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Sunayana Thawait

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Sunayana is a journalist at Sustainability Economics News. Her passion for storytelling and communication helps her deliver unbiased and compelling articles. She has a postgraduate degree in broadcast journalism. She also enjoys working on long-form video stories and short films. Previously, she has worked as a journalist and social media analyst for Russia Today (India). 

 

Nippon Steel and Sumitomo renew contract with Equinor to supply pipes 

Japan’s largest steelmaker, Nippon Steel and trading house, Sumitomo Corp, announced that they have renewed a long-term contract with Norway’s Equinor to supply seamless steel pipes […]

NGOs call for the exclusion of carbon offsets from corporate transition plans 

In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offsets from their transition plans, arguing […]

Genex secures $107 million funding for its solar assets in Australia 

Genex Power announced that it has secured a five-year $107 million senior debt facility for its 50MW Kidston and Jemalong solar projects in Australia.   The […]

Ineos Energy CEO criticizes UK oil and gas policies, prioritizes US and Denmark expansion 

The chief executive of Ineos Energy has stated that the company will focus on expanding in the US and Denmark instead of Britain. This decision […]

Redflow and Stanwell partner to boost Queensland’s energy transition with new battery technology 

Redflow Limited, a clean energy storage company, announced it had signed a Memorandum of Understanding (MoU) with one of Queensland’s government-owned coal-fired generators, Stanwell Corporation. […]

China inaugurates country’s first technical centre for SAF 

The Civil Aviation Authority of China (CAAC) launched the country’s first technical centre for sustainable aviation fuel (SAF). The facility, which will focus on standard […]

EU approves €3 billion Swedish CCS Scheme to combat biogenic CO2 emissions 

The European Commission has sanctioned a €3 billion Swedish initiative under EU State aid regulations to support carbon capture and storage (CCS). This scheme is […]

Private equity fund acquires stake in Solar Sovereign  

Texas-based fund Inferno Capital Group announced that it has acquired a significant stake in energy company Solar Sovereign.   The group said that this move signifies […]

Shell halts construction at its biofuel plant amid market challenges 

Shell announced that it plans to temporarily pause on-site construction work at one of Europe’s largest biofuel plants due to weak market conditions. The biofuel […]

Air New Zealand welcomes 500,000-litre shipment of SAF

Air New Zealand has welcomed its first shipment of 500,000-litre Sustainable Aviation Fuel (SAF) into Wellington. The airline announced that this is a step towards […]

Asset manager AEW leads in adopting FCA Sustainability Impact Label under SDR regime

AEW, the real estate investment and asset manager, announced that it will be one of the first asset managers to adopt FCA Sustainability Impact label […]

Amazon bypasses carbon offset standard funded by Bezos

Amazon has become the first company to bypass a global standard for verifying carbon offsets, developed by a non-profit largely funded by its founder and […]

Renewable energy start-up Xurya raises $55 million in investment funding

Xurya, a renewable energy company providing rooftop solar rentals with no upfront costs in Indonesia, has announced securing an additional $55 million investment.  It said […]

DHL Express partners with Bank of Philippine Islands for sustainable shipping with SAF

DHL Express announced that it has signed an agreement with the Bank of Philippine Islands (BPI). The partnership aims to reduce DHL’s annual greenhouse gas […]

Eco-gamers launch online video game to target asset management and investment firm

A team of eco-gamers known as Serious People has developed a video game titled “Asset Manager Quest” to encourage investment firm ‘Abrdn‘ to divest from […]

ARENA approves $143 million for 370 community batteries across Australia

The Australian Renewable Energy Agency (ARENA) announced that it has conditionally approved up to $143 million to support the deployment of approximately 370 community batteries […]

Malaysian bank under fire for financing Vietnamese coal plant

While Malaysia commits to phasing out coal power domestically, a Malaysian government-owned development bank has agreed to finance the Song Hau 2 coal plant in […]

China’s offshore wind power costs set to undercut coal power price 

For the first time this year, the price of offshore wind power in China will fall below that of coal-generated electricity. The government has approved […]

Japan proposes stricter SAF regulations to slash aviation emissions 

Japan announced a new proposal that includes stricter rules for domestic producers of sustainable aviation fuel (SAF) to help cut greenhouse gas (GHG) emissions. It […]

Climate Bonds Initiative partners with UNEP FI and PRI to advance sustainable finance taxonomies 

