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Sunayana Thawait
246 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).
VH Global Sustainable Energy Opportunities PLC, a London-listed investment company, announced the acquisition of a portfolio of seven solar and two wind assets across Europe, […]
Honda Motor plans to start cutting production of gasoline cars in China by 19% from October 2024 as it transitions towards electrification. The Japanese automaker […]
United Nations Secretary-General António Guterres issued a new “global call to action” to protect people from extreme heat just days after the world recorded its […]
China, South Africa, Brazil, and India have renewed their call for wealthier countries to increase climate financing to trillions of dollars annually to expedite the […]
The Prime Minister of the UK and the Energy Secretary announced a new partnership between Great British Energy and The Crown Estate. The collaboration can […]
Singapore’s Energy Market Authority (EMA) and the Maritime and Port Authority (MPA) have announced that they have shortlisted two consortia for the next round of […]
At the Farnborough Airshow, airline executives cautioned that the UK’s initiative to promote green jet fuel must be adopted and expanded globally for the technology […]
Egypt’s Ministry of Electricity and Renewable Energy has unveiled plans to boost the country’s electrical capacity by 750 megawatts, with two renewable energy projects set […]
Beijing Energy International Holding, the investment arm of the Chinese capital city, is open to teaming up with new investors to purchase several solar farms […]
GLIL Infrastructure, a UK-based infrastructure investment fund, and Bluefield Solar Income Fund Limited, an income fund listed on the London Stock Exchange, are preparing to […]
South Africa’s Eskom Holdings SOC Ltd. plans to compete with private power developers by gradually transitioning from coal to cleaner technologies as overall capacity expands […]
South African President Cyril Ramaphosa has enacted a comprehensive climate change law that imposes emission caps on major polluters and mandates that every town and […]
Brazilian meatpacker JBS is supplying animal waste from its international operations to produce sustainable aviation fuel (SAF). It is also exploring a similar initiative in […]
The Institute for Energy Economics and Financial Analysis (IEEFA) reports that achieving Indonesia’s 2030 climate target will require private sector investments in renewable energy amounting […]
PetroChina became the newest signatory of the Oil & Gas Decarbonization Charter (OGDC) by joining over 50 other oil and gas producers committed to reducing […]
Equity firm NGP announced the closing of its sustainable real assets (SRA) with around $500 million of capital commitments from NGP’s dedicated energy transition fund […]
Indonesia, the world’s second-largest coconut producer, is looking to use the fruit in the production of sustainable aviation fuel. In 2023, Indonesia produced 2.8 million […]
Wealthy Australians seeking appealing investment returns are becoming a significant source of capital for coal projects that banks have avoided due to environmental, social, and governance […]
COP29 host Azerbaijan has suggested that continued fossil fuel extraction is compatible with the Paris Agreement. The Azerbaijan presidency recently released 14 non-binding pledges and […]
According to the country’s power minister, Pakistan plans to ask Chinese power plants operating in the country to switch to using coal from Pakistan’s Thar […]
Azerbaijan, the host of this year’s COP29, has announced a package of 14 initiatives as part of the summit’s action agenda. These initiatives aim to […]
According to a new IEA report, global electricity demand has grown at its fastest pace in years, fueled by strong economic growth, intense heat waves, […]
The European Commission announced that it has selected 134 transport projects to invest over €7 billion in EU grants from the Connecting Europe Facility (CEF), […]
More than three-quarters of executives have seen significant or moderate progress towards their sustainability goals in the past year, according to Deloitte’s 2024 “Sustainability Action […]
Germany discontinued more onshore wind farms than it added for the first time after the subsidy program ended. Yet, the country still expanded the capacity […]
Italy’s Terna, the company that manages the Italian national electricity transmission grid, said that renewable sources overtook fossil fuel production for the first time during […]
European asset manager Eurazeo announced that its first infrastructure program has closed with €706 million in aggregate commitments from institutional investors across North America, EMEA, […]
European Union’s 2030 goals for renewable hydrogen production and demand were “overly ambitious”, according to the bloc’s spending watchdog, the European Court of Auditors (ECA). […]
The CEO of Britain’s Octopus Energy said in an interview with Reuters that the company expects to announce new onshore wind projects “fairly soon” after […]
A discussion document on the country’s second emissions reduction plan (2026-30) said New Zealand could miss its 2035 emissions reduction target despite being on track […]
Britain’s HSBC has established a new unit to capitalize on infrastructure and project finance opportunities related to the global transition to a lower-carbon economy. A […]
On the first day of China’s 20th Third Plenum, the country’s top economic planner, the National Development and Reform Commission (NDRC), said it plans to […]
The Asian Infrastructure Investment Bank (AIIB) has signed a $75 million financing contract to support green and blue bonds to be issued by Southeast Asia […]
Supermarket chain Carrefour Market announced that it is partnering with GreenYellow to install and operate photovoltaic power production equipment in around 350 of its hypermarket […]
South Africa’s National Treasury expects as much as $2.4 billion to flow into the country in 2024 from a climate finance pact with some of […]
The European Union has confirmed its collaboration with ChromaWay to develop blockchain-based sustainability solutions, ChromaWay said in a tweet. The partnership involves utilizing the potential […]
German luxury carmaker Mercedes-Benz is considering increasing the assembly of electric vehicles at its Indian plant to achieve cost savings and meet its objectives of […]
44.01, a startup backed by Sam Altman’s Apollo Projects, announced the completion of a $37 million Series A funding round. The startup is developing a […]
South Africa’s Presidential Climate Commission (PCC) has recommended that the country establish a body to guide investment in the energy transition and secure additional funding […]
The European Union plans to urge other nations at this year’s COP29 climate summit to honor their commitments to transition away from fossil fuels, according […]
India’s REC Limited, a financial firm for the power sector, announced that it has secured a 5-year green loan amounting to ¥31.96 billion (around $200 […]
