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Coal dependency soars in Indonesia and Philippines, surpassing Poland in 2023
According to data from energy think tank Ember, the Philippines has entered the top ten list of economies most reliant…
China’s offshore wind power costs set to undercut coal power price
For the first time this year, the price of offshore wind power in China will fall below that of coal-generated…
Positive results for JERA’s ammonia co-firing trial at Japan’s coal power plant
JERA, a Japanese power generator, announced the successful conclusion of a three-month trial at its Hekinan Thermal Power Station in…
Korean Air expands cargo SAF program in partnership with CEVA Logistics
Korean Air announced that it will expand its cargo sustainable aviation fuel (SAF) program by partnering with global logistics company…
Recurrent Energy signs $103 million agreement with Bank…
Recurrent Energy, a developer, owner, and operator of solar and energy storage assets, announced that it had completed signing a $103 million tax credit facilitation…
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 Central Japan. In this trial,…
Report highlights impact of $100 billion carbon market…
BeZero Carbon, a global carbon credit ratings agency, published a report outlining the transformative potential of a $100 billion carbon market expected to emerge over…
EU proposes a framework to resolve funding disputes…
A document seen by Reuters showed that the European Union (EU) will outline guidelines for its member states to jointly develop large-scale renewable energy projects.…
O.C.O Technology and Petronor collaborate to build €20…
O.C.O Technology announced that it had entered a joint venture partnership with Petronor to build a €20 million facility in the Port of Bilbao, which…
EU backs 650-billion-euro plan through climate financing initiative
A European Union informed that a group of 112 cities aiming to eliminate their net greenhouse gas emissions by 2030 would need 650 billion euros…
Investors to start talks with companies to drive…
Over 200 investors have proposed a plan to initiate discussions with 60 companies about biodiversity. The focus will be on companies operating in countries where…
Germany likely to phase-out coal power plants before…
Germany’s climate envoy stated on Monday that the country is expected to shut down its coal-fired power stations earlier than the mandated 2038 deadline due…
Rolls-Royce innovates with consortium on next-gen hydrogen engine…
Rolls-Royce Power Systems, a subsidiary of Rolls-Royce Holdings, is working with a consortium of five companies on developing the technologies required for a “highly efficient…
Global coalition urges governments to boost climate ambitions…
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…
Synhelion launches world’s first solar-powered synthetic fuel plant
According to a press release, Synhelion, a clean energy company, inaugurated the world’s first industrial-scale plant to make synthetic fuels using solar heat. Named DAWN…
Frontier secures $48.6 million offtake agreements with Stockholm…
In a press release, Frontier announced that it had facilitated offtake agreements with Stockholm Exergi, marking the initiation of Europe’s foremost commercial-scale carbon removal retrofit…
CDB’s President calls for urgent funding to protect…
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…
EU regulators push for revisions in landmark ESG…
Regulators overseeing the markets, banking, and insurance sectors urged the European Commission in their joint ESA opinion document on Tuesday to revise the Sustainable Finance…
Transitioning coal plants to renewables in emerging economies…
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…
African, Inter-American Development bank leaders seek $20 billion…
Leaders of the African and Inter-American Development Banks are touring North America, the Middle East, Korea, and Brazil to secure $20 billion in IMF reserve…
Global oil demand to peak by 2029, IEA…
According to the International Energy Agency (IEA), global oil demand is expected to reach its highest point by 2029 and then start decreasing the following…
UBS hosts first-ever biodiversity-centric ESG conference
UBS Group AG recently organized its first-ever conference centred on the ESG aspect of biodiversity, indicating its aspirations to expand into a business sector previously…
World’s largest carmakers to face $7.6 billion lawsuits…
The world’s largest carmakers are currently facing 1.5 million lawsuits in Britain, accusing them of manipulating emissions tests. The estimated cost could reach 6 billion…
Analysts predict an uphill battle for EU climate…
