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 found a violation of Article 8 (right to respect for private and family life) and Article 6 & 1 (access to court) of the European Convention on Human Rights.
‘Old Wives’’ win against the Swiss government, explained
German farmers block Berlin as protests erupt against fuel subsidy cuts and rising costs
Berlin's city center faced a standstill as thousands of German farmers, supported by workers from various industries, protested against rising costs and the government's plan to phase out agricultural fuel subsidies.
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Orsted assumes ownership by purchasing the remaining shares…
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ArcelorMittal Gent begins innovative trial to recycle CO2…
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SSE and APG advance offshore wind farm development…
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Citibank pledges to halt project-related financing for oil…
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UK’s former climate watchdog appointed to lead ‘mission…
UK’s Labour Party has appointed Chris Stark, a leading climate expert and former head of the UK’s climate watchdog, to lead a “mission control centre”…
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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…
Occidental seals record carbon removal deal with Microsoft
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Podesta highlights climate rules in anticipation of Supreme…
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New Zealand releases new climate strategy
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Levanta Renewables enters the Thai solar market with…
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Clearway Energy secures financing, initiates repowering of South…
Clearway Energy Group announced the successful closure of financing and the commencement of repowering construction for its Cedro Hill wind farm located in Webb County,…
Campaigners stage march to cut its Council ties…
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…
Dominion Energy expands offshore wind portfolio with acquisition…
Dominion Energy announced that it reached an agreement to acquire the Kitty Hawk North Wind offshore wind lease and associated developments from Avangrid, Inc. for…
TEMBUSU Asia – First Singapore Validation and Verification…
8 July 2024 – TEMBUSU Asia Consulting (TAC) is now accredited by the Asia Carbon Institute (ACI) as the first Singapore Validation and Verification Body…
Dimitra launches traceable carbon credit initiative to empower…
Dimitra, an agricultural technology and sustainability solutions company, announced the launch of its carbon credit initiative, Dimitra Carbon. This revolutionary carbon credit program seeks to…
European specialists launch initiative to aid Indian carbon…
A team of European carbon removal specialists have launched an initiative to assist Indian businesses in developing projects that extract carbon dioxide from the atmosphere…
US forgives $35 million Indonesian debt in exchange…
The US Treasury on Monday announced that Indonesia will forgive $35 million of debt over nine years. In return, Indonesia will undertake efforts to restore…
UK’s Coal Authority releases Nature Recovery Plan for…
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European Energy secures grid connection approval for 500…
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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…
CalPERS allocates nearly $10 billion to climate action…
The California Public Employees’ Retirement System (CalPERS) announced a commitment of almost $10 billion to advancing global efforts to transition to a low-carbon economy. This…
EU approves €10.82 billion plan for French offshore…
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…
ENGIE and BASF sign 7-year Biomethane Purchase Agreement
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7…
EBRD loans over $14 million to Moroccan mining…
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…
South Africa possesses significant potential in the production…
At the IATA Wings of Change Focus Africa conference in Johannesburg, the International Air Transport Association (IATA) called upon South Africa to harness its resources…
Climate group urges an EU-wide mandate for zero-emission…
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’s oil company partners with Japanese bank…
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…
Norway seeks to explore renewable energy, carbon capture…
According to the energy minister, Norway aims to enhance its partnership with Indonesia and explore investment opportunities in renewable energy, such as hydropower and carbon…
Covestro and BP sign long-term power purchase agreement
Covestro, a polymer materials manufacturing company, announced that it has signed a 10-year-long power purchase agreement (PPA) with bp. The purchased power will be supplied…
IAG warns of higher airfares to fund carbon…
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…
Bekaert and Rezolv Energy sign 10-year virtual power…
Bekaert, announced that it has signed a 10-year virtual power purchase agreement(VPPA) in Romania with Rezolv Energy, an independent power producer in Central and Southeastern…
UN’s Methane Observatory flags Big Oil of site…
A gas platform in the Gulf of Thailand has received a new warning from United Nations International Methane Emissions Observatory (IMEO) about methane emissions detected…
Startup raises €5M seed for European carbon offset…
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 reports a 48% surge in greenhouse gas…
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…
Canada announces $39 million for communities hit by…
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. …
Spain’s Zelestra secures additional €225 million for clean…
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…
New York court dismisses lawsuit challenging NYC Pension…
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…
US imposes $145.8 million fine on General Motors…
General Motors will pay a $145.8 million fine and forfeit credits valued at hundreds of millions of dollars following a US government inquiry that revealed…
European citizens invited to invest in the Greek…
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…
India’s solar power growth hits 6-year low amid…
India’s solar power growth slowed to its lowest rate in six years during the first half of 2024, according to data from the federal grid…
Iberdrola acquires Balantia to enhance energy efficiency and…
Iberdrola, a Spanish renewables company, announced that it has acquired the “80% it did not control of Balantia”. Iberdrola had initially entered the firm’s capital…
Nippon Steel and Sumitomo renew contract with Equinor…
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…
Cepsa and PreZero Spain partner to convert waste…
Cepsa announced that it has entered a strategic partnership with PreZero Spain to advance objectives related to decarbonization. According to the agreement, PreZero Spain will…
NGOs call for the exclusion of carbon offsets…
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…
Luxcara selects Chinese turbines for offshore wind farm…
Luxcara, an independent German asset manager for clean energy infrastructure projects, announced that it has signed a “preferred turbine supplier”. The asset manager has signed…
Genex secures $107 million funding for its solar…
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…
US Department of the Interior approves ninth offshore…
The US Department of the Interior announced the approval of the Atlantic Shores South offshore wind energy project, the country’s ninth commercial-scale offshore wind energy…
Ineos Energy CEO criticizes UK oil and gas…
The chief executive of Ineos Energy has stated that the company will focus on expanding in the US and Denmark instead of Britain. This decision…
Redflow and Stanwell partner to boost Queensland’s energy…
Redflow Limited, a clean energy storage company, announced it had signed a Memorandum of Understanding (MoU) with one of Queensland’s government-owned coal-fired generators, Stanwell Corporation.…
China inaugurates country’s first technical centre for SAF
The Civil Aviation Authority of China (CAAC) launched the country’s first technical centre for sustainable aviation fuel (SAF). The facility, which will focus on standard…
EIB and Snam sign €100 million financing agreement…
The European Investment Bank (EIB) announced that it has entered a € 100 million financing agreement with Snam, an Italian energy infrastructure company. The funds…
EU approves €3 billion Swedish CCS Scheme to…
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…
BOEM approves construction and operations plan for New…
The US Bureau of Ocean Energy Management (BOEM) announced that it has approved the New England Wind Construction and Operations Plan (COP) for two offshore…
Climate tech company secures $34 million in Series…
Aether Fuels, a climate technology company, announced that it has secured $34 million in Series A financing from a syndicate of global investors. The funds…
Private equity fund acquires stake in Solar Sovereign
Texas-based fund Inferno Capital Group announced that it has acquired a significant stake in energy company Solar Sovereign. The group said that this move signifies…
Shell halts construction at its biofuel plant amid…
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…
Neste to provide sustainable aviation fuel to Hotelplan…
Neste announced that it will supply sustainable aviation fuel (SAF) to Hoteplan Group, a Swiss travel group mainly focused on the leisure and business travel…
EIB Global supports €271 million Egyptian climate and…
During the EU-Egypt Investment Conference in Cairo, the European Investment Bank (EIB Global) unveiled a €271 million financing initiative aimed at empowering industrial companies throughout…
Air New Zealand welcomes 500,000-litre shipment of SAF
Air New Zealand has welcomed its first shipment of 500,000-litre Sustainable Aviation Fuel (SAF) into Wellington. The airline announced that this is a step towards…
Asset manager AEW leads in adopting FCA Sustainability…
AEW, the real estate investment and asset manager, announced that it will be one of the first asset managers to adopt FCA Sustainability Impact label…
Amazon bypasses carbon offset standard funded by Bezos
Amazon has become the first company to bypass a global standard for verifying carbon offsets, developed by a non-profit largely funded by its founder and…
EIB to provide €300 million loan to Europe’s…
The European Investment Bank (EIB) announced that it is providing voestalpine AG, a steel and technology company, a loan of €300 million. voestalpine AG is…
Verra announces new carbon capture and storage methodology
Verra, a certifier of voluntary carbon offsets, announced the release of the Verified Carbon Standard (VCS) Methodology VM0049 Carbon Capture and Storage. The standard, known…
Egypt’s wind megaproject of $10 billion to begin…
Construction on one of the world’s largest wind farms in Egypt is set to commence by March 2026, according to a statement from a company…
Home buyers in Australia and New Zealand inching…
Policymakers, researchers, and property experts caution that home buyers in Australia and New Zealand are overlooking the risks of climate change as they gravitate towards…
Renewable energy start-up Xurya raises $55 million in…
Xurya, a renewable energy company providing rooftop solar rentals with no upfront costs in Indonesia, has announced securing an additional $55 million investment. It said…
DHL Express partners with Bank of Philippine Islands…
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…
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…
Eco-gamers launch online video game to target asset…
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…
Gunvor and Quercus announce partnership to develop 3…
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…
World Bank invests additional $1.5 billion to boost…
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…
ARENA approves $143 million for 370 community batteries…
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…
Coal dependency soars in Indonesia and Philippines, surpassing…
According to data from energy think tank Ember, the Philippines has entered the top ten list of economies most reliant on coal-fired electricity, surpassing Indonesia…
Malaysian bank under fire for financing Vietnamese coal…
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…
International Organization for Standardization (ISO) to develop international…
The International Organization for Standardization announced that it is working on developing an international standard for Net-Zero. The international standard will “provide clarity on the…
Deep Wind Offshore secures expansion in Baltic Sea…
Deep Wind Offshore announced that it has extended its exclusive rights to develop an offshore wind farm in the Baltic Sea region by winning an…
EU sets new standard with 75% CO2-free electricity…
Industry data revealed on Monday that 75% of the European Union’s electricity in the first half of this year came from CO2 emissions-free sources, marking…
US Department of the Interior announces offshore wind…
The US Department of the Interior announced that it will hold an offshore wind energy lease sale in the Central Atlantic. The lease will target…
Google buys stake in BlackRock-owned solar power firm…
Google announced that it has bought a stake in Taiwan’s New Green Power and plans to purchase up to 300 megawatts of renewable energy from…
China’s offshore wind power costs set to undercut…
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…
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…
Renewco and INDHO announce joint venture to launch…
Renewco Power, a UK-based renewable energy platform, announced a joint venture with INDHO, a green hydrogen developer, to develop a new platform focused on green…
Japan proposes stricter SAF regulations to slash aviation…
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…
Sirona Technologies raises a €6 million seed round…
Sirona Technologies, co-founded by a former Tesla engineer, announced that it had raised a €6 million seed round to advance its mission of combating climate…
Climate Bonds Initiative partners with UNEP FI and…
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…
Invesco launches $1.6 billion US climate ETF backed…
Amid US investors withdrawing from sustainable funds, Atlanta’s Invesco has introduced a new climate-focused ETF. The fund received an initial $1.6 billion in assets from…
Capital cities swelter as days above 35°C jump…
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…
Shell set to build two carbon capture hubs…
Shell announced its plans to establish two new carbon capture storage (CCS) facilities- Polaris and Atlas – in Canada. Shell Canada Products, a subsidiary of…
IDB Invest launches first private sector bond for…
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…
EIB and Cepsa sign €285 million loan agreement…
The European Investment Bank (EIB) and Cepsa announced the signing of a €285 million loan agreement. The funds will be used by Cepsa to construct…
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,…
Singapore’s Renewable Energy Investor Acquires Rānui Generation
SC Oscar, the Singapore-based renewable energy investor, acquired New Zealand renewables developer Rānui Generation for an undisclosed amount, as the infrastructure fund manager aims to…
US DOE announces over $63 million to support…
The US Department of Energy (DOE) announced $63 million to support four transformative energy technologies through the Seeding Critical Advances for Leading Energy Technologies with…
Iberdrola issues €350 million green bond to diversify…
Iberdrola, a Spain-based electricity company, announced that it had issued a green bond for 335 million Swiss francs (€350 million) in two “tranches” to diversify…
Denmark to implement world’s first livestock emissions tax…
Denmark has taken a significant step towards reducing carbon emissions and achieving its 2030 climate goals by introducing a landmark tax on livestock emissions. This…
Korean Air expands cargo SAF program in partnership…
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…
Air freight’s greenhouse emissions up by 25% compared…
According to a report from the campaign group Stand.earth, the surge in online shopping and changes in the post-pandemic economy has driven a 25% rise…
Malaysia announces plans to fully retire CFPPs by…
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…
Big Oil could face homicide charges over 2023…
Prosecutors in Arizona are considering the possibility of pushing homicide charges against major oil companies for deaths resulting from a July 2023 heatwave, according to…
Oman shortlists nine companies for the Ibri III…
Nama Water and Procurement Company (NWAP), Oman’s sole provider of electricity, water and wastewater services, announced the list of prequalified applicants shortlisted for the development…
Nuada begins carbon capture trials at Buzzi’s cement…
