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Pooja Kesavan
591 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.
A report has found that water temperatures near the UK’s coasts in 2023 were the highest ever recorded. This means that children today are growing […]
The International Energy Agency’s latest update on global coal market trends forecasts that coal demand will stabilize in 2024 and 2025. This stability comes despite […]
Green advocates welcome the prospect of a Kamala Harris presidency, noting her robust environmental record, which starkly contrasts with Donald Trump’s pledge to roll back […]
Britain’s Environment Agency strongly criticized the country’s water companies for releasing sewage into rivers and seas, stating that most of them were not meeting fundamental […]
EnBW announced on Tuesday its plan to invest 1 billion euros ($1.09 billion) in Germany’s upcoming national hydrogen transport network. This infrastructure, slated to commence […]
Chris Skidmore, the former UK Conservative energy minister who resigned over disagreements regarding oil and gas drilling, has launched an investment bank to support green-energy […]
Vice President Kamala Harris has been actively involved in advancing environmental priorities within the Biden administration. Harris shares similar climate and energy positions with President […]
Stellantis, Chrysler’s parent company, has paid $190.7 million in civil penalties for not meeting US fuel economy standards for 2019 and 2020. According to government […]
Nearly 50 years ago, Marathon Petroleum‘s corporate predecessor warned in its company magazine, Marathon World, that global temperature rise is linked to “industrial expansion” and […]
In the second quarter, the US expanded its network of public fast-charging stations for electric vehicles by about 700, reaching nearly 9,000 nationwide. This growth […]
Singapore’s Global Centre for Maritime Decarbonisation (GCMD) announced the completion of its final trial involving biofuels to power ships, conducted in collaboration with German container […]
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 […]
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’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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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” […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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. […]
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 […]
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 […]
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’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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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. […]
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 […]
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 […]
On Thursday, CEO Evan Greenberg told CNBC’s Jim Cramer that climate change is a significant contributing factor influencing insurance prices. “Climate change has created tremendous […]
As the two-year US tariff break on solar panels from Southeast Asia ends, American project developers must now swiftly deploy the large stockpile of duty-free […]
The International Energy Agency (IEA) forecasts that global investment in clean energy technology and infrastructure will reach $2 trillion this year, doubling the amount allocated […]
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 […]
According to a recent analysis, new regulations in Europe will lead to a widespread industry purge as asset managers face limits on attaching ESG labels […]
According to a report by researchers released on Wednesday, to achieve global climate goals, governments must expand afforestation and use advanced technologies to quadruple the […]
Germany’s economy ministry announced it received preliminary approval from the European Commission to compensate power company LEAG with up to 1.75 billion euros ($1.90 billion) […]
Pollination Group, a climate change advisory and investment firm, observes better opportunities for venture capital investments in Australia as the government ramps up support for […]
According to the International Energy Agency’s analysis released on Tuesday, the combined efforts of countries would expand renewable energy by 2.2 times by 2030. The […]
Waste Management is close to finalizing a purchase agreement with Stericycle, a medical waste disposal company, for approximately $7 billion, which includes debt. According to […]
Green groups are urging that the climate crisis be made a central focus in the upcoming TV debates between Rishi Sunak and Keir Starmer. Several […]
Carbon Green Investments, a company managing offset projects, has announced that it will immediately remove the Kariba forestry project, one of the biggest carbon offset […]
South Korea aims to get 70% of its electricity from clean energy, such as renewables and nuclear power, by 2038, a significant increase from the […]
In a recent study, researchers at University College London and the International Institute for Sustainable Development (IISD) said that sufficient fossil fuel projects are already […]
Skidmore, Owings & Merrill LLP (SOM), the architecture firm responsible for the world’s tallest building, is exploring methods to construct skyscrapers that can store energy […]
The World Bank has approved a $1.2 billion budget support package for Kenya to help the country manage immediate fiscal challenges and accelerate environmental initiatives. […]
On Wednesday, the White House announced new measures to support the advancement of new nuclear power plants in the United States. Nuclear power is recognized […]
Fulcrum BioEnergy, a clean fuel technology company, secured over $1 billion in funding to convert household waste into eco-friendly fuels for transportation. However, it faces […]
In its first-ever move, The European Central Bank is planning to fine several banks for failing to address the impact of climate change. Up to […]
In northern and central India, temperatures soar above 50°C amidst a severe heatwave. Over 37 cities across the nation experienced temperatures surpassing 45°C this week. […]
On Tuesday, the European Union and Australia signed a memorandum of understanding (MoU) to collaborate on crucial minerals. The deal aims to broaden the EU’s […]
A top authority on corporate climate goals announced it would enforce stricter criteria for financial institutions seeking its endorsement to ensure their short-term objectives better […]
An Egyptian firm has teamed up with the second-largest state-owned car manufacturer in China to produce affordable electric vehicles (EV) in the Middle East’s most […]
The European Union has approved a new law to ensure that 40% of its clean technology, including solar panels and wind turbines, is produced within […]
The CEO of TotalEnergies informed shareholders that new oilfields must be developed to meet global demand. Climate activists protested outside the annual meetings of the […]
Biden administration, led by Treasury Secretary Janet Yellen, will introduce the first US guidelines for carbon markets this week. This marks a significant step forward […]
Five members of Letzte Generation, a climate activist group similar to Just Stop Oil in Germany, face charges of “forming a criminal organization.” Civil rights […]
On Friday, Itochu announced signing a long-term power supply agreement with Google to support the tech giant’s renewable energy objectives in Japan. Through its portfolio […]
Ahead of this year’s COP29 summit, the chief of the International Energy Agency emphasized that global climate talks must focus on increasing clean energy investments […]
A Berlin court has instructed the German government to revise its 2023 climate plan to align with sector-specific 2030 goals. The ruling, issued by the […]
US lawmakers lead an inquiry into big oil companies and urge the Justice Department to investigate potential climate deception. Democrats Senator Sheldon Whitehouse and Representative […]
Battery-operated school buses in Oakland, California, are anticipated to reduce emissions and provide sufficient electricity to power at least 300 homes. A recent report from […]
BloombergNEF’s extensive New Energy Outlook report, which spans 250 pages and analyzes 18 million data points, reveals that governments and companies must invest an additional […]
Biodiversity, encompassing the variety of all life forms on Earth, is fundamental to sustaining the ecosystems that provide us with food, clean water, air, and […]
The Biden administration faces increased calls to strengthen its restrictions on America’s growing fossil fuel trade. This includes stopping the construction of new deepwater oil […]
A recent study published in the Proceedings of the National Academy of Sciences reveals that more than a third of the Amazon rainforest struggles to […]
Lenders across Europe are struggling with a rising concern about energy consumption in residential mortgage portfolios In Germany, the largest economy in the region, numerous […]
Activists are pressing Russia’s constitutional court to review the nation’s climate policies, specifically its significant methane emissions. The claim, brought forth by 18 individuals and […]
New coal mines, gas fields, and other major sources of greenhouse gases in New South Wales will now face stricter regulations to minimise pollution and […]
An analysis of inspection reports found that nearly two dozen US landfills frequently exceeded federal methane emission limits, often reporting lower levels than actual. The […]
Deutsche Bank has entered a deal with the European Investment Bank that enables it to offer discounts on over €600 million ($652 million) worth of […]
Norway’s $1.6 trillion sovereign wealth fund has asked Shell to provide more information about its updated climate targets. However, the fund will oppose an independent […]
Tokyo-based banking and financial services company Mizuho Financial Group announced a new objective. The company intends to provide JPY 2 trillion (USD$13 billion) in financing […]
Biofuel companies are investing over $1 billion to construct China’s first plants converting waste cooking oil into aviation fuel. This investment aims to meet both […]
Eversource Capital, which managed India’s largest climate impact fund in 2022, aims to raise at least $1 billion to support companies in other Asian countries, […]
According to a new analysis by Wood Mackenzie published on Thursday, Donald Trump’s victory in the November 5 presidential election would threaten $1 trillion in […]
The UK Sustainable Investment and Finance Association (UKSIF) has released a report indicating potential challenges facing the UK’s leadership in global green finance. According to […]
DB Schenker in Sweden introduces a fully electric Scania R 450e lorry for long-distance deliveries. This e-truck will operate between Jönköping and Södertälje, covering a […]
A study by University College London researchers reveals that extreme heat and climate change-related disasters worsen neurological diseases and mental health disorders. They found that […]
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 […]
Exxon Mobil Corp is again under scrutiny from environmentally focused investors who argue that the company is not meeting its climate-related commitments. Criticism of the […]
China’s state planner, the National Development and Reform Commission (NDRC), has directed provinces to create energy-efficiency plans for entities responsible for roughly 70% of energy […]
Indonesia’s Pertamina, ExxonMobil, and South Korea’s KNOC agreed to develop a carbon capture and storage (CCS) hub in Indonesia. Pertamina and ExxonMobil will collaborate on […]
A US appeals court has confirmed a rule from President Biden’s administration on biofuel blending requirements for oil refiners from 2020 to 2022. The court […]
President Joe Biden plans to increase tariffs significantly on Chinese electric vehicles (EV) and other key industries this week, emphasizing the move as a defence […]
Britain’s delay in finalizing its sustainable finance framework is jeopardizing billions of pounds in funding, as per a UK investor association overseeing £19 trillion ($24 […]
On Tuesday, the Australian government announced an A$22.7 billion ($15.0 billion) package to strengthen domestic manufacturing and renewable energy sectors and decrease dependence on foreign […]
Schneider Electric supports India’s Namami Gange initiative by implementing sustainable automation at Delhi’s largest single-stage wastewater treatment plant. SUEZ is building the plant under the […]
According to the 15th annual Banking On Climate Chaos (BOCC) report released Monday, banks such as Barclays and HSBC committed $705 billion to fossil fuels […]
Octopus Investments has introduced a new Natural Capital Strategy to acquire UK land-based assets to generate carbon removal credits and other revenue streams. This move […]
A Boston-based startup is in the process of developing a vaccine that can curb methane emissions that are emitted by livestock. ArkeaBio, an ag-biotech company, […]
