climate group urges an EU-wide mandate for zero-emission…
Campaigners from the Climate Group’s flagship fleet initiatives, EV100 and EV100+, have urged for an EU-wide mandate to set zero-emission corporate fleet targets for light,…
               
Abu Dhabi’s oil company partners with Japanese bank…
Abu Dhabi National Oil Company announced that it has signed a general agreement with the Japan Bank for International Cooperation for a $3 billion green…
               
Norway seeks to explore renewable energy, carbon capture…
According to the energy minister, Norway aims to enhance its partnership with Indonesia and explore investment opportunities in renewable energy, such as hydropower and carbon…
               
Covestro and BP sign long-term power purchase agreement
Covestro, a polymer materials manufacturing company, announced that it has signed a 10-year-long power purchase agreement (PPA) with bp. The purchased power will be supplied…
               
IAG warns of higher airfares to fund carbon…
International Airlines Group (IAG), owner of British Airways, said that airlines in Europe will be forced to raise fares to fund the cost of cutting…
               
Bekaert and Rezolv Energy sign 10-year virtual power…
Bekaert, announced that it has signed a 10-year virtual power purchase agreement(VPPA) in Romania with Rezolv Energy, an independent power producer in Central and Southeastern…
               
Report highlights grid access as top obstacle for…
According to WindEurope, securing access to the electricity grid is the number one bottleneck to deploying renewables at scale in Europe.   WindEurope’s report added that…
               
UN’s Methane Observatory flags Big Oil of site…
A gas platform in the Gulf of Thailand has received a new warning from United Nations International Methane Emissions Observatory (IMEO) about methane emissions detected…
               
Startup raises €5M seed for European carbon offset…
Carbon offset startup Tree.ly announced that it has secured €5 million Seed investment. PortfoLion Capital Partners led the funding, which also  included Gründungsfonds, Symbia VC, and the…
               
Google reports a 48% surge in greenhouse gas…
Google’s annual environment report shows that its greenhouse gas emissions have soared 48% since 2019. The tech giant said “increased data centre energy consumption and…
               
UK Pension funds prefer diversified renewable energy investments,…
AlphaReal, an assets investment manager, recently surveyed UK pension funds and insurers that collectively manage over £350 billion in assets. The survey revealed a strong…
               
Canada announces $39 million for communities hit by…
The federal government of Canada has allocated $39 million to support ten projects in Alberta that aim to help communities transition away from coal-powered energy. …
               
US achieves surge in clean energy investments, says…
According to the IEA’s latest review of US energy policies, the country has made significant strides in recent years in its efforts to ensure a…
               
Spain’s Zelestra secures additional €225 million for clean…
Spanish renewable power developer Zelestra announced that it has added €225 million to its €310 million sustainability-linked loan signed in 2023. The company is looking…
               
New York court dismisses lawsuit challenging NYC Pension…
A New York judge has dismissed a lawsuit filed by a conservative group against city pension funds for their decision to divest billions of dollars…
               
US imposes $145.8 million fine on General Motors…
General Motors will pay a $145.8 million fine and forfeit credits valued at hundreds of millions of dollars following a US government inquiry that revealed…
               
European citizens invited to invest in the Greek…
Akuo Group announced the opening of a crowdfunding campaign for a portfolio of solar power plants in the Thessaly region of Greece. The group said…
               
India’s solar power growth hits 6-year low amid…
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 grid…
               
Iberdrola acquires Balantia to enhance energy efficiency and…
Iberdrola, a Spanish renewables company, announced that it has acquired the “80% it did not control of Balantia”. Iberdrola had initially entered the firm’s capital…
               
Nippon Steel and Sumitomo renew contract with Equinor…
Japan’s largest steelmaker, Nippon Steel and trading house, Sumitomo Corp, announced that they have renewed a long-term contract with Norway’s Equinor to supply seamless steel pipes…
               
Cepsa and PreZero Spain partner to convert waste…
Cepsa announced that it has entered a strategic partnership with PreZero Spain to advance objectives related to decarbonization.   According to the agreement, PreZero Spain will…
               
NGOs call for the exclusion of carbon offsets…
In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offsets from their transition plans, arguing…
               
Luxcara selects Chinese turbines for offshore wind farm…
Luxcara, an independent German asset manager for clean energy infrastructure projects, announced that it has signed a “preferred turbine supplier”.   The asset manager has signed…
               
Genex secures $107 million funding for its solar…
Genex Power announced that it has secured a five-year $107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.   The…
               
US Department of the Interior approves ninth offshore…
The US Department of the Interior announced the approval of the Atlantic Shores South offshore wind energy project, the country’s ninth commercial-scale offshore wind energy…
               
Ineos Energy CEO criticizes UK oil and gas…
The chief executive of Ineos Energy has stated that the company will focus on expanding in the US and Denmark instead of Britain. This decision…
               
Redflow and Stanwell partner to boost Queensland’s energy…
Redflow Limited, a clean energy storage company, announced it had signed a Memorandum of Understanding (MoU) with one of Queensland’s government-owned coal-fired generators, Stanwell Corporation.…
               
China inaugurates country’s first technical centre for SAF 
The Civil Aviation Authority of China (CAAC) launched the country’s first technical centre for sustainable aviation fuel (SAF). The facility, which will focus on standard…
               
EIB and Snam sign €100 million financing agreement…
The European Investment Bank (EIB) announced that it has entered a € 100 million financing agreement with Snam, an Italian energy infrastructure company. The funds…
               
EU approves €3 billion Swedish CCS Scheme to…
The European Commission has sanctioned a €3 billion Swedish initiative under EU State aid regulations to support carbon capture and storage (CCS). This scheme is…
               