Nuada, a carbon capture company, announced the launch of a pilot plant in collaboration with Buzzi Unicem at its cement facility in Italy. This marks…
Edison partners with Blunova for floating offshore wind…
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…
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.…
Arizona utility Salt River Project adds two additional…
Arizona utility Salt River Project (SRP) and Plus Power LLC announced the addition of two battery storage systems. The two systems—Sierra Estrella Energy Storage and…
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…
United Airlines chief emphasizes oil industry cooperation in…
Lauren Riley, chief sustainability officer for United Airlines, the third largest airline in the US, said in an interview with the Financial Times that sustainable…
LanzaJet secures MUFG investment to scale sustainable aviation…
LanzaJet, a sustainable fuels company, revealed that it had received an investment from Mitsubishi UFJ Financial Group (MUFG) to accelerate the deployment of its “proprietary…
ICMA releases new resources on green enabling projects…
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…
EBRD to provide loan to Turkey’s cement sector…
The European Bank for Reconstruction and Development (EBRD) announced that it will be providing Türkiye’s Cimsa, a cement producer, to bankroll the company’s decarbonisation investment…
Australia stresses batteries’ crucial role amid plans to…
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…
Temasek and Blackrock to invest in carbon removal…
In a joint partnership, Singapore’s Temasek and BlackRock have initiated a $69 million capital raise to enhance global carbon removal efforts by Swiss firm Neustark. …
Europe’s biggest airline group to charge up to…
Deutsche Lufthansa AG plans to introduce a surcharge of up to €72 ($77) per flight next year to cover the increasing costs of alternative fuels…
GE Vernova announces milestone gas turbine and services…
GE Vernova announced that it has received a major gas turbine order and a long-term service agreement for power plants in Saudi Arabia. The order,…
Evri invests £19 million to boost electric cargo…
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…
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…
Fervo Energy signs two 15-year PPAs with Southern…
In a press release, Fervo Energy, a green energy supplier, announced the signing of two 15-year power purchase agreements (PPAs) with Southern California Edison(SCE). The…
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…
Alcazar Energy announces $500 million investment to launch…
In a press release, Alcazar Energy Partners unveiled its plans to launch the biggest onshore wind farm project in North Macedonia with an investment of…
South Africa risks $9.3 billion climate finance pact…
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…
European Investment Bank to provide €1.2 billion loan…
The European Investment Bank announced in a press release that it would provide a €1.2 billion loan to RWE to finance the construction of the…
ECB may take “remedial action” against firms failing…
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…
Heirloom announces plans to build two direct air…
Heirloom, a direct air capture company, announced that it plans to establish two direct air capture (DAC) facilities in Louisiana. The company stated in a…
Macquarie Asset Management set to divest stake in…
Macquarie Asset Management announced in a press release, that it has secured an agreement to divest its stake in Hydro Dolomiti Energia (HDE). The release…
Macquarie Asset Management acquires 49.9% stake in Hydro…
Hydro, an aluminium and renewable energy company, announced that it had completed the transaction to sell 49.9% of Hydro Rein to Macquarie Asset Management. Hydro…
Adaptavate announces first-ever full-sized, carbon-negative plasterboard
Adaptavate announced in a press release that it has produced the “world’s first plasterboard to store carbon permanently.” The plasterboard reportedly can take nearly 1…
KKR and IGNIS partner to launch platform for…
KKR, a global investment firm, and IGNIS, a Spanish renewable group, announced in a press release that they are collaborating on the launch of IGNIS…
ExxonMobil partners with Air Liquide to advance the…
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…
EU distributes nearly €3 billion across member states…
The European Commission announced that the European Union (EU) has distributed €2.967 billion via the Modernisation Fund to back 39 energy projects in 10 member…
Doral Renewables secures $400 million investment from Dutch…
Doral Renewables, a US-based developer, owner, and operator of renewable energy and storage projects, announced a $400 million minority equity investment by Dutch pension fund…
Second High-Level Dialogue on clean energy financing held…
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…
Global initiative RE100 calls on Japan to triple…
On Tuesday, RE100, a global corporate initiative promoting renewable energy procurement, urged the Japanese government to swiftly and decisively triple its renewable electricity capacity by…
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…
Sunrise Wind offshore project in the US gets…
Sunrise Wind, New York’s largest offshore wind project, announced in a press release that it has obtained approval for its Construction and Operations Plan (COP)…
Australia’s first CIS auction attracts 40 GW of…
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…
US government announces $850 million initiative to slash…
The U.S. Department of Energy (DOE) and the US Environmental Protection Agency (EPA) have announced the launching of applications for federal funding totalling $850 million…
Climate Arc urges investors to target high-emitting sectors…
Climate Arc, a nonprofit providing guidance, data and funding to promote green investments, argues that climate investors must target the sectors with the highest emissions…
Hong Kong gears up to host largest Asia-focused…
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…
Nextracker acquires US-based Ojjo for $119 million
Nextracker, a solar trackers solutions provider, announced in a press release that it has acquired Ojjo, a solar foundations expert, in an all-cash transaction for…
Insurance broker launches world’s first carbon credit warranty…
The Howden Group, an insurance broker, announced it played a role in developing the first-ever warranty and indemnity policy for carbon credits. This initiative aims…
European Commission approves €3 billion German state aid…
In a press release, the European Commission announced that it has approved a €3 billion German scheme to fund the construction of the “Hydrogen Core…
China wants EU to scrap preliminary tariffs on…
Beijing has urged the European Union to cancel its initial tariffs on Chinese electric vehicles before July 4, according to China’s state-controlled Global Times. This…
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…
SENCO announces €20 million investment in Strohm’s to…
SENCO Hydrogen Capital, a private equity firm specializing in investments in hydrogen and energy-in-transition spaces, announced a € 20 million investment in Strohm, an international…
ADB invests $50 million in Actis Fund to…
The Asian Development Bank (ADB) has committed $50 million to the Actis Asia Climate Transition Fund, which is managed by Actis, a global investor in…
E-fuels offer a long-term solution for key transport…
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…
ACCIONA Energia and Vidrala ink PPA for electricity…
ACCIONA Energia announced in a press release that it has inked a power purchase agreement with Vidrala, a glass packaging design and manufacturing company. The…
World Bank warns against rising global gas flaring,…
Recent satellite data gathered by the World Bank shows the amount of gas flared worldwide has increased, marking its highest level since 2019. This led…
Climate lawsuit against Italy’s Eni delayed due to…
A decision on a lawsuit filed by Greenpeace and ReCommon against Italy’s Eni, an energy group, for its role in contributing to climate change through…
IMF approves $786.2 million for Tanzania’s climate reforms…
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…
Indigo Ag to deliver 40,000 carbon credits in…
Indigo Ag announced in a press release that it will sell nearly 40,000 agricultural soil-based carbon credits from its third carbon crop to Microsoft. This…
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…
Recurrent Energy secures $513 million for Arizona energy…
In a press release, Recurrent Energy announced that it had secured $513 million in funds as project financing for its Papago Storage project in Arizona. …
Government intervention aims to stabilize China’s solar market
China’s government has pledged to support struggling solar manufacturers by guiding capacity expansions and preventing redundant investments. Li Chuangjun, director of the agency’s renewable energy…
UK Supreme Court rules in favour of environmental…
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…
Masdar to Acquire Terna Energy in €3.2 Billion…
In a press release, Masdar announced that it had reached a definitive agreement with Terna Energy to completely take over the firm. Masdar is planning…
ARENA funds Amber Electric for Vehicle-to-Grid trial
The Australian Renewable Energy Agency (ARENA) announced in a press release that it will provide $3.2 million in funding to Amber Electric to test out…
Qualitas Energy inks long-term VPPA with Salesforce
In a press release, Qualitas Energy announced the inking of a deal of long-term virtual power purchase agreement (VPPA) with Salesforce for 27 MWp of…
Beagle Systems and AIRMO collaborate on a methane…
In a press release, Beagle Systems, an air data acquisition company, announced its collaboration with AIRMO. The two organizations have joined forces to create an…
Nippon Steel’s US Steel acquisition raises decarbonization cost…
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…
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…
Amsterdam’s Cawa secures €500K to boost transparent carbon…
Cawa, an API infrastructure enabling carbon accounting and ESG platforms to sell transparent, high-quality carbon credits, announced that it raised € 500,000 in a new…
Wilder Carbon introduces the world’s first “buffer insurance”…
UK-based carbon standard Wilder Carbon and specialist carbon insurance company Kita announced the world’s first “Buffer Insurance” policy for Wilder Carbon’s buffer pool. According to…
CDB’s President calls for urgent funding to protect…
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…
Equatic set to build North America’s first commercial-scale…
Equatic, a carbon removal company, announced in a press release that the engineering on North America’s first commercial-scale ocean-based carbon dioxide removal (CDR) plant is…
Vestas secures 577 MW order for Golden Plains…
In a press release, Vestas, a renewable energy company, announced that it has been awarded the Engineering, Procurement, and Construction (EPC) for the second stage…
Indian engineers warn of prolonged power outages, amid…
The All India Power Engineers Federation has warned the state government that the current situation is worsening daily, emphasizing that a grid outage in the…
UK’s Octopus Energy to invest $2 billion in…
Octopus Energy, a UK-based electricity supplier, announced its first investment in US renewables. It targets investment worth $2 billion in US renewables by 2030. In…
DRI expands renewable portfolio in Romania with 126…
DRI, the renewable energy arm of DTEK Group, announced in a press release that it is purchasing a 126-megawatt (MW) solar park project in Văcărești. …
Federal coalition eyes Queensland’s CFPP for potential nuclear…
Queensland is poised to become a focal point in the Coalition’s push towards nuclear energy, with plans suggesting the state could host up to two…
Sineng Electrical partners with Chinese state-owned DEC International…
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…
Companies adopting 1.5°C-aligned climate transition plans jump by…
Data released by CDP shows the number of companies disclosing they have 1.5 °C-aligned climate transition plans has jumped by around 44%. According to CDP’s…
Microsoft to receive 8 million carbon credits from…
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…
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…
Macquarie Asset Management set to sell 37.5% stake…
In a press release, Macquarie Asset Management announced that it has finalized an agreement to sell a 37.5% stake in the Race Bank Offshore Wind…
Iberdrola secures final environmental approval for Portugal’s largest…
Iberdrola, a Spanish energy company, announced in a press release that it has obtained the latest approval to build Portugal’s largest wind farm. Further approvals…
Volkswagen and Vulcan Green Steel sign MoU to…
Volkswagen AG and Vulcan Green Steel have signed a Memorandum of Understanding (MoU) to establish a partnership focused on low-carbon steel. VW plans to procure…
Mizuho Financial Group partners with asset management firms…
Tokyo-based banking and financial services company Mizuho Financial Group and global wealth and asset manager Lombard Odier have signed a new sustainability alliance agreement. The…
UK’s asset owner introduces Climate Transition Index in…
Phoenix Group, a UK asset owner, has introduced a climate transition index as part of its commitment to redirect £160 billion towards decarbonisation efforts over…
Asset management firm to invest $267 million in…
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…
IFC commits $105 million to Brookfield’s 500 MWp…
The International Finance Corporation has announced its commitment to partially finance a 550 MWp solar power project in Rajasthan, India, managed by Brookfield Asset Management. …
Andrew Forrest urges coalition to reconsider 2030 emissions…
Fortescue founder Andrew Forrest warned that if the federal coalition scraps the 2030 emissions reduction target, Australian exports could face hefty carbon taxes. Forrest criticized…
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…
Australia announces fourth offshore wind zone off NSW…
Australia’s Minister for Climate Change and Energy, Chris Bowen, declared a section in the Pacific Ocean off the Illawarra coast in New South Wales for…
Energy investments key to propel Africa’s prosperity, IEA…
In a recent report, the International Energy Agency highlighted the vitality of energy investments in the prosperity of the nation. The report highlights disparities, revealing…
Spain calls for stronger support in Europe’s green…
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…
Union Investment to exclude fossil investments from sustainability…
Union Investment, an investment management company, declared that it would not include fossil investments in sustainability funds and slowly restrict them to conventional funds. The…
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…
BNP Paribas and Bank of Korea cut ties…
BNP Paribas and The Export-Import Bank of Korea, two major international banks, have ended their financial support for Santos’ Barossa gas project. BNP Paribas, the…
Southeast Asia’s green transition at risk due to…
Southeast Asia’s green energy transition is facing uncertainty due to a notable reduction in climate development finance allocated to the region, a new Lowy Institute…
New Zealand’s 2024 budget cuts climate initiatives, shifts…
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…
Carbonfuture and Swiss Re sign 7-year biochar carbon…
Carbonfuture, a carbon removal solutions provider, announced in a press release that it had inked a 7-year biochar carbon removal (BCR) agreement with Swiss Re. …
Germany’s top climate envoy says deep cuts by…
Germany’s climate envoy insists that achieving net zero emissions by 2050 is not enough under the Paris Agreement, emphasizing that the urgency of deep cuts…
Essar Group announces $3.6 billion investment in green…
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…
Clean energy investments for emerging nations among top…
People in countries most vulnerable to climate change face the consequences of extreme weather conditions. Despite playing a minimal role in driving climate change and…
Orsted announces completion of 518 MW energy centre…
Orsted, an energy company, announced the completion of its energy centre in Bee County, Texas, in a press release. The Helena Energy Centre has a…
EBRD provides €45 Million for the Tunisia-Italy electricity…
In a press release, the European Bank for Reconstruction and Development (EBRD) announced that it will provide €45 million as part of a financing package…
Philippines suspends new green energy applications to revamp…
The Philippines plans to temporarily halt the processing of new applications for renewable energy projects as it overhauls regulations. This follows a surge in contracts…
SA explores private investment in transmission capacity to…
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…
Highview Power secures £300 million investment for UK’s…
Highview Power, an energy storage company, announced that it has secured the support of the UK Infrastructure Bank (UKIB) and Centrica with a £300 million…