Jamie Dimon, CEO of JPMorgan Chase & Co., met with Texas Attorney General Ken Paxton because Paxton threatened to prevent more banks from assisting the […]
The Japanese government plans to develop a new national strategy by the end of March next year, focusing on decarbonization and industrial policy toward 2040. […]
European Union countries officially approved a law on Monday to reduce truck carbon dioxide emissions. This law mandates that most new heavy-duty vehicles sold in […]
On Monday, private equity firm EQT announced a cash offer to acquire Swedish renewable energy group OX2 for 16.4 billion crowns ($1.51 billion). EQT is […]
This month, Queensland state in Australia will decide whether to approve Glencore’s request to bury liquefied carbon dioxide in the country’s largest aquifer. Farm groups […]
On Friday, a federal appeals court rejected a lawsuit by four Republican-led states trying to stop a US Securities and Exchange Commission rule. This rule […]
A new boat Eco Edison, designed to support operations in US offshore wind farms, will be launched in New Orleans on Saturday in the presence […]
A two-day climate discussion between the largest emitters of greenhouse gases concluded this week, with plans for the US and China to collaborate on phasing […]
Australia-based Hysata, a startup focused on green hydrogen, announced it has raised $111 million in a Series B funding round. The funding will support advancements […]
Singapore Airlines (SIA) Group has partnered with Neste to acquire 1,000 tonnes of neat Neste MY Sustainable Aviation Fuel in an effort to reduce its […]
South Africa is preparing for a transition in its energy sector, seeking $2.6 billion in climate finance by proposing a revised timetable for closing coal-fired […]
Republican attorneys general from 27 US states, and industry trade groups filed lawsuits to block a new Environmental Protection Agency rule to reduce carbon emissions […]
The Dutch multi-sector pension scheme PGB has chosen three ‘focus themes’ for its sustainable investments based on member preferences: climate change, biodiversity loss, and sustainable […]
A group of 24 institutional investors, collectively managing $1.2 trillion in assets, are urging Barclays Plc to cease financing fracking. They argue that Barclays’ recent […]
Staff at a prominent corporate climate action group, whose board proposed a plan allowing companies to offset supply chain greenhouse gas emissions with carbon credits, […]
According to a report from the World Meteorological Organization (WMO), hunger and disease are increasing in Latin America due to a year of extreme heat, […]
Spain’s Official Credit Institute (ICO) has committed to invest €15 million in Spanish insurance group Mapfre’s green biofuel fund. Mapfre, in collaboration with IAM Carbonzero, […]
Climeworks has unveiled the world’s largest operational direct air capture (DAC) plant, the Mammoth plant in Iceland. This plant is nearly ten times larger than […]
On Tuesday, AMPIN Energy Transition announced that Switzerland-based asset manager responsAbility, will invest up to $35 million on behalf of its investors in the renewable […]
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 […]
According to the European Union’s climate change monitoring service, the world just had its hottest April on record, continuing an 11-month streak in which each […]
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% […]
Recent showers in Bengaluru have provided relief to residents from the persistent heat experienced over the last few months. According to the Indian Meteorological Department […]
Pine Gate Renewables, headquartered in Asheville, has secured a $650 million investment from three partners. Generate Capital, the Healthcare of Ontario Pension Plan and HESTA. […]
On Monday, top executives of US oil giants Exxon Mobil and Chevron Corp emphasised the necessity for the US to provide clear guidelines on energy […]
In a first-of-its-kind analysis, Advancing Clean Technology Manufacturing reports that global investment in manufacturing five key clean energy technologies (solar PV, wind, batteries, electrolysers, and […]
The State Department announced that China’s Special Envoy for Climate Change, Liu Zhenmin, will visit Washington on Wednesday and Thursday. This meeting fulfils the Biden […]
Three major global health funders have partnered for the first time in a $300 million initiative to address the interconnected challenges of climate change, malnutrition, […]
Brussels Airport Company is significantly ramping up efforts to reach net zero carbon emissions by 2030, aiming to eliminate all carbon dioxide emissions (scopes 1 […]
Deutsche Bank announced the appointment of Trisha Taneja as the global head of environmental, social, and governance (ESG) for the origination and advisory division. Taneja […]
London High Court has ruled that Britain’s latest climate action plan is unlawful because ministers were not adequately informed of the risks associated with key […]
During their Saturday meeting, shareholders of Berkshire Hathaway Inc. decisively rejected six proposals related to environmental and social policies at Warren Buffett’s conglomerate. The majority […]
According to a report by consultancy Wood Mackenzie, a five-year delay in decarbonization efforts could raise global average temperatures by 3 degrees Celsius above pre-industrial […]
Air France, its Dutch arm KLM, Norwegian, SAS, and multiple Lufthansa Group airlines are among 20 carriers under investigation by the European Union for potential […]
California utility Pacific Gas & Electric (PG&E) announced that it is close to finalizing an agreement to sell its power generation assets to KKR, a […]
Environment Minister Stephen Guilbeault announced on Thursday that Canada’s greenhouse gas emissions in 2022 increased by a smaller amount than anticipated, following the peak of […]
On Thursday, a US appeals court overturned a lower court’s decision that halted a land exchange crucial for developers to proceed with constructing a significant […]
Five of the largest carbon credit programs worldwide have received initial approval from a regulatory body dedicated to enhancing standards in the carbon offset market. […]
On Thursday, the Australian Retirement Trust announced that it will cease investing in most thermal coal companies starting in July as part of its strategy […]
According to Liu Zhenmin, appointed by Xi Jinping as Special Envoy for Climate Change, efforts by the US and Europe to curb China’s leadership in […]
Renewable energy produced more than one-third of Australia’s electricity in the first quarter of 2024, marking a record high for solar and wind farms during […]
Citigroup could face significant financial losses in its loan portfolio if global efforts to address climate change accelerate, as indicated by a confidential analysis conducted […]
On Tuesday, the White House changed the US environmental review process for large-scale projects. Officials believe these reforms will expedite approvals for various activities, including […]
NEoT Green Mobility (NGM), based in Paris and dedicated to financing zero-emission mobility projects, has announced securing an additional €60M from its key investors, Mirova, […]
According to a report from Melbourne’s nonprofit organization, The Superpower Institute, major polluters in Australia may be emitting more than double the methane as estimated […]
Bangkok issued extreme heat warnings last week as the heat index reached “very dangerous” levels. Government data indicates that about 30 people have died from […]
Energy ministers from the Group of Seven (G7) major democracies have agreed to close down their coal-fired power plants by the early 2030s, marking a […]
Maritime Transport is progressing toward eco-friendly trucking by replacing diesel trucks with new electric semi-trucks. The company has placed an order for a total of […]
Concentrix, a provider of customer experience solutions, has initiated the ‘Go Clean, Go Green’ campaign. This campaign involves organizing cleanliness drives in public areas such […]
Japan’s largest utility, JERA, seeks opportunities to invest in low-carbon hydrogen and ammonia projects in the Middle East and intends to purchase their output. JERA […]
TotalEnergies SE Chief Executive Officer Patrick Pouyanne emphasized the importance of preparing for a warmer climate, noting that global oil consumption could still exceed 100 […]
Barclays Plc suggests that additional funding should support climate transition projects that are too sophisticated for venture capitalists and too new for infrastructure investors. According […]
According to Rystad Energy, India achieved its highest annual installed renewable energy capacity of 18.5 gigawatts (GW) for the fiscal year ending March 31, 2024. […]
Tim Newell, a seasoned expert in fintech and sustainability, has partnered with climate finance firm Aspiration Partners, Inc., to separate Aspiration’s green consumer financial services […]
Organizers from Columbia University, Tulane University, and the University of Virginia have contacted attorneys general, arguing that their universities’ investments in fossil fuels violate the […]
A recent report released on Wednesday reveals that approximately 44 million Americans reside in cities or counties where air quality has reached its lowest point […]
100 volunteers gathered on a popular beach in the Japanese port city of Yokohama to plant eelgrass in the shallow waters. Originally a local initiative […]
Scotiabank, one of Canada’s largest multinational banking firms in Toronto, revealed its call for grant submissions. The Net-Zero Research Fund is open to organizations within […]
The Australian financial giant Macquarie Group has revealed its initiative to establish an electric vehicle (EV) financing platform to revolutionize India’s transportation industry. Macquarie’s latest […]
The Sustainable Finance for Tiger Landscapes Conference ended positively, a landmark event for global conservation. Her Majesty The Queen of Bhutan inaugurated the conference, championing […]
The newly launched Carbon Removal Registry Isometric made its debut on Monday, issuing its first credits to the Frontier fund led by Stripe. While the […]
Enel SpA will increase the interest payments on its sustainability-linked bonds following a penalty triggered by its failure to meet greenhouse gas emissions targets in […]
The federal government is set to advance the Clean Electricity Investment Tax Credit (Clean Electricity ITC), initially proposed last year. This initiative entails a 15% […]
The Biden-Harris Administration has revealed the first recipients of significant investments in clean energy manufacturing. As a component of the comprehensive Investing in America agenda, […]
According to the EU’s Copernicus climate monitoring service and the World Meteorological Organization, as climate change drives temperatures higher, Europe is experiencing more frequent and […]
The head of the UK government’s advisory body has stated that Prime Minister Rishi Sunak needs to ramp up efforts in addressing climate change, particularly […]
World leaders will convene in the capital of Canada this week to discuss the advancements made in drafting the first global treaty on curbing the […]
Basic Energy Corp. solidified its collaboration with Japan’s Renova Inc. through a joint development and shareholder agreement concerning the Mabini wind project, which is projected to require an investment of P4.5 billion.
Speaking at the Irena Assembly in Abu Dhabi on Wednesday, EU energy commissioner Kadri Simson said that reducing European electricity prices could bring down returns for investors and producers.
The UN-led Net-Zero Asset Owner Alliance launches the fourth edition of its Target-Setting Protocol. Covering most major asset classes for the first time, it will guide emission reduction efforts over the next five years, aiming to halve emissions by 2030.
Siemens Energy Inc., a renewable energy firm, and Danish electrolyzer manufacturer Topsoe A/S are among the numerous recipients poised to benefit from approximately $2 billion in clean energy tax credits, slated for announcement by the Biden administration on Friday.
As banks strive to limit global warming to 1.5°C, they face increasing financial risks. With each temperature rise, the threat of economic upheaval grows, challenging the financial sector's stability.
Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns with Scotiabank's Sustainable Issuance Framework, released on April 5, 2024.
The Environmental Protection Agency (EPA) has set nationwide restrictions on six varieties of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water, marking the first time such limits have been established.
Apple announced its decision to ramp up clean energy initiatives worldwide towards achieving carbon neutrality across its operations by 2030.
White House officials are revisiting the possibility of declaring a national climate emergency, a groundbreaking action that could grant federal powers to limit oil development.