BOEM approves construction and operations plan for New…
The US Bureau of Ocean Energy Management (BOEM) announced that it has approved the New England Wind Construction and Operations Plan (COP) for two offshore…
               
Climate tech company secures $34 million in Series…
Aether Fuels, a climate technology company, announced that it has secured $34 million in Series A financing from a syndicate of global investors.   The funds…
               
Private equity fund acquires stake in Solar Sovereign  
Texas-based fund Inferno Capital Group announced that it has acquired a significant stake in energy company Solar Sovereign.   The group said that this move signifies…
               
Shell halts construction at its biofuel plant amid…
Shell announced that it plans to temporarily pause on-site construction work at one of Europe’s largest biofuel plants due to weak market conditions. The biofuel…
               
Neste to provide sustainable aviation fuel to Hotelplan…
Neste announced that it will supply sustainable aviation fuel (SAF) to Hoteplan Group, a Swiss travel group mainly focused on the leisure and business travel…
               
EIB Global supports €271 million Egyptian climate and…
During the EU-Egypt Investment Conference in Cairo, the European Investment Bank (EIB Global) unveiled a €271 million financing initiative aimed at empowering industrial companies throughout…
               
Air New Zealand welcomes 500,000-litre shipment of SAF
Air New Zealand has welcomed its first shipment of 500,000-litre Sustainable Aviation Fuel (SAF) into Wellington. The airline announced that this is a step towards…
               
Asset manager AEW leads in adopting FCA Sustainability…
AEW, the real estate investment and asset manager, announced that it will be one of the first asset managers to adopt FCA Sustainability Impact label…
               
Amazon bypasses carbon offset standard funded by Bezos
Amazon has become the first company to bypass a global standard for verifying carbon offsets, developed by a non-profit largely funded by its founder and…
               
EIB to provide €300 million loan to Europe’s…
The European Investment Bank (EIB) announced that it is providing voestalpine AG, a steel and technology company, a loan of €300 million. voestalpine AG is…
               
Verra announces new carbon capture and storage methodology
Verra, a certifier of voluntary carbon offsets, announced the release of the Verified Carbon Standard (VCS) Methodology VM0049 Carbon Capture and Storage.   The standard, known…
               
Egypt’s wind megaproject of $10 billion to begin…
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 company…
               
Home buyers in Australia and New Zealand inching…
Policymakers, researchers, and property experts caution that home buyers in Australia and New Zealand are overlooking the risks of climate change as they gravitate towards…
               
Renewable energy start-up Xurya raises $55 million in…
Xurya, a renewable energy company providing rooftop solar rentals with no upfront costs in Indonesia, has announced securing an additional $55 million investment.  It said…
               
DHL Express partners with Bank of Philippine Islands…
DHL Express announced that it has signed an agreement with the Bank of Philippine Islands (BPI). The partnership aims to reduce DHL’s annual greenhouse gas…
               
Iberdola’s 1 billion Windanker project reaches delivery phase
Iberdrola announced that its €1 billion Windanker project in Germany has reached the delivery phase. All associated supply chain contracts for major components are secured…
               
Eco-gamers launch online video game to target asset…
A team of eco-gamers known as Serious People has developed a video game titled “Asset Manager Quest” to encourage investment firm ‘Abrdn‘ to divest from…
               
Gunvor and Quercus announce partnership to develop 3…
Gunvor Group, a prominent energy commodities trading company, has announced a partnership with Quercus Real Assets Limited, a specialist in international renewable investments focused on…
               
World Bank invests additional $1.5 billion to boost…
The World Bank’s Board of Executive Directors announced that it has approved $1.5 billion in financing for a second operation to help India accelerate the…
               
ARENA approves $143 million for 370 community batteries…
The Australian Renewable Energy Agency (ARENA) announced that it has conditionally approved up to $143 million to support the deployment of approximately 370 community batteries…
               
Coal dependency soars in Indonesia and Philippines, surpassing…
According to data from energy think tank Ember, the Philippines has entered the top ten list of economies most reliant on coal-fired electricity, surpassing Indonesia…
               
Malaysian bank under fire for financing Vietnamese coal…
While Malaysia commits to phasing out coal power domestically, a Malaysian government-owned development bank has agreed to finance the Song Hau 2 coal plant in…
               
International Organization for Standardization (ISO) to develop international…
The International Organization for Standardization announced that it is working on developing an international standard for Net-Zero.  The international standard will “provide clarity on the…
               
Deep Wind Offshore secures expansion in Baltic Sea…
Deep Wind Offshore announced that it has extended its exclusive rights to develop an offshore wind farm in the Baltic Sea region by winning an…
               
EU sets new standard with 75% CO2-free electricity…
Industry data revealed on Monday that 75% of the European Union’s electricity in the first half of this year came from CO2 emissions-free sources, marking…
               
US Department of the Interior announces offshore wind…
The US Department of the Interior announced that it will hold an offshore wind energy lease sale in the Central Atlantic. The lease will target…
               
Google buys stake in BlackRock-owned solar power firm…
Google announced that it has bought a stake in Taiwan’s New Green Power and plans to purchase up to 300 megawatts of renewable energy from…
               
China’s offshore wind power costs set to undercut…
For the first time this year, the price of offshore wind power in China will fall below that of coal-generated electricity. The government has approved…
               
Recurrent Energy signs $103 million agreement with Bank…
Recurrent Energy, a developer, owner, and operator of solar and energy storage assets, announced that it had completed signing a $103 million tax credit facilitation…
               