The shift towards right-leaning parties in the European Parliament is expected to hinder the passage of ambitious EU climate policies. However, analysts, officials, and lawmakers…
New Zealand plans to lift oil, gas exploration…
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. …
Riding the wave to ‘Awaken New Depths’: Renewable…
Our oceans, covering over 70% of the Earth’s surface, are fundamental to global ecological stability. However, due to humans’ anthropocentric perspective, oceans face many threats.…
US solar industry races to deploy stockpiled panels…
As the two-year US tariff break on solar panels from Southeast Asia ends, American project developers must now swiftly deploy the large stockpile of duty-free…
Global clean energy investment to hit $2 trillion…
The International Energy Agency (IEA) forecasts that global investment in clean energy technology and infrastructure will reach $2 trillion this year, doubling the amount allocated…
European asset managers prepare for ESG fund purge,…
According to a recent analysis, new regulations in Europe will lead to a widespread industry purge as asset managers face limits on attaching ESG labels…
Carbon removal must quadruple to hit climate targets,…
According to a report by researchers released on Wednesday, to achieve global climate goals, governments must expand afforestation and use advanced technologies to quadruple the…
New analysis shows COP28’s promised global goals to…
According to the International Energy Agency’s analysis released on Tuesday, the combined efforts of countries would expand renewable energy by 2.2 times by 2030. The…
Waste Management nears $7 billion deal to buy…
Waste Management is close to finalizing a purchase agreement with Stericycle, a medical waste disposal company, for approximately $7 billion, which includes debt. According to…
One of world’s biggest carbon-offset projects withdraws from…
Carbon Green Investments, a company managing offset projects, has announced that it will immediately remove the Kariba forestry project, one of the biggest carbon offset…
EU wind and solar power up by 46%,…
A report by Ember, a think tank, revealed that wind and solar power generation in the European Union increased by 46% from 2019 to 2023.…
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…
NSTDA of Thailand and Asia Carbon Institute Join…
The National Science and Technology Development Agency of Thailand and Asia Carbon Institute signed a Memorandum of Understanding to advance the development of Carbon Credit…
Five upcoming potential offshore wind projects to look…
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…
World Bank approves $1.2 billion budget support for…
The World Bank has approved a $1.2 billion budget support package for Kenya to help the country manage immediate fiscal challenges and accelerate environmental initiatives. …
European Central Bank to impose fines on climate…
In its first-ever move, The European Central Bank is planning to fine several banks for failing to address the impact of climate change. Up to…
Corporate climate watchdog tightens rules for asset managers…
A top authority on corporate climate goals announced it would enforce stricter criteria for financial institutions seeking its endorsement to ensure their short-term objectives better…
EU passes new law which mandates 40% domestic…
The European Union has approved a new law to ensure that 40% of its clean technology, including solar panels and wind turbines, is produced within…
Biden administration set to lay out first-ever broad…
Biden administration, led by Treasury Secretary Janet Yellen, will introduce the first US guidelines for carbon markets this week. This marks a significant step forward…
IEA chief stresses the need to speed up…
Ahead of this year’s COP29 summit, the chief of the International Energy Agency emphasized that global climate talks must focus on increasing clean energy investments…
US lawmakers probe investigation into climate deception by…
US lawmakers lead an inquiry into big oil companies and urge the Justice Department to investigate potential climate deception. Democrats Senator Sheldon Whitehouse and Representative…
‘Be a part of the plan’ echoes as…
Biodiversity, encompassing the variety of all life forms on Earth, is fundamental to sustaining the ecosystems that provide us with food, clean water, air, and…
Banks anxious of growing energy-related risks in mortgage…
Lenders across Europe are struggling with a rising concern about energy consumption in residential mortgage portfolios In Germany, the largest economy in the region, numerous…
Deutsche Bank secures $652 million capital-relief deal with…
Deutsche Bank has entered a deal with the European Investment Bank that enables it to offer discounts on over €600 million ($652 million) worth of…