Climate change is projected to cause annual economic losses totaling $38 trillion by 2049, according to findings from the Potsdam Institute for Climate Impact Research (PIK). This will occur as extreme weather events disrupt agricultural output, diminish labor productivity, and damage infrastructure.
According to a new report by the World Bank, companies like Netflix, Apple, and Shell are investing in Kenya's carbon credits. Kenya is Africa's second-largest voluntary carbon market (VCM) credit issuer, following the Democratic Republic of the Congo.
A report released Monday highlights a notable rise in green investments across Southeast Asia in 2023, driven partly by green data center projects. However, the report notes that funding remains insufficient.
GridBeyond, a smart energy company, has completed a Series C funding round of €52M ($55 million). This funding will aid the company in scaling up its operations, supporting international expansion, significantly growing its presence in the US, and continuing investment in research and development to contribute to a zero-carbon future.
Torrential rains have caused flooding across the United Arab Emirates, leading to flight cancellations, school closures, and traffic jams. The heavy rainfall is partly due to cloud seeding.
According to a recent analysis by Ember, German coal mines emit significantly more methane than officially reported to the United Nations.
On Monday, Air Products and Chemicals, an industrial gas manufacturer based in Pennsylvania, announced that it had secured funding to construct two hydrogen refueling stations in Germany.
Universiti Teknologi Malaysia (UTM) and Climate Resources Exchange International (CRX) from Singapore have signed a Memorandum of Understanding (MoU) to lead carbon-related projects in Malaysia. This partnership aims to harness the strengths of both countries to tackle urgent climate issues effectively.
On Monday, Mahindra Group declared a Rs 1,200 crore investment in renewable energy projects in India, including a 150 MW hybrid project combining solar and wind energy.
The frontrunner for Mexico's presidency, Claudia Sheinbaum, has proposed a plan to allocate approximately $13.6 billion towards expanding the country's use of renewable energy while also introducing new gas-powered plants.
The Presidency has begun preparations for the upcoming UN climate talks in Baku this November. Officials from Azerbaijan, the host nation, note early disagreements among states and parties regarding the summit's main focus, climate finance.
Since the first edition in 2021, the EU and the UK have consistently held the leading positions in BloombergNEF's assessment of the Group of 20's low-carbon policy frameworks, and this trend has continued into the present year.
India is preparing for a temperature surge in the upcoming weeks, which could strain power grids and endanger lives, especially as election rallies increase.
Biodel Ag, a US company specializing in regenerative agriculture carbon projects, has partnered with Carbon Asset Solutions Ltd., a carbon registry and MRV provider. Together, they will offer precise carbon credit measurement and regenerative carbon programming as a comprehensive service.
Climate groups, including Australia's Market Forces, Japan's Kiko Network, and a representative from the Rainforest Action Network, have submitted shareholder proposals to Japan's leading banks, including Mitsubishi UFJ Financial Group.
A recent report by the International Institute for Environment and Development (IIED), a UK-based non-profit organization, suggests that debt-for-nature swaps could potentially yield $100 billion to combat climate change.
Ian Simm, founder and CEO of Impax Asset Management, believes that investment funds emphasizing environmental, social, and governance (ESG) factors can withstand a potential victory by Donald Trump in the upcoming US Presidential election.
According to a press release from the Oklahoma Attorney General's office on Wednesday, the state has filed a lawsuit against two energy companies, alleging manipulation of natural gas prices during Winter Storm Uri in 2021.
On Thursday, the Biden administration announced that the United States had surpassed its target of permitting over 25 gigawatts of clean energy projects on public lands by 2025.
The board and CEO of the Science Based Targets initiative faced calls to step down following changes to the United Nations-backed guidelines on companies' usage of carbon credits.
Government data revealed that Japan experienced a 2.5% decline in greenhouse gas emissions, reaching a historic low during the fiscal year ending in March 2023. This reduction was attributed to decreased emissions within the industrial and service sectors.
Tango has taken a significant step in its sustainability efforts by releasing its first Sustainability Report for 2023. In this report, Tango has outlined its ambitious goal of achieving carbon neutrality by 2030, positioning itself as a leader among real estate technology providers.
As efforts to combat climate change intensify, there are currently 73 carbon pricing mechanisms in operation worldwide as of April 1, 2023. These mechanisms collectively cover a significant 23.04% of global greenhouse gas emissions.
On Tuesday, a US appeals court upheld the Environmental Protection Agency's ruling, allowing California to establish its regulations for tailpipe emissions and electric vehicle standards.
The European Union intensified its scrutiny of Chinese clean-tech investments, raising concerns about the potential displacement of local suppliers as part of EU initiatives to transition towards a green economy.
On Tuesday, the US Environmental Protection Agency officially enacted a regulation to diminish cancer-causing toxic air emissions from chemical plants. This rule mandates regular monitoring of air quality to safeguard nearby communities.
Chevron New Energies (CNE), a division of Chevron Inc., has invested significantly in ION Clean Energy (ION), a technology company based in Boulder. ION specializes in post-combustion carbon capture technology using its ICE-31 liquid amine system.
Amid political criticism, the US Securities and Exchange Commission (SEC) has postponed implementing new climate-related disclosure requirements, citing pending judicial review.
During his address at Stanford University on Wednesday, Fed Chairman Jerome Powell stressed that the Federal Reserve is not a climate regulator and will firmly oppose any attempts to compel it towards green objectives.
Greenbacker Capital Management (GCM) has bolstered its real estate investments team with the appointment of Evan Sherman as Head of Real Estate Acquisitions, underscoring its commitment to sustainability-driven investment strategies. Sherman's addition reinforces GCM's focus on acquiring undervalued real estate for distributed generation, storage, and EV charging infrastructure, as part of its fourth sustainability-driven investment strategy.
According to a report released on Thursday by the prominent think tank REN21, the global addition of renewable energy capacity fell short of the necessary levels to meet climate objectives.
Amidst a changing landscape in investment strategies, sustainable investing emerges as a compelling avenue for those seeking broader objectives beyond mere financial gain in portfolio building.
On Wednesday, US Treasury Secretary Janet Yellen did not dismiss the possibility of taking further measures to safeguard American clean energy sectors against China's overinvestment and production capabilities.
Citigroup, JPMorgan, and the Royal Bank of Canada (RBC) will introduce a new climate measure under deals by New York City Comptroller Brad Lander.
Australian Prime Minister Anthony Albanese has unveiled the Solar Sunshot program to bolster the nation’s renewable energy sector and create job opportunities in regional areas. This initiative aims to propel Australia towards becoming a renewable energy powerhouse, both domestically and internationally.
In a press release on Tuesday, power supplier Tennessee Valley Authority (TVA) announced its decision to retire the Kingston Fossil Plant and construct an energy complex at the site by the end of 2027.
According to calculations by Reuters and analysts, Norway is on course to have more battery electric vehicles (BEVs) on its roads than petrol cars by the end of this year or early 2025, marking a historic milestone for any nation.
Early outcomes from the European Union's Innovation Fund, a €40 billion ($43 billion) investment initiative pivotal to Europe's zero-carbon economy goals by mid-century, are surfacing.
Taiwan experienced its most powerful earthquake in twenty-five years, which collapsed numerous buildings on the eastern side of the island, injured over 50 people, and disrupted certain chip production lines.
Through its offshore wind unit Corio Generation Ltd., Macquarie Asset Management is investing $50 billion in offshore wind projects across various markets over the next seven years.
Malaysia's state-run energy firm Petronas announced on Tuesday a partnership with Japanese power generation company JERA to assess the viability of the carbon capture and storage (CCS) process.
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 Lulea.
According to a Bloomberg Green analysis, electric vehicles have reached a pivotal tipping point globally, with 31 countries surpassing the threshold of 5% of new car sales being purely electric, marking the beginning of mass adoption and rapid shifts in technological preferences.
MN8 Energy, a producer of solar energy and energy storage, announced it had secured $325 million through a private placement of convertible preferred stock. The funds will fuel the company's growth and expansion efforts.
GCL Holdings, a privately owned Chinese energy company, is shifting its focus to developing a natural gas business. According to company executives interviewed by Reuters, it's selling off many solar installations to invest in gas import capabilities and trading operations.
On Monday, data showed Venezuela facing a surge in wildfires due to a drought linked to climate change in the Amazon rainforest region.
In a significant move towards advancing lower carbon solutions, JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a division of Chevron U.S.A. Inc., have inked a Memorandum of Understanding (MOU). This agreement sets a framework to evaluate the export of carbon dioxide (CO2) from Japan to carbon capture and storage (CCS) projects in Australia and across the Asia Pacific region.
According to a Reuters analysis of government data, India experienced its most significant decline in hydropower output in at least 38 years, with a 16.3% decrease during the fiscal year ending on March 31. This drop was attributed to erratic rainfall patterns, which increased dependence on coal-fired power generation to meet increased demand.
Nearly half of the energy companies Citi Bank provides lending to lack strategies for reducing greenhouse gas emissions, as disclosed in a climate report released by the fourth-largest U.S. bank on Thursday.
Global investment in clean energy has surged to unprecedented levels, reaching a staggering US$1.77 trillion, as revealed by the latest Energy Transition Investment Trends 2024 findings. This represents a remarkable 17% increase over the past year alone.
On Friday, the US government announced it was in the final stages of implementing more stringent tailpipe emissions standards for heavy-duty vehicles such as semi-trucks and buses. However, these revised regulations are not as stringent as initially proposed in 2023.
A recent study published in Science reveals that methane emissions from prominent US landfills are, on average, 40% higher than previously documented. Utilizing aerial surveys, scientists identified point source emissions from numerous waste sites.
As Dan Shugar, the CEO of Nextracker Inc., stated, the unyielding demand for electricity in the United States is poised to overshadow obstacles confronting the solar industry, driving an unprecedented surge in panel installations.
On Monday, New York's power grid operator announced that the state achieved new hourly wind and solar generation records.
Global shipping companies are feeling mounting pressure to reduce their carbon emissions. However, executives point to the complexity arising from vague regulatory frameworks, especially regarding selecting cleaner fuels for large vessels, hindering progress towards achieving net zero emissions.
Following a surge in solar and wind power installations last year, multiple regions across China are experiencing difficulties managing fluctuations in electricity supply linked to weather conditions.
New research from the investor-oriented nonprofit Climate Bonds Initiative (CBI) indicates that over 80% of the 768 sustainability-linked bonds issued between 2018 and November of the previous year do not conform to global climate objectives.