Renewco and INDHO announce joint venture to launch…
Renewco Power, a UK-based renewable energy platform, announced a joint venture with INDHO, a green hydrogen developer, to develop a new platform focused on green…
               
Japan proposes stricter SAF regulations to slash aviation…
Japan announced a new proposal that includes stricter rules for domestic producers of sustainable aviation fuel (SAF) to help cut greenhouse gas (GHG) emissions. It…
               
Sirona Technologies raises a €6 million seed round…
Sirona Technologies, co-founded by a former Tesla engineer, announced that it had raised a €6 million seed round to advance its mission of combating climate…
               
Climate Bonds Initiative partners with UNEP FI and…
The Climate Bonds Initiative (CBI) announced a collaboration with the UNEP Finance Initiative and Principles for Responsible Investment to support global interoperability and implementation of…
               
Invesco launches $1.6 billion US climate ETF backed…
Amid US investors withdrawing from sustainable funds, Atlanta’s Invesco has introduced a new climate-focused ETF. The fund received an initial $1.6 billion in assets from…
               
Capital cities swelter as days above 35°C jump…
A study by a think tank revealed a 52% increase in the occurrence of 35°C (95°F) days in 20 major global capitals, from Delhi to…
               
ERM offers new guidelines for investing in Nature…
The ERM Sustainability Institute launched a new guide to help corporate investors and financial institutions understand how and why to invest in high-integrity Natural Climate Solutions (NCS). …
               
Shell set to build two carbon capture hubs…
Shell announced its plans to establish two new carbon capture storage (CCS) facilities- Polaris and Atlas – in Canada.    Shell Canada Products, a subsidiary of…
               
IDB Invest launches first private sector bond for…
IDB Invest, the private sector arm of the Inter-American Development Bank Group, has issued the IDB Group’s first private sector bond to fund green and…
               
EIB and Cepsa sign €285 million loan agreement…
The European Investment Bank (EIB) and Cepsa announced the signing of a €285 million loan agreement. The funds will be used by Cepsa to construct…
               
Positive results for JERA’s ammonia co-firing trial at…
JERA, a Japanese power generator, announced the successful conclusion of a three-month trial at its Hekinan Thermal Power Station in Central Japan. In this trial,…
               
Singapore’s Renewable Energy Investor Acquires Rānui Generation 
SC Oscar, the Singapore-based renewable energy investor, acquired New Zealand renewables developer Rānui Generation for an undisclosed amount, as the infrastructure fund manager aims to…
               
US DOE announces over $63 million to support…
The US Department of Energy (DOE) announced $63 million to support four transformative energy technologies through the Seeding Critical Advances for Leading Energy Technologies with…
               
Iberdrola issues €350 million green bond to diversify…
Iberdrola, a Spain-based electricity company, announced that it had issued a green bond for 335 million Swiss francs (€350 million) in two “tranches” to diversify…
               
Carbon removal market poised for explosive growth with…
A report by management consultancy Oliver Wyman reveals that if barriers to growth are addressed, the global market for CO2 removal credits could reach up…
               
Denmark to implement world’s first livestock emissions tax…
Denmark has taken a significant step towards reducing carbon emissions and achieving its 2030 climate goals by introducing a landmark tax on livestock emissions.   This…
               
Korean Air expands cargo SAF program in partnership…
Korean Air announced that it will expand its cargo sustainable aviation fuel (SAF) program by partnering with global logistics company CEVA Logistics.   Korean Air’s customer-participation…
               
Report highlights impact of $100 billion carbon market…
BeZero Carbon, a global carbon credit ratings agency, published a report outlining the transformative potential of a $100 billion carbon market expected to emerge over…
               
Air freight’s greenhouse emissions up by 25% compared…
According to a report from the campaign group Stand.earth, the surge in online shopping and changes in the post-pandemic economy has driven a 25% rise…
               
Malaysia announces plans to fully retire CFPPs by…
At the London Climate Action Week, Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof said the country has established a phase-out plan for existing coal-fired…
               
Big Oil could face homicide charges over 2023…
Prosecutors in Arizona are considering the possibility of pushing homicide charges against major oil companies for deaths resulting from a July 2023 heatwave, according to…
               
New report reveals surge in climate litigation against…
A new report from LSE’s Graham Research Institute on Climate Change and the Environment shows that companies accused of misrepresenting their progress on climate change…
               
Oman shortlists nine companies for the Ibri III…
Nama Water and Procurement Company (NWAP), Oman’s sole provider of electricity, water and wastewater services, announced the list of prequalified applicants shortlisted for the development…
               
Nuada begins carbon capture trials at Buzzi’s cement…
Nuada, a carbon capture company, announced the launch of a pilot plant in collaboration with Buzzi Unicem at its cement facility in Italy. This marks…
               
Edison partners with Blunova for floating offshore wind…
Edison, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) to jointly develop a floating offshore…
               
EU proposes a framework to resolve funding disputes…
A document seen by Reuters showed that the European Union (EU) will outline guidelines for its member states to jointly develop large-scale renewable energy projects.…
               
Arizona utility Salt River Project adds two additional…
Arizona utility Salt River Project (SRP) and Plus Power LLC announced the addition of two battery storage systems. The two systems—Sierra Estrella Energy Storage and…
               
O.C.O Technology and Petronor collaborate to build €20…
O.C.O Technology announced that it had entered a joint venture partnership with Petronor to build a €20 million facility in the Port of Bilbao, which…
               
United Airlines chief emphasizes oil industry cooperation in…
Lauren Riley, chief sustainability officer for United Airlines, the third largest airline in the US, said in an interview with the Financial Times that sustainable…
               
