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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). 

 

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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