The Climate Bonds Initiative (CBI) announced a collaboration with the UNEP Finance Initiative and Principles for Responsible Investment to support global interoperability and implementation of […]

Capital cities swelter as days above 35°C jump 52% since 1990

A study by a think tank revealed a 52% increase in the occurrence of 35°C (95°F) days in 20 major global capitals, from Delhi to […]

ERM offers new guidelines for investing in Nature Climate Solutions for VCM 

The ERM Sustainability Institute launched a new guide to help corporate investors and financial institutions understand how and why to invest in high-integrity Natural Climate Solutions (NCS).  […]

IDB Invest launches first private sector bond for Amazon rainforest’s green and social initiatives 

IDB Invest, the private sector arm of the Inter-American Development Bank Group, has issued the IDB Group’s first private sector bond to fund green and […]

Positive results for JERA’s ammonia co-firing trial at Japan’s coal power plant 

JERA, a Japanese power generator, announced the successful conclusion of a three-month trial at its Hekinan Thermal Power Station in Central Japan. In this trial, […]

Singapore’s Renewable Energy Investor Acquires Rānui Generation 

SC Oscar, the Singapore-based renewable energy investor, acquired New Zealand renewables developer Rānui Generation for an undisclosed amount, as the infrastructure fund manager aims to […]

Carbon removal market poised for explosive growth with proper support, report finds 

A report by management consultancy Oliver Wyman reveals that if barriers to growth are addressed, the global market for CO2 removal credits could reach up […]

Korean Air expands cargo SAF program in partnership with CEVA Logistics 

Korean Air announced that it will expand its cargo sustainable aviation fuel (SAF) program by partnering with global logistics company CEVA Logistics.   Korean Air’s customer-participation […]

Malaysia announces plans to fully retire CFPPs by 2044 

At the London Climate Action Week, Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof said the country has established a phase-out plan for existing coal-fired […]

New report reveals surge in climate litigation against polluters 

A new report from LSE’s Graham Research Institute on Climate Change and the Environment shows that companies accused of misrepresenting their progress on climate change […]

Edison partners with Blunova for floating offshore wind project in Italy 

Edison, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) to jointly develop a floating offshore […]

United Airlines chief emphasizes oil industry cooperation in economically viable SAF

Lauren Riley, chief sustainability officer for United Airlines, the third largest airline in the US, said in an interview with the Financial Times that sustainable […]

ICMA releases new resources on green enabling projects and sustainability-linked loan bonds 

The International Capital Market Association (ICMA) released new materials to support green enabling projects and guidelines for sustainability-linked loan financing bonds.   The principles set the […]

Australia stresses batteries’ crucial role amid plans to close CFPPs 

Australia’s largest electricity grid identifies household batteries as crucial, requiring A$122 billion ($81 billion) annually to replace ageing coal-fired power stations and address increasing energy […]

Evri invests £19 million to boost electric cargo bike rollout 

To accelerate its commitment to sustainability, Evri, a UK-based parcel delivery company, announced an investment worth £19 million. This new funding will expedite the rollout […]

Report highlights benefits of early retirement of Chinese financed overseas CFPPs 

A new policy brief by the Boston University Global Development Policy Center said the early retirement of overseas coal plants would bring health and climate […]

EU backs 650-billion-euro plan through climate financing initiative 

A European Union informed that a group of 112 cities aiming to eliminate their net greenhouse gas emissions by 2030 would need 650 billion euros […]

South Africa risks $9.3 billion climate finance pact over delayed coal plant closures 

A panel appointed by South Africa’s environment minister said the country is risking a $9.3 billion climate finance pact by delaying the closing of several […]

ECB may take “remedial action” against firms failing to meet emissions reduction targets 

The European Central Bank (ECB) plans to set emissions reduction targets for the corporate sector portfolios in the asset purchase programme (APP) and pandemic emergency […]

ExxonMobil partners with Air Liquide to advance the largest low-carbon hydrogen project 

ExxonMobil, an international energy and petrochemical company, and Air Liquide announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s […]

Doral Renewables secures $400 million investment from Dutch pension fund ABP 

Doral Renewables, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority equity investment by Dutch pension fund […]

Second High-Level Dialogue on clean energy financing held ahead of COP29

The second round of the High-Level Energy Transition Dialogues, a preparatory event for the upcoming COP29 climate change conference in Baku, Azerbaijan, was hosted by […]