Frontier, an advance market commitment that aims to accelerate the development of carbon removal technology, said it has facilitated another set of direct air capture […]
Verra, a climate action standards and sustainable development company, said it has published a Request for Proposals (REP) for validation/verification bodies (VVBs) to review the […]
Jaguar Land Rover announced that it has joined forces with global tire manufacturer Pirelli in the global automotive industry‐first commitment to use Forest Stewardship Council […]
A Maryland judge dismissed a lawsuit filed by the city of Baltimore against energy giants such as Exxon Mobil, BP, and Chevron. The judge ruled […]
Research by Global Energy Monitor showed nearly two-thirds of the world’s big wind and solar energy production plants are in China. China currently has 339 GW of capacity […]
Amazon announced that all the electricity consumed by its operations, including data centres, corporate buildings, grocery stores, and fulfilment centres, would be matched with 100% […]
Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and sequestration (CCS) infrastructure on facilities across […]
Woodside, a global energy company founded in Australia, has signed a sale and purchase agreement (SPA) with CPC Corporation, Taiwan, for the long-term supply of […]
According to a new analysis published on Carbon Brief, clean energy generated a record-high 44% of China’s electricity in May 2024, pushing coal’s share down […]
Urgewald, a non-profit environmental and human rights organization, in collaboration with 13 partner organizations, released the financial research report “Investing in Climate Chaos,” which sheds […]
In its new environmental and social risk management (ESRM) framework, Citibank pledged to no longer provide project-related financing for oil and gas expansion in Amazonia. Climate […]
Black Bear Energy, a renewable energy company, and Evergrow, a clean energy financing firm, announced their first successful solar tax credit transfer from a Real […]
The New Zealand government announced a new strategy to tackle climate change. As part of the new climate strategy, it plans to build more resilient […]
Divest East Sussex, a campaign group that opposes fossil fuels, has staged a march aiming to “cut the ties between East Sussex County Council and […]
A team of European carbon removal specialists have launched an initiative to assist Indian businesses in developing projects that extract carbon dioxide from the atmosphere […]
UK’s Coal Authority has released a nature recovery plan, seeking to include nature-related credits into its financial models by 2026. The three-year strategy (2024-26) has […]
Australian asset manager HMC Capital announced a $50 million deal to acquire a majority stake in Sydney-based battery project developer Stor-Energy over three years. This […]
Danish solar PV company Obton announced its first joint venture with investment company GSSG Solar. Together, the two firms acquired a portfolio of nine Japanese […]
The Japan Climate Initiative (JCI), a group of companies and NGOs, said the country can triple its renewable capacity and aim to phase out coal […]
Unusually hot summer weather in Tokyo is putting pressure on the city’s power supply, leading the local utility to ask people to use electricity wisely. […]
A report from the Shanghai Stock Exchange revealed that over half of the listed companies have been increasingly prioritizing sustainable development, which is evident from […]
Budweiser’s China unit has reduced its carbon emissions by more than 25%, achieving the target two years ahead of schedule. The beer company is leveraging […]
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 […]
In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Singapore refinery […]
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition […]
The European Bank for reconstruction and Development (EBRD) announced that it is providing $14,635,368 loan to Morocco’s mining sector to help set up its transition […]
Campaigners from the Climate Group’s flagship fleet initiatives, EV100 and EV100+, have urged for an EU-wide mandate to set zero-emission corporate fleet targets for light, […]
Abu Dhabi National Oil Company announced that it has signed a general agreement with the Japan Bank for International Cooperation for a $3 billion green […]
International Airlines Group (IAG), owner of British Airways, said that airlines in Europe will be forced to raise fares to fund the cost of cutting […]
According to WindEurope, securing access to the electricity grid is the number one bottleneck to deploying renewables at scale in Europe. WindEurope’s report added that […]
Carbon offset startup Tree.ly announced that it has secured €5 million Seed investment. PortfoLion Capital Partners led the funding, which also included Gründungsfonds, Symbia VC, and the […]
Google’s annual environment report shows that its greenhouse gas emissions have soared 48% since 2019. The tech giant said “increased data centre energy consumption and […]
AlphaReal, an assets investment manager, recently surveyed UK pension funds and insurers that collectively manage over £350 billion in assets. The survey revealed a strong […]
The federal government of Canada has allocated $39 million to support ten projects in Alberta that aim to help communities transition away from coal-powered energy. […]
According to the IEA’s latest review of US energy policies, the country has made significant strides in recent years in its efforts to ensure a […]
Spanish renewable power developer Zelestra announced that it has added €225 million to its €310 million sustainability-linked loan signed in 2023. The company is looking […]
A New York judge has dismissed a lawsuit filed by a conservative group against city pension funds for their decision to divest billions of dollars […]
Akuo Group announced the opening of a crowdfunding campaign for a portfolio of solar power plants in the Thessaly region of Greece. The group said […]
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 […]
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 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 […]
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 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. […]
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 […]
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 […]
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 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 has welcomed its first shipment of 500,000-litre Sustainable Aviation Fuel (SAF) into Wellington. The airline announced that this is a step towards […]
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 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 […]
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 announced that it has signed an agreement with the Bank of Philippine Islands (BPI). The partnership aims to reduce DHL’s annual greenhouse gas […]
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 […]
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 […]
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 […]
