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Sunayana Thawait

275 Articles

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). 

 

Energy Giant Ørsted Shuts Down Its Last Coal-Fired Power Pl...

Ørsted, one of the world’s largest energy companies, announced its plans to shut down its last coal-fired heat and power plant, Es...

43 days ago

2 min read

Australian banks increase efforts to cut carbon footprint, s...

Leading Australian banks are intensifying their efforts to reduce their carbon footprint and align with global climate objectives by scal...

59 days ago

2 min read

China’s Tongwei Co. to acquire majority stake in rival ami...

Tongwei Co., one of China’s leading solar manufacturers, plans to acquire at least 51% of a smaller competitor as consolidation in ...

59 days ago

2 min read

Europe’s top carbon polluters face rising bond interes...

According to a report by the Dutch Central Bank, Europe’s biggest carbon polluters are paying increasingly higher interest rates on...

61 days ago

2 min read

Australia’s pension funds eye returns amid rising natu...

The increasing frequency of natural disasters presents an opportunity for Australia’s largest pension funds to enhance their return...

61 days ago

2 min read

Tokyo Gas acquires 21.2% stake in Portugal’s WindFloat...

Tokyo Gas, Japan’s largest gas provider, announced its acquisition of a 21.2% stake in Portugal’s WindFloat Atlantic operatio...

67 days ago

2 min read

SunPower sells key assets for $45 million to Complete Solari...

SunPower, the US-based solar company, announced it has entered into an asset purchase agreement with Complete Solaria, a solar technology...

67 days ago

2 min read

Asia-Pacific executives propose new climate measures includi...

Asia-Pacific business executives called on emerging countries in the region to issue climate bonds indexed to a basket of currencies. Thi...

68 days ago

2 min read

Australian pension fund fined A$11.3 million for greenwashin...

Australian pension fund Mercer Superannuation Australia Ltd. has been fined A$11.3 million ($7.3 million) for greenwashing, concluding th...

71 days ago

2 min read

AEP’s new CEO outlines diverse energy strategy to meet...

The new chief executive of American Electric Power Co. has indicated that meeting the substantial energy needs of data centers will requi...

71 days ago

2 min read

Gunvor Group and VARO Energy announce joint venture for larg...

Gunvor Group, an independent commodities trading house, announced its plans to join VARO Energy in building a large-scale sustainable avi...

71 days ago

2 min read

New type of carbon credits gain momentum to phase out coal p...

Lenders to power producers are witnessing increasing momentum in developing a new type of carbon credit designed to facilitate the phase-...

72 days ago

2 min read

Societe Generale to acquire 75% stake in energy-focused inve...

Societe Generale, Europe’s financial services group announced its plans to acquire a majority, 75%, stake in Reed Management SAS, an as...

72 days ago

2 min read

JetBlue and World Fuel Services announce first regular suppl...

JetBlue airline and World Fuel Services announced a new commercial agreement to bring the first regular supply of Blended Sustainable Avi...

72 days ago

2 min read

Helios and Gaia raise millions for Africa-focused climate fu...

Helios Investment Partners LLP and Gaia Fund Managers are raising hundreds of millions of dollars for Africa-focused climate funds to cap...

73 days ago

2 min read

Google, PacificLight Energy, and Rexus Bioenergy Partner for...

Google, PacificLight Energy (PLE), and Rexus Bioenergy (RExus) have embarked on a 10-year partnership where PacificLight will purchase re...

73 days ago

2 min read

NatWest Group issues first electric vehicle green bond, rais...

NatWest Group announced that it has issued its inaugural Electric Vehicle Green Bond, raising net proceeds of €750 million from institu...

73 days ago

2 min read

SBTi publishes technical outputs to revise Corporate Net-Zer...

The Science Based Targets Initiative (SBTi) published four technical outputs as an early step in revising the SBTi Corporate Net-Zero Sta...

73 days ago

2 min read

UK boosts renewable power auction budget by 50% to £1.5 bil...

Britain has increased its annual renewable power auction budget by 50% to 1.5 billion pounds (approximately $1.92 billion).  The gov...

73 days ago

2 min read

Indonesian coal companies overlook methane emissions, report...

Unreported methane emissions from coal mines could heighten risks within the coal sector and impede the decarbonization efforts of Indone...

74 days ago

2 min read

Investment firm announces renewable initiative and new wind ...

Investment firm ArcLight Infrastructure Partners announced the launch of SkyVest Renewables, an operating-focused renewable investment in...

74 days ago

2 min read

Wildfire smoke poses greater risk for brain than other air p...

New research reported at the Alzheimer’s Association International Conference in Philadelphia revealed that wildfire smoke may be worse...

74 days ago

2 min read

Financial loss plagues smaller Chinese solar companies amid ...

An increasing number of Chinese solar manufacturers are facing restructuring or bankruptcy due to a worsening oversupply and intense pric...

74 days ago

2 min read

Repsol, Iberia, and Inditex team up to use SAF, advancing de...