Japan passes law to boost carbon capture technology
The House of Councilors in Japan passed a permit system for business operators to facilitate the integration of carbon capture storage (CCS) technology into the…
Trump’s presidency could jeopardize $1 trillion in clean…
According to a new analysis by Wood Mackenzie published on Thursday, Donald Trump’s victory in the November 5 presidential election would threaten $1 trillion in…
Microsoft’s AI ambitions threaten to derail carbon neutrality…
Microsoft Corp.’s ambitious pledge to remove more carbon than it emits by 2030 is now at risk due to its aggressive push to lead in…
UK faces funding risk as sustainable finance framework…
Britain’s delay in finalizing its sustainable finance framework is jeopardizing billions of pounds in funding, as per a UK investor association overseeing £19 trillion ($24…
World’s 60 biggest banks financed fossil fuels by…
According to the 15th annual Banking On Climate Chaos (BOCC) report released Monday, banks such as Barclays and HSBC committed $705 billion to fossil fuels…
JPMorgan CEO meets Texas AG amid threats to…
Jamie Dimon, CEO of JPMorgan Chase & Co., met with Texas Attorney General Ken Paxton because Paxton threatened to prevent more banks from assisting the…
US and China aim to work together on…
A two-day climate discussion between the largest emitters of greenhouse gases concluded this week, with plans for the US and China to collaborate on phasing…
Institutional investors with assets worth $1.2 trillion urge…
A group of 24 institutional investors, collectively managing $1.2 trillion in assets, are urging Barclays Plc to cease financing fracking. They argue that Barclays’ recent…
Climeworks opens world’s largest plant to capture CO2…
Climeworks has unveiled the world’s largest operational direct air capture (DAC) plant, the Mammoth plant in Iceland. This plant is nearly ten times larger than…
Solar, wind power pushed renewable energy to a…
According to a report by think tank Ember, in 2023, due to the increased adoption of solar and wind power, renewable energy made up 30%…
US to host China’s climate envoy this week…
The State Department announced that China’s Special Envoy for Climate Change, Liu Zhenmin, will visit Washington on Wednesday and Thursday. This meeting fulfils the Biden…
Berkshire Hathaway shareholders reject six environment, social policy…
During their Saturday meeting, shareholders of Berkshire Hathaway Inc. decisively rejected six proposals related to environmental and social policies at Warren Buffett’s conglomerate. The majority…
US appeals court clears path for $655 million…
On Thursday, a US appeals court overturned a lower court’s decision that halted a land exchange crucial for developers to proceed with constructing a significant…
Confidential report warns Citigroup of billions of loss…
Citigroup could face significant financial losses in its loan portfolio if global efforts to address climate change accelerate, as indicated by a confidential analysis conducted…
G7 reaches agreement to shut down CFPPs by…
Energy ministers from the Group of Seven (G7) major democracies have agreed to close down their coal-fired power plants by the early 2030s, marking a…
World will use 100 million barrels of oil…
TotalEnergies SE Chief Executive Officer Patrick Pouyanne emphasized the importance of preparing for a warmer climate, noting that global oil consumption could still exceed 100…
Europe’s largest carbon capture project underway in Rotterdam…
Amidst the bustling Rotterdam port, engineers have embarked on Europe’s most ambitious endeavor to combat climate change: the construction of a groundbreaking carbon capture and…
Asia Carbon Institute Collaborates with EcoRegistry to Accelerate…
Singapore, 25 April 2024 –Asia Carbon Institute (ACI) is thrilled to announce its strategic partnership with EcoRegistry, a global registry platform known for its scalable…
Japan to rely on seagrass for carbon capture
100 volunteers gathered on a popular beach in the Japanese port city of Yokohama to plant eelgrass in the shallow waters. Originally a local initiative…
Enel raises coupons on $11 billion ESG bonds…
Enel SpA will increase the interest payments on its sustainability-linked bonds following a penalty triggered by its failure to meet greenhouse gas emissions targets in…
California set to conclude investigation into Exxon’s role…
California is nearing the end of a two-year investigation into Exxon and the fossil fuel industry’s involvement in causing global plastic pollution with a decision…
Biden Administration to omit green hydrogen from power…
The Biden administration is expected to exclude green hydrogen from its pivotal plan to curb greenhouse gas emissions in the power sector, Reuters reported citing…