Brookfield Asset Management & ALTÉRRA launch fund to…
Mark Carney, Chair and Head of Transition Investing at Brookfield Asset Management said, “The Catalytic Transition Fund is a private market solution to the global…
UK to announce clean energy funding and AI…
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…
Swiss leaders reject landmark ruling in favour of…
Swiss politicians have rejected a significant climate ruling from the European Court of Human Rights, sparking concerns that other countries with high pollution levels may…
World Bank and HSBC to launch $200 million…
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…
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…
Ex-MD of Goldman Sachs teams up with law…
Jim Bunch, a former managing director at Goldman Sachs Group Inc., has teamed up with law firm Linklaters and London nonprofit Scope 3 Climate Capital…
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…
SENSEWind announces plans for innovative 6 MW wind…
SENSEWind announced in a press release that it plans to construct a 6 MW wind turbine using its innovative SENSE installation system. This project will…
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…
Largest US oil trade group to file a…
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday to block the Biden administration’s initiatives…
Microsoft inks long-term PPAs with European Energy to…
European Energy announced that it has signed a chain of power purchase agreements (PPAs) with Microsoft. European Energy issued a press release announcing the PPAs,…
Report finds lower value-chain emissions for US-shipped LNG…
A research report by Rystand Energy revealed that the value-chain emissions of liquified natural gas (LNG) are lower on average than those of coal-fired power…
Startup eyes US factory for futuristic solar panels,…
California-based startup Swift Solar Inc. intends to construct a factory in the United States within the next two to three years to manufacture its advanced…
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…
EIB to provide advisory support to Bulagaria’s national…
According to a press release by NEK, the European Investment Bank (EIB) is set to provide advisory assistance to Bulgaria’s national electricity company, Natsionalna Elektricheska…
Emirates Global Aluminium announces Green Finance Framework
The Emirates Global Aluminium (EGA) published its Green Finance Framework to assist decarbonization projects and activities that could help accelerate the transition to a low-carbon…
UK Green Party pledges fossil fuel divestment for…
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…
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…
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…
Seabased and BIDC sign MoU to catalyze Barabados’…
Seabased Group and The Barbados Investment and Development Corporation (BIDC) have signed a memorandum of understanding (MoU) to build a “wave park as part of…
Orsted announces plans to install Tesla battery storage…
According to a press release, Orsted, a Danish renewable energy company, will install a Tesla Megapack battery energy storage system (BESS) in England. The company…
Texas initiates carbon capture and storage lease initiative…
Texas is planning to put over 1 million acres of state-owned land up for lease to target parties interested in carbon capture and storage (CCS)…
Glencore plans to back Indonesian nickel miner to…
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…
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…
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…
Big banks face scrutiny for ‘greenwashing’ their role…
A recent report reveals that five major banks are accused of misleading the public about their involvement in the the destruction of the Amazon Rainforest.…
Microsoft and Repsol ink six long-term renewable energy…
According to a press release, Repsol, a Spanish energy company, has signed six 12-year virtual power purchase agreements (VPPAS) with Microsoft. The agreement comprised of…
OMV Petrom to invest $805 million to build…
Key Points: Sustainable Aviation Fuels (SAF) and Renewable Diesel (HVO) Plant OMV Petrom, a leading oil refinery company, has announced plans to invest $805 million…
Chinese solar industry urges government action amid price…
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…
Europe will need to invest more in sustainable…
European leaders are urged to increase investment in synthetic aviation fuels alongside biofuels to achieve Net-Zero targets and decarbonize aviation by 2050. Relying solely on…
Netherlands concludes largest offshore wind auction for two…
The biggest-ever auction for offshore wind projects in the Netherlands has ended, with major companies set to develop the sites. A group of companies, including…
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…
Integrity Council announces first high-integrity CCP-labelled carbon credits
According to a press release, The Integrity Council for the Voluntary Carbon Market (ICVCM) announced the “first carbon-crediting methodologies that meet its high-integrity Core Carbon…
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…
Japan’s Nippon Life Insurance announces new transition finance…
Japan’s Nippon Life Insurance announced guidelines for offering transition finance loans to steelmakers and utilities, aiming to set a standard for local lenders and businesses. …
Asset manager announces launch of Sustainable Equity Water…
Candriam, a global asset manager, announced the Candriam Sustainable Equity Water Fund. According to a statement, the fund will invest in “economic activities contributing to…
Tronox inks PPA for renewable energy in South…
Tronox Holdings PLC, a titanium dioxide producer, announced it has inked a power purchase agreement (PPA) with South African energy company NOA Group Ltd. According…
Hitachi Energy to invest additional $4.5 billion by…
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…
Citigroup faces pressure after climate activists gather outside…
On Monday, a large group of climate activists assembled outside Citigroup Inc.’s headquarters in downtown Manhattan, launching what they claim to be a prolonged campaign…
US Supreme Court seeks government’s views on lawsuit…
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…
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…
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…
US International Trade Commission investigates Southeast Asian solar…
According to a statement by the US International Trade Commission(USITC), the body voted to continue investigating whether crystalline silicon photovoltaic (PV) cells manufactured in Cambodia,…
ESG funds and sustainable investing outperform traditional funds,…
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…
European Investment Fund partners with Finnish Banks to…
The European Investment Fund (EIF) has finalised agreements with eight leading banks and financial institutions located in Finland to extend assistance to “small and medium-sized…
Iraq unveils gas processing project with an aim…
The Prime Minister of Iraq, Shia Al Sudani, inaugurated the gas processing project at the Halfaya oilfield. According to a statement by Iraq’s Oil Ministry,…
New proposal could set international standards for coal…
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…
Swiss government approves law to boost renewable energy…
The Swiss government approved a new climate bill that aims to enhance the development of renewable energies. The push towards renewable energies is part of…
BNP Paribas AM and other asset managers appeal…
BNP Paribas Asset Management, along with prominent investors such as Federated Hermes Ltd., Mirova, Robeco, and Storebrand Asset Management, has issued a statement urging ESG…
Hong Kong may mandate green taxonomy for banks…
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…
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…
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.…
Allspring Global Investments introduces climate-focused global equity fund
Allspring Global Investments, a global asset management firm, has introduced its first equity fund in its climate transition suite of products by rebranding the Allspring…
States urge property insurance companies to consider climate-threatened…
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…
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…
India presents $500 billion clean energy investment prospects…
At the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore, Sunil Barthwal, India’s Commerce Secretary, highlighted India’s vast investment opportunities within…
Brookfield Asset Management and Microsoft ink largest-ever clean…
Brookfield Asset Management’s energy arm and Microsoft have inked a clean-energy purchase agreement to develop wind and solar farms. The deal, set to commence in…
US Senate panel discuss climate as a cause…
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…
Insurance sector faces ‘tremendous volatility’ amid climate crisis,…
On Thursday, CEO Evan Greenberg told CNBC’s Jim Cramer that climate change is a significant contributing factor influencing insurance prices. “Climate change has created tremendous…
Sri Lanka enacts law to boost renewable energy…
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…
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…
China to add 2.5 GW electrolyser capacity by…
China is reportedly planning to install 2.5 gigawatts (GW) of electrolyser capacity by the end of this year. This capacity is believed to be enough…
US solar industry records 11 GW surge in…
In a press release, the Solar Energy Industries Association (SEIA) announced that a record-breaking 11 gigawatts (GW) of new solar module manufacturing capacity came online…
SSE eyes 800 MW offshore wind farm to…
SSE, a multinational energy company, submitted the planning consent application for the proposed Arklow Bank Wind Park 2 project. The proposed project is reported to…
Africa Energy Bank set up with a capital…
In a press release, the African Petroleum Producers Organization, along with the African Export-Import Bank (Afreximbank), announced the signing of the Establishment Agreement and the…
Sol Systems secures $85 million debt investment from…
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…
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…
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…
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,…
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…
Carbon removal technology could cost much more than…
Climeworks AG claims to have achieved a breakthrough that could halve the cost of removing a ton of carbon from the air. While this could…
Former finance chiefs demand the inclusion of climate…
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…
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…
China debuts world’s largest solar farm
A Chinese state-owned company said on Monday it had connected the world’s biggest solar plant in northwestern Xinjiang to the grid. According to a Reuters…
Warren Buffet-backed Occidental Petroleum and BHE Renewables to…
Occidental Petroleum and BHE Renewables, a subsidiary of Warren Buffet’s Berkshire Hathaway, announced that they were working on a joint venture to extract lithium, according…
ECB warns euro banks on falling behind climate…
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…
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…
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…
Octopus Australia acquires land for $3.5 billion wind…
Octopus Australia, an investment company, announced its acquisition of 28,000 hectares of land near Deniliquin, New South Wales (NSW), to develop the 1-gigawatt (GW) Merino…
European Commission approves Italian State aid scheme to…
In a press release, the European Commission declared that it had granted support for an Italian scheme, under state aid rules, to add 4590 MW…
Elawan Energy and R.Power SA to build 2-GWp…
Elawan Energy, a Spain-based renewables developer, has collaborated with R.Power SA on a joint venture. According to a report by Renewables Now, the venture’s goal…
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…
EU approves Germany’s $1.90 billion payout for coal…
Germany’s economy ministry announced it received preliminary approval from the European Commission to compensate power company LEAG with up to 1.75 billion euros ($1.90 billion)…
World Environment Day 2024 urges our ‘generation for…
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…
Climate advisory firm optimistic about venture capital investments…
Pollination Group, a climate change advisory and investment firm, observes better opportunities for venture capital investments in Australia as the government ramps up support for…
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…
Rio Tinto to invest $143 million to test…
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…
Cairn Oil and Gas to achieve Net-Zero by…
In a press release, Cairn Oil and Gas announced that it is accelerating its efforts to become net-zero by 2030. It is planning to do…
BlackRock invests $500 million in Recurrent Energy towards…
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…
Scotland eases restrictions on rooftop solar panels
The Scottish Government has decided to remove the requirement for planning permission to install solar panels on rooftops. Earlier, planning permission was required to install…
ACWA Power and Tunisia sign MoU for green…
According to a press release by ACWA Power, the company and the Tunisian Government have signed a Memorandum of Understanding (MoU) for a potential project…
EU’s new proposed sanctions on Russia unlikely to…
According to a Reuters report, the new sanctions proposed concerning the transshipments of Russia’s liquefied natural gas (LNG) are not believed to hurt Asian buyers,…
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…
EU to officially withdraw from Energy Charter Treaty
The European Union (EU) is reportedly withdrawing from the Energy Charter Treaty (ECT). Energy ministers met in Brussels to vote on this decision, and they…
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…
Survey reveals emerging cost-effective long-duration energy storage technologies
A survey of seven long-duration energy storage (LDES) technology groups by BloombergNEF, highlights the cost-effectiveness of certain energy storage technologies for longer durations. The survey…
UK’s ex-chief scientific adviser stresses the urgency to…
The Chief Scientific Adviser, Sir Patrick Vallance, who gained prominence during the pandemic, agreed with Sir Keir Starmer’s pledge to decarbonize Britain’s electricity supplies by…
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…
Climate crisis must be top priority in UK…
Green groups are urging that the climate crisis be made a central focus in the upcoming TV debates between Rishi Sunak and Keir Starmer. Several…
German coal company may get $1.1 billion for…
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…
Britain’s Electricity System Operator takes action on inaccurate…
The National Grid Electricity System Operator (ESO) for Great Britain revealed methods to tackle inaccurate data provided by wind generators. The measures taken by the…
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.…
Banks aim to cut carbon emissions in real…
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…
Clearvise AG acquires solar park with a 42MWp…
In a press release, Clearvise AG, a German renewable power producer, announced its acquisition of the Wolfsgarten solar park from ALTUS Renewables GmbH (ALTUS). The…
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…
Sunny side down for Germany’s solar power sector
Germany’s once-promising solar power sector is facing significant headwinds. According to recent market research conducted by SEB Research, Germany’s solar power production superseded demand, creating…
Rewind unveils new protocol For marine carbon dioxide…
Rewind, a carbon removal and storage company, announced its new Marine Terrestrial Biomass Storage (MTBS) Framework Protocol in a blog post. The protocol intends to…
UK Nuclear Association unveils manifesto ahead of general…
Britain’s Nuclear Industry Association (NIA) has announced its planned industry manifesto for 2024 ahead of the general elections. According to Energy Live News, the manifesto…
IFC grants CapitaLand India Trust $200 Million sustainability-linked…
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…
Germany introduces draft law to advance onshore carbon…
The government of Germany has introduced a new draft law reform to boost onshore CO2 storage along with carbon storage projects under the sea. The…
A new guidebook helps asset managers navigate Sustainability…
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…
South Korea to generate 70% of its power…
South Korea aims to get 70% of its electricity from clean energy, such as renewables and nuclear power, by 2038, a significant increase from the…
Homecoming Capital invests $50 Million in CET to…
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…
USA announces initiative to modernize power grid with…