Multi-energy company Repsol and Iberia Airlines Group have signed an agreement with Inditex, a global fashion retail group, for the purch...

75 days ago

2 min read

COP29 host launches comprehensive training program to boost ...

To support Azerbaijan’s government agencies in aligning with global climate goals, the COP29 Azerbaijan Operating Company has launched ...

75 days ago

2 min read

Wood Consulting facilitates over €1 billion in clean energ...

Wood Consulting has announced its role in securing over €1 billion in funding for its clients in Europe, facilitating final investment ...

75 days ago

2 min read

Energy operator invests 30% more in electricity grid expansi...

TenneT, an energy operator in the Netherlands and Germany, announced it increased its investment activity in the first six months of 2024...

75 days ago

2 min read

New Zealand Super Fund targets sustainable growth with new e...

New Zealand Super Fund announced its new investment focus within its overall approach to sustainability. The fund investment team is now ...

75 days ago

2 min read

First Street secures $46 million to advance physical climate...

First Street, a provider of physical climate risk data, announced that it has finalized an oversubscribed Series A-1 funding round, raisi...

77 days ago

2 min read

VH Global Sustainable Energy acquires 248.4 MW solar and win...

VH Global Sustainable Energy Opportunities PLC, a London-listed investment company, announced the acquisition of a portfolio of seven sol...

78 days ago

2 min read

Honda to cut gasoline car production in China by 19%  

Honda Motor plans to start cutting production of gasoline cars in China by 19% from October 2024 as it transitions towards electrificatio...

78 days ago

2 min read

UN Chief issues global call to action as world records hotte...

United Nations Secretary-General António Guterres issued a new “global call to action” to protect people from extreme heat j...

78 days ago

2 min read

Emerging economies urge developed countries to boost climate...

China, South Africa, Brazil, and India have renewed their call for wealthier countries to increase climate financing to trillions of doll...

79 days ago

2 min read

UK’s Crown Estate and Great British Energy collaborate to ...

The Prime Minister of the UK and the Energy Secretary announced a new partnership between Great British Energy and The Crown Estate. The ...

79 days ago

2 min read

Singapore shortlists two consortia for low-carbon ammonia po...

Singapore’s Energy Market Authority (EMA) and the Maritime and Port Authority (MPA) have announced that they have shortlisted two c...

79 days ago

2 min read

Airline executives call for global initiatives to promote gr...

At the Farnborough Airshow, airline executives cautioned that the UK’s initiative to promote green jet fuel must be adopted and exp...

79 days ago

2 min read

Egypt to increase electrical capacity with two $700 million ...

Egypt’s Ministry of Electricity and Renewable Energy has unveiled plans to boost the country’s electrical capacity by 750 meg...

80 days ago

2 min read

Beijing Energy International seeks to partner with investors...

Beijing Energy International Holding, the investment arm of the Chinese capital city, is open to teaming up with new investors to purchas...

80 days ago

2 min read

GLIL Infrastructure and Bluefield Solar invest £141 million...

GLIL Infrastructure, a UK-based infrastructure investment fund, and Bluefield Solar Income Fund Limited, an income fund listed on the Lon...

80 days ago

2 min read

Eskom aims for capacity expansion as it plans to transition ...

South Africa’s Eskom Holdings SOC Ltd. plans to compete with private power developers by gradually transitioning from coal to clean...

80 days ago

2 min read

South Africa passes new climate change law to enforce emissi...

South African President Cyril Ramaphosa has enacted a comprehensive climate change law that imposes emission caps on major polluters and ...

80 days ago

2 min read

JBS utilizes animal waste for sustainable aviation fuel, exp...

Brazilian meatpacker JBS is supplying animal waste from its international operations to produce sustainable aviation fuel (SAF). It is al...

81 days ago

2 min read

Indonesia needs $146 billion in private sector investment fo...

The Institute for Energy Economics and Financial Analysis (IEEFA) reports that achieving Indonesia’s 2030 climate target will requi...

81 days ago

2 min read

PetroChina signs Oil & Gas Decarbonization Charter, a CO...

PetroChina became the newest signatory of the Oil & Gas Decarbonization Charter (OGDC) by joining over 50 other oil and gas producers...

81 days ago

2 min read

NGP’s sustainable real assets fund gets $500 million, targ...

Equity firm NGP announced the closing of its sustainable real assets (SRA) with around $500 million of capital commitments from NGP’s d...

81 days ago

2 min read

Indonesia aims for coconut-based sustainable aviation fuel

Indonesia, the world’s second-largest coconut producer, is looking to use the fruit in the production of sustainable aviation fuel....

82 days ago

2 min read

Private loans from wealthy Australians increase in coal proj...

Wealthy Australians seeking appealing investment returns are becoming a significant source of capital for coal projects that banks have a...

82 days ago

2 min read

COP29 Host suggests fossil fuels can align with Paris Climat...

COP29 host Azerbaijan has suggested that continued fossil fuel extraction is compatible with the Paris Agreement.  The Azerbaijan pr...