Earth Day 2024: climate is changing our lives
World Earth Day, celebrated annually on April 22, seeks to increase public consciousness surrounding environmental concerns and promote the preservation of our plants. In 2024,…
Leaders gather in Canada to discuss global plastic…
World leaders will convene in the capital of Canada this week to discuss the advancements made in drafting the first global treaty on curbing the…
Explainer: Global leaders assemble in Singapore for Ecosperity’s…
The 10th edition of Ecosperity took place in Singapore between April 15-17, themed “Renewing our vibrant spring”. The conference brought together influential political leaders and…
UN’s Net-Zero Alliance releases ambitious protocol to halve…
The UN-led Net-Zero Asset Owner Alliance launches the fourth edition of its Target-Setting Protocol. Covering most major asset classes for the first time, it will…
Banks wake up as physical risks of climate…
As banks strive to limit global warming to 1.5°C, they face increasing financial risks. With each temperature rise, the threat of economic upheaval grows, challenging…
Climate change to cause $38 trillion losses a…
Climate change is projected to cause annual economic losses totaling $38 trillion by 2049, according to findings from the Potsdam Institute for Climate Impact Research…
Sustainability Economics works with Asia Carbon Institute, of…
Singapore –17 April 2024 –Sustainability Economics, a leading provider of global net-zero solutions, has announced to choose Asia Carbon Institute (ACI) as the standard for…
Azerbaijan to address disagreements on climate finance at…
The Presidency has begun preparations for the upcoming UN climate talks in Baku this November. Officials from Azerbaijan, the host nation, note early disagreements among…
Debt-for-nature swaps could generate $100 billion for climate…
A recent report by the International Institute for Environment and Development (IIED), a UK-based non-profit organization, suggests that debt-for-nature swaps could potentially yield $100 billion…
‘Old Wives’’ win against the Swiss government, explained
In a recent judgment by the European Court of Human Rights (ECtHR) in the case of Verein KlimaSeniorinnen Schweiz and Others v. Switzerland, the Court…
Japan’s greenhouse gas emissions drop to record low
Government data revealed that Japan experienced a 2.5% decline in greenhouse gas emissions, reaching a historic low during the fiscal year ending in March 2023.…
Global coal power surges 2%, China a leading…
The world’s coal-fired power capacity saw a record 2% increase last year, primarily fueled by new constructions in China and delays in decommissioning elsewhere, according…
Origin names Tony Lucas as finance chief amid…
Origin Energy named Tony Lucas as its new finance chief on Thursday as the Australian electricity retailer transitions towards greener energy alternatives. Lucas, who will…
European Court rules Swiss government violated human rights…
In a landmark ruling with far-reaching implications, the European Court of Human Rights (ECtHR) has declared that the Swiss government failed in its duty to…
US EPA introduces rule on cutting chemical plant…
On Tuesday, the US Environmental Protection Agency officially enacted a regulation to diminish cancer-causing toxic air emissions from chemical plants. This rule mandates regular monitoring…
US Federal Reserve blocks push for climate risk…
According to a Bloomberg report, the U.S. Federal Reserve has intervened to prevent a proposal by the Basel Committee on Banking Supervision that would have…
ICVCM approves three certifiers meeting “high-integrity” criteria, Verra…
An international benchmark aimed at defining high-quality carbon offset projects has taken a significant step forward, with three major certifiers receiving approval from the Integrity…
US SEC pauses climate disclosure mandates for pending…
Amid political criticism, the US Securities and Exchange Commission (SEC) has postponed implementing new climate-related disclosure requirements, citing pending judicial review.
Citigroup, JPMorgan, Royal Bank of Canada to disclose…
Citigroup, JPMorgan, and the Royal Bank of Canada (RBC) will introduce a new climate measure under deals by New York City Comptroller Brad Lander.
Asset management firm to lead $50 billion investment…
Through its offshore wind unit Corio Generation Ltd., Macquarie Asset Management is investing $50 billion in offshore wind projects across various markets over the next…
Climate-driven Amazon drought spurs devastating wildfires in Venezuela
On Monday, data showed Venezuela facing a surge in wildfires due to a drought linked to climate change in the Amazon rainforest region.