Australia’s first CIS auction attracts 40 GW of new renewable energy proposals 

Australia’s inaugural National Capacity Investment Scheme (CIS) auction has attracted significant interest. Investors propose 40 GW of new renewable energy projects, including wind and solar […]

Climate Arc urges investors to target high-emitting sectors for low-carbon future

Climate Arc, a nonprofit providing guidance, data and funding to promote green investments, argues that climate investors must target the sectors with the highest emissions […]

Hong Kong gears up to host largest Asia-focused sustainable finance event  

Hong Kong will welcome 300 finance executives and international speakers to its largest sustainable finance event, which is scheduled for July 1st and 2nd.   Titled […]

Greenpeace report highlights climate risks in Chinese asset management investments 

According to a new Greenpeace report, major Chinese asset managers have billions of dollars invested in fossil fuels and have no plans to phase them […]

Global coalition urges governments to boost climate ambitions ahead of 2025 deadline 

Several of the world’s largest companies, financial institutions, cities, and regions have united to urge governments to enhance their climate ambitions before the February 2025 […]

SENCO announces €20 million investment in Strohm’s to boost its hydrogen and CCUS sectors 

SENCO Hydrogen Capital, a private equity firm specializing in investments in hydrogen and energy-in-transition spaces, announced a € 20 million investment in Strohm, an international […]

ADB invests $50 million in Actis Fund to accelerate clean energy transition in Asia and the Pacific 

The Asian Development Bank (ADB) has committed $50 million to the Actis Asia Climate Transition Fund, which is managed by Actis, a global investor in […]

E-fuels offer a long-term solution for key transport sectors, report says 

According to a report by Wood Mackenzie (WoodMac), e-fuels could provide a solution for powering essential transportation sectors like ships, long-haul aircraft, and heavy-duty commercial […]

World Bank warns against rising global gas flaring, calls for regulations 

Recent satellite data gathered by the World Bank shows the amount of gas flared worldwide has increased, marking its highest level since 2019.   This led […]

Climate lawsuit against Italy’s Eni delayed due to jurisdictional review request 

A decision on a lawsuit filed by Greenpeace and ReCommon against Italy’s Eni, an energy group, for its role in contributing to climate change through […]

IMF approves $786.2 million for Tanzania’s climate reforms and $149.4 for budget support 

IMF’s executive board approved Tanzania’s request for funding worth $786.2 million under the Resilience and Sustainability Facility (RSF), a press release said.  The funding aims […]

Government intervention aims to stabilize China’s solar market 

China’s government has pledged to support struggling solar manufacturers by guiding capacity expansions and preventing redundant investments.  Li Chuangjun, director of the agency’s renewable energy […]

UK Supreme Court rules in favour of environmental activists in oil extraction case  

The UK Supreme Court ruled that local authorities should have considered the long-term climate impact of onshore oil wells when granting planning permission. This decision […]

Nippon Steel’s US Steel acquisition raises decarbonization cost concerns 

Nippon Steel could risk increasing its decarbonization costs by acquiring US Steel. An activist shareholder group has urged the company to consider the takeover’s impact […]

Amsterdam’s Cawa secures €500K to boost transparent carbon credit sales 

Cawa, an API infrastructure enabling carbon accounting and ESG platforms to sell transparent, high-quality carbon credits, announced that it raised € 500,000 in a new […]

Wilder Carbon introduces the world’s first “buffer insurance” for carbon credits 

UK-based carbon standard Wilder Carbon and specialist carbon insurance company Kita announced the world’s first “Buffer Insurance” policy for Wilder Carbon’s buffer pool.  According to […]

CDB’s President calls for urgent funding to protect Caribbean coastlines 

The acting President of the Caribbean Development Bank urged prompt action to secure the financing of initiatives to safeguard the region’s coastlines and population from […]

Report highlights the urgent need for improved climate risk disclosure in the US insurance sector 

A new report by Ceres examines companies’ disclosures under the National Association of Insurance Commissioner’s Climate Risk Disclosure Survey (CRDS).    It aims to serve as […]

Sineng Electrical partners with Chinese state-owned DEC International to boost renewable energy sector 

Sineng Electric announced it is forming a strategic partnership with DEC International, a Chinese state-owned power equipment manufacturer. The partnership aims to drive innovation and […]