LanzaJet secures MUFG investment to scale sustainable aviation…
LanzaJet, a sustainable fuels company, revealed that it had received an investment from Mitsubishi UFJ Financial Group (MUFG) to accelerate the deployment of its “proprietary…
               
ICMA releases new resources on green enabling projects…
The International Capital Market Association (ICMA) released new materials to support green enabling projects and guidelines for sustainability-linked loan financing bonds.   The principles set the…
               
EBRD to provide loan to Turkey’s cement sector…
The European Bank for Reconstruction and Development (EBRD) announced that it will be providing Türkiye’s Cimsa, a cement producer, to bankroll the company’s decarbonisation investment…
               
Australia stresses batteries’ crucial role amid plans to…
Australia’s largest electricity grid identifies household batteries as crucial, requiring A$122 billion ($81 billion) annually to replace ageing coal-fired power stations and address increasing energy…
               
Temasek and Blackrock to invest in carbon removal…
In a joint partnership, Singapore’s Temasek and BlackRock have initiated a $69 million capital raise to enhance global carbon removal efforts by Swiss firm Neustark. …
               
Europe’s biggest airline group to charge up to…
Deutsche Lufthansa AG plans to introduce a surcharge of up to €72 ($77) per flight next year to cover the increasing costs of alternative fuels…
               
GE Vernova announces milestone gas turbine and services…
GE Vernova announced that it has received a major gas turbine order and a long-term service agreement for power plants in Saudi Arabia.   The order,…
               
Evri invests £19 million to boost electric cargo…
To accelerate its commitment to sustainability, Evri, a UK-based parcel delivery company, announced an investment worth £19 million. This new funding will expedite the rollout…
               
Report highlights benefits of early retirement of Chinese…
A new policy brief by the Boston University Global Development Policy Center said the early retirement of overseas coal plants would bring health and climate…
               
EU backs 650-billion-euro plan through climate financing initiative 
A European Union informed that a group of 112 cities aiming to eliminate their net greenhouse gas emissions by 2030 would need 650 billion euros…
               
Fervo Energy signs two 15-year PPAs with Southern…
In a press release, Fervo Energy, a green energy supplier, announced the signing of two 15-year power purchase agreements (PPAs) with Southern California Edison(SCE).   The…
               
Investors to start talks with companies to drive…
Over 200 investors have proposed a plan to initiate discussions with 60 companies about biodiversity. The focus will be on companies operating in countries where…
               
Alcazar Energy announces $500 million investment to launch…
In a press release, Alcazar Energy Partners unveiled its plans to launch the biggest onshore wind farm project in North Macedonia with an investment of…
               
South Africa risks $9.3 billion climate finance pact…
A panel appointed by South Africa’s environment minister said the country is risking a $9.3 billion climate finance pact by delaying the closing of several…
               
European Investment Bank to provide €1.2 billion loan…
The European Investment Bank announced in a press release that it would provide a €1.2 billion loan to RWE to finance the construction of the…
               
ECB may take “remedial action” against firms failing…
The European Central Bank (ECB) plans to set emissions reduction targets for the corporate sector portfolios in the asset purchase programme (APP) and pandemic emergency…
               
Heirloom announces plans to build two direct air…
Heirloom, a direct air capture company, announced that it plans to establish two direct air capture (DAC) facilities in Louisiana. The company stated in a…
               
Macquarie Asset Management set to divest stake in…
Macquarie Asset Management announced in a press release, that it has secured an agreement to divest its stake in Hydro Dolomiti Energia (HDE).   The release…
               
Macquarie Asset Management acquires 49.9% stake in Hydro…
Hydro, an aluminium and renewable energy company, announced that it had completed the transaction to sell 49.9% of Hydro Rein to Macquarie Asset Management.   Hydro…
               
Adaptavate announces first-ever full-sized​, ​​​​​​​​carbon-negative​ plasterboard 
Adaptavate announced in a press release that it has produced the “world’s first plasterboard to store carbon permanently.”  The plasterboard reportedly can take nearly 1…
               
KKR and IGNIS partner to launch platform for…
KKR, a global investment firm, and IGNIS, a Spanish renewable group, announced in a press release that they are collaborating on the launch of IGNIS…
               
ExxonMobil partners with Air Liquide to advance the…
ExxonMobil, an international energy and petrochemical company, and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s…
               
EU distributes nearly €3 billion across member states…
The European Commission announced that the European Union (EU) has distributed €2.967 billion via the Modernisation Fund to back 39 energy projects in 10 member…
               
Doral Renewables secures $400 million investment from Dutch…
Doral Renewables, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority equity investment by Dutch pension fund…
               
Second High-Level Dialogue on clean energy financing held…
The second round of the High-Level Energy Transition Dialogues, a preparatory event for the upcoming COP29 climate change conference in Baku, Azerbaijan, was hosted by…
               
Global initiative RE100 calls on Japan to triple…
On Tuesday, RE100, a global corporate initiative promoting renewable energy procurement, urged the Japanese government to swiftly and decisively triple its renewable electricity capacity by…
               
Germany likely to phase-out coal power plants before…
Germany’s climate envoy stated on Monday that the country is expected to shut down its coal-fired power stations earlier than the mandated 2038 deadline due…
               
Rolls-Royce innovates with consortium on next-gen hydrogen engine…
Rolls-Royce Power Systems, a subsidiary of Rolls-Royce Holdings, is working with a consortium of five companies on developing the technologies required for a “highly efficient…
               
Sunrise Wind offshore project in the US gets…
Sunrise Wind, New York’s largest offshore wind project, announced in a press release that it has obtained approval for its Construction and Operations Plan (COP)…
               