The Biden-Harris administration launched the Federal-State Modern Grid Deployment Initiative to modernise the power grid by gathering the states, federal entities and stakeholders in the…
Andrew Forrest plans massive 2 GW renewable energy…
Squadron Energy, owned by billionaire Andrew Forrest, is seeking to construct a huge renewable energy park with 2-gigawatt (GW) wind and solar farms attached to…
Plural Energy secures $2.33 million to make clean…
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…
Architect behind the world’s tallest skyscraper to design…
Skidmore, Owings & Merrill LLP (SOM), the architecture firm responsible for the world’s tallest building, is exploring methods to construct skyscrapers that can store energy…
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. …
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…
Beatrice Offshore Windfarm Ltd. to pay $42.3 million…
According to the United Kingdom’s energy regulator Ofgem, Beatrice Offshore Windfarm Limited (BOWL) has agreed to pay $42.3 million as a fine for breaching the…
Jakson Green procures $7.2 million funding from HSBC…
Jakson Green Pvt Ltd., a newly established energy transition firm, recently secured $7.2 million as funding from HSBC India, according to a report by The…
US Internal Revenue Service unveils new clean energy…
The US Department of the Treasury and Internal Revenue Service (IRS) released unpublished proposed guidance on technology-neutral clean electricity incentives in the Inflation Reduction Act…
China introduces new policies as renewable energy expansion…
According to a Bloomberg report, China fears its record pace of renewable installations might encounter hurdles. To counter those fears, the government has taken measures…
Amazon, Google, Microsoft sign deals with Duke Energy…
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…
White House announces new measures to support upcoming…
On Wednesday, the White House announced new measures to support the advancement of new nuclear power plants in the United States. Nuclear power is recognized…
Gautam Adani meets Japanese envoy Hiroshi Suzuki to…
Gautam Adani, Chairman of the Adani Group, recently met with Ambassador Hiroshi Suzuki of Japan to discuss a potential renewable energy project, according to a…
Climate Action 100+ backed by global asset owners…
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…
$1 billion funded waste-to-fuel company could collapse
Fulcrum BioEnergy, a clean fuel technology company, secured over $1 billion in funding to convert household waste into eco-friendly fuels for transportation. However, it faces…
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…
GE Vernova signs contract with Kalyon PV to…
According to a press release by GE Vernova, an energy equipment manufacturing company, the company has signed an agreement with Kalyon PV to supply its…
Aramco Ventures funds Xpansiv to boost global energy…
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…
Gentari is among the top competitors for Brookfield’s…
Gentari, the renewable energy division of Malaysian state-owned oil and gas company Petronas, is reportedly the frontrunner in acquiring a part of Brookfield Asset Management’s…
New UNDP strategies to promote renewable and reliable…
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. …
Germany urges the EU to act on phasing…
Germany is urging the European Union to act more efficiently to curb the last 20% of Russian energy imports that are still arriving at the…
Zenobē secures new round of debt financing worth…
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…
Temperatures cross 50°C in parts of north and…
In northern and central India, temperatures soar above 50°C amidst a severe heatwave. Over 37 cities across the nation experienced temperatures surpassing 45°C this week. …
New Jersey to receive $125 million from Orsted…
According to a report by Reuters, the state of New Jersey will receive $125 million in a legal settlement with Orsted, a Denmark-based energy company.…
US government’s new policy to govern usage of…
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…
Cable installation begins for Ireland-France Celtic Interconnector project
The Celtic Interconnector project, a subsea power cable linking the electricity grids of Ireland and France, has taken further steps in transforming the energy infrastructure…
EU’s new hydrogen project to generate $3.5B in…
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…
EU, Australia partner to secure supply of critical…
On Tuesday, the European Union and Australia signed a memorandum of understanding (MoU) to collaborate on crucial minerals. The deal aims to broaden the EU’s…
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…
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…
RWE to build Australia’s first eight-hour battery storage…
RWE, a renewable energy firm, announced in its press release that it is planning to invest in building Australia’s first eight-hour Battery Energy Storage System…
First biodiversity fund to be set by South…
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…
Russia set to build Central Asia’s first nuclear…
Russia is reportedly planning to build a small nuclear plant in Uzbekistan. According to a Reuters report, this project is one of the first of…
Caribbean leader criticizes wealthy nations for “empty” climate…
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…
Egypt partners with China’s second-biggest automaker to produce…
An Egyptian firm has teamed up with the second-largest state-owned car manufacturer in China to produce affordable electric vehicles (EV) in the Middle East’s most…
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…
Russia and Mali commence work on solar power…
Russia and Mali commenced the construction of the largest solar power plant in West Africa on Friday. The construction comes at a time when Mali…
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…
Iberdrola seeks startups to provide offshore wind farm…
Iberdrola, an electric utility company, is looking for startups that can provide its offshore wind farms with advanced inspection and digitisation services using autonomous or…
Rio Tinto and BHP move towards Net-Zero with…
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…
Marathon Digital signs renewable energy deal with Kenya
According to a press release by Marathon Digital Holdings, a US-based cryptocurrency mining firm, and Kenya’s Ministry of Energy and Petroleum signed a memorandum of…
Chemical and plastics associations file lawsuits against California…
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…
Tata Power to raise $1 billion to fund…
Tata Power is seeking to raise $1 billion to fuel its clean energy projects. This potential loan could mark a milestone, potentially becoming one of…
Climate protestors target TotalEnergies over new oilfield development…
The CEO of TotalEnergies informed shareholders that new oilfields must be developed to meet global demand. Climate activists protested outside the annual meetings of the…
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…
Qatar’s $2.5 billion green bond attracts $14 billion…
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…
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…
Tencent announces winners of its CarbonX program
Tencent, the Chinese tech company, is reportedly investing $13.9 million in startups and technologies with promising solutions related to the carbon capture and carbon removal…
German climate activists charged with ‘forming criminal organization’,…
Five members of Letzte Generation, a climate activist group similar to Just Stop Oil in Germany, face charges of “forming a criminal organization.” Civil rights…
Japan’s Itochu signs renewable energy agreement with Google
On Friday, Itochu announced signing a long-term power supply agreement with Google to support the tech giant’s renewable energy objectives in Japan. Through its portfolio…
Eurazeo targets 750 million euros for a new…
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…
Microsoft signs agreement with RWE for supply of…
According to a media release, RWE, a renewable energy company, has signed two 15-year power purchase agreements (PPAS) with Microsoft Corporation. Under the agreements, Microsoft…
Plug, Airbus, Delta and Atlanta International Airport collaborate…
Plug Power, a hydrogen solutions company has announced its collaboration with Airbus, Hartsfield-Jackson Atlanta International Airport (ATL), and Delta Air Lines to conduct a study…
Australian state halts Glencore’s carbon storage project over…
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…
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…
Iberdola extends alliance with Bayer to supply green…
Pharmaceutical giant Bayer AG and Iberdrola SA, a Spanish-based utility firm, have entered an 11-year power purchase agreement. According to a news release by Iberdrola,…
California budget pledges $22 million for climate disclosure…
California Governor Gavin Newsom amended the proposed 2024-2025 state budget to add $22 million to fund the state’s corporate climate disclosure laws and other climate…
Holcim to endow $500 million in plant for…
According to a media release, Holcim ,a sustainable construction company, announced the commencement of the construction of its Net-Zero cement plant in Belgium. The GO4ZERO…
South Africa may move to WTO against EU’s…
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…
Carbon Streaming announces reforestation project with Microsoft and…
According to a media release, Carbon Streaming Corporation announced the Azuero reforestation project in collaboration with Microsoft and Rubicon Carbon Capital LLC. The organization also…
Young residents file climate change lawsuit against Alaska’s…
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:…
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…
OpenAir Collective starts campaign for approval of new…
A new law in New York might soon come into force to encourage the deployment of carbon removal technology in buildings. The New York City…
Berlin court orders German govt to strategize sector-specific…
A Berlin court has instructed the German government to revise its 2023 climate plan to align with sector-specific 2030 goals. The ruling, issued by the…
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…
Vedanta to avoid coal and move towards renewables,…
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,…
NCX reveals reason behind termination of popular carbon…
The Natural Capital Exchange (NCX), a forest carbon project developer, in 2018 had commenced a carbon credits program but was discontinued after a term of…
Otherlab announces free tech for ocean carbon removal
Otherlab, a climate technology innovation hub, announced the free and non-commercial use of the Trofix Upweller. This technology is designed for ocean restoration and coral…
First all-electric school bus fleet in the US…
Battery-operated school buses in Oakland, California, are anticipated to reduce emissions and provide sufficient electricity to power at least 300 homes. A recent report from…
Digital program on climate change to be delivered…
ITZA, an e-learning specialist, intends to launch its One Planet digital resource, an interdisciplinary online program on climate change and how to protect the planet,…
Climate change responsible for UK’s waterlogged winters, scientists…
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…
New direct air capture facility begins trial in…
280 Earth, Inc. announced the completion of its developmental process and the beginning of operations of its first direct air capture (DAC) facility. The DAC…
Climate poses ‘high risk’ to Asia-Pacific real estate…
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…
Pilot carbon capture unit begins operations at ArcelorMittal’s…
A carbon capture unit operating on a blast furnace has started its trial run at ArcelorMittal’s facility in the Belgian city of Ghent. According to…
Brookfield plans to invest $500 million in India-based…
According to a Bloomberg report, Brookfield Asset Management is planning to make a substantial investment of $500 million in India-based Leap Green Energy. This significant…
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…
‘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…
UK to forego surplus carbon carry forward to…
As per the United Kingdom’s Climate Change Act, if total emissions are less than the limit set, the government can carry forward the surplus to…
Clean energy firm RWE 600MW of solar and…
The clean energy firm RWE acquired 500 Megawatts (MW) of solar and energy storage development projects from Galehead Development LLC. With the acquisition of three…
Pressure mounts on Biden administration to halt deepwater…
The Biden administration faces increased calls to strengthen its restrictions on America’s growing fossil fuel trade. This includes stopping the construction of new deepwater oil…
Investor group calls on policymakers to build a…
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…
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…
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…
Norway’s first extensive carbon capture storage project is…
A carbon capture storage (CCS) project powered by TotalEnergies, Shell and Equinor is underway in Norway. The project, Northern Lights, is said to be Norway’s…
Chevron to end North Sea presence with Clair…
Chevron is reportedly selling its stake in the Clair field and other North Sea assets. The energy corporation plans to sell a 19.4% stake in…
Ford supports Biden administration’s environmental rules to cut…
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…
Peatland project begins in Cambridgeshire to capture 4,000…
The Peatland Progress initiative has begun its project to seal 4,000 tonnes of carbon by creating a wetland. Launched on 23 June last year as…
US regulatory body investigates malpractice in the voluntary…
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…
Australia positioned to become $600 million carbon capture…
A press release by Australian Energy Producers reported that according to Wood Mackenzie’s article published in the 2024 Australian Energy Producers Journal, Australia could transform…
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…
ClearBlue and Kita collaborate to enhance voluntary carbon…
According to a press release, ClearBlue and Kita are collaborating to “increase precision and integrity of carbon insurance models”. They plan to do so by…
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…
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…
China aims to extend its lead in green…
China is reportedly upping its competitive edge in advanced technologies to tackle global warming by making advancements in carbon capture storage (CCS) technologies. Advanced technologies…
Environmental activists demand transparency in Russia’s climate strategy
Activists are pressing Russia’s constitutional court to review the nation’s climate policies, specifically its significant methane emissions. The claim, brought forth by 18 individuals and…
Heriot-Watt University uses AI to accelerate carbon capture…
As researchers globally look for advancements to address climate change, Heriot-Watt University achieved a breakthrough in carbon capture and storage (CCS) technology. CCS is a…
Private equity group proposes ‘green iron’ processing facility…
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.…
Petrovietnam announces comprehensive plans to cut greenhouse gas…
Petrovietnam and its members have unveiled plans to strengthen their solutions regarding carbon emission reduction. According to Vietnam News, Petrovietnam is updating its strategy to…
New South Wales implements stricter regulations for polluters…
New coal mines, gas fields, and other major sources of greenhouse gases in New South Wales will now face stricter regulations to minimise pollution and…
Methane emissions by US landfills exceed federal limits,…
An analysis of inspection reports found that nearly two dozen US landfills frequently exceeded federal methane emission limits, often reporting lower levels than actual. The…
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…
CapturePoint and Energy Transfer collaborate on a joint…
CapturePoint and Energy Transfer joined hands to develop a joint carbon capture and permanent deep storage project in Louisiana. CapturePoint LLC and its affiliate CapturePoint…
Norway’s $1.6 trillion sovereign wealth fund asks Shell…
Norway’s $1.6 trillion sovereign wealth fund has asked Shell to provide more information about its updated climate targets. However, the fund will oppose an independent…
JERA unveils decarbonisation plans with investments worth $32…
JERA, Japan’s leading power utility firm, unveiled its plans to invest 5 trillion yen in renewable energy and new fuels like hydrogen and ammonia. The…
Microsoft launches counteractive measures to reduce increasing carbon…
In light of its increasing greenhouse gas (GHG) emissions since 2020, Microsoft is reported to have adopted over 80 counteractive measures to remit the 29%…
Japan’s Mizuho to invest $13 billion to develop…