Canada’s proposed oil and gas emissions cap likely to impact its GDP and investments, report says 

A recent report by Deloitte Canada, commissioned by the Alberta government, shows that the proposed federal oil and gas emissions cap would cut production, deter […]

Companies adopting 1.5°C-aligned climate transition plans jump by 44%, data shows 

Data released by CDP shows the number of companies disclosing they have 1.5 °C-aligned climate transition plans has jumped by around 44%.  According to CDP’s […]

Microsoft to receive 8 million carbon credits from investment group in largest-ever sale 

BTG Pactual Timberland Investment Group, a Latin American investment bank, is planning to execute a carbon offset credit transaction with Microsoft. TIG will provide Microsoft […]

Mizuho Financial Group partners with asset management firms to drive sustainable finance in Japan 

Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier have signed a new sustainability alliance agreement.  The […]

Asset management firm to invest $267 million in Spanish methanol plant 

White Summit Capital, an investor and asset manager in sustainable energy infrastructure, will invest 250 million euros ($267 million) in a green hydrogen and methanol […]

Transitioning coal plants to renewables in emerging economies shows profit potential, report says 

A recent report by the Institute for Energy Economics and Financial Analysis shows that over 800 coal power stations in emerging economies have the potential […]

Spain calls for stronger support in Europe’s green tech race

Spain’s climate and energy minister, Teresa Ribera, a leading candidate for the EU’s next head of green policies, emphasized the need for the upcoming European […]

BNP Paribas and Bank of Korea cut ties with Santos’ Barossa gas project  

BNP Paribas and The Export-Import Bank of Korea, two major international banks, have ended their financial support for Santos’ Barossa gas project.   BNP Paribas, the […]

Southeast Asia’s green transition at risk due to drop in climate development finance, report says 

Southeast Asia’s green energy transition is facing uncertainty due to a notable reduction in climate development finance allocated to the region, a new Lowy Institute […]

New Zealand’s 2024 budget cuts climate initiatives, shifts focus to adaptation 

According to a report from Climate Venture Capital Fund, New Zealand’s new coalition government slashed several major climate initiatives in its 2024 budget, which was […]

Essar Group announces $3.6 billion investment in green hydrogen plant in India’s Gujarat 

Essar Group, an India-based firm, will invest Rs 30,000 crore ($3.6 billion) over the next four years in setting up a green hydrogen plant in […]

Philippines suspends new green energy applications to revamp regulations 

The Philippines plans to temporarily halt the processing of new applications for renewable energy projects as it overhauls regulations. This follows a surge in contracts […]

SA explores private investment in transmission capacity to tackle energy crisis 

The head of a South African government office responsible for auction rounds for state-provided renewable energy stated that establishing a similar agency to encourage private […]

UK to announce clean energy funding and AI developments at G7

On the second day of the G7 Leaders Summit in Italy, the UK’s Prime Minister, Rishi Sunak, will emphasize the importance of supporting countries in […]

World Bank and HSBC to launch $200 million outcome bond for Amazon reforestation 

The World Bank has appointed HSBC to structure a new outcome bond aimed at addressing reforestation efforts in the Brazilian Amazon. This principal-protected outcome bond […]

ThyssenKrupp Steel to present green steel plant proposals in August 

ThyssenKrupp Steel Europe plans to propose a green steel plant at Duisburg. The company aims to switch to direct reduction steelmaking to gradually replace the […]

Stalemate in Climate Funding Talks Ahead of COP29 

One of COP29’s main goals is to finalize a new annual financing target to help poorer countries cut their emissions and protect their societies.  As […]

Report finds lower value-chain emissions for US-shipped LNG to Asia than coal

A research report by Rystand Energy revealed that the value-chain emissions of liquified natural gas (LNG) are lower on average than those of coal-fired power […]

Koehler Group decarbonizes CFPP, switches to biomass

At its Oberkirch site, the Koehler Group is upgrading its power plant to use eco-friendly biomass as fuel. With the last piece of coal now […]

UK Green Party pledges fossil fuel divestment for pension and mutual funds by 2030 

If it wins the general election on July 4, the UK’s Green Party has pledged to require non-bank financial institutions, such as pension funds and […]

Spain leads Europe in solar capacity but faces challenges in meeting wind energy goals 

Recent research by Global Energy Monitor shows Spain has more utility-scale solar capacity in operation (29.5 GW) than any other European nation. However, it risks […]