82 days ago

2 min read

Pakistan to urge Chinese power plants to switch to local coa...

According to the country’s power minister, Pakistan plans to ask Chinese power plants operating in the country to switch to using c...

82 days ago

2 min read

Azerbaijan releases 14 initiatives for COP29’s Action ...

Azerbaijan, the host of this year’s COP29, has announced a package of 14 initiatives as part of the summit’s action agenda. These ini...

82 days ago

3 min read

Renewables soar as global electricity demand climbs, says IE...

According to a new IEA report, global electricity demand has grown at its fastest pace in years, fueled by strong economic growth, intens...

85 days ago

2 min read

EU commits €7 billion for sustainable, safe and smart tran...

The European Commission announced that it has selected 134 transport projects to invest over €7 billion in EU grants from the Connectin...

85 days ago

2 min read

New report highlights significant progress in corporate sust...

More than three-quarters of executives have seen significant or moderate progress towards their sustainability goals in the past year, ac...

85 days ago

2 min read

Germany sees more onshore wind farms discontinued than added...

Germany discontinued more onshore wind farms than it added for the first time after the subsidy program ended. Yet, the country still exp...

85 days ago

2 min read

Renewables surpass fossil fuels in Italy for the first half ...

Italy’s Terna, the company that manages the Italian national electricity transmission grid, said that renewable sources overtook fossil...

85 days ago

2 min read

Asset manager Eurazeo’s first transition infrastructur...

European asset manager Eurazeo announced that its first infrastructure program has closed with €706 million in aggregate commitments fr...

87 days ago

2 min read

EU’s 2030 renewable hydrogen goals deemed “overl...

European Union’s 2030 goals for renewable hydrogen production and demand were “overly ambitious”, according to the bloc...

87 days ago

2 min read

Octopus Energy expects new onshore wind projects following t...

The CEO of Britain’s Octopus Energy said in an interview with Reuters that the company expects to announce new onshore wind project...

87 days ago

2 min read

New Zealand’s 2035 emissions target at risk despite sh...

A discussion document on the country’s second emissions reduction plan (2026-30) said New Zealand could miss its 2035 emissions red...

87 days ago

2 min read

HSBC inaugurates new climate-focused infrastructure finance ...

Britain’s HSBC has established a new unit to capitalize on infrastructure and project finance opportunities related to the global t...

88 days ago

2 min read

China to test run carbon reduction technologies at coal-fire...

On the first day of China’s 20th Third Plenum, the country’s top economic planner, the National Development and Reform Commis...

88 days ago

2 min read

AIIB provides funding worth $75 million to a Vietnamese bank...

The Asian Infrastructure Investment Bank (AIIB) has signed a $75 million financing contract to support green and blue bonds to be issued ...

88 days ago

2 min read

Supermarket chain partners with energy transition firm to ad...

Supermarket chain Carrefour Market announced that it is partnering with GreenYellow to install and operate photovoltaic power production ...

88 days ago

2 min read

South Africa eyes $2.4 billion from climate pact in 2024 

South Africa’s National Treasury expects as much as $2.4 billion to flow into the country in 2024 from a climate finance pact with ...

88 days ago

2 min read

EU partners with ChromaWay to develop blockchain sustainabil...

The European Union has confirmed its collaboration with ChromaWay to develop blockchain-based sustainability solutions, ChromaWay said in...

89 days ago

2 min read

Mercedes-Benz plans to increase EV assembly in India for cos...

German luxury carmaker Mercedes-Benz is considering increasing the assembly of electric vehicles at its Indian plant to achieve cost savi...

89 days ago

2 min read

Sam Altman-backed carbon storage startup receives funding wo...

44.01, a startup backed by Sam Altman’s Apollo Projects, announced the completion of a $37 million Series A funding round. The star...

89 days ago

2 min read

South Africa Climate Commission proposes new body for energy...

South Africa’s Presidential Climate Commission (PCC) has recommended that the country establish a body to guide investment in the e...

89 days ago

2 min read

EU to call for global transition from fossil fuel at COP29 S...

The European Union plans to urge other nations at this year’s COP29 climate summit to honor their commitments to transition away fr...

89 days ago

2 min read

India’s REC avails green loan facility worth $200 mill...

India’s REC Limited, a financial firm for the power sector, announced that it has secured a 5-year green loan amounting to ¥31.96 ...

92 days ago

2 min read

Frontier secures $40 million DAC offtake agreement with 280 ...

Frontier, an advance market commitment that aims to accelerate the development of carbon removal technology, said it has facilitated anot...

92 days ago

2 min read

Verra calls for validation of new methodology to fast-track ...

Verra, a climate action standards and sustainable development company, said it has published a Request for Proposals (REP) for validation...

92 days ago

2 min read

Jaguar Land Rover partners with Pirelli to roll out FSC-cert...

Jaguar Land Rover announced that it has joined forces with global tire manufacturer Pirelli in the global automotive industry‐first com...