According to a document examined by Reuters on Monday, a coalition of EU nations, led by Austria, is urging immediate revisions to the bloc's forthcoming anti-deforestation legislation, expressing concerns about its potential adverse effects on European farmers.
NATO, the military alliance, has ventured into startup acceleration with its Defense Innovation Accelerator for the North Atlantic (DIANA) program, an initiative to foster technological advancements within the military alliance.
The US Department of Energy (DOE) announced the selection of 33 projects slated to receive funding of up to $6 billion. These initiatives aim to advance technologies that significantly reduce emissions in challenging-to-decarbonize industries, including chemicals, steel, food, refining, cement, and more.
A marine scientist has emerged as a potential new leader for the International Seabed Authority (ISA), signalling a possible shift in the organization's approach to regulating deep-sea mining.
In collaboration with conservation allies such as Entergy and NASA, Audubon Zoo is set to host "Party for the Planet: Spring into Action," marking the commencement of Audubon's series of initiatives dedicated to enhancing the well-being of nature and wildlife.
Real estate investors, already struggling with high interest rates, are now confronting the potential for substantial losses prompted by recent European regulations.
According to a 2024 Capgemini report on global investment trends, more than 52% of organizations are projected to boost their investments in sustainability within the next two years.
On World Water Day, analyst Mahi Roy highlighted five US-based funds and several companies dedicated to enhancing water access quality and tackling various water-related challenges.
According to attorneys involved in the case, a federal judge, on Friday, temporarily blocked a land swap needed before developers can build a major clean energy transmission line through a Mississippi River wildlife refuge.
During a climate change dialogue at the China Development Forum, Tim Cook, the CEO of Apple Inc., emphasized the importance of artificial intelligence (AI) in aiding businesses to reduce their carbon footprint.
A scorching heatwave that hit West Africa in February has been determined by a study to have been intensified by 4 degrees Celsius and made 10 times more probable due to human-induced global heating.
A groundbreaking legal theory is gaining traction among researchers, suggesting that fossil fuel companies, identified as the primary contributors to planet-warming emissions, could be held accountable for these climate-related deaths.
Two prominent UK high street banks stand accused of continuing to finance the expansion of fossil fuels in the North Sea despite having pledged to align their operations with the net zero climate target.
Globally, climate change is exacerbating the frequency and severity of flooding events. However, artificial intelligence (AI) holds promise in mitigating some of these impacts by being trained to offer precise warnings, even in flood-prone areas lacking traditional water gauges.
The Climate Investment Funds (CIF), a multilateral lender, announced on Wednesday its approval of an $85 million investment aimed at assisting North Macedonia in transitioning away from coal-fired power plants (CFPP) towards renewable energy sources.
According to the California natural resources agency on Wednesday, Chevron has agreed to settle with two California state agencies for previous oil spills in Kern County, Bakersfield, for $13.1 million.
In a letter made public on Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan cautioned state governors about disruptive cyberattacks conducted by foreign hackers targeting water and sewage systems across the nation.
According to the grid operator, Australia, a major natural gas exporter, urgently needs investment to avert shortages in several densely populated regions starting in 2025 and to facilitate the growth of renewable energy.
According to individuals familiar with the situation, Morgan Stanley's asset management division intends to secure a minimum of $1 billion for a new fund focused on energy transition investments.
On Wednesday, a UN expert warned that the global struggle against electronic waste is faltering. This caution comes in the wake of a report revealing that a staggering 62 million metric tons of mobile phones and devices were disposed of worldwide in a single year—a figure projected to rise by a third by 2030.
On Wednesday, the Biden administration implemented strict tailpipe emission limits to curb pollution from the country's cars and light trucks. These measures are so stringent that automakers will be compelled to increase sales of electric vehicles and plug-in hybrid models.
The Swiss National Bank (SNB) has reiterated its stance on environmental considerations, stating that it will not alter its investment strategies because of climate change. This decision continues its resistance to calls for a more proactive approach to addressing climate change.
On Tuesday, Stellantis, Chrysler's parent company, and the state of California finalized an emissions agreement. This accord comes after Stellantis attempted to join an agreement between other automakers and the state in 2019, but it was unsuccessful.
On Wednesday, Greensphere Capital announced that it had secured backing from the UK Infrastructure Bank (UKIB) for its first fund, which aims to commercialize nature and climate research conducted by leading bioscience and environmental science institutes in Britain.
A recent analysis revealed that in the past year, only 10 nations and approximately 9% of cities worldwide met the air quality standards outlined by the World Health Organization concerning harmful fine-particle pollution, known as PM2.5.
On Wednesday, Air New Zealand invited startups operating in the sustainable aviation fuel (SAF) sector to seek potential supply partners as part of its commitment to decarbonization and achieving its net-zero carbon emission targets.
According to the deputy US special envoy on climate change, cooperation between the United States and China regarding methane reduction is progressing. He highlighted an opportunity for Beijing to significantly reduce emissions from its extensive coal sector at minimal or no cost.
In a speech, Ed Miliband, Labour shadow energy minister, warned that Sunak and other ministers are fueling division over the UK's net zero target rather than addressing the urgent climate crisis.
The largest solar manufacturer globally has decided to downsize its workforce by almost a third following an unsuccessful cost-cutting initiative, which included instructing employees to print only in black and white. This move comes as concerns grow within the renewable energy sector.
To tackle climate change, alternative investment expert Andrew Hohns is pioneering a strategy to help banks slash their carbon footprint. Formerly of Mariner Investment Group and leading Newmarket Capital, Hohns is actively engaging with multiple banks to introduce this innovative approach.
Canada and Germany have agreed on steps to promote the trade of hydrogen, a cleaner alternative to fossil fuels. Both countries will contribute €200 million ($217 million) to bilateral hydrogen auctions.
Britain's National Grid has proposed a £58 billion ($74 billion) investment plan to enhance grid networks beyond 2030, anticipating the growth in electricity demand and the rise of renewable energy projects.
Researchers, on Tuesday, said that China is not meeting expectations in reducing the carbon footprint of its vast steel industry. They attributed this shortfall to declining demand, inadequate recycling rates, and persistent worries about excess production capacity, all of which impede the shift towards cleaner production methods.
Experts suggest that Southeast Asia has the potential to lead the global push towards achieving net-zero emissions, contingent upon the region's ability to secure over US$50 billion in capital for funding the green transition.
Building Information Modelling (BIM) is emerging as a highly influential initiative for creating sustainable real estate projects. BIM involves designing projects based on models incorporating physical and functional aspects, aiming for environmental sustainability.
Most of Britain's homes use gas for heating, contributing about 18% of the country's total greenhouse gas emissions. The government aims to reduce these emissions by replacing gas boilers with electric heat pumps.
On Friday, a US appeals court temporarily halted the implementation of new Securities and Exchange Commission (SEC) rules mandating public companies to disclose climate-related risks.
Darren Woods, the CEO of Exxon Mobil Corp., is fighting back after facing criticism from both environmentalists and investors during his seven years in charge.
This week, oil industry leaders and government officials gather in Houston for a significant energy conference, encouraged by major mergers, stable oil prices, and less pressure to switch to cleaner energy.
The US Department of Energy (DOE) declared its intention to allocate $750 million towards a series of projects with the objective of substantially reducing the cost of clean hydrogen. These initiatives will support advancements in electrolysis technologies and enhance manufacturing and recycling capabilities for clean hydrogen systems and components.
The Chartered Institution of Wastes Management (CIWM) has introduced a new fund to assist circular economy businesses in their growth by providing "fully-funded brand communications, marketing, and design support".
Google unveiled a new pledge to secure a minimum of $35 million worth of carbon removal credits within 12 months. This commitment is aligned with an initiative led by the US Department of Energy (DOE), which seeks to bolster the carbon removal sector by supporting its innovations and technologies.
On Thursday, the industry association BVES announced that sales of home solar electricity storage batteries in Germany could increase by 26% this year, driven by a growing number of households choosing affordable and renewable energy sources.
Antarctic scientists are issuing warnings about the transmission of a highly contagious H5N1 avian flu virus, initially identified on the continent's mainland last month and has since been found in local penguin and cormorant populations.
On Thursday, the US Chamber of Commerce announced that it has initiated legal action against the US Securities and Exchange Commission's recently implemented regulations mandating public companies to disclose climate-related risks.
Shell announced on Thursday that it had revised its target to reduce the intensity of its overall carbon emissions by 2030, attributing this adjustment to anticipated decreases in power sales.
According to a study, Germany must experience a significant turnaround in the momentum of electric vehicle (EV) sales if it hopes to meet its emissions targets.
On Wednesday, a climate coalition supported by the United Nations and focused on banking released revised guidelines for its members.
In January and February, extensive wildfires in Texas emitted 920,000 metric tons of carbon dioxide, marking the second-highest release for that period ever on record.
Taiwan Semiconductor Manufacturing Co. (TSMC) and Murata Manufacturing Co., suppliers to Apple Inc., are joining the iPhone maker’s green investment fund, bringing the total committed capital to $280 million.
During his visit to Japan, John Podesta, the top US climate envoy, stressed the importance of speeding up the use of renewable energy, especially offshore wind technologies.
Last week, during the UN Environmental Assembly in Nairobi, African countries spearheaded a successful resistance against a proposed resolution by Switzerland.
Waste-to-energy technology, a waste disposal method by incinerating materials like paper, plastic and wood, has created concerns among environmental groups method as a ‘quick fix’ to discard waste.
Permira, a global investment firm, has established a dedicated team to identify investment opportunities in the climate transition sector.
On Tuesday, the European Parliament passed new legislation mandating member states to accelerate building renovations to enhance energy efficiency and lower the EU's carbon emissions.
Mango, the Spanish retailer, is focusing on adaptable clothing to assist customers in coping with unpredictable temperature fluctuations due to climate change, according to Chief Executive Toni Ruiz in an interview with Reuters.
According to the US Energy Information Administration's Short-Term Energy Outlook released on Tuesday, power consumption in the United States is set to reach unprecedented levels in 2024 and 2025.
India requires approximately $1 trillion by 2030 to fulfill its climate change adaptation objectives. To mobilize private investments, India will need to pursue blended finance.
Konexa, a UK-based integrated energy development and investment platform, has finalized financial arrangements and invested $18 million.
According to a study released on Monday, Alberta's prohibition on select renewable projects could jeopardize investments worth C$11.1 billion ($8.24 billion) and impede the development of up to 6.3 gigawatts (GW) of solar and wind power capacity.