Glencore plans to back Indonesian nickel miner to build battery metal plant

Glencore Plc is set to back Indonesian nickel miner PT Ceria Nugraha Indotama to build a battery metal plant ahead of the mining company’s initial […]

Vesper Energy secures $592 million investment for Hornet Solar Project 

Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, totalling around $592 million in investment.   In a […]

World Bank’s new fund to assist climate-affected vulnerable countries 

The World Bank’s Board of Executive Directors approved a plan to act as interim host of a fund that will provide financial support to developing […]

Chinese solar industry urges government action amid price plunge 

Chinese solar panel manufacturers are calling for immediate government intervention. They aim to curb investment and foster industry collaboration, to stop the steep decline in […]

Netherlands concludes largest offshore wind auction for two sites 

The biggest-ever auction for offshore wind projects in the Netherlands has ended, with major companies set to develop the sites. A group of companies, including […]

Rising copper prices challenge India’s renewable energy sector 

Amid escalating copper prices, India’s renewable energy sector faces rising costs and budgeting challenges. In recent months, copper prices have surged due to increased manufacturing […]

Hitachi Energy to invest additional $4.5 billion by 2027, to boost clean energy transition 

Hitachi Energy plans to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnership by 2027 to accelerate the clean energy transition.  In […]

US Supreme Court seeks government’s views on lawsuit against oil companies

The US Supreme Court requested President Joe Biden’s administration provide its perspective on Sunoco and other oil companies’ attempt to dismiss a lawsuit filed by […]

Candi Solar lands $38 million in funding to expand clean energy in India and SA 

Candi Solar, a clean energy company specializing in solar power solutions, announced that it had secured $38 million in equity investment in a successful funding […]

ESG funds and sustainable investing outperform traditional funds, report says 

Environmental, social, and governance (ESG) investing surged in popularity among investors and the public from 2017 to 2022 but has recently encountered criticism from certain […]

New proposal could set international standards for coal financing policies 

Some of the world’s major economies are planning to finalize a plan to halt new private-sector funding for coal projects ahead of the 2024 UN […]

TotalEnergies and Air Products Forge Green Hydrogen deal 

French oil and gas company TotalEnergies has signed an agreement with Air Products, a US industrial gas company, to deliver green hydrogen. In a press […]

Hong Kong may mandate green taxonomy for banks to enhance sustainable finance 

The Hong Kong Monetary Authority, the country’s central banking institution, is planning to make its green taxonomy framework mandatory for the banking sector to support […]

Adani Green Energy plans to invest over $1 billion in Sri Lanka to boost wind power 

India’s Adani Green Energy Ltd (AGEL) will invest over $1 billion in setting up wind power and other energy projects in Sri Lanka. This would […]

New Zealand plans to lift oil, gas exploration ban

The government of New Zealand is planning to lift a ban on offshore petroleum exploration, citing energy security challenges from rapidly declining natural gas reserves.  […]

States urge property insurance companies to consider climate-threatened homes 

California, Florida, and Louisiana homeowners are finding it nearly impossible to find an insurance company that will cover their property.   Most mortgage lenders mandate that […]

Australia renewables investment needs faster growth to meet targets, report says 

According to a report by the Clean Energy Council, investment in major renewable energy projects in Australia bounced back in the first quarter from last […]

US Senate panel discuss climate as a cause of rising insurance premiums 

In a hearing, the US Senate Budget Committee addressed the causes of the insurance crisis affecting homeowners nationwide. Democrats argued that climate change is the […]

Sri Lanka enacts law to boost renewable energy investment, reform power sector 

Sri Lanka’s parliament passed a law aimed at boosting investment in renewable energy. This legislation is part of the country’s efforts to reduce financial losses […]

Renewable energy, power transmission to drive India’s power sector, reports say 

A report by Moody’s Ratings says that over the coming years, renewable energy and power transmission will drive investment in India’s power sector.   Moody’s Ratings […]

Sol Systems secures $85 million debt investment from Macquarie for solar projects 

Macquarie Asset Management and Sol Systems have announced an $85 million debt investment to support the construction and operation of five utility-scale solar projects in […]

CIF backs Philippines with $500 million investment plan for coal transition 

The governing board of the Climate Investment Funds (CIF) has approved the Philippines government’s investment plan. As part of it, the government will receive an […]