92 days ago

2 min read

US court dismisses Baltimore’s climate lawsuit against...

A Maryland judge dismissed a lawsuit filed by the city of Baltimore against energy giants such as Exxon Mobil, BP, and Chevron. The judge...

92 days ago

2 min read

China leads global renewable energy surge with two-thirds of...

Research by Global Energy Monitor showed nearly two-thirds of the world’s big wind and solar energy production plants are in ...

93 days ago

2 min read

Amazon achieves 100% renewable energy consumption goal 

Amazon announced that all the electricity consumed by its operations, including data centres, corporate buildings, grocery stores, and fu...

93 days ago

2 min read

Strathcona Resources partners with Canada Growth Fund to adv...

Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and se...

93 days ago

2 min read

Woodside and Taiwan state-owned oil firm sign agreement for ...

Woodside, a global energy company founded in Australia, has signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan, for ...

93 days ago

2 min read

China’s coal generation hits record low in May as rene...

According to a new analysis published on Carbon Brief, clean energy generated a record-high 44% of China’s electricity in May 2024,...

93 days ago

2 min read

Report reveals massive institutional investments in fossil f...

Urgewald, a non-profit environmental and human rights organization, in collaboration with 13 partner organizations, released the financia...

94 days ago

2 min read

Citibank pledges to halt project-related financing for oil a...

In its new environmental and social risk management (ESRM) framework, Citibank pledged to no longer provide project-related financing f...

94 days ago

2 min read

Black Bear Energy, Evergrow announces first successful solar...

Black Bear Energy, a renewable energy company, and Evergrow, a clean energy financing firm, announced their first successful solar tax cr...

94 days ago

2 min read

New Zealand releases new climate strategy  

The New Zealand government announced a new strategy to tackle climate change.   As part of the new climate strategy, it plans t...

94 days ago

2 min read

Campaigners stage march to cut its Council ties with Big Oil...

Divest East Sussex, a campaign group that opposes fossil fuels, has staged a march aiming to “cut the ties between East Sussex Coun...

95 days ago

2 min read

European specialists launch initiative to aid Indian carbon ...

A team of European carbon removal specialists have launched an initiative to assist Indian businesses in developing projects that extract...

95 days ago

2 min read

UK’s Coal Authority releases Nature Recovery Plan for 2024...

UK’s Coal Authority has released a nature recovery plan, seeking to include nature-related credits into its financial models by 2026.&n...

95 days ago

2 min read

HMC Capital acquires majority stake in Stor-Energy for $50 m...

Australian asset manager HMC Capital announced a $50 million deal to acquire a majority stake in Sydney-based battery project developer S...

95 days ago

2 min read

Obton partners with investment manager to acquire a 117 MW p...

Danish solar PV company Obton announced its first joint venture with investment company GSSG Solar. Together, the two firms acquired a po...

95 days ago

2 min read

Climate collective calls for Japan’s ambitious transition ...

The Japan Climate Initiative (JCI), a group of companies and NGOs, said the country can triple its renewable capacity and aim to phase ou...

96 days ago

2 min read

Tokyo grapples with power strain amid scorching summer heat...

Unusually hot summer weather in Tokyo is putting pressure on the city’s power supply, leading the local utility to ask people to us...

96 days ago

2 min read

Shanghai Stock Exchange reports surge in ESG disclosure by l...

A report from the Shanghai Stock Exchange revealed that over half of the listed companies have been increasingly prioritizing sustainable...

96 days ago

2 min read

Budweiser Brewing achieves 25% carbon emission reduction in ...

Budweiser’s China unit has reduced its carbon emissions by more than 25%, achieving the target two years ahead of schedule. The beer co...

96 days ago

2 min read

Germany to launch tender for 12.5 GW hydrogen-ready gas powe...

Germany said it plans to launch the first tender for the construction and modernization of 12.5 GW of gas power plants that can switch to...

96 days ago

2 min read

Shell faces $2 billion impairment charge following asset sal...

In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Sing...

99 days ago

2 min read

EU approves €10.82 billion plan for French offshore wind f...

The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It ...

99 days ago

2 min read

EBRD loans over $14 million to Moroccan mining sector for it...

The European Bank for reconstruction and Development (EBRD) announced that it is providing $14,635,368 loan to Morocco’s mining sector ...

99 days ago

2 min read

Climate group urges an EU-wide mandate for zero-emission cor...

Campaigners from the Climate Group’s flagship fleet initiatives, EV100 and EV100+, have urged for an EU-wide mandate to set zero-emissi...

99 days ago

2 min read

Abu Dhabi’s oil company partners with Japanese bank fo...

Abu Dhabi National Oil Company announced that it has signed a general agreement with the Japan Bank for International Cooperation for a $...

99 days ago

2 min read

IAG warns of higher airfares to fund carbon emission reducti...

International Airlines Group (IAG), owner of British Airways, said that airlines in Europe will be forced to raise fares to fund the cost...