Tokyo-based banking and financial services company Mizuho Financial Group announced a new objective. The company intends to provide JPY 2 trillion (USD$13 billion) in financing…
FERC passes historic transmission rule
The Federal Energy Regulatory Commission issued a revolutionising reform, which is being regarded as a milestone of a decision. FERC issued a new rule, Order…
China to build first ‘green’ aviation fuel with…
Biofuel companies are investing over $1 billion to construct China’s first plants converting waste cooking oil into aviation fuel. This investment aims to meet both…
US advances decarbonisation efforts with carbon capture projects…
The Biden government is strategically focusing on carbon capture and storage (CCS) networks as a potential solution to accelerate the country’s decarbonisation process. This approach…
India’s largest climate impact fund to raise $1…
Eversource Capital, which managed India’s largest climate impact fund in 2022, aims to raise at least $1 billion to support companies in other Asian countries,…
Carbon credit demand will exceed supply by 2030
Abatable, a carbon intelligence and procurement platform, said in a new report that the demand for carbon credit provided through the Carbon Offsetting and Reduction…
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…
UK under danger of losing its spot on…
The UK Sustainable Investment and Finance Association (UKSIF) has released a report indicating potential challenges facing the UK’s leadership in global green finance. According to…
Logistics company tests first-ever electric transport for long-distance…
DB Schenker in Sweden introduces a fully electric Scania R 450e lorry for long-distance deliveries. This e-truck will operate between Jönköping and Södertälje, covering a…
20 finalists announced in XPrize’s $100 million carbon…
Researchers and scientists seek solutions as climate crisis persistently looms over the planet’s future like a black cloud. Now, entrepreneurs have also actively joined the…
Request Filed to Assess Pathways Alliance Carbon Capture…
A request was submitted to the Alberta Energy Regulator this week by a group of enviornmentalists and indigenous people regarding Pathways Alliance’s carbon capture network.…
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…
US to get New Aluminium Smelter that can…
Aluminum plays a critical role as a raw material in the effort to combat climate change. Nevertheless, the industry must undergo substantial changes to transition…
Exxon under fire again for falling short on…
Exxon Mobil Corp is again under scrutiny from environmentally focused investors who argue that the company is not meeting its climate-related commitments. Criticism of the…
China orders for energy-efficiency plans to meet targets
China’s state planner, the National Development and Reform Commission (NDRC), has directed provinces to create energy-efficiency plans for entities responsible for roughly 70% of energy…
50 MPs plead Rishi Sunak to backtrack on…
A group of 50 politicians, including three from the Conservative party, have urged Britain’s Prime Minister Rishi Sunak to back down on his plans to…
Worley wins contract to develop Bayou Bend Carbon…
Worley, an Australia-based sustainability solutions company, has won a contract to develop and assess CO2 gathering, transportation and storage systems for the Bayou Bend carbon…
Net Zero Teesside UK Project to Emit 20M…
According to research submitted by Andrew Boswell to the UK Government, The Net Zero Teesside scheme (NZT), will emit over 20 million tonnes of carbon…
Indonesia’s state energy firm, Exxon, KNOC sign agreement…
Indonesia’s Pertamina, ExxonMobil, and South Korea’s KNOC agreed to develop a carbon capture and storage (CCS) hub in Indonesia. Pertamina and ExxonMobil will collaborate on…
US appeals court upholds Biden administration’s biofuel mandate…
A US appeals court has confirmed a rule from President Biden’s administration on biofuel blending requirements for oil refiners from 2020 to 2022. The court…
Biden to quadruple tariffs on Chinese EVs with…
President Joe Biden plans to increase tariffs significantly on Chinese electric vehicles (EV) and other key industries this week, emphasizing the move as a defence…
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…
Australia to invest $15 billion in renewable energy,…
On Tuesday, the Australian government announced an A$22.7 billion ($15.0 billion) package to strengthen domestic manufacturing and renewable energy sectors and decrease dependence on foreign…
Schneider Electric to automate India’s largest single-stage wastewater…
Schneider Electric supports India’s Namami Gange initiative by implementing sustainable automation at Delhi’s largest single-stage wastewater treatment plant. SUEZ is building the plant under the…
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…
Investment manager steps into nature-based carbon credit market
Octopus Investments has introduced a new Natural Capital Strategy to acquire UK land-based assets to generate carbon removal credits and other revenue streams. This move…
Startup develops vaccine that can reduce methane emissions…
A Boston-based startup is in the process of developing a vaccine that can curb methane emissions that are emitted by livestock. ArkeaBio, an ag-biotech company,…
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…
Japan to map out a decarbonizing strategy by…
The Japanese government plans to develop a new national strategy by the end of March next year, focusing on decarbonization and industrial policy toward 2040. …
EU approves law to cut CO2 from heavy-duty…
European Union countries officially approved a law on Monday to reduce truck carbon dioxide emissions. This law mandates that most new heavy-duty vehicles sold in…
Private equity firm offer to buy Swedish renewable…
On Monday, private equity firm EQT announced a cash offer to acquire Swedish renewable energy group OX2 for 16.4 billion crowns ($1.51 billion). EQT is…
Decision looms for Glencore’s carbon capture approval in…
This month, Queensland state in Australia will decide whether to approve Glencore’s request to bury liquefied carbon dioxide in the country’s largest aquifer. Farm groups…
Court rejects Republican-led states’ attempt to halt SEC’s…
On Friday, a federal appeals court rejected a lawsuit by four Republican-led states trying to stop a US Securities and Exchange Commission rule. This rule…
First US-built boat for maintaining offshore wind farms…
A new boat Eco Edison, designed to support operations in US offshore wind farms, will be launched in New Orleans on Saturday in the presence…
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…
Green hydrogen startup Hysata raise $111 million in…
Australia-based Hysata, a startup focused on green hydrogen, announced it has raised $111 million in a Series B funding round. The funding will support advancements…
Singapore Airlines signs agreement with Neste to purchase…
Singapore Airlines (SIA) Group has partnered with Neste to acquire 1,000 tonnes of neat Neste MY Sustainable Aviation Fuel in an effort to reduce its…
South Africa to secure $2.6 billion deal for…
South Africa is preparing for a transition in its energy sector, seeking $2.6 billion in climate finance by proposing a revised timetable for closing coal-fired…
Republican attorneys sue EPA over carbon rule
Republican attorneys general from 27 US states, and industry trade groups filed lawsuits to block a new Environmental Protection Agency rule to reduce carbon emissions…
Dutch pension fund to focus its sustainable investments…
The Dutch multi-sector pension scheme PGB has chosen three ‘focus themes’ for its sustainable investments based on member preferences: climate change, biodiversity loss, and sustainable…
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…
Confidential documents reveal carbon offsets are largely ineffective
Staff at a prominent corporate climate action group, whose board proposed a plan allowing companies to offset supply chain greenhouse gas emissions with carbon credits,…
Hunger, diseases on the rise post record heat,…
According to a report from the World Meteorological Organization (WMO), hunger and disease are increasing in Latin America due to a year of extreme heat,…
Investment firm KKR, HASI launches $2 billion venture…
Investment firm KKR and Hannon Armstrong Sustainable Infrastructure Capital (HASI) have launched a new venture called CarbonCount Holdings 1 LLC (CCH1) to invest up to…
Spain’s Official Credit Institute to invest €15 million…
Spain’s Official Credit Institute (ICO) has committed to invest €15 million in Spanish insurance group Mapfre’s green biofuel fund. Mapfre, in collaboration with IAM Carbonzero,…
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…
All-female patrol group vow to protect the Amazon…
According to a BBC report, The Yuturi Warmi, an Ecuadorian patrol group, is determined to defend their community’s land in the Amazon Rainforest against pollution…
Asset manager to invest $35 million in renewable…
On Tuesday, AMPIN Energy Transition announced that Switzerland-based asset manager responsAbility, will invest up to $35 million on behalf of its investors in the renewable…
Siemens Energy to restructure management of its troubled…
Siemens Energy announced that Jochen Eickholt, who became CEO of Siemens Gamesa in March 2022, will step down at the end of July and will…
April marks 11th consecutive month of record temperatures
According to the European Union’s climate change monitoring service, the world just had its hottest April on record, continuing an 11-month streak in which each…
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%…
India’s Bengaluru sees spells of rain after months…
Recent showers in Bengaluru have provided relief to residents from the persistent heat experienced over the last few months. According to the Indian Meteorological Department…
Asheville-based renewable energy firm secures $650 million for…
Pine Gate Renewables, headquartered in Asheville, has secured a $650 million investment from three partners. Generate Capital, the Healthcare of Ontario Pension Plan and HESTA.…
Exxon, Chevron CEOs demand clear rules on US…
On Monday, top executives of US oil giants Exxon Mobil and Chevron Corp emphasised the necessity for the US to provide clear guidelines on energy…
Investment in clean energy manufacturing soared to $200…
In a first-of-its-kind analysis, Advancing Clean Technology Manufacturing reports that global investment in manufacturing five key clean energy technologies (solar PV, wind, batteries, electrolysers, and…
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…
Leading health funders team up in $300 million…
Three major global health funders have partnered for the first time in a $300 million initiative to address the interconnected challenges of climate change, malnutrition,…
Brussels Airport to achieve net zero target by…
Brussels Airport Company is significantly ramping up efforts to reach net zero carbon emissions by 2030, aiming to eliminate all carbon dioxide emissions (scopes 1…
Deutsche Bank appoints Trisha Taneja as global head…
Deutsche Bank announced the appointment of Trisha Taneja as the global head of environmental, social, and governance (ESG) for the origination and advisory division. Taneja…
Britain’s new climate action plan unlawful due to…
London High Court has ruled that Britain’s latest climate action plan is unlawful because ministers were not adequately informed of the risks associated with key…
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…
Delay in energy transition could impact investments, says…
According to a report by consultancy Wood Mackenzie, a five-year delay in decarbonization efforts could raise global average temperatures by 3 degrees Celsius above pre-industrial…
Air France, Lufthansa Group among 20 other airlines…
Air France, its Dutch arm KLM, Norwegian, SAS, and multiple Lufthansa Group airlines are among 20 carriers under investigation by the European Union for potential…
PG&E nears deal to sell power assets to…
California utility Pacific Gas & Electric (PG&E) announced that it is close to finalizing an agreement to sell its power generation assets to KKR, a…
Canada’s 2022 greenhouse gas emissions rose less than…
Environment Minister Stephen Guilbeault announced on Thursday that Canada’s greenhouse gas emissions in 2022 increased by a smaller amount than anticipated, following the peak of…
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…
Major carbon credit programs receive initial approval amid…
Five of the largest carbon credit programs worldwide have received initial approval from a regulatory body dedicated to enhancing standards in the carbon offset market.…
Australia’s second-largest pension fund to stop investing in…
On Thursday, the Australian Retirement Trust announced that it will cease investing in most thermal coal companies starting in July as part of its strategy…
China warns of climate setback amid US-Europe push…
According to Liu Zhenmin, appointed by Xi Jinping as Special Envoy for Climate Change, efforts by the US and Europe to curb China’s leadership in…
Australia hits historic high with 36% renewable electricity…
Renewable energy produced more than one-third of Australia’s electricity in the first quarter of 2024, marking a record high for solar and wind farms during…
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…
White House introduces reforms to fast-track clean energy,…
On Tuesday, the White House changed the US environmental review process for large-scale projects. Officials believe these reforms will expedite approvals for various activities, including…
New Mexico imposes record $24.5 million fine on…
The state of New Mexico has levied a historic fine of $24.5 million against oil and gas company Ameredev II, LLC, over alleged violations of…
UN launches forum for insurance transition to net…
In response to the closure of the Net-Zero Insurance Alliance (NZIA) and amid calls for stronger climate action, the United Nations has introduced the Forum…
Britons demand fossil fuel-free pension investments as calls…
A recent poll conducted by DIY investment platform Tillit has revealed a growing desire among Britons for more control over their pension funds, with one-third…
NEoT Green Mobility raises €60 million for zero-emission…
NEoT Green Mobility (NGM), based in Paris and dedicated to financing zero-emission mobility projects, has announced securing an additional €60M from its key investors, Mirova,…
German parliament passes controversial climate reform
In a move aimed at reshaping Germany’s approach to climate protection, the Bundestag, the lower house of the German parliament, has approved a significant overhaul…
Death toll rises as Southeast Asia grapples with…
Bangkok issued extreme heat warnings last week as the heat index reached “very dangerous” levels. Government data indicates that about 30 people have died from…
Nature degradation could lead to 12% GDP loss…
An analysis conducted by the Green Finance Institute (GFI) reveals that the deterioration of the UK’s natural environment poses a significant threat to the economy,…
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…
Maritime Transport to replace diesel trucks with electric,…
Maritime Transport is progressing toward eco-friendly trucking by replacing diesel trucks with new electric semi-trucks. The company has placed an order for a total of…
Calstrs delays climate report due to errors, concerns…
One of the world’s largest pension plans, Calstrs, has announced a delay in the publication of its 2023 climate report after uncovering inaccuracies in its…
UAE Energy Minister foresees surpassing renewable energy targets
At the World Economic Forum’s special meeting in Riyadh, UAE’s Energy Minister, Suhail Al Mazrouei, expressed confidence that the country may surpass its target of…
Customer experience solutions launches sustainability campaign
Concentrix, a provider of customer experience solutions, has initiated the ‘Go Clean, Go Green’ campaign. This campaign involves organizing cleanliness drives in public areas such…
BHP’s potential takeover bid of Anglo American spotlights…
The metals industry is abuzz with talks of a monumental £31 billion ($39 billion) takeover bid by Australian behemoth BHP Group Ltd for Anglo American…
Japan’s biggest utility firm to invest in low-carbon…
Japan’s largest utility, JERA, seeks opportunities to invest in low-carbon hydrogen and ammonia projects in the Middle East and intends to purchase their output. JERA…
Canada boosts biofuel industry with multi-billion dollar support…
Canada’s biofuel industry is poised for a significant boost following the federal government’s announcement of a multi-billion dollar financial support package. While industry stakeholders welcome…
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…
Barclays says more money needs to go towards…
Barclays Plc suggests that additional funding should support climate transition projects that are too sophisticated for venture capitalists and too new for infrastructure investors. According…
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…
Solar power boosts India to record renewable energy…
According to Rystad Energy, India achieved its highest annual installed renewable energy capacity of 18.5 gigawatts (GW) for the fiscal year ending March 31, 2024.…