Maruti Suzuki commits around $54 million to renewable projects 

Maruti Suzuki plans to invest Rs 450 crores ($54 million) over three years in commissioning renewable energy projects related to solar power generation and biogas.   […]

UN chief criticizes fossil fuel industry and its supporters 

UN Secretary-General António Guterres said that countries must confront the fossil fuel industry and companies that support efforts to obstruct climate action.  The UN chief, […]

Former finance chiefs demand the inclusion of climate change in debt sustainability calculations 

A group of notable former finance ministers and central bankers from emerging markets is urging global leaders to consider external shocks and climate change in […]

ECB warns euro banks on falling behind climate goals, threatens fines 

In an interview, a senior European Central Bank (ECB) supervisor said some euro banks have failed to meet the ECB’s climate-related goals and may face […]

Shell CEO advocates for stable policies to navigate energy transition 

Bloomberg reported that Shell Plc’s CEO recently visited Washington to call for stability ahead of a US presidential election that could further disrupt the global […]

Australia’s pension fund aligns with government’s decision to support natural gas 

HESTA, one of Australia’s largest pension funds, has backed arguments by the government and the country’s big energy companies that natural gas will be needed […]

Ceres and Shell collaborate to produce green hydrogen 

Ceres Power Holdings, a UK-based developer of clean energy technology, said it has secured an additional contract for the second phase of its collaboration with […]

Sustainable investment opportunities open in Indonesia says minister 

Nurul Ichwan, Deputy for Investment Promotion at the Ministry of Investment, said the growing demand for sustainable products is boosting new investments in clean and […]

World Environment Day 2024 urges our ‘generation for restoration’ 

June 5th marks World Environment Day, a global event dedicated to raising awareness and inspiring action on urgent environmental issues. Every year, the focus revolves […]

Rio Tinto to invest $143 million to test low-carbon ironmaking 

Rio Tinto plans to invest $143 million in developing a research and development facility in Western Australia. It aims to assess further the effectiveness of […]

BlackRock invests $500 million in Recurrent Energy towards clean energy transition 

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced the initial closing and funding of an investment in its platform by BlackRock through a fund […]

Clean investment hits all-time high in US with $71 Billion in Q1 2024, report shows 

Clean energy and transportation investment in the US hit an all-time high, reaching $71 billion, in Q1 of 2024. This marks ongoing quarter-on-quarter growth since […]

UK financial institutions triple clean energy investments, report shows 

A report by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that UK financial institutions have almost tripled their investment in […]

Green investors anxious as energy prices drop 

In Europe’s power markets, energy prices are dropping below zero. The demand-supply chain is being compromised as the supply sometimes vastly exceeds the demand.  Although […]

Germany’s climate target at risk, Expert Council warns 

The Expert Council on Climate Issues said Germany is unlikely to meet its 2030 greenhouse gas targets. Germany had aimed to cut 65% of greenhouse […]

Investors welcome Australia’s first green bond issuance  

Australia is establishing a series of green bonds known as a “sovereign green bond curve“. This involves issuing bonds designated to finance projects with positive […]

German coal company may get $1.1 billion for shutting mines 

Germany’s second-largest coal miner will likely receive approximately $1.1 billion in compensation for ceasing its fossil fuel operations. However, Bloomberg reported that the European Commission […]

Banks aim to cut carbon emissions in real estate portfolios, in line with EU guidelines 

As part of a growing array of Net-Zero regulations, the European Union passed its Energy Performance of Buildings Directive (EPBD). EPBD aims to achieve a […]

Shareholders back Glencore’s 2024-2026 Climate Action Plan  

As Glencore nears the completion of its acquisition of Teck Resources’ steelmaking coal business, a majority of the company’s investors have indicated that they are […]

Five upcoming potential offshore wind projects to look out for 

A Global Wind Energy Council report says developing countries who need to balance economic growth with energy security and are targeting to deliver their climate […]

IFC grants CapitaLand India Trust $200 Million sustainability-linked loan 

CapitaLand India Trust (CLINT) has secured a $200 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC), a development institution focused on the private […]

Singapore publishes NRA on Environmental Crimes Money Laundering  

Singapore published an Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA), which identifies the critical threats and vulnerabilities in crimes around the environment that […]

A new guidebook helps asset managers navigate Sustainability Disclosure Requirements, regulations 