Solar industry set to soar as US grapples…
As Dan Shugar, the CEO of Nextracker Inc., stated, the unyielding demand for electricity in the United States is poised to overshadow obstacles confronting the…
New study reveals 80% of sustainable bonds fail…
New research from the investor-oriented nonprofit Climate Bonds Initiative (CBI) indicates that over 80% of the 768 sustainability-linked bonds issued between 2018 and November of…
Biden administration to invest $6 billion in industrial…
The US Department of Energy (DOE) announced the selection of 33 projects slated to receive funding of up to $6 billion. These initiatives aim to…
Real estate investors grapple with CO2 shock, turn…
Real estate investors, already struggling with high interest rates, are now confronting the potential for substantial losses prompted by recent European regulations.
AI is a key tool in businesses reducing…
During a climate change dialogue at the China Development Forum, Tim Cook, the CEO of Apple Inc., emphasized the importance of artificial intelligence (AI) in…
Multilateral lender approves $85 million investment for North…
The Climate Investment Funds (CIF), a multilateral lender, announced on Wednesday its approval of an $85 million investment aimed at assisting North Macedonia in transitioning…
Biden’s latest move on auto emissions expected to…
On Wednesday, the Biden administration implemented strict tailpipe emission limits to curb pollution from the country's cars and light trucks. These measures are so stringent…
CFC launches innovative carbon delivery insurance to boost…
Specialist insurance provider CFC has made a significant entry into the carbon insurance market with the introduction of its pioneering product, Carbon Delivery Insurance. This…
US-China take proactive steps in methane emission reduction,…
According to the deputy US special envoy on climate change, cooperation between the United States and China regarding methane reduction is progressing. He highlighted an…
Japan initiates testing of ammonia-coal mix to reduce…
Japanese technology aimed at curbing carbon emissions from existing coal-fired power plants by introducing ammonia as a substitute for coal is set to undergo testing…
China falls short of reaching 2025 green steel…
Researchers, on Tuesday, said that China is not meeting expectations in reducing the carbon footprint of its vast steel industry. They attributed this shortfall to…
US appeals court temporarily halts SEC climate disclosure…
On Friday, a US appeals court temporarily halted the implementation of new Securities and Exchange Commission (SEC) rules mandating public companies to disclose climate-related risks.
Top oil executives & ministers arrive at the…
This week, oil industry leaders and government officials gather in Houston for a significant energy conference, encouraged by major mergers, stable oil prices, and less…
US Chamber of Commerce files lawsuit against SEC…
On Thursday, the US Chamber of Commerce announced that it has initiated legal action against the US Securities and Exchange Commission's recently implemented regulations mandating…
‘Water for All’ resounds on 27th celebration of…
March 14: Global celebration of rivers - vital for ecosystems. Advocates unite to protect and raise awareness for International Day of Action for Rivers.
US climate envoy urges Japan to accelerate renewables,…
During his visit to Japan, John Podesta, the top US climate envoy, stressed the importance of speeding up the use of renewable energy, especially offshore…
Carbon strips market set to soar to $4.15…
The Carbon Strips Market is poised for significant growth, with CoherentMI estimating its value to reach US$ 4.15 Billion by 2031, up from US$ 2.66…
US power consumption to reach record highs in…
According to the US Energy Information Administration's Short-Term Energy Outlook released on Tuesday, power consumption in the United States is set to reach unprecedented levels…
Japan approves installation of offshore wind power in…
On Tuesday, Japan's government greenlit a proposed amendment to current laws, enabling the establishment of offshore wind power within exclusive economic zones (EEZ).
Texas pushes back against EPA’s new methane rule
In a move against federal regulations, Texas, the largest energy-producing state in the nation, lodged a complaint urging a court to halt a recent rule…
February 2024: Hottest on record amidst alarming climate…
Last month was recorded as the hottest February, according to new data from Copernicus, the European Union’s climate monitoring service. This marks the ninth consecutive…
Green groups slam SEC over exclusion of Scope…
The US Securities and Exchange Commission approved new climate disclosure requirements for public companies, part of the Biden administration's climate policy.