Australia’s first CIS auction attracts 40 GW of…
Australia’s inaugural National Capacity Investment Scheme (CIS) auction has attracted significant interest. Investors propose 40 GW of new renewable energy projects, including wind and solar…
               
US government announces $850 million initiative to slash…
The U.S. Department of Energy (DOE) and the US Environmental Protection Agency (EPA) have announced the launching of applications for federal funding totalling $850 million…
               
Climate Arc urges investors to target high-emitting sectors…
Climate Arc, a nonprofit providing guidance, data and funding to promote green investments, argues that climate investors must target the sectors with the highest emissions…
               
Hong Kong gears up to host largest Asia-focused…
Hong Kong will welcome 300 finance executives and international speakers to its largest sustainable finance event, which is scheduled for July 1st and 2nd.   Titled…
               
Nextracker acquires US-based Ojjo for $119 million
Nextracker, a solar trackers solutions provider, announced in a press release that it has acquired Ojjo, a solar foundations expert, in an all-cash transaction for…
               
Insurance broker launches world’s first carbon credit warranty…
The Howden Group, an insurance broker, announced it played a role in developing the first-ever warranty and indemnity policy for carbon credits. This initiative aims…
               
Greenpeace report highlights climate risks in Chinese asset…
According to a new Greenpeace report, major Chinese asset managers have billions of dollars invested in fossil fuels and have no plans to phase them…
               
European Commission approves €3 billion German state aid…
In a press release, the European Commission announced that it has approved a €3 billion German scheme to fund the construction of the “Hydrogen Core…
               
China wants EU to scrap preliminary tariffs on…
Beijing has urged the European Union to cancel its initial tariffs on Chinese electric vehicles before July 4, according to China’s state-controlled Global Times.  This…
               
Global coalition urges governments to boost climate ambitions…
Several of the world’s largest companies, financial institutions, cities, and regions have united to urge governments to enhance their climate ambitions before the February 2025…
               
SENCO announces €20 million investment in Strohm’s to…
SENCO Hydrogen Capital, a private equity firm specializing in investments in hydrogen and energy-in-transition spaces, announced a € 20 million investment in Strohm, an international…
               
ADB invests $50 million in Actis Fund to…
The Asian Development Bank (ADB) has committed $50 million to the Actis Asia Climate Transition Fund, which is managed by Actis, a global investor in…
               
E-fuels offer a long-term solution for key transport…
According to a report by Wood Mackenzie (WoodMac), e-fuels could provide a solution for powering essential transportation sectors like ships, long-haul aircraft, and heavy-duty commercial…
               
ACCIONA Energia and Vidrala ink PPA for electricity…
ACCIONA Energia announced in a press release that it has inked a power purchase agreement with Vidrala, a glass packaging design and manufacturing company.   The…
               
World Bank warns against rising global gas flaring,…
Recent satellite data gathered by the World Bank shows the amount of gas flared worldwide has increased, marking its highest level since 2019.   This led…
               
Climate lawsuit against Italy’s Eni delayed due to…
A decision on a lawsuit filed by Greenpeace and ReCommon against Italy’s Eni, an energy group, for its role in contributing to climate change through…
               
IMF approves $786.2 million for Tanzania’s climate reforms…
IMF’s executive board approved Tanzania’s request for funding worth $786.2 million under the Resilience and Sustainability Facility (RSF), a press release said.  The funding aims…
               
Indigo Ag to deliver 40,000 carbon credits in…
Indigo Ag announced in a press release that it will sell nearly 40,000 agricultural soil-based carbon credits from its third carbon crop to Microsoft.   This…
               
Synhelion launches world’s first solar-powered synthetic fuel plant 
According to a press release, Synhelion, a clean energy company, inaugurated the world’s first industrial-scale plant to make synthetic fuels using solar heat.   Named DAWN…
               
Recurrent Energy secures $513 million for Arizona energy…
In a press release, Recurrent Energy announced that it had secured $513 million in funds as project financing for its Papago Storage project in Arizona.  …
               
Government intervention aims to stabilize China’s solar market 
China’s government has pledged to support struggling solar manufacturers by guiding capacity expansions and preventing redundant investments.  Li Chuangjun, director of the agency’s renewable energy…
               
UK Supreme Court rules in favour of environmental…
The UK Supreme Court ruled that local authorities should have considered the long-term climate impact of onshore oil wells when granting planning permission. This decision…
               
Masdar to Acquire Terna Energy in €3.2 Billion…
In a press release, Masdar announced that it had reached a definitive agreement with Terna Energy to completely take over the firm. Masdar is planning…
               
ARENA funds Amber Electric for Vehicle-to-Grid trial  
The Australian Renewable Energy Agency (ARENA) announced in a press release that it will provide $3.2 million in funding to Amber Electric to test out…
               
Qualitas Energy inks long-term VPPA with Salesforce 
In a press release, Qualitas Energy announced the inking of a deal of long-term virtual power purchase agreement (VPPA) with Salesforce for 27 MWp of…
               
Beagle Systems and AIRMO collaborate on a methane…
In a press release, Beagle Systems, an air data acquisition company, announced its collaboration with AIRMO. The two organizations have joined forces to create an…
               
Nippon Steel’s US Steel acquisition raises decarbonization cost…
Nippon Steel could risk increasing its decarbonization costs by acquiring US Steel. An activist shareholder group has urged the company to consider the takeover’s impact…
               
Frontier secures $48.6 million offtake agreements with Stockholm…
In a press release, Frontier announced that it had facilitated offtake agreements with Stockholm Exergi, marking the initiation of Europe’s foremost commercial-scale carbon removal retrofit…
               