UK Sustainable Investment and Finance Association (UKSIF) and consulting firm, PwC collaborated to produce a guidebook for the Sustainability Disclosure Requirements regulations. Its aim is […]

Homecoming Capital invests $50 Million in CET to boost offshore wind ports 

Homecoming Capital, an investor in zero-emission infrastructure, announced its initial $50 million deal with Clean Energy Terminals (CET), a US-based offshore wind port infrastructure development […]

Plural Energy secures $2.33 million to make clean energy investments accessible 

Plural Energy, a financial technology company and an on-chain investing platform announced that it has secured $2.33 million in pre-seed funding. Necessary Ventures and Compound […]

EU quits energy investment treaty citing climate concerns 

Belgian European Union presidency said EU countries unanimously agreed to jointly quit an international energy treaty due to concerns that it protects fossil fuel investments […]

SE Asia’s Gas Expansion Threatens Green Energy Transition 

Southeast Asia plans to expand its gas-fired power plant and liquid natural gas import capacity. Global Energy Monitor’s report says this move could lock the […]

Amazon, Google, Microsoft sign deals with Duke Energy on clean energy supply 

To accelerate clean energy options, Duke Energy, Amazon, Google, Microsoft, and Nucor have signed agreements to explore new and innovative approaches to support carbon-free energy […]

Global shift towards renewables decelerates in 2023, says policy group 

REN21, a Paris-based policy group, said the global shift to renewables in major energy-consuming sectors slowed in 2023. Regulatory gaps, political pressures, and a failure […]

Climate Action 100+ backed by global asset owners post Wall Street pullback 

Asset owners overseeing $4.6 trillion have signed a statement extending their support to the Climate Action 100+ investor group. This comes after several high-profile Wall Street […]

Aramco Ventures funds Xpansiv to boost global energy transition and sustainability

Xpansive, infrastructure provider for global energy transition, announced that it has secured a new capital raise led by Aramco Ventures, an investor in low-carbon energy […]

New UNDP strategies to promote renewable and reliable electricity in Yemen 

The United Nations Development Programme in Yemen announced two new strategies to foster private sector engagement and promote investment in renewable energy within the nation.   […]

Zenobē secures new round of debt financing worth $524 million 

Zenobē, UK’s EV fleet and battery storage specialist, announced the completion of a $524 million financial deal, securing the largest electric bus platform financing in […]

US government’s new policy to govern usage of voluntary carbon credits

The US government introduced regulations to oversee the use of voluntary carbon credits to strengthen trust in a developing market. In the past, some high-profile […]

EU’s new hydrogen project to generate $3.5B in private investments 

EU competition regulators approved a $1.52 billion joint hydrogen project funded by seven EU countries, which is expected to generate an additional $3.5 billion in […]

Renewable energy startup bags $114 million investment 

Cloover , a Berlin-based renewable energy startup, has secured $114 million in seed rounds to revolutionize its operating system for the sector. Lowercarbon Capital led […]

President Xi warns against overinvestment in new energy 

At a meeting with major business figures and economists, President Xi Jinping said that excess investment into new energy would be counterproductive, South China Morning […]

First biodiversity fund to be set by South African State Bank 

The Development Bank of Southern Africa (DBSA) is establishing its first biodiversity fund. Further, they plan on approaching one of the world’s biggest dedicated environmental […]

Caribbean leader criticizes wealthy nations for “empty” climate pledges 

The president of this decade’s summit for  Small Island Developing States accused the wealthy nations of making “empty” and “grossly inadequate” climate pledges. The president emphasized […]

EU enforces new methane emissions regulations 

European Union approved a new law to impose methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to cut the […]

Rio Tinto and BHP move towards Net-Zero with electric truck trials in Pilbara 

Rio Tinto, an Australian mining company, and BHP Group plan on working together to test large battery-operated electric haul truck technology in the Pilbara region […]

China’s electricity consumption set to surge by 6.5% in 2024 

Reports say China’s rising electricity demand will pressure the nation’s power sector. The research report by State Grid Corp. of China said power supply and […]

Chemical and plastics associations file lawsuits against California AG 

Two lawsuits have been filed against California Attorney General Rob Bonta, seeking to prevent his efforts to demand energy groups to submit documents as part […]

Qatar’s $2.5 billion green bond attracts $14 billion in bids, 5.6 times oversubscribed 