99 days ago

2 min read

Report highlights grid access as top obstacle for Europe’s...

According to WindEurope, securing access to the electricity grid is the number one bottleneck to deploying renewables at scale in Europe....

99 days ago

2 min read

Startup raises €5M seed for European carbon offset project...

Carbon offset startup Tree.ly announced that it has secured €5 million Seed investment. PortfoLion Capital Partners led the funding, ...

100 days ago

2 min read

Google reports a 48% surge in greenhouse gas emissions due t...

Google’s annual environment report shows that its greenhouse gas emissions have soared 48% since 2019. The tech giant said “i...

100 days ago

2 min read

UK Pension funds prefer diversified renewable energy investm...

AlphaReal, an assets investment manager, recently surveyed UK pension funds and insurers that collectively manage over £350 billion in a...

100 days ago

2 min read

Canada announces $39 million for communities hit by job loss...

The federal government of Canada has allocated $39 million to support ten projects in Alberta that aim to help communities transition awa...

100 days ago

2 min read

US achieves surge in clean energy investments, says IEA revi...

According to the IEA’s latest review of US energy policies, the country has made significant strides in recent years in its efforts...

100 days ago

2 min read

Spain’s Zelestra secures additional €225 million for...

Spanish renewable power developer Zelestra announced that it has added €225 million to its €310 million sustainability-linked loan si...

100 days ago

2 min read

New York court dismisses lawsuit challenging NYC Pension Fun...

A New York judge has dismissed a lawsuit filed by a conservative group against city pension funds for their decision to divest billions o...

100 days ago

2 min read

European citizens invited to invest in the Greek solar energ...

Akuo Group announced the opening of a crowdfunding campaign for a portfolio of solar power plants in the Thessaly region of Greece. The g...

100 days ago

2 min read

Nippon Steel and Sumitomo renew contract with Equinor to sup...

Japan’s largest steelmaker, Nippon Steel and trading house, Sumitomo Corp, announced that they have renewed a long-term contract ...

101 days ago

2 min read

NGOs call for the exclusion of carbon offsets from corporate...

In a new critique of the voluntary carbon market, over 80 non-governmental organizations have urged corporations to exclude carbon offset...

101 days ago

2 min read

Genex secures $107 million funding for its solar assets in A...

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

101 days ago

2 min read

Ineos Energy CEO criticizes UK oil and gas policies, priorit...

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

101 days ago

2 min read

Redflow and Stanwell partner to boost Queensland’s ene...

Redflow Limited, a clean energy storage company, announced it had signed a Memorandum of Understanding (MoU) with one of Queensland’...

101 days ago

2 min read

China inaugurates country’s first technical centre for...

The Civil Aviation Authority of China (CAAC) launched the country’s first technical centre for sustainable aviation fuel (SAF). The...

101 days ago

2 min read

EU approves €3 billion Swedish CCS Scheme to combat biogen...

The European Commission has sanctioned a €3 billion Swedish initiative under EU State aid regulations to support carbon capture and sto...

101 days ago

2 min read

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.   ...

102 days ago

2 min read

Shell halts construction at its biofuel plant amid market ch...

Shell announced that it plans to temporarily pause on-site construction work at one of Europe’s largest biofuel plants due to weak mark...

102 days ago

2 min read

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 t...

102 days ago

2 min read

Asset manager AEW leads in adopting FCA Sustainability Impac...

AEW, the real estate investment and asset manager, announced that it will be one of the first asset managers to adopt FCA Sustainability ...

102 days ago

2 min read

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...

102 days ago

2 min read

Renewable energy start-up Xurya raises $55 million in invest...

Xurya, a renewable energy company providing rooftop solar rentals with no upfront costs in Indonesia, has announced securing an additiona...

102 days ago

2 min read

DHL Express partners with Bank of Philippine Islands for sus...

DHL Express announced that it has signed an agreement with the Bank of Philippine Islands (BPI). The partnership aims to reduce DHL’...

103 days ago

2 min read

Eco-gamers launch online video game to target asset manageme...

A team of eco-gamers known as Serious People has developed a video game titled “Asset Manager Quest” to encourage investment ...

103 days ago

2 min read

ARENA approves $143 million for 370 community batteries acro...

The Australian Renewable Energy Agency (ARENA) announced that it has conditionally approved up to $143 million to support the deployment ...

103 days ago

2 min read

Malaysian bank under fire for financing Vietnamese coal plan...

While Malaysia commits to phasing out coal power domestically, a Malaysian government-owned development bank has agreed to finance the So...

103 days ago

2 min read

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

For the first time this year, the price of offshore wind power in China will fall below that of coal-generated electricity. The governmen...

106 days ago

2 min read

Japan proposes stricter SAF regulations to slash aviation em...

Japan announced a new proposal that includes stricter rules for domestic producers of sustainable aviation fuel (SAF) to help cut greenho...

106 days ago

2 min read

Climate Bonds Initiative partners with UNEP FI and PRI to ad...