US SEC adopts climate-related risk disclosure rules
A West Virginia Attorney General's Office spokesperson announced on Wednesday that ten states led by Republicans have initiated legal action to contest new federal regulations…
Singapore’s biggest bank grows sustainable financing to $52…
Singapore's largest bank, DBS Group, announced on Wednesday that it had increased its sustainable financing commitments by 37.3% to 70 billion Singapore dollars ($52.10 billion)…
Green bond sales hit record $54.7 billion in…
Green bonds, the largest type of sustainable debt, experienced their busiest February ever amidst a surge of global debt offerings.
Regulatory hurdles & greenwashing deter clients from $1.5…
As highlighted by insiders, corporate clients are increasingly withdrawing from the world's second-largest ESG debt market due to added regulations, reduced incentives, and fears of…
Biden EPA trims power-plant rule, eyes future gas…
The Biden administration is refining its plan to reduce greenhouse gases from electricity and will set stricter pollution limits for natural gas plants.
EU’s corporate supply chain law stalls; faces backlash…
A law in the European Union aimed at improving corporate supply chains has been stopped by the largest member states, pushing negotiators to reassess the…
EU inches closer to 2030 wind power goal:…
The European Union is on track to achieve its wind power goal for 2030, thanks to increased investment and better-permitting processes, according to a report…
Regulators rush to seal Biden’s climate plans before…
US federal regulators are rushing to finalize climate initiatives proposed by the Biden administration. These initiatives cover many areas, from the types of vehicles people…
EU’s carbon tariffs risk straining Asian economies, offer…
The Asian Development Bank (ADB) reported that the European Union's plan to impose tariffs on high-carbon imports might harm developing Asian countries. However, it's unlikely…
Google’s new AI technique hunt for clean electricity…
Big tech companies are rushing to reduce the environmental impact of their vast data centres worldwide. They're starting to use an AI method developed by…
World’s biggest climate investor group seeks to strengthen…
The largest climate investor group, Climate 100+ (CA100+), reassured its members that its methods comply with US antitrust and securities laws, per Reuters' letters on…
US regulatory body omits certain emissions disclosure mandates…
The US Securities and Exchange Commission (SEC) has decided to remove some of the ambitious greenhouse gas emission disclosure rules from its corporate climate risk…
Britain withdraws from Energy Charter Treaty over failure…
Britain announced on Thursday its decision to join other European nations in exiting the International Energy Charter Treaty.
Protest at PM Sunak’s residence lands climate activists…
Three Greenpeace activists will face charges for climbing onto Prime Minister Rishi Sunak's home in protest against the government's plan to grant numerous North Sea…
Wall Street gives seal of approval to the…
The recent $26 billion merger of two Texas oil companies marks the latest in a series of deals propelling the era of Big Shale. Wall…
Singapore mandates SAF usage for flights departing from…
Singapore's Civil Aviation Authority announced that flights departing from Singapore will be mandated to utilize sustainable aviation fuel (SAF) starting in 2026, with a target…
JPMorgan, BlackRock backs out of biggest climate-investor group
JPMorgan Asset Management and State Street Global Advisors announced on Thursday that they are pulling out of Climate Action 100+.
Investors grapple with the Scope 3 emissions in…
As asset managers initially pledged to align their portfolios with net-zero emissions, they largely sidestepped the critical issue of Scope 3 emissions.
Google to help track methane polluters from space
Tech giant Google will partner with the Environmental Defense Fund (EDF) to track methane emissions using the MethaneSAT satellite scheduled to take off into orbit…
Trump could roll back anti-coal diplomacy despite continued…
At the International Energy Agency meeting, US Special Presidential Envoy for Climate John Kerry mentioned that if Donald Trump is re-elected, he may not halt…
LSEG report record $949 billion in global carbon…
In 2023, global carbon dioxide (CO2) permit markets hit a record value of 881 billion euros ($948.75 billion), marking a 2% increase from the previous…
China’s GHG emissions could peak as early as…
China's surge in renewable energy deployment is poised to bring about an earlier-than-expected peak in greenhouse gas (GHG) emissions, potentially occurring as soon as this…
US Government to fund methane reduction projects
On Friday, the US Environmental Protection Agency (EPA) and the Department of Energy (DOE) released a notice of intent to fund projects that aim to…
EU extends deadline for sustainability reporting to 2026
The Council of the European Union and the European Parliament have agreed to postpone sustainability reporting requirements for specific sectors and third-country companies by two…
Carbon credit market projected to surpass $343.6 billion…
According to a research study by Global Market Insights Inc., the carbon credit market is expected to hit $343.6 billion by 2032.