Qatar’s Ministry of Finance has announced granting of green bonds worth $2.5 billion, “marking the first issuance of its kind in the region, aimed at financing environmentally friendly […]

Orsted lands $650 million tax equity deal with JPMorgan 

Orsted, a Denmark-based energy company, has secured an investment worth $680 million in tax equity financing from JPMorgan for a portfolio of solar and storage assets in […]

Eurazeo targets 750 million euros for a new planetary boundaries fund 

An executive told Reuters that Eurazeo, the French private equity investor, plans to raise at least $813 million for an impact-focused buyout fund targeting companies that […]

Australian state halts Glencore’s carbon storage project over groundwater risk 

The Queensland state government voiced its opposition to Glencore’s proposed carbon capture and storage project, citing the potential for irreversible damage to the groundwater crucial for farmers’ livelihoods.  Environment […]

National Grid to invest $76 billion towards decarbonization, says CEO 

National Grid, an energy company operating in the UK and US, plans to raise $8.7 billion in capital to finance its $76 billion network spending […]

South Africa may move to WTO against EU’s carbon tax 

According to Reuters, South Africa’s Trade Minister Ebrahim Patel said the country is considering lodging a formal complaint at the World Trade Organization against the […]

Young residents file climate change lawsuit against Alaska’s LNG project 

In the latest string of youth climate change-related lawsuits, eight young Alaska residents sued the state, seeking to block a major natural gas project. They argue that […]

Ahead of EU’s deforestation law, coffee shipments increase: ICO 

The International Coffee Organization (ICO) has observed a surge in coffee imports to Europe before the implementation of the European Union’s Regulation on Deforestation-free products […]

Vedanta to avoid coal and move towards renewables, says CEO 

Transitioning towards renewable energy, India’s Vedanta Ltd would no longer add coal-fired capacity in its aluminium business, said John Slaven, the company’s CEO.  In an interview with Reuters, […]

Climate change responsible for UK’s waterlogged winters, scientists say 

Scientists have confirmed climate change as the primary reason behind the UK’s waterlogged winter. This year marked the country’s second wettest ‘October to March’ period.  According to the […]

China’s solar power expansion slows down 

China’s rapid expansion of solar power in a move towards renewable energy, driven by low equipment costs and government support, is beginning to slow down. Some […]

Climate poses ‘high risk’ to Asia-Pacific real estate assets, XDI report warns 

A report published by climate risk consultancy XDI has issued a warning, revealing that nearly one in ten properties owned by leading real estate investment trusts (REITs) in the […]

Swiss lawmakers dismiss European court’s climate change allegation 

A Swiss parliamentary committee rejected an allegation against them by a top European court. The court had said that Switzerland violated the human rights of […]

Investor group calls on policymakers to build a ‘green and competitive UK’ 

The Institutional Investors Group on Climate Change (IIGCC) listed several investor priorities for the UK’s next government to unlock investment and deliver a “green and competitive UK”.  […]

Oil shipment and port infrastructures at risk due to rising sea levels 

A report by China Water Risk (CWR) revealed, “instead of providing energy security, oil now threatens it.” It says melting ice and swelling seas caused by rising temperatures could […]

Challenges in transmission lines hinder Australia’s shift towards renewables 

Australia’s energy transition plans have been challenged by the delays in installing transmission lines tied to wind and solar farms. As a result, the country […]

Ford supports Biden administration’s environmental rules to cut vehicle emissions 

Ford Motor Co. rejected Republican arguments that the new climate rules are harmful to businesses as it said it backs the Biden administration’s efforts to […]

US regulatory body investigates malpractice in the voluntary carbon market 

A commissioner at the US regulator informed that The Commodity Futures Trading Commission (CFTC), a US regulatory body, is investigating greenwashing as part of its effort […]

PAG raises $550 million for renewable energy fund 

PAG, an Asia-Pacific investment firm, said it had raised $550 million for its first renewable energy fund. The fund would be used to invest in physical assets […]

Kobe Steel announces the possibility of building new electric arc furnace to accelerate decarbonization 

Kobe Steel, the Japanese steelmaking company, said it will consider building a new large electric arc furnace to reduce carbon dioxide emissions. The new furnace would […]

Private equity group proposes ‘green iron’ processing facility in Australia 

Quinbrook Infrastructure Partners, a private equity group, has proposed working on a new iron ore mine and a ‘green iron’ processing facility in Australia’s Queensland. […]

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