Amsterdam’s Cawa secures €500K to boost transparent carbon…
Cawa, an API infrastructure enabling carbon accounting and ESG platforms to sell transparent, high-quality carbon credits, announced that it raised € 500,000 in a new…
               
Wilder Carbon introduces the world’s first “buffer insurance”…
UK-based carbon standard Wilder Carbon and specialist carbon insurance company Kita announced the world’s first “Buffer Insurance” policy for Wilder Carbon’s buffer pool.  According to…
               
CDB’s President calls for urgent funding to protect…
The acting President of the Caribbean Development Bank urged prompt action to secure the financing of initiatives to safeguard the region’s coastlines and population from…
               
Equatic set to build North America’s first commercial-scale…
Equatic, a carbon removal company, announced in a press release that the engineering on North America’s first commercial-scale ocean-based carbon dioxide removal (CDR) plant is…
               
Vestas secures 577 MW order for Golden Plains…
In a press release, Vestas, a renewable energy company, announced that it has been awarded the Engineering, Procurement, and Construction (EPC) for the second stage…
               
Indian engineers warn of prolonged power outages, amid…
The All India Power Engineers Federation has warned the state government that the current situation is worsening daily, emphasizing that a grid outage in the…
               
UK’s Octopus Energy to invest $2 billion in…
Octopus Energy, a UK-based electricity supplier, announced its first investment in US renewables. It targets investment worth $2 billion in US renewables by 2030.  In…
               
Report highlights the urgent need for improved climate…
A new report by Ceres examines companies’ disclosures under the National Association of Insurance Commissioner’s Climate Risk Disclosure Survey (CRDS).    It aims to serve as…
               
DRI expands renewable portfolio in Romania with 126…
DRI, the renewable energy arm of DTEK Group, announced in a press release that it is purchasing a 126-megawatt (MW) solar park project in Văcărești.  …
               
Federal coalition eyes Queensland’s CFPP for potential nuclear…
Queensland is poised to become a focal point in the Coalition’s push towards nuclear energy, with plans suggesting the state could host up to two…
               
Sineng Electrical partners with Chinese state-owned DEC International…
Sineng Electric announced it is forming a strategic partnership with DEC International, a Chinese state-owned power equipment manufacturer. The partnership aims to drive innovation and…
               
Canada’s proposed oil and gas emissions cap likely…
A recent report by Deloitte Canada, commissioned by the Alberta government, shows that the proposed federal oil and gas emissions cap would cut production, deter…
               
Companies adopting 1.5°C-aligned climate transition plans jump by…
Data released by CDP shows the number of companies disclosing they have 1.5 °C-aligned climate transition plans has jumped by around 44%.  According to CDP’s…
               
Microsoft to receive 8 million carbon credits from…
BTG Pactual Timberland Investment Group, a Latin American investment bank, is planning to execute a carbon offset credit transaction with Microsoft. TIG will provide Microsoft…
               
EU regulators push for revisions in landmark ESG…
Regulators overseeing the markets, banking, and insurance sectors urged the European Commission in their joint ESA opinion document on Tuesday to revise the Sustainable Finance…
               
Macquarie Asset Management set to sell 37.5% stake…
In a press release, Macquarie Asset Management announced that it has finalized an agreement to sell a 37.5% stake in the Race Bank Offshore Wind…
               
Global offshore wind capacity increases with 10.8 GW…
The Global Wind Energy Council (GWEC) published a report highlighting a significant milestone in the offshore wind sector, with the installation of 10.8 gigawatts (GW)…
               
Iberdrola secures final environmental approval for Portugal’s largest…
Iberdrola, a Spanish energy company, announced in a press release that it has obtained the latest approval to build Portugal’s largest wind farm. Further approvals…
               
Volkswagen and Vulcan Green Steel sign MoU to…
Volkswagen AG and Vulcan Green Steel have signed a Memorandum of Understanding (MoU) to establish a partnership focused on low-carbon steel.  VW plans to procure…
               
Mizuho Financial Group partners with asset management firms…
Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier have signed a new sustainability alliance agreement.  The…
               
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 decarbonisation efforts over…
               
Asset management firm to invest $267 million in…
White Summit Capital, an investor and asset manager in sustainable energy infrastructure, will invest 250 million euros ($267 million) in a green hydrogen and methanol…
               
IFC commits $105 million to Brookfield’s 500 MWp…
The International Finance Corporation has announced its commitment to partially finance a 550 MWp solar power project in Rajasthan, India, managed by Brookfield Asset Management.  …
               
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 could face hefty carbon taxes.  Forrest criticized…
               
Transitioning coal plants to renewables in emerging economies…
A recent report by the Institute for Energy Economics and Financial Analysis shows that over 800 coal power stations in emerging economies have the potential…
               
Australia announces fourth offshore wind zone off NSW…
Australia’s Minister for Climate Change and Energy, Chris Bowen, declared a section in the Pacific Ocean off the Illawarra coast in New South Wales for…
               
Energy investments key to propel Africa’s prosperity, IEA…
In a recent report, the International Energy Agency highlighted the vitality of energy investments in the prosperity of the nation.   The report highlights disparities, revealing…
               
Spain calls for stronger support in Europe’s green…
Spain’s climate and energy minister, Teresa Ribera, a leading candidate for the EU’s next head of green policies, emphasized the need for the upcoming European…
               
Union Investment to exclude fossil investments from sustainability…
Union Investment, an investment management company, declared that it would not include fossil investments in sustainability funds and slowly restrict them to conventional funds.   The…
               