The Climate Bonds Initiative (CBI) announced a collaboration with the UNEP Finance Initiative and Principles for Responsible Investment t...

106 days ago

2 min read

Capital cities swelter as days above 35°C jump 52% since 19...

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 [&hell...

106 days ago

2 min read

ERM offers new guidelines for investing in Nature Climate So...

The ERM Sustainability Institute launched a new guide to help corporate investors and financial institutions understand how and why to ...

106 days ago

2 min read

IDB Invest launches first private sector bond for Amazon rai...

IDB Invest, the private sector arm of the Inter-American Development Bank Group, has issued the IDB Group’s first private sector bo...

106 days ago

2 min read

Positive results for JERA’s ammonia co-firing trial at...

JERA, a Japanese power generator, announced the successful conclusion of a three-month trial at its Hekinan Thermal Power Station in Cent...

106 days ago

2 min read

Singapore’s Renewable Energy Investor Acquires Rānui Gene...

SC Oscar, the Singapore-based renewable energy investor, acquired New Zealand renewables developer Rānui Generation for an undisclosed a...

107 days ago

2 min read

Carbon removal market poised for explosive growth with prope...

A report by management consultancy Oliver Wyman reveals that if barriers to growth are addressed, the global market for CO2 removal credi...

107 days ago

2 min read

Korean Air expands cargo SAF program in partnership with CEV...

Korean Air announced that it will expand its cargo sustainable aviation fuel (SAF) program by partnering with global logistics company CE...

107 days ago

2 min read

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 ph...

107 days ago

2 min read

New report reveals surge in climate litigation against pollu...

A new report from LSE’s Graham Research Institute on Climate Change and the Environment shows that companies accused of misrepresen...

107 days ago

2 min read

Edison partners with Blunova for floating offshore wind proj...

Edison, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) t...

107 days ago

2 min read

United Airlines chief emphasizes oil industry cooperation in...

Lauren Riley, chief sustainability officer for United Airlines, the third largest airline in the US, said in an interview with the Financ...

108 days ago

2 min read

ICMA releases new resources on green enabling projects and s...

The International Capital Market Association (ICMA) released new materials to support green enabling projects and guidelines for sustaina...

108 days ago

2 min read

Australia stresses batteries’ crucial role amid plans ...

Australia’s largest electricity grid identifies household batteries as crucial, requiring A$122 billion ($81 billion) annually to r...

108 days ago

2 min read

Evri invests £19 million to boost electric cargo bike rollo...

To accelerate its commitment to sustainability, Evri, a UK-based parcel delivery company, announced an investment worth £19 million. Thi...

108 days ago

2 min read

Report highlights benefits of early retirement of Chinese fi...

A new policy brief by the Boston University Global Development Policy Center said the early retirement of overseas coal plants would brin...

108 days ago

2 min read

EU backs 650-billion-euro plan through climate financing ini...

A European Union informed that a group of 112 cities aiming to eliminate their net greenhouse gas emissions by 2030 would need 650 billio...

108 days ago

2 min read

South Africa risks $9.3 billion climate finance pact over de...

A panel appointed by South Africa’s environment minister said the country is risking a $9.3 billion climate finance pact by delayin...

109 days ago

2 min read

ECB may take “remedial action” against firms fai...

The European Central Bank (ECB) plans to set emissions reduction targets for the corporate sector portfolios in the asset purchase progra...

109 days ago

2 min read

ExxonMobil partners with Air Liquide to advance the largest ...

ExxonMobil, an international energy and petrochemical company, and Air Liquide announced an agreement to support the production of low-ca...

109 days ago

2 min read

Doral Renewables secures $400 million investment from Dutch ...

Doral Renewables, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority e...

109 days ago

2 min read

Second High-Level Dialogue on clean energy financing held ah...

The second round of the High-Level Energy Transition Dialogues, a preparatory event for the upcoming COP29 climate change conference in B...

109 days ago

2 min read

Australia’s first CIS auction attracts 40 GW of new re...

Australia’s inaugural National Capacity Investment Scheme (CIS) auction has attracted significant interest. Investors propose 40 GW...

110 days ago

2 min read

Climate Arc urges investors to target high-emitting sectors ...

Climate Arc, a nonprofit providing guidance, data and funding to promote green investments, argues that climate investors must target the...

110 days ago

2 min read

Hong Kong gears up to host largest Asia-focused sustainable ...

Hong Kong will welcome 300 finance executives and international speakers to its largest sustainable finance event, which is scheduled for...

110 days ago

2 min read

Greenpeace report highlights climate risks in Chinese asset ...

According to a new Greenpeace report, major Chinese asset managers have billions of dollars invested in fossil fuels and have no plans to...

110 days ago

2 min read

Global coalition urges governments to boost climate ambition...

Several of the world’s largest companies, financial institutions, cities, and regions have united to urge governments to enhance th...

110 days ago

2 min read

SENCO announces €20 million investment in Strohm’s t...