Top rival miners team up for ‘green steel’…
The world's leading mining companies, BHP Group Ltd. and Rio Tinto Group, along with Australia's BlueScope Steel Ltd., are coming together to develop Australia's first…
European Commission announces strategy to boost industrial CCS…
The European Commission announced its strategy to significantly boost industrial carbon capture, storage (CCS), and utilization capacity across the EU, marking a pivotal step in…
Surge in fossil fuels challenges banks’ path to…
For investors who are trying to understand how well banks are sticking to their promises to reach net-zero emissions, changes in climate predictions caused by…
Wind energy beats gas in Europe for the…
Last year, Europe made more electricity from wind power than from gas for the first time ever. This drop in using fossil fuels helped cut…
California’s historic storm causes $11 billion in economic…
The recent record storm known as ‘Atmospheric River’ in California, with its unprecedented rainfall, resulted in two fatalities and up to $11 billion in damages…
‘Atmospheric river’ blankets over California, governor declares emergency
Severe weather struck California on Sunday, with heavy rainfall and hurricane-force winds affecting a wide area. A phenomenon known as an atmospheric river. Power outages…
US House to vote on overturning Biden’s freeze…
The US House of Representatives, next week, will decide whether to cancel the Biden administration's temporary block on approving the export of liquefied natural gas…
White House senior adviser John Podesta to replace…
On Wednesday, the White House announced that John Podesta, a senior adviser, will take over from John Kerry as the US climate change diplomat.
Global spending on clean energy hit record $1.8…
Global spending on clean energy reached a record-breaking number of $1.8 trillion last year. However, it is still not enough to reach net-zero emissions, as…
California breaks century-old ties with Big Oil
California, a big player in producing oil, is now breaking ties with the oil industry, a significant move to shift away from fossil fuels as…
China breaks solar records in 2023, surpasses 50%…
In 2023, China exceeded the total solar panel installations of any other nation, contributing to its already substantial lead in the global renewable energy landscape.
Upcoming Biden policy to impact natural gas exports,…
The Biden administration is expected to announce plans in the coming days to increase environmental scrutiny on applications for natural gas exports.
Opinion polls suggest 2024 EU elections could make…
The upcoming European Parliament election might complicate the approval of ambitious climate change policies if, as recent polls indicate, takes a "sharp right turn."
Pressure mounts over mining firms as investors raise…
A group of investors overseeing $25 trillion has decided to take action against mining companies that have not adopted safety environmental standards for the construction…
US allocates $104 million for energy conservation &…
The US Department of Energy (DOE) announced that it has set aside $104 million in funds for energy conservation and clean energy projects at 31…
Biden announces $207 million for fertilizer, rural clean-energy…
The Biden administration is investing $207 million in domestic fertilizer and renewable energy projects to enhance supplier competition for US farmers and ranchers.
Oil giant Exxon files lawsuit against climate activist…
Exxon Mobil Corp filed a complaint in a Texas court on Sunday to block a climate proposal by activist investors from being voted on during…
US elections will be significant for global climate…
As the US elections pave the path for many major decisions in 2024, John Kerry, who stepped down from his position as a climate envoy,…
YouTube’s revenue soars in millions from climate misinformation…
A recent report revealed that Google-owned YouTube earns millions of dollars a year from advertisements on channels that spread false information about climate change.
Davos 2024: Indian states to pitch innovations, anticipate…
The Annual Meeting of the World Economic Forum commenced on 15 January in Davos, Switzerland. The theme for this year 2024 is “Rebuilding Trust”, with…
Countries are trying to opt out of COP28…
According to US Vice President Al Gore, some nations are trying to push out of the landmark agreement, made at the UN climate summit COP28,…
Global renewable power capacity up by 50% in…
The global increase in renewable power capacity reached a 50% growth rate last year and is expected to continue setting records throughout this decade, propelled…
US greenhouse gas emissions dropped for first time…
Greenhouse gas emissions in the United States experienced a 1.9% decrease last year compared to the preceding year.