African, Inter-American Development bank leaders seek $20 billion…
Leaders of the African and Inter-American Development Banks are touring North America, the Middle East, Korea, and Brazil to secure $20 billion in IMF reserve…
               
BNP Paribas and Bank of Korea cut ties…
BNP Paribas and The Export-Import Bank of Korea, two major international banks, have ended their financial support for Santos’ Barossa gas project.   BNP Paribas, the…
               
Southeast Asia’s green transition at risk due to…
Southeast Asia’s green energy transition is facing uncertainty due to a notable reduction in climate development finance allocated to the region, a new Lowy Institute…
               
New Zealand’s 2024 budget cuts climate initiatives, shifts…
According to a report from Climate Venture Capital Fund, New Zealand’s new coalition government slashed several major climate initiatives in its 2024 budget, which was…
               
Carbonfuture and Swiss Re sign 7-year biochar carbon…
Carbonfuture, a carbon removal solutions provider, announced in a press release that it had inked a 7-year biochar carbon removal (BCR) agreement with Swiss Re.  …
               
Germany’s top climate envoy says deep cuts by…
Germany’s climate envoy insists that achieving net zero emissions by 2050 is not enough under the Paris Agreement, emphasizing that the urgency of deep cuts…
               
Essar Group announces $3.6 billion investment in green…
Essar Group, an India-based firm, will invest Rs 30,000 crore ($3.6 billion) over the next four years in setting up a green hydrogen plant in…
               
Clean energy investments for emerging nations among top…
People in countries most vulnerable to climate change face the consequences of extreme weather conditions. Despite playing a minimal role in driving climate change and…
               
Orsted announces completion of 518 MW energy centre…
Orsted, an energy company, announced the completion of its energy centre in Bee County, Texas, in a press release.  The Helena Energy Centre has a…
               
EBRD provides €45 Million for the Tunisia-Italy electricity…
In a press release, the European Bank for Reconstruction and Development (EBRD) announced that it will provide €45 million as part of a financing package…
               
Philippines suspends new green energy applications to revamp…
The Philippines plans to temporarily halt the processing of new applications for renewable energy projects as it overhauls regulations. This follows a surge in contracts…
               
SA explores private investment in transmission capacity to…
The head of a South African government office responsible for auction rounds for state-provided renewable energy stated that establishing a similar agency to encourage private…
               
Highview Power secures £300 million investment for UK’s…
Highview Power, an energy storage company, announced that it has secured the support of the UK Infrastructure Bank (UKIB) and Centrica with a £300 million…
               
Brookfield Asset Management & ALTÉRRA launch fund to…
Mark Carney, Chair and Head of Transition Investing at Brookfield Asset Management said, “The Catalytic Transition Fund is a private market solution to the global…
               
UK to announce clean energy funding and AI…
On the second day of the G7 Leaders Summit in Italy, the UK’s Prime Minister, Rishi Sunak, will emphasize the importance of supporting countries in…
               
Swiss leaders reject landmark ruling in favour of…
Swiss politicians have rejected a significant climate ruling from the European Court of Human Rights, sparking concerns that other countries with high pollution levels may…
               
World Bank and HSBC to launch $200 million…
The World Bank has appointed HSBC to structure a new outcome bond aimed at addressing reforestation efforts in the Brazilian Amazon. This principal-protected outcome bond…
               
ThyssenKrupp Steel to present green steel plant proposals…
ThyssenKrupp Steel Europe plans to propose a green steel plant at Duisburg. The company aims to switch to direct reduction steelmaking to gradually replace the…
               
Ex-MD of Goldman Sachs teams up with law…
Jim Bunch, a former managing director at Goldman Sachs Group Inc., has teamed up with law firm Linklaters and London nonprofit Scope 3 Climate Capital…
               
Global oil demand to peak by 2029, IEA…
According to the International Energy Agency (IEA), global oil demand is expected to reach its highest point by 2029 and then start decreasing the following…
               
SENSEWind announces plans for innovative 6 MW wind…
SENSEWind announced in a press release that it plans to construct a 6 MW wind turbine using its innovative SENSE installation system. This project will…
               
Stalemate in Climate Funding Talks Ahead of COP29 
One of COP29’s main goals is to finalize a new annual financing target to help poorer countries cut their emissions and protect their societies.  As…
               
Largest US oil trade group to file a…
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday to block the Biden administration’s initiatives…
               
Microsoft inks long-term PPAs with European Energy to…
European Energy announced that it has signed a chain of power purchase agreements (PPAs) with Microsoft.   European Energy issued a press release announcing the PPAs,…
               
Report finds lower value-chain emissions for US-shipped LNG…
A research report by Rystand Energy revealed that the value-chain emissions of liquified natural gas (LNG) are lower on average than those of coal-fired power…
               
Startup eyes US factory for futuristic solar panels,…
California-based startup Swift Solar Inc. intends to construct a factory in the United States within the next two to three years to manufacture its advanced…
               
Koehler Group decarbonizes CFPP, switches to biomass
At its Oberkirch site, the Koehler Group is upgrading its power plant to use eco-friendly biomass as fuel. With the last piece of coal now…
               
EIB to provide advisory support to Bulagaria’s national…
According to a press release by NEK, the European Investment Bank (EIB) is set to provide advisory assistance to Bulgaria’s national electricity company, Natsionalna Elektricheska…
               
Emirates Global Aluminium announces Green Finance Framework
The Emirates Global Aluminium (EGA) published its Green Finance Framework to assist decarbonization projects and activities that could help accelerate the transition to a low-carbon…
               
UK Green Party pledges fossil fuel divestment for…
If it wins the general election on July 4, the UK’s Green Party has pledged to require non-bank financial institutions, such as pension funds and…
               