On Monday, the Moroccan government announced its intention to allocate 1 million hectares to green hydrogen projects, with an initial phase starting at 300,000 hectares, to attract investors.
As announced on Monday, Canada and the United States have jointly agreed to assess a longstanding cross-border conflict concerning the contamination of coal mines in the Canadian province of British Columbia into US waters.
On Tuesday, Japan's government greenlit a proposed amendment to current laws, enabling the establishment of offshore wind power within exclusive economic zones (EEZ).
While electric vehicles (EVs) promise cleaner air and reduced climate pollution, a recent analysis suggests that even a complete global transition to EVs would not mitigate all the detrimental impacts associated with cars and auto infrastructure.
In the history of aviation design, the landscape remained unchanged for a century, characterized by conventional tube-and-wing aircraft. Yet, amidst this conformity, 'flying wings' like the Northrop YB-49 and Northrop Grumman B-2 Spirit emerged, captivating enthusiasts with their sleek, futuristic profiles.
A coalition of environmental groups has cautioned against the notion that artificial intelligence will alleviate the climate crisis, warning that instead, it could contribute to increased energy consumption and accelerate the dissemination of climate misinformation.
The European Environment Agency (EEA) has issued its first risk assessment, indicating that Europe is not well-prepared for the quickly increasing climate dangers it faces.
Government data released on Friday revealed a 30% decrease in deforestation across Brazil's Amazon rainforest in February compared to the previous year.
In a move against federal regulations, Texas, the largest energy-producing state in the nation, lodged a complaint urging a court to halt a recent rule introduced by the US Environmental Protection Agency to curb methane emissions from the oil and gas sector.
A government agency reports that a mass coral bleaching event has impacted Australia's Great Barrier Reef. The event was likely triggered by heat stress accumulated during the summer.
The US government is shifting away from collecting data on home insurance prices and availability at the zip code level as premiums rise and climate risks to property increase. Instead, it will cooperate with state insurance regulators.
A fresh collaboration between a multinational energy corporation and a battery startup utilizing heated bricks could alleviate Europe's energy crisis and reduce carbon emissions.
Unilever Plc is setting more ambitious goals to reduce emissions, targeting suppliers and stores that sell its brands, despite investor concerns that non-financial goals divert the company's focus.
Bengaluru's severe water scarcity is impeding production at its garment factories, doubling restaurant water expenses, and compelling managers at certain global companies to address unconventional employee requests.
The US Securities and Exchange Commission approved new climate disclosure requirements for public companies, part of the Biden administration's climate policy.
In February, ocean temperatures reached an unprecedented peak, according to the European Union's Copernicus Climate Change Service (C3S).
On Thursday, Tesla announced its decision to withdraw from Australia's major auto lobby and resign from its board, alleging that the organization had misled consumers regarding the government's proposed fuel efficiency standards and their potential influence on car prices.
During an investor day in New York, executives of General Electric's energy spin-off, GE Vernova, announced on Wednesday their anticipation of resolving a substantial backlog in offshore wind equipment, totalling approximately $4 billion, within the next two years.
On Wednesday, a coalition of Republican-led states and industry groups filed three lawsuits contesting a recent US Environmental Protection Agency regulation strengthening air quality guidelines for soot pollution.
A West Virginia Attorney General's Office spokesperson announced on Wednesday that ten states led by Republicans have initiated legal action to contest new federal regulations mandating US-listed companies to disclose climate-related risks.
In 2024, the US solar industry is projected to maintain its growth, following its significant contribution of over 50% of new electricity capacity added to the grid last year.
According to reports, Apple has canceled its electric vehicle (EV) project, a decade after rumors first emerged about the iPhone maker's involvement in it.
Brazil's energy sector is initiating a new effort to construct additional hydroelectric plants alongside the rising number of solar and wind power initiatives. However, past environmental issues could present political challenges.
On Tuesday, the European Union succeeded at the World Trade Organization when a panel dismissed Malaysia's complaint against the EU's decision to exclude palm oil biodiesel from being considered a renewable biofuel.
Singapore's largest bank, DBS Group, announced on Wednesday that it had increased its sustainable financing commitments by 37.3% to 70 billion Singapore dollars ($52.10 billion) as of the end of December, up from S$51 billion in 2022.
On Monday, Summit Carbon Solutions, an Iowa-based private company, announced that US refiner Valero Energy Corp would participate in its proposed carbon capture and storage project.
Private Indian companies have shown interest in constructing at least 10 gigawatts (GW) of coal-fired power capacity over the next ten years, according to four sources familiar with the matter.
A UN official stated that Africa will lack $2.5 trillion in climate finance by 2030 despite contributing the least to greenhouse gas emissions and facing severe impacts.
French ruling-majority MPs propose a new bill suggesting penalties of up to 50% of the selling price for fast fashion brands like Shein.
Floodbase, a New York-based climate tech firm specializing in satellite flood tracking, announced plans to roll out parametric flood insurance for small farmers in Malawi and Mozambique, Africa, before the upcoming rainy season.
Green bonds, the largest type of sustainable debt, experienced their busiest February ever amidst a surge of global debt offerings.
Janet Yellen, the US Treasury Secretary, expects that the growing demand for lithium, a crucial element in electric vehicle batteries, will significantly increase US imports from Chile in the coming years.
MAN Energy Solutions intends to supply its inaugural ammonia-fueled engine for installation on a new vessel in Japan later this year, with plans to offer ammonia-powered machines to clients after 2027, as stated by its CEO Uwe Lauber. Ammonia is one of the alternative fuels shippers consider to decrease emissions.
Unsustainable development threatens the health and biodiversity of the Mekong River, says a report from conservation groups revealing that one-fifth of the fish species in Southeast Asia's primary waterway are at risk of extinction.
On Friday, Invesco became the fifth prominent US investor to withdraw or reduce its participation in the Climate Action 100+ coalition of investors, advocating for significant polluting companies to decrease carbon emissions.
California and the US West still confront dangerous wind gusts and heavy snow until the week's start. Additionally, high winds increase fire dangers in the central US, notably in Texas, where the largest fire remains partially contained.
As highlighted by insiders, corporate clients are increasingly withdrawing from the world's second-largest ESG debt market due to added regulations, reduced incentives, and fears of greenwashing.
Spanish investment bank Banca March and its clients will invest €50 million ($54 million) in a clean energy initiative to construct 1.8 GW solar and solar-plus-storage plants in Spain and Italy.
Ministers face allegations of "moving the goalposts" to fulfill the UK’s global climate promises, as £1.7bn from the aid budget is redirected to environmental aid for poorer nations.
A colossal fire rages across the Texas Panhandle and parts of Oklahoma, engulfing nearly 1.1 million acres (equivalent to 1,700 square miles) and becoming the largest fire in Texas history.
BBVA of Spain will establish a new global finance unit focusing on clean technologies and innovation to grow its sustainable business, announced Chairman Carlos Torres on Thursday.
UN Secretary-General Antonio Guterres stated that cutting emissions is "essentially" the duty of G20 nations, the biggest polluters. He urged more challenging targets and fairer financing for countries most affected by climate change.
The Biden administration is refining its plan to reduce greenhouse gases from electricity and will set stricter pollution limits for natural gas plants.
The US Securities and Exchange Commission (SEC) will decide whether to implement rules mandating that US-listed firms disclose climate-related risks, the agency said in a notice on Wednesday.
By 2050, waste generated by the public will increase substantially, leading to hundreds of billions of dollars in damage due to biodiversity loss, climate change, and harmful pollution, according to a United Nations Environment Programme (UNEP) report released on Wednesday.
Britain's Hybrid Air Vehicles (HAV), a company working to enable travel on a large helium-filled aircraft by the end of the decade, announced Thursday that it had initiated the safety approval process with the UK regulator.
The New Zealand government announced it will start an independent review of the expenses related to the forestry part of the country's Emissions Trading Scheme.
A law in the European Union aimed at improving corporate supply chains has been stopped by the largest member states, pushing negotiators to reassess the legislation. The Corporate Sustainability Due Diligence Directive (CSDDD) would make companies legally responsible for addressing environmental or human rights violations in their value chains.
Energy giants TotalEnergies and Chevron, alongside major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), led by SafetyTech Accelerator. The move, announced on Tuesday, highlights the initiative's growing importance in addressing methane emissions in the maritime sector.
The European Commission urges EU nations to continue reducing gas usage but has made the policy voluntary, showing optimism that the worst of Europe's energy crisis has passed.
Univers, a prominent player in decarbonization technology, and Citi have joined forces to introduce an innovative software solution facilitating the seamless purchase of Voluntary Carbon Credits (VCCs) by organizations.
Glencore, a Swiss miner and commodities trader, is considering purchasing Shell's oil refinery and petrochemical units in Singapore.
Heat pump sales in Europe dropped last year, marking the first decline in ten years. Falling natural gas prices, higher interest rates, and political opposition to green policies influenced this decrease.
Boeing-backed startup Equatic is constructing a demonstration plant in Singapore to extract carbon dioxide from the air and generate hydrogen, the company announced on Tuesday.
On Tuesday, the US environmental regulator announced new cleanup initiatives at 25 hazardous waste sites spanning from New Jersey to Oregon, backed by $1 billion in funds.
The European Union is on track to achieve its wind power goal for 2030, thanks to increased investment and better-permitting processes, according to a report from an industry association released on Tuesday.
Brazil, on Monday, revealed its collaboration with the world's largest financial climate coalition to enhance funding for clean energy and nature restoration initiatives, including the reforestation of the Amazon rainforest.
Germany's economy and climate ministry have unveiled proposals for legal changes to facilitate the deployment of carbon capture and storage or use (CCS/CCU), along with the transportation and offshore storage of carbon within the country.
According to research by the Asian Development Bank (ADB), the European Union's (EU) Carbon Border Adjustment Mechanism (CBAM) is projected to have only a modest negative effect on economies in Asia and the Pacific while offering limited benefits in curbing climate change.
Pacific Islands facing the most sea-level threats should explore debt-for-nature agreements due to unsustainable traditional loans, suggested a senior IMF official on Tuesday.
Climate activists urge the European Union to rethink its choice to leave banks out of a crucial deforestation rule, aiming to avoid an official review next year.
Prime Minister Giorgia Meloni's government has given the green light to a €6.3 billion ($6.8 billion) package to support Italian industries' technological advancement and green transition.
US federal regulators are rushing to finalize climate initiatives proposed by the Biden administration. These initiatives cover many areas, from the types of vehicles people drive to the appliances they use every day and larger aspects like power plant regulations.