SENCO Hydrogen Capital, a private equity firm specializing in investments in hydrogen and energy-in-transition spaces, announced a € 20...

113 days ago

2 min read

ADB invests $50 million in Actis Fund to accelerate clean en...

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

113 days ago

2 min read

E-fuels offer a long-term solution for key transport sectors...

According to a report by Wood Mackenzie (WoodMac), e-fuels could provide a solution for powering essential transportation sectors like sh...

113 days ago

2 min read

World Bank warns against rising global gas flaring, calls fo...

Recent satellite data gathered by the World Bank shows the amount of gas flared worldwide has increased, marking its highest level since ...

113 days ago

2 min read

Climate lawsuit against Italy’s Eni delayed due to jurisdi...

A decision on a lawsuit filed by Greenpeace and ReCommon against Italy’s Eni, an energy group, for its role in contributing to clim...

113 days ago

2 min read

IMF approves $786.2 million for Tanzania’s climate ref...

IMF’s executive board approved Tanzania’s request for funding worth $786.2 million under the Resilience and Sustainability Fa...

113 days ago

2 min read

Government intervention aims to stabilize China’s sola...

China’s government has pledged to support struggling solar manufacturers by guiding capacity expansions and preventing redundant in...

114 days ago

2 min read

UK Supreme Court rules in favour of environmental activists ...

The UK Supreme Court ruled that local authorities should have considered the long-term climate impact of onshore oil wells when granting ...

114 days ago

2 min read

Nippon Steel’s US Steel acquisition raises decarboniza...

Nippon Steel could risk increasing its decarbonization costs by acquiring US Steel. An activist shareholder group has urged the company t...

114 days ago

2 min read

Amsterdam’s Cawa secures €500K to boost transparent carb...

Cawa, an API infrastructure enabling carbon accounting and ESG platforms to sell transparent, high-quality carbon credits, announced that...

114 days ago

2 min read

Wilder Carbon introduces the world’s first “buff...

UK-based carbon standard Wilder Carbon and specialist carbon insurance company Kita announced the world’s first “Buffer Insur...

114 days ago

2 min read

CDB’s President calls for urgent funding to protect Ca...

The acting President of the Caribbean Development Bank urged prompt action to secure the financing of initiatives to safeguard the region...

114 days ago

2 min read

Report highlights the urgent need for improved climate risk ...

A new report by Ceres examines companies’ disclosures under the National Association of Insurance Commissioner’s Climate Risk...

115 days ago

2 min read

Sineng Electrical partners with Chinese state-owned DEC Inte...

Sineng Electric announced it is forming a strategic partnership with DEC International, a Chinese state-owned power equipment manufacture...

115 days ago

2 min read

Canada’s proposed oil and gas emissions cap likely to ...

A recent report by Deloitte Canada, commissioned by the Alberta government, shows that the proposed federal oil and gas emissions cap wou...

115 days ago

2 min read

Companies adopting 1.5°C-aligned climate transition plans j...

Data released by CDP shows the number of companies disclosing they have 1.5 °C-aligned climate transition plans has jumped by around 44%...

115 days ago

2 min read

Microsoft to receive 8 million carbon credits from investmen...

BTG Pactual Timberland Investment Group, a Latin American investment bank, is planning to execute a carbon offset credit transaction with...

115 days ago

2 min read

Mizuho Financial Group partners with asset management firms ...

Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier have signed a...

116 days ago

2 min read

Asset management firm to invest $267 million in Spanish meth...

White Summit Capital, an investor and asset manager in sustainable energy infrastructure, will invest 250 million euros ($267 million) in...

116 days ago

2 min read

Transitioning coal plants to renewables in emerging economie...

A recent report by the Institute for Energy Economics and Financial Analysis shows that over 800 coal power stations in emerging economie...

116 days ago

2 min read

Spain calls for stronger support in Europe’s green tech ra...

Spain’s climate and energy minister, Teresa Ribera, a leading candidate for the EU’s next head of green policies, emphasized ...

117 days ago

2 min read

BNP Paribas and Bank of Korea cut ties with Santos’ Ba...

BNP Paribas and The Export-Import Bank of Korea, two major international banks, have ended their financial support for Santos’ Baro...

117 days ago

2 min read

Southeast Asia’s green transition at risk due to drop ...

Southeast Asia’s green energy transition is facing uncertainty due to a notable reduction in climate development finance allocated ...

117 days ago

2 min read

New Zealand’s 2024 budget cuts climate initiatives, sh...

According to a report from Climate Venture Capital Fund, New Zealand’s new coalition government slashed several major climate initi...

117 days ago

2 min read

Essar Group announces $3.6 billion investment in green hydro...

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 plan...

117 days ago

2 min read

Philippines suspends new green energy applications to revamp...

The Philippines plans to temporarily halt the processing of new applications for renewable energy projects as it overhauls regulations. T...

120 days ago

2 min read

SA explores private investment in transmission capacity to t...

The head of a South African government office responsible for auction rounds for state-provided renewable energy stated that establishing...