Climate finance veteran Tim Newell drives spin-off of…
Tim Newell, a seasoned expert in fintech and sustainability, has partnered with climate finance firm Aspiration Partners, Inc., to separate Aspiration’s green consumer financial services…
Fossil fuel investment prompts lawsuits from US university…
Organizers from Columbia University, Tulane University, and the University of Virginia have contacted attorneys general, arguing that their universities’ investments in fossil fuels violate the…
EU parliament passes stricter air pollution limit
The European Parliament passed stricter, legally binding air pollution limits and mandated compliance by 2030. The move comes in response to the World Health Organization…
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…
Woodside’s shareholder rejects climate plan
Woodside’s shareholders on Wednesday voted against the company’s climate plan, halting its plan for new fossil fuel projects and dealing a significant blow to Australia’s…
Calls mount for accelerated action on sustainable finance…
In two separate open letters released recently, advocates have urged the Canadian federal government to expedite the development of a sustainable finance taxonomy aimed at…
Australian securities regulator urges firms to prepare for…
Joe Longo, Chair of the Australian Securities and Investments Commission (ASIC), has underscored the necessity for Australian businesses to ready themselves for forthcoming mandatory climate…
Scotiabank’s 2024 Net Zero Research Fund calls out…
Scotiabank, one of Canada’s largest multinational banking firms in Toronto, revealed its call for grant submissions. The Net-Zero Research Fund is open to organizations within…
Biden administration announces $7 billion grants for residential…
In a landmark move coinciding with Earth Day, the Joe Biden administration unveiled a $7 billion initiative aimed at facilitating the installation of residential solar…
Climate bonds standard expands certification to promote deforestation-free…
In response to the urgent need for sustainable agri-food systems amidst climate change and biodiversity loss, the Climate Bonds Standard has broadened its Certification to…
Australia’s Macquarie launches $1.5 billion Indian EV financing…
The Australian financial giant Macquarie Group has revealed its initiative to establish an electric vehicle (EV) financing platform to revolutionize India’s transportation industry. Macquarie’s latest…
Bhutan, Tiger Conservation Coalition to raise $1 billion…
The Sustainable Finance for Tiger Landscapes Conference ended positively, a landmark event for global conservation. Her Majesty The Queen of Bhutan inaugurated the conference, championing…
Carbon removal registry reaches breakthrough by certifying first…
The newly launched Carbon Removal Registry Isometric made its debut on Monday, issuing its first credits to the Frontier fund led by Stripe. While the…
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…
Hyundai launches EcoGram in Gurugram
In a move towards environmental sustainability, the Hyundai Motor India Foundation (HMIF) has unveiled EcoGram in Gurugram, Haryana, showcasing its commitment to eco-friendly initiatives. Operational…
Passive funds may face hurdles in UK’s new…
Concerns are mounting that passive, index-tracking funds might be notably absent from the UK’s forthcoming “green” fund regime, according to a recent report from the…
Otis receives approval for science-based GHG emissions reduction…
Otis, an elevator and escalator manufacturing, installation, and service company in India, has announced the approval of its near-term science-based greenhouse gas (GHG) emissions reduction…
SOCAR and bp showcase methane emission reduction efforts…
Representatives from local oil and gas operators embarked on field visits to the Neftianye Kamni Oil Field and the Sangachal Terminal, organized by the State…
South Korea’s constitutional court hears climate protection case
South Korea’s Constitutional Court commenced hearing on Tuesday in a case accusing the government of failing to protect the well-being of 200 people, including dozens…
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…
Boeing partners with Wagner to boost SAF availability…
Boeing has announced a strategic collaboration with Wagner Sustainable Fuels aimed at enhancing the availability of sustainable aviation fuel (SAF) in Australia. The partnership will…
Demark launches biggest offshore wind tender
Denmark on Monday initiated its biggest offshore wind tender to date, signaling a pivotal move towards bolstering its renewable energy capacity. The tender launched by…
Mongolia signs nature finance deal to preserve grasslands
Mongolia’s government and a coalition of partners have inked a nature finance agreement to protect 35.6 million acres (144,000 square km) of the country’s lands…
JSW Energy secures letter of award for 700…
JSW Energy has announced that its subsidiary, JSW Neo Energy, has been awarded a letter of award from NTPC for the development of a 700…
Fed to implement Clean Electricity Investment Tax Credit
The federal government is set to advance the Clean Electricity Investment Tax Credit (Clean Electricity ITC), initially proposed last year. This initiative entails a 15%…
New Zealand commits $25 million to ADB’s energy…
New Zealand has pledged $25 million to the Energy Transition Mechanism Partnership Trust Fund (ETMPTF) of the Asian Development Bank (ADB), reinforcing efforts to foster…
Controversial practice of ‘avoided deforestation’ in Amazon raises…
A recently published report by the Washington Post documented the practice of ‘avoided deforestation’ in a the heart of the Amazon rainforest. The Peruvian timber…
BHP to receive first ammonia-fuelled carrier by 2026…
The global mining giant, BHP Group plans to receive its first ammonia-fuelled bulk carrier in 2026 to cut shipping emissions, Reuters reported on Monday citing…
World Bank secures $11 billion in pledges for …
In a significant move to address pressing global issues, the World Bank said countries have committed to contributing more than $11 billion to new hybrid…
Biden-Harris administration announces first recipients of $1.93 billion…
The Biden-Harris Administration has revealed the first recipients of significant investments in clean energy manufacturing. As a component of the comprehensive Investing in America agenda,…
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,…
PM Sunak must do more to tackle climate…
The head of the UK government’s advisory body has stated that Prime Minister Rishi Sunak needs to ramp up efforts in addressing climate change, particularly…
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…
Holtec International sues New York State over nuclear…
Holtec International, the company responsible for decommissioning the Indian Point nuclear power plant in New York, has filed a lawsuit against the state challenging its…
Basic Energy and Japan’s Renova join forces for…
Basic Energy Corp. solidified its collaboration with Japan’s Renova Inc. through a joint development and shareholder agreement concerning the Mabini wind project, which is projected…
Study reveals alarming rates of subsidence in China’s…
A study utilizing nationwide satellite data, published in the journal Science, indicates that nearly half of China's major cities are experiencing "moderate to severe" levels…
Financial firms rally for treaty to combat plastic…
Ahead of the upcoming fourth meeting of the Intergovernmental Negotiating Committee on Plastic Pollution (INC-4) in Ottawa, 160 financial companies are urging governments to establish…
Investor returns could suffer from low renewable energy…
Speaking at the Irena Assembly in Abu Dhabi on Wednesday, EU energy commissioner Kadri Simson said that reducing European electricity prices could bring down returns…
Higher interest rates threaten renewable energy sector
Analysts warn that the renewable energy sector faces significant challenges due to soaring interest rates, posing a threat to the worldwide transition to sustainable energy.
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…
Biden to announce winners of $2 billion in…
Siemens Energy Inc., a renewable energy firm, and Danish electrolyzer manufacturer Topsoe A/S are among the numerous recipients poised to benefit from approximately $2 billion…
Financial sector urge for international treaty to curb…
A group of 160 financial companies on Friday urged governments to agree on a treaty to end plastic pollution, which would enable them to make…
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…
Strategies for accelerated climate finance according to the…
As the urgency of climate change intensifies, governments worldwide are implementing policies to stimulate private climate finance. However, effective mobilization requires innovative strategies tailored to…
ABB invests in GridBeyond to enhance energy management…
ABB has announced a minority investment in GridBeyond, a technology company specializing in energy management solutions driven by artificial intelligence and data science.
Scotiabank issues first €1 billion green bond in…
Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns with Scotiabank's Sustainable Issuance Framework, released…
Australia delays environmental law reforms, raising concerns for…
The Australian government has backtracked on its commitment to reform environmental protection laws, indefinitely deferring necessary changes to the Environment Protection and Biodiversity Conservation Act.
JDE Peet’s expresses concerns over tight deadline to…
JDE Peet's, a major coffee company, raised concerns over the stringent timeline set by the new EU law banning the import of commodities and related…
EU carbon price drop threatens funding for green…
The European Union faces a potential shortfall in funding for green technologies as the price of carbon permits dropped significantly this year, affecting the EU…
UAE grapples with aftermath of record-breaking storm, flights…
The United Arab Emirates (UAE) continues to confront the aftermath of a historic storm that struck earlier this week, severely impacting daily life and travel.
EPA establishes national limits on ‘forever chemicals’ in…
The Environmental Protection Agency (EPA) has set nationwide restrictions on six varieties of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water, marking the first time…
Shell urge shareholder to reject shareholder’s climate resolution
Shell urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, which calls for the energy company to set stringent…
Biden Administration to reverse solar panel trade exemption,…
The Biden administration plans to grant a request by South Korea's Hanwha Qcells to revoke a two-year-old trade exemption that allowed for the import of…
Apple to expand its clean energy investment by…
Apple announced its decision to ramp up clean energy initiatives worldwide towards achieving carbon neutrality across its operations by 2030.
White House renews talks on declaring climate emergency
White House officials are revisiting the possibility of declaring a national climate emergency, a groundbreaking action that could grant federal powers to limit oil development.
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…
Singapore, partner to raise $5 billion to support…
Singapore plans to raise $ 5 billion along with its international partners that will help finance climate initiatives in Asia, the Monetary Authority of Singapore…
Three-quarters of the Great Barrier Reef affected by…
A recent report from Australian authorities has delivered concerning news about the state of the Great Barrier Reef, revealing that approximately three-quarters of the reef…
Kenya’s carbon credits attract attention from Netflix, Apple,…
According to a new report by the World Bank, companies like Netflix, Apple, and Shell are investing in Kenya's carbon credits. Kenya is Africa's second-largest…
Chevron arm launched $500 million for low-carbon technologies…
Chevron's venture capital arm said it has launched its third fund committing $500 million to invest in renewable energy technologies, as major oil companies seek…
Acre Impact Capital launch $100 million fund for…
Two former BNP Paribas bankers have spearheaded a new initiative, raising nearly $100 million for a fund aimed at catalyzing financing for climate-aligned infrastructure projects…
US creates climate and trade task force to…
The U.S. will create a new trade task force to reduce carbon emissions from global commerce and manufacturing, according to a Reuters report citing White…
World leader urge nations to ratify UN Ocean…
The European Union, along with the governments of 13 countries, has called upon nations to prioritize the ratification of a UN treaty aimed at protecting…
Smart energy company completes Series C funding of…
GridBeyond, a smart energy company, has completed a Series C funding round of €52M ($55 million). This funding will aid the company in scaling up…
Dubai comes to a standstill as cloud seeding…
Torrential rains have caused flooding across the United Arab Emirates, leading to flight cancellations, school closures, and traffic jams. The heavy rainfall is partly due…
Japan sets sights on ambitious renewable energy targets…
Japan is gearing up to establish ambitious targets for renewable energy and other sources in its national electricity mix by fiscal 2040, with plans to…
Germany approves ambitious hydrogen pipeline network
The German parliament, Bundestag, has given its approval for the construction of an extensive 9,700-kilometre pipeline network dedicated to transporting hydrogen across the nation and…
Sublime Systems receives potential $87 million funding for…
Sublime Systems, a startup in the realm of sustainable construction materials, has been selected by the US Department of Energy’s Office of Clean Energy Demonstrations…
EU to invest 3.5 billion euros for ocean,…
The European Union has pledged 3.5 billion euros towards ocean protection and sustainability this year through a series of initiatives, the EU's top environment official…
Industrial gas manufacturer receives funding to build hydrogen…
On Monday, Air Products and Chemicals, an industrial gas manufacturer based in Pennsylvania, announced that it had secured funding to construct two hydrogen refueling stations…
Singapore’s carbon management firm and Malaysian University collaborate…
Universiti Teknologi Malaysia (UTM) and Climate Resources Exchange International (CRX) from Singapore have signed a Memorandum of Understanding (MoU) to lead carbon-related projects in Malaysia.…
Air New Zealand purchases green fuel from Finland’s…
Air New Zealand has sealed its most significant deal for sustainable aviation fuel (SAF) with Finland-based petroleum refiner Neste to decarbonise and meet its net-zero…
Metal recycling startup to generate $1 billion in…
Runaya, a startup in metal recycling, aims to reach a revenue of $1 billion by the fiscal year 2030, coinciding with its target of achieving…
US EPA denies petition to exempt turbine from…
The U.S. Environmental Protection Agency on Monday denied a petition by energy industry groups seeking to remove stationary combustion turbines from the list of sources…
India’s Mahindra Group to invest ₹1,200 crore in…
On Monday, Mahindra Group declared a Rs 1,200 crore investment in renewable energy projects in India, including a 150 MW hybrid project combining solar and…
Mexico’s presidential candidate vows $13.6 billion to boost…
The frontrunner for Mexico's presidency, Claudia Sheinbaum, has proposed a plan to allocate approximately $13.6 billion towards expanding the country's use of renewable energy while…
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…
World Bank approves billion-dollar loan to boost Pakistan’s…
Pakistan's energy sector is poised for a significant transformation as the World Bank greenlights a billion-dollar loan aimed at funding energy projects within the country.…
Biodel Ag and Carbon Asset Solutions forge carbon…
Biodel Ag, Inc., a US-based carbon project developer specializing in regenerative agriculture, and Carbon Asset Solutions Ltd. ("CAS"), a prominent carbon registry and MRV (Measurement,…
Maldives inaugurates ESG reporting framework for private sector
The Maldives has taken a significant step towards enhancing sustainability practices in its private sector with the development of the nation's inaugural Environment, Social, Governance…
Australia faces solar waste crisis as recycling facilities…
Australia is confronting a looming environmental challenge as the country is projected to generate over 50,000 tonnes of solar waste annually due to the rapid…
EU, UK continue to lead G20 in low-carbon…
Since the first edition in 2021, the EU and the UK have consistently held the leading positions in BloombergNEF's assessment of the Group of 20's…
World Bank greenlights $1 billion for Dasu project
The World Bank approved a $1 billion loan to finance the Dasu hydropower project in Pakistan, aiming to make electricity more affordable.
India braces for soaring temperature as parts of…
India is preparing for a temperature surge in the upcoming weeks, which could strain power grids and endanger lives, especially as election rallies increase.