As revealed by the Observer, UK Prime Minister Rishi Sunak attended a protest with a group known for spreading climate change conspiracy theories and opposing net zero efforts. Farmers and wildlife groups criticized him for “pandering to extremists”, urging him to prioritize reason over conspiracy theories.
In an interview with German media outlet Welt, Stellantis CEO Carlos Tavares stated that the company aims to support the European Union's plan to stop selling new petrol and diesel cars by 2035.
A new report warns that Canada is struggling to meet its 2030 emissions target because businesses are holding off on low-carbon projects due to uncertainty about the country's climate policies.
VinFast Auto Ltd., a Vietnamese car manufacturer, began building its electric vehicle (EV) factory in Tamil Nadu, southern India. The facility will cover 400 acres within the estate managed by the State Industries Promotion Corporation of Tamil Nadu.
The Asian Development Bank (ADB) reported that the European Union's plan to impose tariffs on high-carbon imports might harm developing Asian countries. However, it's unlikely to reduce greenhouse gas emissions significantly.
Big tech companies are rushing to reduce the environmental impact of their vast data centres worldwide. They're starting to use an AI method developed by Google that finds places with ample solar and wind power in the electricity grid. Then, they run their data centers there to reduce pollution and save money.
On Thursday, Antora Energy, a thermal battery manufacturer, announced that it has secured $150 million in funding.
On Thursday, France's Engie announced a 714 million euro ($774 million) impairment charge for last year due to issues with onshore wind turbines in the United States and a decline in long-term energy prices in the country.
The largest climate investor group, Climate 100+ (CA100+), reassured its members that its methods comply with US antitrust and securities laws, per Reuters' letters on Thursday.
On Thursday, Braya Renewable Fuels started producing renewable diesel at Canada's Come-by-Chance refinery post its transition.
The US Securities and Exchange Commission (SEC) has decided to remove some of the ambitious greenhouse gas emission disclosure rules from its corporate climate risk regulations.
A recent report suggests that deadly wildfires, similar to the ones in central Chile that claimed at least 133 lives this month, could become more common in the country due to climate change, making the world hotter and drier.
Real estate firms are seeing a significant drop in property values because European rules push investors and bankers to avoid buildings with high carbon emissions.
SQM Lithium Ventures has put $9.4 million into Altilium, a British electric vehicle battery recycling company, to help it grow.
India’s tech city, Bengaluru, is experiencing severe water scarcity even before the peak summer months. Residents are rationing water and paying nearly twice the regular price due to the shortage.
Siemens Energy is confident it can address quality problems in its onshore wind division. Still, it might take several years, according to the CEO's written statements released before the company's annual general meeting.
Solar and battery storage firm Sunrun Inc. is experiencing a rise in battery sales in the US, notably in California, the country's largest solar market. This surge follows California's reduction of rooftop subsidies, aimed at promoting backup power as the sun sets.
Brazil's government plans to introduce new measures next Monday to assist foreigners with foreign exchange hedges for their investments in sustainable development. The goal is to avoid currency and fiscal risks for the Treasury.
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 century, according to a report by Norwegian risk manager DNV.
In 2023, China waved the green flag for an additional 114 gigawatts (GW) of coal power capacity, marking a 10% increase from the previous year.
Britain announced on Thursday its decision to join other European nations in exiting the International Energy Charter Treaty.
Last year, fewer Spaniards installed solar panels on their homes, marking the first decrease since 2018 as subsidies lost their impact.
Petrobras and its partners plan to invest about $1.5 billion to introduce decarbonization technology in one of their oilfields, according to the firm's CEO Jean Paul Prates.
According to the economy ministry, Germany plans to allocate up to 3.53 billion euros ($3.8 billion) in public funds for acquiring green hydrogen and its derivatives from 2027 to 2036.
Mining giant Rio Tinto Ltd has partnered with renewable energy company Windlab to purchase a majority of the electricity from its upcoming 1.4-gigawatt wind energy project in Queensland.
The International Energy Agency (IEA) in Paris releases an annual report that significantly influences government policies and billions of dollars in energy investments. An energy expert claims that the IEA's predictions have become affected by the climate objectives of its member countries.
Three environmental groups have told London's High Court that Britain's new climate action plan is unlawful because ministers received incorrect information about meeting emissions targets.
Three Greenpeace activists will face charges for climbing onto Prime Minister Rishi Sunak's home in protest against the government's plan to grant numerous North Sea oil and gas extraction licenses.
On Tuesday, Indonesia introduced an updated ‘taxonomy’ or green investment guideline. It now includes coal-fired power plants used in nickel facilities, aiming to promote a shift towards a green economy.
On Friday, the International Monetary Fund (IMF) announced that it had reached a staff-level agreement with Ivory Coast for a $1.3 billion program to combat climate change. This initiative is backed by the IMF's Resilience and Sustainability Facility.
According to Reuters sources, the Biden administration plans to ease yearly requirements until 2030 in its ambitious effort to reduce tailpipe emissions and boost electric vehicle (EV) sales.
Japan's transport ministry is preparing to act against a Toyota Motor Corp affiliate for cheating engine emissions tests. This could involve withdrawing certification for specific engine types, as reported by Nikkei on Monday.
Sustainable Aviation Fuel (SAF) are alternative fuels made from renewable sources for airplanes, which is essential for the aviation sector to achieve its goal of net zero emissions by 2050. However, its use is still in the early stages.
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 Street, previously skeptical of the sector for most of the last decade, now seems fully invested.
Climate activists storm into Canadian Finance Minister Chrystia Freeland's Toronto office, urging the government to include bank climate regulations in its 2024 budget.
Interest in sustainable investing has dwindled over the past year due to political controversies surrounding environmental, social, and governance (ESG) strategies.
A new comprehensive high-resolution assessment of the world's corals reveals that the total area covered by coral reefs is more extensive than previously believed.
According to the latest US Census of Agriculture, solar power is gaining popularity on American farms, with a 30% increase in photovoltaic installations.
Energy ministers, oil executives and green investors gathered this week to celebrate 50 years since the formation of the International Energy Agency to strengthen clean transitions and accelerate a green future.
JPMorgan Asset Management and State Street Global Advisors announced on Thursday that they are pulling out of Climate Action 100+.
Indian refiner Bharat Petroleum Corp Ltd (BPCL) announced on Wednesday its plan to establish the first green hydrogen plant within an airport in the country.
The US government has refunded auto dealers approximately $135 million in advance electric vehicle (EV) tax credit payments from the beginning of the year until Feb. 6, per the Treasury's announcement on Wednesday.
Scientists warned on Wednesday, in a study, that a combination of drought, heat, and other factors, including climate change, could collapse South America's Amazon rainforest system. They revealed that nearly half of the Amazon could reach a tipping point by 2050.
The Canadian government, aiming to protect its crucial carbon tax from opposition criticism, introduced a new branding strategy.
As asset managers initially pledged to align their portfolios with net-zero emissions, they largely sidestepped the critical issue of Scope 3 emissions.
Tech giant Google will partner with the Environmental Defense Fund (EDF) to track methane emissions using the MethaneSAT satellite scheduled to take off into orbit on a SpaceX rocket next month.
Andrew Forrest, the executive chairman of Fortescue Metals, stated at the 50th anniversary meeting of the International Energy Agency that carbon capture is not a solution for the energy transition.
The EU may need to push more private funds into sustainable investments to achieve its net zero economy targets, as revealed in an EU discussion document on Tuesday.
A California agency turned down Stellantis' attempt to cancel a 2019 emissions deal with rival automakers.
On Tuesday, French Finance Minister Bruno Le Maire emphasized that combating climate change now relies on private sector funding, as public financing from France and other European Union nations has depleted.
According to the European Union’s (EU) climate policy chief, the bloc plans to help non-member countries start carbon markets to promote global trading of CO2 emissions.
At the International Energy Agency meeting, US Special Presidential Envoy for Climate John Kerry mentioned that if Donald Trump is re-elected, he may not halt the progress of renewable energy but could backtrack on efforts against coal diplomacy.
The United Arab Emirates, which hosted COP28 last year, along with Azerbaijan and Brazil, hosts of the upcoming UN climate summits, announced on Tuesday their collaboration to advocate for more ambitious emissions reduction targets.
Coal India reported a higher-than-expected third-quarter profit on Monday as the state-run miner increased production to meet rising electricity demand in the country. The company also declared a second interim dividend.
The recent atmospheric rivers in California will help its hydropower systems by replenishing reservoirs and increasing snowpack levels.
The United Nations' first-ever report on migrating animals, released on Monday, reveals that one in five of the world's migrating species face extinction due to climate change and human activities.
In 2023, global carbon dioxide (CO2) permit markets hit a record value of 881 billion euros ($948.75 billion), marking a 2% increase from the previous year, as reported by LSEG analysts on Monday.
According to a study published in Advanced Sciences, the Atlantic Ocean's circulation, an enormous system of currents, is getting close to a tipping point and is “bad news for the climate system and humanity.”
European Union countries voted to pass a law aiming to reduce truck emissions after Germany's late demands almost derailed it.
President Joe Biden's key goals - conservation and transitioning to clean energy - clash in the ocean along California's serene Central Coast.
By 2024, Brazil's renewable energy subsidies will exceed those for fossil fuel bills at thermoelectric plants, possibly raising taxpayers' electricity costs, reports Aneel, the electricity industry regulator.
Mining giant Rio Tinto, who faced criticism for damaging an ancient indigenous site in 2020, faces investor scrutiny again, this time for its water management at two mines.
On Friday, the US Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent to fund projects that aim to decrease methane emissions from the oil and gas industries.
Barclays, Britain's largest lender to the oil and gas sector, told Reuters that it would stop directly financing new oil and gas fields and limit lending to energy companies expanding fossil fuel production.
HSBC, the largest bank in Britain, has teamed up with Google to fund rapidly expanding climate technology companies that offer promising solutions to global climate change.
According to a research study by Global Market Insights Inc., the carbon credit market is expected to hit $343.6 billion by 2032.
CubicPV, a solar energy equipment maker, cancelled its plan to construct a large silicon wafer factory in the US due to falling product prices and high construction expenses.
The world's leading mining companies, BHP Group Ltd. and Rio Tinto Group, along with Australia's BlueScope Steel Ltd., are coming together to develop Australia's first electric-smelting furnace, potentially cutting emissions in steel production.
The Dutch healthcare workers' pension fund PFZW announced on Thursday that it had sold nearly all its investments in fossil fuel companies, including major players like Shell, BP, and TotalEnergies, due to their lack of a credible climate strategy.