120 days ago

2 min read

UK to announce clean energy funding and AI developments at G...

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

120 days ago

2 min read

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

The World Bank has appointed HSBC to structure a new outcome bond aimed at addressing reforestation efforts in the Brazilian Amazon. This...

120 days ago

2 min read

ThyssenKrupp Steel to present green steel plant proposals in...

ThyssenKrupp Steel Europe plans to propose a green steel plant at Duisburg. The company aims to switch to direct reduction steelmaking to...

120 days ago

2 min read

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 the...

121 days ago

2 min read

Report finds lower value-chain emissions for US-shipped LNG ...

A research report by Rystand Energy revealed that the value-chain emissions of liquified natural gas (LNG) are lower on average than thos...

121 days ago

2 min read

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 no...

121 days ago

2 min read

UK Green Party pledges fossil fuel divestment for pension an...

If it wins the general election on July 4, the UK’s Green Party has pledged to require non-bank financial institutions, such as pen...

121 days ago

2 min read

Spain leads Europe in solar capacity but faces challenges in...

Recent research by Global Energy Monitor shows Spain has more utility-scale solar capacity in operation (29.5 GW) than any other European...

121 days ago

2 min read

Glencore plans to back Indonesian nickel miner to build batt...

Glencore Plc is set to back Indonesian nickel miner PT Ceria Nugraha Indotama to build a battery metal plant ahead of the mining company&...

122 days ago

2 min read

Vesper Energy secures $592 million investment for Hornet Sol...

Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, totalling aro...

122 days ago

2 min read

World Bank’s new fund to assist climate-affected vulnerabl...

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

122 days ago

2 min read

Chinese solar industry urges government action amid price pl...

Chinese solar panel manufacturers are calling for immediate government intervention. They aim to curb investment and foster industry coll...

122 days ago

2 min read

Netherlands concludes largest offshore wind auction for two ...

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

122 days ago

2 min read

Rising copper prices challenge India’s renewable energ...

Amid escalating copper prices, India’s renewable energy sector faces rising costs and budgeting challenges. In recent months, coppe...

123 days ago

2 min read

Hitachi Energy to invest additional $4.5 billion by 2027, to...

Hitachi Energy plans to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnership by 2027 to acce...

123 days ago

2 min read

US Supreme Court seeks government’s views on lawsuit a...

The US Supreme Court requested President Joe Biden’s administration provide its perspective on Sunoco and other oil companies’...

123 days ago

2 min read

Candi Solar lands $38 million in funding to expand clean ene...

Candi Solar, a clean energy company specializing in solar power solutions, announced that it had secured $38 million in equity investment...

123 days ago

2 min read

ESG funds and sustainable investing outperform traditional f...

Environmental, social, and governance (ESG) investing surged in popularity among investors and the public from 2017 to 2022 but has recen...

124 days ago

2 min read

New proposal could set international standards for coal fina...

Some of the world’s major economies are planning to finalize a plan to halt new private-sector funding for coal projects ahead of t...

124 days ago

2 min read

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 hydroge...

124 days ago

2 min read

Hong Kong may mandate green taxonomy for banks to enhance su...

The Hong Kong Monetary Authority, the country’s central banking institution, is planning to make its green taxonomy framework manda...

124 days ago

2 min read

Adani Green Energy plans to invest over $1 billion in Sri La...

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...

124 days ago

2 min read

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...

124 days ago

2 min read

States urge property insurance companies to consider climate...

California, Florida, and Louisiana homeowners are finding it nearly impossible to find an insurance company that will cover their propert...

127 days ago

2 min read

Australia renewables investment needs faster growth to meet ...

According to a report by the Clean Energy Council, investment in major renewable energy projects in Australia bounced back in the first q...

127 days ago

2 min read

US Senate panel discuss climate as a cause of rising insuran...

In a hearing, the US Senate Budget Committee addressed the causes of the insurance crisis affecting homeowners nationwide. Democrats argu...

127 days ago

2 min read

Sri Lanka enacts law to boost renewable energy investment, r...

Sri Lanka’s parliament passed a law aimed at boosting investment in renewable energy. This legislation is part of the country’...

127 days ago

2 min read

Renewable energy, power transmission to drive India’s ...

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

127 days ago

2 min read

Sol Systems secures $85 million debt investment from Macquar...

Macquarie Asset Management and Sol Systems have announced an $85 million debt investment to support the construction and operation of fiv...

128 days ago

2 min read

CIF backs Philippines with $500 million investment plan for ...

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

128 days ago

2 min read

Maruti Suzuki commits around $54 million to renewable projec...

Maruti Suzuki plans to invest Rs 450 crores ($54 million) over three years in commissioning renewable energy projects related to solar po...

128 days ago

2 min read

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 o...

128 days ago

2 min read

Former finance chiefs demand the inclusion of climate change...

A group of notable former finance ministers and central bankers from emerging markets is urging global leaders to consider external shock...

128 days ago

2 min read