Biodel Ag, Carbon Asset Solutions partner to deliver…
Biodel Ag, a US company specializing in regenerative agriculture carbon projects, has partnered with Carbon Asset Solutions Ltd., a carbon registry and MRV provider. Together,…
Climate advocates push Japan’s top banks for stricter…
Climate groups, including Australia's Market Forces, Japan's Kiko Network, and a representative from the Rainforest Action Network, have submitted shareholder proposals to Japan's leading banks,…
‘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…
Middlesex Water Company prepares for new EPA regulations…
Middlesex Water Company in a recent announcement, reaffirmed its commitment to providing safe, clean, and reliable water services by proactively addressing the new national drinking…
Arq positioned to benefit from EPA’s stricter regulations…
Arq, a producer of environmentally efficient carbon products, anticipates a surge in demand following the Environmental Protection Agency's (EPA) announcement of enhanced regulations targeting per-…
Parsons Corporation to assist clients in meeting EPA’s…
Parsons Corporation a prominent player in Per and Polyfluoroalkyl Substances (PFAS) investigation and remediation, reaffirms its commitment to aiding clients in addressing PFAS challenges and…
Trump victory no threat to ESG funds, assures…
Ian Simm, founder and CEO of Impax Asset Management, believes that investment funds emphasizing environmental, social, and governance (ESG) factors can withstand a potential victory…
US coffee chain Bluestone to offer sustainable beanless…
U.S. coffee chain Bluestone Lane will start selling espresso coffee made from farm foods such as date seeds, guava and sunflower from August in a…
Oklahoma sues two energy companies, accusing them of…
According to a press release from the Oklahoma Attorney General's office on Wednesday, the state has filed a lawsuit against two energy companies, alleging manipulation…
US achieves clean energy milestone on public lands
On Thursday, the Biden administration announced that the United States had surpassed its target of permitting over 25 gigawatts of clean energy projects on public…
Leaders under pressure to resign as SBTi alters…
The board and CEO of the Science Based Targets initiative faced calls to step down following changes to the United Nations-backed guidelines on companies' usage…
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.…
EU lawmakers pass law to limit methane emissions…
On Wednesday, European Union lawmakers approved a groundbreaking law aimed at curbing methane emissions from Europe’s oil and gas imports starting in 2030. This move…
Japan and US partner to reduce floating offshore…
Japan has agreed to collaborate with the United States to lower the expense of floating offshore wind projects in deep waters by 2035, the White…
Clyde Hydrogen secures £1 million in funding to…
Clyde Hydrogen, a green hydrogen startup, has received over £1 million in pre-seed funding to advance its pioneering technology poised to revolutionize the sector. The…
Balkan countries look to the hydrogen boom to…
A discovery of hydrogen beneath the Bulqize chrome mine in Albania has stirred optimism for the region’s transition towards cleaner energy. This revelation has prompted…
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…
Chile unveils plan to set up its first…
Chile aims to begin production of sustainable aviation fuel (SAF) in a large plant by 2030, with the goal of using SAF for half of…
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…
Activists urge Apple to address detention of climate…
More than 60 human rights and environmental organizations have called on Apple to take action regarding the detention of climate experts in Vietnam, a key…
Analysis reveals England’s untapped potential for renewable energy
A recent analysis conducted by Exeter University, commissioned by Friends of the Earth (FoE), has unveiled that England has the capacity to generate 13 times…
Grid capacity challenges lead to increased curtailments of…
According to a report by news magazine Der Spiegel, Germany faced a surge in so-called re-dispatch measures in 2023 due to a lack of grid…
Watershed launches new software solution to aid compliance…
Watershed, a leading provider of climate solutions software, announced the introduction of "Watershed for CSRD," a cutting-edge software solution designed to assist companies in collecting…
Adani Green Energy surpasses 10,000 MW milestone in…
Adani Green Energy Limited (AGEL), India's largest renewable energy giant, has achieved a historic milestone by surpassing 10,000 MW in renewable energy capacity. This accomplishment…
Swiss government renews its contribution to the Green…
Switzerland will contribute 135 million Swiss francs over the next four years to support the Green Climate Fund (GCF), which helps developing nations take concrete…
Technology provider releases first sustainability report
Tango has taken a significant step in its sustainability efforts by releasing its first Sustainability Report for 2023. In this report, Tango has outlined its…
Global carbon credit market to hit $84.4 billion…
As efforts to combat climate change intensify, there are currently 73 carbon pricing mechanisms in operation worldwide as of April 1, 2023. These mechanisms collectively…
EPA decision on California EV rules upheld by…
On Tuesday, a US appeals court upheld the Environmental Protection Agency's ruling, allowing California to establish its regulations for tailpipe emissions and electric vehicle standards.
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…
EU pushes back against Chinese clean-tech investments, favors…
The European Union intensified its scrutiny of Chinese clean-tech investments, raising concerns about the potential displacement of local suppliers as part of EU initiatives 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…
Adani Group unveils approx. $30 billion investment plan…
The Adani Group has announced an ambitious investment plan totaling approximately Rs 2.3 trillion by 2030, marking India's most significant renewable energy expansion initiative to…
Delays in South Africa’s coal plant closures could…
A delay in the planned closures of coal-fired power plants in South Africa could have dire consequences, including thousands of deaths from air pollution and…
Chevron New Energies invests in ION Clean Energy’s…
Chevron New Energies, a division of Chevron USA Inc., has announced a significant investment in ION Clean Energy, a Boulder-based technology company specializing in post-combustion…
Saudi Arabia’s Biofuel Company to triple refining capacity…
The Biofuel Company in Saudi Arabia has unveiled plans to significantly boost its refining capacity, aiming to triple its output by 2025. This expansion initiative…
JSW Energy raises $65 million from institutional investors,…
JSW Energy Limited has successfully raised $65 million (Rs 5,000 crore) through a Qualified Institutions Placement (QIP), selling shares to institutional investors, including the Abu…
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…
Ireland’s largest offshore wind project set to reveal…
The final design for Ireland's largest offshore wind project, Codling Wind Park, is poised to be unveiled today. The project, located off the Co Wicklow…
Aker Carbon Capture advances decarbonization with projects in…
Aker Carbon Capture (ACC) has secured a pre-FEED (Front End Engineering Design) contract for Statkraft's Heimdal waste-to-energy plant in Norway, targeting the capture of 220,000…
Biden Administration’s initial SAF subsidy model to set…
The Biden administration will release a preliminary climate model for its sustainable aviation fuel (SAF) subsidy program in forthcoming weeks that is more stringent than…
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…
Ingka explores offshore wind investments in South Korea…
Ingka, the majority owner of IKEA stores globally, is venturing into renewable energy investments in South Korea and Japan, targeting offshore wind as the most…
Chevron to invest in ION Clean Energy, aims…
Chevron New Energies (CNE), a division of Chevron Inc., has invested significantly in ION Clean Energy (ION), a technology company based in Boulder. ION specializes…
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.
Fed will resist political pressure to pursue green…
During his address at Stanford University on Wednesday, Fed Chairman Jerome Powell stressed that the Federal Reserve is not a climate regulator and will firmly…
GCM strengthens real estate investments team
Greenbacker Capital Management (GCM) has bolstered its real estate investments team with the appointment of Evan Sherman as Head of Real Estate Acquisitions, underscoring its…
Renewable energy growth falls short of climate targets,…
According to a report released on Thursday by the prominent think tank REN21, the global addition of renewable energy capacity fell short of the necessary…
CIP invests £250 million in UK solar developer…
Danish renewable energy infrastructure investor Copenhagen Infrastructure Partners (CIP) has announced a significant investment of £250 million to acquire a majority stake in UK solar…
Georgia Senators Warnock and Ossoff secure clean energy…
US Senators Reverend Raphael Warnock (D-GA) and Jon Ossoff (D-GA) unveiled a significant stride towards clean energy initiatives in rural Georgia. Through the U.S. Department…
Investors show a growing appetite for environment-conscious companies
Amidst a changing landscape in investment strategies, sustainable investing emerges as a compelling avenue for those seeking broader objectives beyond mere financial gain in portfolio…
US Treasury Chief hints at action against China’s…
On Wednesday, US Treasury Secretary Janet Yellen did not dismiss the possibility of taking further measures to safeguard American clean energy sectors against China's overinvestment…
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.
Australia to invest $1 billion in solar panel…
Australian Prime Minister Anthony Albanese has unveiled the Solar Sunshot program to bolster the nation’s renewable energy sector and create job opportunities in regional areas.…
Power supplier TVA to shut down 9 coal-fire…
In a press release on Tuesday, power supplier Tennessee Valley Authority (TVA) announced its decision to retire the Kingston Fossil Plant and construct an energy…
EVs to overtake petrol cars in Norway by…
According to calculations by Reuters and analysts, Norway is on course to have more battery electric vehicles (BEVs) on its roads than petrol cars by…
EU’s $43 billion fund to be the high-stakes…
Early outcomes from the European Union's Innovation Fund, a €40 billion ($43 billion) investment initiative pivotal to Europe's zero-carbon economy goals by mid-century, are surfacing.
Taiwan hit by the strongest earthquake in a…
Taiwan experienced its most powerful earthquake in twenty-five years, which collapsed numerous buildings on the eastern side of the island, injured over 50 people, and…
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…
CARB files motion to dismiss lawsuit challenging California’s…
The litigation over California's climate disclosure rules, specifically Senate Bill 253 (Climate Corporate Data Accountability Act) and Senate Bill 261 (Greenhouse gasses: climate-related financial risk),…
Canadian airlines and shippers urge Ottawa for increased…
Airlines and marine shippers in Canada are urging the federal government to bolster funding for sustainable transport initiatives, with a focus on green supply chains…
Maersk’s ECO Delivery Ocean product slashes 683,000 tons…
In 2023, Maersk's ECO Delivery Ocean product achieved a significant milestone, with more than 660,000 twenty-foot equivalent units (TEU) transported on green fuels, resulting in…
GenZero and Allen & Gledhill call for legal…
GenZero, a Temasek-owned investment platform focused on decarbonization, has partnered with leading law firm Allen & Gledhill LLP to release a legal paper advocating for…
Malaysia’s Petronas and JERA signs agreement for carbon…
Malaysia's state-run energy firm Petronas announced on Tuesday a partnership with Japanese power generation company JERA to assess the viability of the carbon capture and…
Swedish steelmaker to invest $4.8 bln mln in…
Sweden’s SSAB announced on Tuesday that it plans to invest 4.5 billion euros ($4.83 billion) in constructing a fossil-free mini-mill in Lulea.
Goldman Sachs Renewables MN8 raises $325 million funding
MN8 Energy, a producer of solar energy and energy storage, announced it had secured $325 million through a private placement of convertible preferred stock. The…
China’s power firm revamps natural gas business post…
GCL Holdings, a privately owned Chinese energy company, is shifting its focus to developing a natural gas business. According to company executives interviewed by Reuters,…
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.
Business schools embrace sustainability and cultural diversity to…
The integration of sustainability principles and cultural diversity into business education is gaining momentum globally, driven by the United Nations 2030 Agenda for Sustainable Development…
German companies eager to invest in Vietnam’s sustainable…
During the Germany-Vietnam Business Forum, Alexander Ziehe, chairman of the German Business Association (GBA), revealed that several German companies are keen to invest in sustainable…
Australian energy giant foresees green hydrogen as viable…
Amidst debates over Australia's energy future, one of the country's largest energy utilities, EnergyAustralia, is championing the potential of clean hydrogen as a viable alternative…
Adani Green’s wind power project raises environmental concerns…
Adani Green Energy's ambitious wind power project, valued at US$442 million, situated in Mannar and Pooneryn, is currently undergoing a technical review by the Sri…
NIKE sets new sustainability targets for 2025
Global sportswear giant NIKE is ramping up its commitment to sustainability by announcing new targets aimed at reducing its carbon emissions across its business and…
JX Nippon and Chevron sign MOU to explore…
In a significant move towards advancing lower carbon solutions, JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a division of Chevron U.S.A.…
India’s hydropower plummets to 38-year low amid erratic…
According to a Reuters analysis of government data, India experienced its most significant decline in hydropower output in at least 38 years, with a 16.3%…
Citi says 40% energy clients lack greenhouse gas…
Nearly half of the energy companies Citi Bank provides lending to lack strategies for reducing greenhouse gas emissions, as disclosed in a climate report released…
The focus of govt incentives will go into…
Global investment in clean energy has surged to unprecedented levels, reaching a staggering US$1.77 trillion, as revealed by the latest Energy Transition Investment Trends 2024…
US finalizes tighter tailpipe emissions standards for heavy-duty…
On Friday, the US government announced it was in the final stages of implementing more stringent tailpipe emissions standards for heavy-duty vehicles such as semi-trucks…
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…
Citi agrees to disclose clean energy financing ratios…
Citi has joined JPMorgan Chase in agreeing to disclose its clean energy financing ratios, following pressure from shareholder resolutions. The New York City Comptroller’s Office,…
BlackRock CEO reaffirms investment in oil and gas…
BlackRock CEO Larry Fink reiterated the firm's commitment to investing in oil and gas companies, emphasizing that they have never supported divesting from traditional energy…
First Bus announces £89 million investment in zero-emission…
First Bus has revealed plans for a substantial £89 million investment aimed at accelerating its transition to zero-emission buses and infrastructure across four regions. This…
US DOE initiates $1 billion investment for hydrogen-ready…
Climate advocates and community members applaud the US Department of Energy's (DOE) Office of Clean Energy Demonstrations for commencing initial award negotiations aimed at establishing…
New York achieves record wind and solar generation
New York State's power grid operator, the New York Independent System Operator (NYISO), reports significant milestones in renewable energy generation, with record-breaking hourly outputs from…
Adani Group unveils plan for world’s largest renewable…
In a recent announcement, billionaire Gautam Adani's conglomerate reveals plans for the world's largest renewable energy park in Gujarat, aiming for a colossal 45 GW…
Walmart invests in 19 solar projects across US,…
In a move to bolster renewable energy initiatives, retail giant Walmart announced its investment in 19 solar projects developed by Pivot Energy, aimed at enhancing…
New York set new records for hourly wind…
On Monday, New York's power grid operator announced that the state achieved new hourly wind and solar generation records.