An environmental group's investigative report, released on Wednesday, reveals that a supplier to brands like Nestle, Kellogg's, and Colgate has been cultivating palm oil on land that was once part of the well-preserved areas of Peru's Amazon rainforest.
According to sources reported by the BBC on Wednesday, Britain's opposition Labour Party is withdrawing its £28 billion ($35.34 billion) commitment to invest in green energy.
Disagreements within Germany's three-way coalition may hinder EU plans to reduce truck emissions. The pro-business Free Democrats (FDP) raised unexpected objections, causing the German government to struggle to reach a consensus on the EU proposals, as told by government representatives to Reuters.
The European Union's Copernicus Climate Change Service (C3S) reported that this January was the hottest on record, continuing a trend of extreme heat driven by climate change.
For investors who are trying to understand how well banks are sticking to their promises to reach net-zero emissions, changes in climate predictions caused by evolving situations could make it even harder to figure out what's going on.
On Tuesday, the Commission for Environmental Cooperation (CEC), responsible for environmental matters in the US, Mexico, and Canada, announced that it would assess a complaint regarding emissions from Pemex's Cadereyta refinery near Monterrey.
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 selling an Indian subsidiary to its former parent, Siemens AG.
Linde CEO Sanjiv Lamba told Reuters, during a post-earnings call, on Tuesday that the recent changes to Inflation Reduction Act (IRA) subsidies for clean energy projects will not impact the company's ongoing projects in the United States.
Oil giant BP is considering getting other companies involved with Lightsource BP, a solar development company, to profit more from its rapidly growing business, CEO Murray Auchincloss said on Tuesday.
BlackRock's CEO Larry Fink aimed to connect with Republican officials at a Houston energy summit after Texas banned the asset manager due to its shift from fossil fuels.
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 down on the region's carbon emissions, data from think-tank Ember said.
At the World Sustainable Development Summit in New Delhi this week, The Energy and Resources Institute (TERI) will introduce a green shipping portal.
The top official of India's biggest power producer, NTPC Ltd said on Tuesday that its renewable energy division is expected to become a public company by March 2025.
The European Commission plans to suggest on Tuesday that the EU should reduce the amount of greenhouse gases it produces by 90% by the year 2040.
China has made its rules stricter for factories and other industries that cause excessive pollution, part of its national carbon market.
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 the European Union.
The recent record storm known as ‘Atmospheric River’ in California, with its unprecedented rainfall, resulted in two fatalities and up to $11 billion in damages and economic losses.
Executive secretary, United Nations Framework Convention on Climate Change Simon Stiell while delivering a lecture at ADA University in Azerbaijan’s Baku on Friday, said at least $2.4 trillion is needed every year for energy transition of developing countries (excluding China).
On Sunday, China introduced new regulations to better oversee carbon trading and clamp down on emissions data fraud. These rules, approved by China's cabinet, take effect from May 1.
Prime Minister Giorgia Meloni announced that Italy will invest in Enel's new photovoltaic panel factory in Sicily, aiming to increase production and establish itself as Europe's primary location for solar panels.
Germany's fund for addressing climate issues and transformation may fall short by up to €10 billion ($10.8 billion) next year, which could challenge the country's efforts to reduce greenhouse gas emissions. This shortfall could affect essential projects related to solar and hydrogen.
On Sunday, the Australian government released a ‘preferred model’ for new standards on vehicle emissions as the country is looking to promote the uptake of electric cars.
Severe weather struck California on Sunday, with heavy rainfall and hurricane-force winds affecting a wide area. A phenomenon known as an atmospheric river. Power outages impacted 750,000 customers, and there's a looming threat of significant floods.
In a letter to the Bank of England, seen by Reuters, a group of investors, including major pension schemes from the UK and Europe, expressed worries that British banks might not have enough money set aside to deal with the impacts of climate change on their businesses.
The Alberta Investment Management Corporation (AIMCo), a top Canadian pension manager, has announced the formation of a C$1 billion ($745 million) energy transition fund. This fund, with AIMCo managing C$158 billion in assets, is specifically designed for investments in global efforts related to energy transition and reducing carbon emissions.
Amazon Fund, in 2023, which focuses on developing the rainforest sustainably, received $640 million in new pledged donations from developed countries, Tereza Campello, environmental director at National Development Bank said on Thursday.
Watershed, a climate software company, raised $100 million in a Series C funding round led by investment firm Greenoaks, valuing the company at $1.8 billion.
Exxon Mobil stated in a court filing on Thursday that activist investors are backing down from a climate proposal.
The US House of Representatives, next week, will decide whether to cancel the Biden administration's temporary block on approving the export of liquefied natural gas (LNG)
Google has made its biggest deal ever to buy power from offshore wind projects near the Netherlands.
Environmental Audit Committee said in a report published Wednesday that the UK government’s plans to mitigate the effects of rising temperatures published last July mostly reiterated existing policy and don’t show “sufficient urgency or ambition.”
As the demand for fast package delivery increases, companies are facing challenges transitioning to electric vehicles (EVs). Americans now make over 15% of their purchases online, contributing to a quadrupling of digital sales to $1 trillion annually over the past decade.
Airlines are finding it difficult to obtain and use lower-carbon fuels due to a shortage in supply and high costs, according to Cathay Pacific's head of procurement, Kristof Van Passel.
Top European leaders, including former vice presidents like Frans Timmermans and the current environment commissioner Virginijus Sinkevičius, have tested positive for a toxic chemical disease caused by emissions, according to a campaign advocating for a European Union-wide ban.
On Wednesday, the White House announced that John Podesta, a senior adviser, will take over from John Kerry as the US climate change diplomat.
European solar panel manufacturers are asking the European Union (EU) for urgent help to prevent local companies from closing due to price pressure from Chinese imports, in a letter obtained by Reuters.
Indonesia's new presidential regulation on carbon capture and storage (CCS) allows operators to reserve 30% of storage for imported CO2.
Big business groups including the US Chamber of Commerce and the American Farm Bureau Federation have filed a lawsuit against California seeking to cancel the state's new climate disclosure laws.
The Biden administration has introduced new energy-saving rules for kitchen stoves to cut utility bills and enhance reliability. These rules won't prohibit gas stoves.
In an effort to address water scarcity resulting from less rainfall, Catalonia, home to Spain's second-largest regional economy and the renowned tourist destination Barcelona, is set to introduce an ambitious plan by the end of this decade.
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-zero emissions, as reported by BloombergNEF on Tuesday.
Pandora, the biggest jewelry maker in the world, has decided to stop using newly mined silver and gold and pick only recycled precious metals, as it consumes less energy.
Shareholders who use resolutions to push companies on environmental and social matters are concerned that a lawsuit by Exxon Mobil, skipping the US securities regulator, might weaken their impact.
Democrats in swing states are expressing concerns about President Biden's environmental policies. They worry that these policies, which focus on areas like pollution reduction from power plants and promoting electric vehicles, might not sit well with voters who are more focused on costs.
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 billion, and globally, there were overall withdrawals from these funds for the first time ever.
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 year to achieve its goal of reaching net zero carbon emissions by 2050.
California, a big player in producing oil, is now breaking ties with the oil industry, a significant move to shift away from fossil fuels as California focuses more on fighting climate change.
Companies responsible for verifying environmental, social, and governance (ESG) claims will be urged to adhere to a new ethics code to combat greenwashing, according to the head of a global standards body, as told to Reuters.
A new insurance startup, founded by three former Allianz executives, has completed the largest climate-focused seed funding round in Europe in over a year.
In Panama, coffee farmers are being encouraged to plant trees near the country's famous canal in an incentive program. This program not only benefits the farmers but also helps the important global waterway.
As the world's largest cruise ship, Icon of Seas, began its maiden voyage on Saturday from Miami, environmental groups are concerned about the release of methane by the ship’s liquefied natural gas-powered vessel.
The world’s biggest commercial vehicle maker, Daimler and Abu Dhabi have entered into an initial agreement for the supply of green hydrogen to fuel future fuel-cell trucks in Europe for the Gulf state.
In 2023, China exceeded the total solar panel installations of any other nation, contributing to its already substantial lead in the global renewable energy landscape.
Iveco Group, an Italian bus and truck maker, has partnered with German chemicals group BASF for the recycling of lithium-ion batteries for their electric vehicles.
The United Nations has taken an unconventional step to navigate Western sanctions by opening a Russian bank account in 2022.
A study published on Wednesday reveals a significant and accelerated decline in global groundwater levels over the last four decades.
European banks are cautioning investors not to focus too much on the upcoming Green Asset Ratio, an ESG metric, as early estimates suggest the industry is falling significantly short of the required levels.
General Motors has announced a 7 billion reais ($1.42 billion) investment in Brazil from 2022 to 2028, aiming to enhance "sustainable mobility."
The Biden administration is expected to announce plans in the coming days to increase environmental scrutiny on applications for natural gas exports.
Sierra Leone's capital, Freetown, is facing a severe threat to its clean water supply from a national park.Human activities like land grabbing, charcoal burning, quarrying, and marijuana cultivation are endangering the park, as revealed in a recent UN report.
In Europe, the notable increase in clean-energy production is reducing the need for carbon permits, and the sluggish industrial recovery is contributing to keeping emissions at lower levels.
Uruguay aims to borrow at least one multilateral loan with low-interest rates linked to environmental goals this year.
US oil refiners, including Coffeyville Resources Refining and Marketing and Wynnewood Refining Company, are urging President Biden's administration to change the renewable fuel credit program.
The upcoming European Parliament election might complicate the approval of ambitious climate change policies if, as recent polls indicate, takes a "sharp right turn."
A group of investors overseeing $25 trillion has decided to take action against mining companies that have not adopted safety environmental standards for the construction and maintenance of tailings dams.
Several banks are competing to tap into a growing market focused on Environmental, Social, and Governance (ESG) debt, estimated to potentially reach $800 billion by Barclays Plc.
German stakeholders are expected to finalize an agreement this week on a long-awaited plan for building multiple new gas-fired power plants, as revealed by three sources from the government and industry to Reuters on Monday.
ArcTern Ventures, based in Toronto, announced on Monday that it secured $335 million from TD Bank and other institutions for a climate technology fund.
Brazil's state-owned oil company, Petrobras, plans to acquire shares in domestic onshore wind and solar projects this year, aiming to build a renewable energy portfolio of around 2 gigawatts (GW), according to the company's CEO in a statement to Reuters.