Biden’s climate policy shift creates hurdles for LNG…
The Biden administration is reassessing the environmental standards applied in approving upcoming liquefied natural gas export facilities, potentially causing delays in ongoing projects as the…
Activist investors to shift focus in 2024; ESG…
Activist investors are anticipated to scale back on environmental and social campaigns this year, as revealed by business consulting firm Alvarez & Marsal Inc.
Azerbaijan appoints Ecology Minister and Ex-Oil Executive as…
Azerbaijan has chosen Mukhtar Babayev, the current Ecology Minister, to lead the upcoming global climate talks, COP29, scheduled to take place later this year in…
US solar panel makers at odds with Biden…
Two of US solar companies have questioned the Biden administration's decision to delay tariffs on certain panels imported from Southeast Asia until early June.
World’s biggest banks report $3 billion from green…
The largest global lenders collectively earned about $3 billion in fees in 2023 by facilitating debt for deals positioned as environmentally sustainable, as per Bloomberg's…
West Texas earthquake rate plummets after crackdown on…
In 2023, West Texas witnessed a notable decrease in earthquake frequency, marking the first such decline in over five years. This shift followed regulatory actions…
Post-election pressures intensify SEC’s struggling climate agenda in…
Environmental activists are anxious as the Securities and Exchange Commission (SEC) faces challenges in fulfilling its ambitious climate-related agenda in 2023.
CCH health officials say PBF Energy faced 46…
Health officials from Contra Costa County (CCH) in California issued a letter to PBF Energy's Martinez refining company on Thursday, expressing their dissatisfaction with the…
China to face extreme heat in 2024
Experiencing one of its coldest Decembers on record, China is anticipated to face the challenges of scorching heat and heightened extreme weather conditions next year,…
US industry consolidation to give big oil players…
In 2023, the oil and gas industry went on a $250 billion buying spree. They took advantage of high stock prices to secure cheaper reserves…
US secures rights to massive seabed area amid…
The United States has extended its claims over the ocean floor, encompassing an area twice the size of California. This extension grants the US exclusive…
High interest rates cast shadow on California’s ambitious…
California, once a pioneer in fostering the US solar industry, is now facing a significant slowdown in rooftop panel sales, posing a threat to widespread…
DHL Express partners with Bank of Philippine Islands for sustainable shipping with SAF
DHL Express announced that it has signed an agreement with the Bank of Philippine Islands (BPI). The partnership aims to reduce DHL’s annual greenhouse gas […]
July 1, 2024 8:33 pm SGT
Iberdola’s 1 billion Windanker project reaches delivery phase
Iberdrola announced that its €1 billion Windanker project in Germany has reached the delivery phase. All associated supply chain contracts for major components are secured […]
July 1, 2024 8:28 pm SGT
Eco-gamers launch online video game to target asset management and investment firm
A team of eco-gamers known as Serious People has developed a video game titled “Asset Manager Quest” to encourage investment firm ‘Abrdn‘ to divest from […]
July 1, 2024 8:23 pm SGT
Gunvor and Quercus announce partnership to develop 3 GW of solar PV in Italy
Gunvor Group, a prominent energy commodities trading company, has announced a partnership with Quercus Real Assets Limited, a specialist in international renewable investments focused on […]
July 1, 2024 8:20 pm SGT
World Bank invests additional $1.5 billion to boost India’s low-carbon energy sector
The World Bank’s Board of Executive Directors announced that it has approved $1.5 billion in financing for a second operation to help India accelerate the […]
July 1, 2024 8:18 pm SGT
ARENA approves $143 million for 370 community batteries across Australia
The Australian Renewable Energy Agency (ARENA) announced that it has conditionally approved up to $143 million to support the deployment of approximately 370 community batteries […]
July 1, 2024 8:09 pm SGT