Spain leads Europe in solar capacity but faces…
Recent research by Global Energy Monitor shows Spain has more utility-scale solar capacity in operation (29.5 GW) than any other European nation. However, it risks…
               
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 into a business sector previously…
               
Seabased and BIDC sign MoU to catalyze Barabados’…
Seabased Group and The Barbados Investment and Development Corporation (BIDC) have signed a memorandum of understanding (MoU) to build a “wave park as part of…
               
Orsted announces plans to install Tesla battery storage…
According to a press release, Orsted, a Danish renewable energy company, will install a Tesla Megapack battery energy storage system (BESS) in England.   The company…
               
Texas initiates carbon capture and storage lease initiative…
Texas is planning to put over 1 million acres of state-owned land up for lease to target parties interested in carbon capture and storage (CCS)…
               
Glencore plans to back Indonesian nickel miner to…
Glencore Plc is set to back Indonesian nickel miner PT Ceria Nugraha Indotama to build a battery metal plant ahead of the mining company’s initial…
               
Vesper Energy secures $592 million investment for Hornet…
Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, totalling around $592 million in investment.   In a…
               
World Bank’s new fund to assist climate-affected vulnerable…
The World Bank’s Board of Executive Directors approved a plan to act as interim host of a fund that will provide financial support to developing…
               
Big banks face scrutiny for ‘greenwashing’ their role…
A recent report reveals that five major banks are accused of misleading the public about their involvement in the the destruction of the Amazon Rainforest.…
               
Microsoft and Repsol ink six long-term renewable energy…
According to a press release, Repsol, a Spanish energy company, has signed six 12-year virtual power purchase agreements (VPPAS) with Microsoft.   The agreement comprised of…
               
OMV Petrom to invest $805 million to build…
Key Points: Sustainable Aviation Fuels (SAF) and Renewable Diesel (HVO) Plant OMV Petrom, a leading oil refinery company, has announced plans to invest $805 million…
               
Chinese solar industry urges government action amid price…
Chinese solar panel manufacturers are calling for immediate government intervention. They aim to curb investment and foster industry collaboration, to stop the steep decline in…
               
Europe will need to invest more in sustainable…
European leaders are urged to increase investment in synthetic aviation fuels alongside biofuels to achieve Net-Zero targets and decarbonize aviation by 2050.  Relying solely on…
               
Netherlands concludes largest offshore wind auction for two…
The biggest-ever auction for offshore wind projects in the Netherlands has ended, with major companies set to develop the sites. A group of companies, including…
               
World’s largest carmakers to face $7.6 billion lawsuits…
The world’s largest carmakers are currently facing 1.5 million lawsuits in Britain, accusing them of manipulating emissions tests. The estimated cost could reach 6 billion…
               
Report highlights US Government’s efforts to boost carbon…
A recent report published by the National Energy Technology Laboratory (NETL) highlights the scale of the development of carbon capture storage (CCS) technology in the…
               
Integrity Council announces first high-integrity CCP-labelled carbon credits
According to a press release, The Integrity Council for the Voluntary Carbon Market (ICVCM) announced the “first carbon-crediting methodologies that meet its high-integrity Core Carbon…
               
Rising copper prices challenge India’s renewable energy sector 
Amid escalating copper prices, India’s renewable energy sector faces rising costs and budgeting challenges. In recent months, copper prices have surged due to increased manufacturing…
               
Japan’s Nippon Life Insurance announces new transition finance…
Japan’s Nippon Life Insurance announced guidelines for offering transition finance loans to steelmakers and utilities, aiming to set a standard for local lenders and businesses. …
               
Asset manager announces launch of Sustainable Equity Water…
Candriam, a global asset manager, announced the Candriam Sustainable Equity Water Fund. According to a statement, the fund will invest in “economic activities contributing to…
               
Tronox inks PPA for renewable energy in South…
Tronox Holdings PLC, a titanium dioxide producer, announced it has inked a power purchase agreement (PPA) with South African energy company NOA Group Ltd.   According…
               
Hitachi Energy to invest additional $4.5 billion by…
Hitachi Energy plans to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnership by 2027 to accelerate the clean energy transition.  In…
               
Report warns UK offshore wind targets at risk,…
A recent report by the Institute of Public Policy Research (IPPR) reveals a disparity between the United Kingdom’s (UK) offshore wind farm ambitions and its…
               
Citigroup faces pressure after climate activists gather outside…
On Monday, a large group of climate activists assembled outside Citigroup Inc.’s headquarters in downtown Manhattan, launching what they claim to be a prolonged campaign…
               
US Supreme Court seeks government’s views on lawsuit…
The US Supreme Court requested President Joe Biden’s administration provide its perspective on Sunoco and other oil companies’ attempt to dismiss a lawsuit filed by…
               
Candi Solar lands $38 million in funding to…
Candi Solar, a clean energy company specializing in solar power solutions, announced that it had secured $38 million in equity investment in a successful funding…
               
Analysts predict an uphill battle for EU climate…
The shift towards right-leaning parties in the European Parliament is expected to hinder the passage of ambitious EU climate policies. However, analysts, officials, and lawmakers…
               
US International Trade Commission investigates Southeast Asian solar…
According to a statement by the US International Trade Commission(USITC), the body voted to continue investigating whether crystalline silicon photovoltaic (PV) cells manufactured in Cambodia,…
               
ESG funds and sustainable investing outperform traditional funds,…
Environmental, social, and governance (ESG) investing surged in popularity among investors and the public from 2017 to 2022 but has recently encountered criticism from certain…