Renewable energy company Low Carbon said on Tuesday that it received funding for the construction of a 385-megawatt portfolio of solar and battery storage projects in Britain.
The Biden administration is investing $207 million in domestic fertilizer and renewable energy projects to enhance supplier competition for US farmers and ranchers.
An impending Supreme Court decision that may restrict federal agency powers could have a big effect on a challenge by Republican-led states against a rule from President Biden.
Umicore is in search of a European site for a new battery recycling facility. The company is primarily exploring locations near chemical industry sites to collaborate on carbon capture and storage, as mentioned by its CEO, Mathias Miedreich, in a recent Reuters interview on Friday.
Germany's weather service predicts strong gusts in the north, west, and central areas overnight into Monday, with heavy squalls in the North Sea and near mountain peaks.
Carbon dioxide emissions are set to experience one of the largest increases in history this year, bringing the planet closer to the brink of catastrophic climate change.
A major investor in offshore wind farms is starting a new company, Copenhagen Energy Islands, with the aim of constructing artificial islands in the North Sea that combine wind power and hydrogen production.
Exxon Mobil Corp filed a complaint in a Texas court on Sunday to block a climate proposal by activist investors from being voted on during the company's May shareholder meeting.
The CEO of Portugal's largest utility firm, Energias de Portugal, told Reuters in Davos that most delays in subsidized energy projects in Europe are due to lack of efficient execution.
China-based Longi Green Energy Technology Co assured that Donald Trump’s return would not affect the company’s plans to expand in the United States.
On this week’s episode of Bloomberg’s Zero Podcast, Tom Steyer, a hedge-fund billionaire, speaks to Zero host Akshat Rathi about the effects of former US President Donald Trump’s return to his previous position on climate ambitions for the United States.
A recent study reveals that the practice of trawling, a destructive fishing technique, the ocean floor for shrimp, cod, and other seafood results in the release of up to 370 million metric tons of CO2 into the atmosphere annually.
On Thursday, the utilities regulator of New York State approved Con Edison's $1.2 billion Idlewild project in Queens, aimed at enhancing the reliability of the city's electrical system.
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 levels.
China’s oil major Sinopec and BP signed a memorandum of understanding (MoU) at the World Economic Forum in Davos. The agreement aims to enhance cooperation in various areas, such as fuel sales, oil and gas trading, and upstream activities, as reported on Sinopec's Weibo account on Thursday.
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 consumed last year. This initiative is part of the country's efforts to reduce emissions, according to an official from the energy ministry.
According to the CEO of the global asset management firm Nuveen, investors still hold an interest in environmental, social and governance (ESG) factors despite facing backlash from many conservative US politicians.
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 1985 and 2022, the first full area loss to happen ever.
Official advisors have told the European Union to revise its climate policies to promptly move towards the phase-out of fossil fuels and achieve climate targets set by the bloc.
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, emphasized that the Presidential elections will bring a notable difference to global climate fights.
The world’s largest turbine maker, Vestas Wind Systems A/S, is partnering with ArcelorMittal to use recycled or old steel to make turbine blades with the aim of cutting carbon footprint.
UBS Group AG has warned that investors have largely undermined the effects of biodiversity loss.
UBS Chair Colm Kelleher and Chief Executive Officer Sergio Ermotti wrote in a study published by the bank’s sustainability and impact institute on Monday that, “biodiversity loss requires just as swift action as climate change.”
Singapore’s marine biofuel demand is suspected to increase double-fold by 2025 as shippers seek to cut emissions, a senior TotalEnergies executive said.
Wind and solar energy will lead power generation in the United States for the next two years, a report by the Energy Information Administration (EIA) said on Tuesday. This will be largely supported by renewable energy installations across the country.
A large number of businesses are witnessing a lack of green skills among their employees. This will reportedly see slow to low progress in transitioning to a low carbon economy, reveals a report that’s collaborated with Spanish renewable energy giant Iberdrola.
Swedish lithium-ion battery producer Northvolt said that it has raised $5 billion, the largest green loan to have been issued in Europe, to expand the firm’s battery factory in north Sweden.
The steel giant, ArcelorMittal SA and France are planning to invest €1.8 billion to cut carbon emissions produced by their steel plants in Dunkirk. This will reduce the country’s industrial emissions by 6%.
One of the world’s largest green investment manager, Impax Asset Management, is expressing the problems in President Joe Biden’s landmark climate law.
US and China, the world’s biggest two greenhouse gas emitters are charting a new climate plan as John Kerry and Xie Zhenhua, stepped down from their positions the same week.
Former US Senator and Secretary of State, John Kerry, will quit the post of President Biden’s special climate envoy after three years of service. Kerry will however continue to help Biden’s re-election campaign.
According to US Vice President Al Gore, some nations are trying to push out of the landmark agreement, made at the UN climate summit COP28, of transitioning away from fossil fuels.
European Union (EU) lawmakers are looking into developing a stronger law against microplastic pollution, after millions of tiny pellets of microplastic washed up on the coast of Spain's northwestern Galicia region.
A lawsuit was filed by the residents of the Dutch-Caribbean island of Bonaire, on Thursday, against the Dutch state demanding the government take more effective measures to mitigate climate change.
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 demand and high repair costs for battery-powered options.
The world’s biggest consumer tech show Consumer Electronic Show (CES), happening in Las Vegas displayed cutting-edge technology and futuristic products that were climate-centric.
The global increase in renewable power capacity reached a 50% growth rate last year and is expected to continue setting records throughout this decade, propelled by the widespread adoption of cost-effective solar panels, particularly in China.
Turkish steel producer Erdemir intends to invest a combined $3.2 billion in its green transition by 2030, aiming for a 25% reduction in emissions by that target year, according to Serdar Basoglu, the CFO of OYAK Mining Metallurgy.
Research conducted by analysts at UBS Group AG indicates that hedge fund managers are progressively integrating environmental and social metrics into their investment strategies.
The Environmental Protection Agency's assessment indicates that the United States has an overall recycling rate of just 32% for materials such as glass, plastic, cardboard, and paper, encompassing collections from industrial, commercial, and residential waste.
The surge in rooftop solar installations, which has been a driving force behind China's global leadership in renewable energy, is facing a new hurdle.
Greenhouse gas emissions in the United States experienced a 1.9% decrease last year compared to the preceding year.
Indian billionaire Gautam Adani intends to pump $24 billion (2 trillion rupees) into his home state of Gujarat over the next five years.
A Greenland-based startup, launched in 2022, aims to enhance the international experience by adding glacier ice, extracted from ancient fjords, into drinks sold at exclusive cocktail bars in Dubai.
Colombia has awarded its first-ever license for developing a geothermal energy project for electricity generation to Canada's Parex Resources, as per a government resolution reported by Reuters on Tuesday.
In Texas, a $1 billion ammonia production facility with proprietary hydrogen technology is in the works, aiming to reduce carbon emissions from coal-fired power plants, a major contributor to global CO2 emissions.
The Biden administration is reassessing the environmental standards applied in approving upcoming liquefied natural gas export facilities, potentially causing delays in ongoing projects as the 2024 election approaches.
US Treasury Secretary Janet Yellen is set to visit Boston on Wednesday for another tour aimed at advocating the economic advantages of the Biden Administration's clean energy tax credits, just ahead of the commencement of the 2024 presidential nominating contests.
The US Supreme Court has declined the request for a crucial procedural boost sought by Exxon Mobil Corp., Koch Industries Inc., and the American Petroleum Institute in a Minnesota lawsuit attributing climate change to the oil industry.
Activist investors are anticipated to scale back on environmental and social campaigns this year, as revealed by business consulting firm Alvarez & Marsal Inc.
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 revealed in an analysis exclusively shared with The Guardian.
The Department of Energy's loan office, on Friday, conditionally approved a $189 million loan to facilitate the establishment of a methane monitoring network in crucial oil-producing basins.
India is intending to reduce equity investment by half, amounting to $1.8 billion for the fiscal year 2023/24, to support the green energy initiatives of three state-owned oil refiners, according to information from four sources in the government and industry.
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, as told by Energy Transition Minister Agnes Pannier-Runacher in an interview with La Tribune Dimanche.
Azerbaijan has chosen Mukhtar Babayev, the current Ecology Minister, to lead the upcoming global climate talks, COP29, scheduled to take place later this year in Baku.
State Bank of India (SBI), the largest lender in India, has declared the successful completion of placing $250 million in senior unsecured Green floating rate notes, known as ‘The Green Notes.’
At COP28 in Dubai, financial institutions such as Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays are preparing for an uptick in carbon offset transactions, poised to hit $1 trillion.
Electricity consumption in Spain experienced a consecutive 2.3% decline in 2023 for the second year in a row, sparking concerns about a surplus in supply.
The solar industry in the United States is expected to see moderate growth in 2024, with a decline in electricity prices and the support of the Inflation Reduction Act (IRA), according to SolarEdge Chief Financial Officer Ronen Faier.
Congressional Republicans are targeting President Joe Biden’s $400 billion green bank, aiming to replicate the political success they achieved in 2011 with the scandal surrounding the bankrupt solar company Solyndra.
In a notable shift, 'Transition finance' is set to emerge as a pivotal focus of 2024, taking center stage as a critical topic for individuals expressing concern about the climate crisis.
The largest global lenders collectively earned about $3 billion in fees in 2023 by facilitating debt for deals positioned as environmentally sustainable, as per Bloomberg's data.
For the third consecutive year, Tesla secured the leading position in Norway's car sales in 2023, maintaining its dominance over competitors, even amid an ongoing dispute between the US electric vehicle manufacturer and the influential labor unions in the Nordic region.
Renewable energy sources contributed 61% of Portugal's electricity in 2023, marking a significant increase from the previous year's 49%, as reported by grid operator REN on Tuesday.
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 policies in California and environmental liabilities in the Gulf of Mexico.
In 2023, West Texas witnessed a notable decrease in earthquake frequency, marking the first such decline in over five years. This shift followed regulatory actions targeting the disposal of toxic wastewater from oil drilling.
Efforts are underway to implement a driverless magnetic train system in Berlin, designed to traverse the city and transport both passengers and goods. This initiative is part of the local government's strategy to enhance the green reputation of the German capital.
The Amsterdam police detained around 300 climate activists on Saturday after they blocked a key highway in the Dutch capital for several hours.
Environmental activists are anxious as the Securities and Exchange Commission (SEC) faces challenges in fulfilling its ambitious climate-related agenda in 2023.
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