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 announced a new proposal that includes stricter rules for domestic producers of sustainable aviation fuel (SAF) to help cut greenhouse gas (GHG) emissions. It […]
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 […]
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 […]
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, 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 […]
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, […]
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 […]
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 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 […]
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 […]
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, an Italian electricity and natural gas producer and distributor, announced an agreement with Blunova SpA (Carlos Maresca Group) to jointly develop a floating offshore […]
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 […]
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’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 […]
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 […]
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 […]
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 […]
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 […]
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, 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, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority equity investment by Dutch pension fund […]
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 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, 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 will welcome 300 finance executives and international speakers to its largest sustainable finance event, which is scheduled for July 1st and 2nd. Titled […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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’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 […]
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 […]
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 could risk increasing its decarbonization costs by acquiring US Steel. An activist shareholder group has urged the company to consider the takeover’s impact […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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’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 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 energy transition is facing uncertainty due to a notable reduction in climate development finance allocated to the region, a new Lowy Institute […]
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, 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 […]
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 […]
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 […]
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 […]
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 Europe plans to propose a green steel plant at Duisburg. The company aims to switch to direct reduction steelmaking to gradually replace the […]
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 […]
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 […]
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 […]
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 […]
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 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, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, totalling around $592 million in investment. In a […]
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 panel manufacturers are calling for immediate government intervention. They aim to curb investment and foster industry collaboration, to stop the steep decline in […]
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 […]
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 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 […]
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, a clean energy company specializing in solar power solutions, announced that it had secured $38 million in equity investment in a successful funding […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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’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 […]
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 […]
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 […]
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 plans to invest Rs 450 crores ($54 million) over three years in commissioning renewable energy projects related to solar power generation and biogas. […]
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, […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 plans to invest $143 million in developing a research and development facility in Western Australia. It aims to assess further the effectiveness of […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 published an Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA), which identifies the critical threats and vulnerabilities in crimes around the environment that […]
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, 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, 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, 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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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, an Australian mining company, and BHP Group plan on working together to test large battery-operated electric haul truck technology in the Pilbara region […]
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 […]
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 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, 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 […]
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 […]
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, an energy company operating in the UK and US, plans to raise $8.7 billion in capital to finance its $76 billion network spending […]
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 […]
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 […]
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 […]
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, […]
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 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 […]
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 […]
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 […]
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”. […]
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 […]
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 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 […]
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, 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, the Japanese steelmaking company, said it will consider building a new large electric arc furnace to reduce carbon dioxide emissions. The new furnace would […]
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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