Shipping industry faces regulatory hurdles in the race…
Global shipping companies are feeling mounting pressure to reduce their carbon emissions. However, executives point to the complexity arising from vague regulatory frameworks, especially regarding…
China faces infrastructure strain amid record solar and…
Following a surge in solar and wind power installations last year, multiple regions across China are experiencing difficulties managing fluctuations in electricity supply linked to…
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…
Africa’s ambitious plan to harness carbon markets for…
Africa, a continent blessed with vast green energy reserves, is gearing up to maximize its share in the booming global carbon credit market, which has…
Challenges abound for green investment trusts in Europe
Green investment trusts in Europe, such as London-listed Greencoat UK Wind and Octopus Renewables Infrastructure Trust, are facing headwinds as their share prices trade at…
EU countries call for urgent revision of anti-deforestation…
According to a document examined by Reuters on Monday, a coalition of EU nations, led by Austria, is urging immediate revisions to the bloc's forthcoming…
NATO debuts as a climate tech investor
NATO, the military alliance, has ventured into startup acceleration with its Defense Innovation Accelerator for the North Atlantic (DIANA) program, an initiative to foster technological…
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…
Regulators address seabed mining challenges amidst EV battery…
A marine scientist has emerged as a potential new leader for the International Seabed Authority (ISA), signalling a possible shift in the organization's approach to…
Audubon Zoo teams up with Entergy & NASA…
In collaboration with conservation allies such as Entergy and NASA, Audubon Zoo is set to host "Party for the Planet: Spring into Action," marking the…
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.
Vietnam receives $51.5 million payment for carbon credits…
Vietnam has achieved a significant milestone in its efforts to combat climate change, becoming the first country in the East Asia Pacific region to receive…
Invesco unveils $2.1 billion fund tackling water scarcity,…
On World Water Day, analyst Mahi Roy highlighted five US-based funds and several companies dedicated to enhancing water access quality and tackling various water-related challenges.
US judge issues temporary block on $649 million…
According to attorneys involved in the case, a federal judge, on Friday, temporarily blocked a land swap needed before developers can build a major clean…
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…
Activists urge major banks to halt financing for…
Over 80 organizations, including Make My Money Matter, Greenpeace UK, and Global Witness, have collectively penned letters to the chief executives of 12 major banks,…
Canadian Banks acknowledge challenges in green financing emission…
In a significant shift, some of Canada's largest banks have admitted that their investments in green financing may not lead directly to a decrease in…
BNPP AM launches new fund targeting global net…
Today, BNP Paribas Asset Management (BNPP AM) unveiled its latest offering, the BNP Paribas Global Net Zero Transition Equity fund, designed to provide investors with…
Biden administration reassures oil and gas executives amid…
The Biden administration aims to ease concerns among oil and gas executives regarding a pause on liquefied natural gas (LNG) exports from new projects, assuring…
Singapore-backed climate action data trust boosts transparency in…
In just over a year since its launch, the Climate Action Data Trust (CAD Trust), supported by Singapore, has significantly enhanced the credibility of the…
Chip giant NVIDIA launches cloud platform to address…
To accelerate the fight against the $140 billion in economic losses stemming from climate change-induced extreme weather events, NVIDIA has unveiled its Earth-2 climate digital…
Fossil fuel firms could face homicide charges for…
A groundbreaking legal theory is gaining traction among researchers, suggesting that fossil fuel companies, identified as the primary contributors to planet-warming emissions, could be held…
HSBC, NatWest face allegations of funding North Sea…
Two prominent UK high street banks stand accused of continuing to finance the expansion of fossil fuels in the North Sea despite having pledged to…
Highly accurate AI model by Google to predict…
Globally, climate change is exacerbating the frequency and severity of flooding events. However, artificial intelligence (AI) holds promise in mitigating some of these impacts by…
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…
Enpal secures EUR 1.1 billion to accelerate residential…
Enpal, a German solar solutions installer, has announced the successful procurement of EUR 1.1 billion (USD 1.2 billion) to expedite the deployment of its integrated…
UBS names Jack Collings as Asia Pacific head…
UBS, the investment banking group, has appointed Jack Collings as the head of sustainability and climate risk for Asia Pacific (APAC). Collings transitions into this…
Axpo secures €7 billion sustainability-linked credit facility led…
Swiss energy producer and trader, Axpo Holding AG, has finalized a sustainability-linked revolving credit facility (RCF) totaling €7 billion, with over 30 banks participating. ING…
Survey reveals business skepticism toward carbon offsets
A recent survey conducted by the We Mean Business Coalition (WMBC) reveals that a majority of businesses are hesitant to enter the carbon offset market…
Canada’s carbon pricing increase sparks debate over affordability…
As Canada prepares for an increase in its carbon pricing system on April 1, provincial leaders express concerns about its impact on affordability, sparking a…
Chevron resolves Kern County oil spills with $13…
According to the California natural resources agency on Wednesday, Chevron has agreed to settle with two California state agencies for previous oil spills in Kern…
US raises alarm over foreign hackers carrying out…
In a letter made public on Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan cautioned state governors about disruptive cyberattacks…
Australia faces urgent need for investment to prevent…
According to the grid operator, Australia, a major natural gas exporter, urgently needs investment to avert shortages in several densely populated regions starting in 2025…
International Day of Forests 2024: Forests and Innovation
The International Day of Forests is celebrated on 21st March every year. The theme for International Day of Forests 2024, "Forests and Innovation: New Solutions…
Morgan Stanley’s asset management arm eyes $1 billion…
According to individuals familiar with the situation, Morgan Stanley's asset management division intends to secure a minimum of $1 billion for a new fund focused…
The world is ‘losing the battle’ against electronic…
On Wednesday, a UN expert warned that the global struggle against electronic waste is faltering. This caution comes in the wake of a report revealing…
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…
Google commits $35 million to carbon removal credits,…
Google has announced its commitment to purchasing $35 million in carbon removal credits, aligning with the Department of Energy's (DOE) carbon removal purchase program launched…
Constellation Energy raises $900 million in green bond…
Constellation Energy has made history by announcing the successful completion of a $900 million green bond offering, marking the first of its kind in the…
New Energy Blue launches new subsidiary to accelerate…
Today, New Energy Blue, a leading clean-energy developer specializing in low-carbon biofuels and biochemicals from crop residues, announced the establishment of its new subsidiary, New…
Germany calls for greater international cooperation to accelerate…
Germany's economy and foreign affairs ministers have emphasized the need for enhanced international cooperation to drive the global energy transition and meet climate targets effectively.…
Billions invested in fossil fuels by local government…
A recent analysis conducted by environmental campaign groups Friends of the Earth and Platform London has uncovered significant investments in the fossil fuels industry by…
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…
Swiss National Bank stands firm on investment policy…
The Swiss National Bank (SNB) has reiterated its stance on environmental considerations, stating that it will not alter its investment strategies because of climate change.…
Stellantis and California reach an agreement on vehicle…
On Tuesday, Stellantis, Chrysler's parent company, and the state of California finalized an emissions agreement. This accord comes after Stellantis attempted to join an agreement…
UK bank funds Greensphere’s venture into nature, climate…
On Wednesday, Greensphere Capital announced that it had secured backing from the UK Infrastructure Bank (UKIB) for its first fund, which aims to commercialize nature…
Only 10 countries met air quality guidelines by…
A recent analysis revealed that in the past year, only 10 nations and approximately 9% of cities worldwide met the air quality standards outlined by…
Air New Zealand explores partnership for green fuel…
On Wednesday, Air New Zealand invited startups operating in the sustainable aviation fuel (SAF) sector to seek potential supply partners as part of its commitment…
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…
Major developments in SAFs marked by IATA
The International Air Transport Association (IATA) has reported significant advancements in the realm of sustainable aviation fuels (SAF), particularly focusing on electrofuels, in its latest…
UAE strikes 15-year LNG deal with Germany
In a significant move consolidating Europe's dependence on fossil fuels, the United Arab Emirates (UAE) has inked a deal to supply liquefied natural gas (LNG)…
EU urged to lead in strengthening carbon intensity…
As delegates gather for the International Maritime Organization's (IMO) Marine Environmental Protection Committee (MEPC 81) in London, the focus turns to enhancing energy efficiency and…
China opens consultation for aluminum smelters in ETS…
The Chinese Ministry of Ecology and Environment (MEE) has initiated a consultation process for the inclusion of aluminum smelters in its national compliance emission trading…
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…
Malaysia’s Ministry of NRES developing National Carbon Market…
The Ministry of Natural Resources and Environmental Sustainability (NRES) in Malaysia is currently undertaking a study on the National Carbon Market Policy (DPKK), with completion…
Ed Miliband warns of Sunak and ministers dividing…
In a speech, Ed Miliband, Labour shadow energy minister, warned that Sunak and other ministers are fueling division over the UK's net zero target rather…
World’s largest solar manufacturer to slashes one-third of…
The largest solar manufacturer globally has decided to downsize its workforce by almost a third following an unsuccessful cost-cutting initiative, which included instructing employees to…
Hedge fund veteran proposes carbon footprint strategy for…
To tackle climate change, alternative investment expert Andrew Hohns is pioneering a strategy to help banks slash their carbon footprint. Formerly of Mariner Investment Group…
Germany & Canada agree to kickstart trade of…
Canada and Germany have agreed on steps to promote the trade of hydrogen, a cleaner alternative to fossil fuels. Both countries will contribute €200 million…
Britain’s National Grid proposes $74 billion energy system…
Britain's National Grid has proposed a £58 billion ($74 billion) investment plan to enhance grid networks beyond 2030, anticipating the growth in electricity demand and…
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…
Global oil and gas industry poised for $125…
The international oil and gas sector, alongside the Middle East's national oil companies, is gearing up to greenlight an impressive array of projects this year,…
Warwickshire introduces new policy to enhance EV charging…
In a move aimed at bolstering the infrastructure for electric vehicle (EV) owners, Warwickshire County Council (WCC) has unveiled a groundbreaking EV Parking Policy. This…
Delhi government unveils ambitious solar policy
The Aam Aadmi Party (AAP) government in Delhi has announced the implementation of the new Delhi Solar Policy, 2024, aimed at significantly increasing the adoption…
Zimbabwe urged to embrace renewable energy funding and…
In a bid to bolster its renewable energy sector and pave the way for a sustainable energy future, Zimbabwe recently hosted the Fifth Edition of…
African Development Bank chief calls for end to…
In an interview with The Associated Press, Akinwumi Adesina, the head of the African Development Bank, voiced his concerns over loans tied to Africa's natural…
Transition finance key to achieving Southeast Asia’s net-zero…
Experts suggest that Southeast Asia has the potential to lead the global push towards achieving net-zero emissions, contingent upon the region's ability to secure over…
Building Information Modelling tech to develop sustainable projects…
Building Information Modelling (BIM) is emerging as a highly influential initiative for creating sustainable real estate projects. BIM involves designing projects based on models incorporating…
Why recycling needs a new perspective?
Recent reports about plastic recycling have made it clear that the plastics industry sold recycling as a glorified solution to the planet’s plastic waste problem.…
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.
Exxon CEO takes aggressive climate stance amid industry…
Darren Woods, the CEO of Exxon Mobil Corp., is fighting back after facing criticism from both environmentalists and investors during his seven years in charge.
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 Senate passes bipartisan legislation to boost recycling…
The US Senate has taken a significant step forward in addressing recycling and composting challenges by passing two bipartisan bills aimed at improving data collection…
Shell warns of energy shortages amidst low investment…
Shell, one of the world's leading energy companies, has issued a stark warning about the risk of energy shortages unless there is a significant increase…
Adani Green Energy operationalizes additional 126 MW wind…
Adani Green Energy Limited (AGEL) has achieved another milestone in its renewable energy portfolio by operationalizing an additional 126 MW capacity of a wind power…
$30 million facility to boost renewable energy financing…
In a significant move towards sustainable energy development, a new $30 million facility managed by the Bahamas Development Bank is set to revolutionize the financing…
Swiss-Colombian startup Cotierra secures $1 million for farming…
In a significant stride towards sustainable agriculture, Cotierra, a Swiss-Colombian carbon removal and agtech startup, has successfully secured $1 million in a pre-seed funding round.
US to invest in $750 million to reduce…
The US Department of Energy (DOE) declared its intention to allocate $750 million towards a series of projects with the objective of substantially reducing the…
CIWM launches new fund for circular economy businesses
The Chartered Institution of Wastes Management (CIWM) has introduced a new fund to assist circular economy businesses in their growth by providing "fully-funded brand communications,…
Google joins US DOE with $35 million carbon…
Google unveiled a new pledge to secure a minimum of $35 million worth of carbon removal credits within 12 months. This commitment is aligned with…
Solar battery sales jump 26% in German households…
On Thursday, the industry association BVES announced that sales of home solar electricity storage batteries in Germany could increase by 26% this year, driven by…
Antarctic scientists raise alarm on bird flu following…
Antarctic scientists are issuing warnings about the transmission of a highly contagious H5N1 avian flu virus, initially identified on the continent's mainland last month and…
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…
Switzerland witnesses increase in pension funds decarbonizing portfolios
According to Climate Alliance, a coalition of civil society organizations, the proportion of Swiss pension funds committed to decarbonizing their investment portfolios has risen from…
Biden administration proposes significant fuel tax hike for…
In line with President Biden's State of the Union Address promise to address tax disparities, the Biden administration has unveiled a proposal to substantially increase…
NZBA members commit to emissions reduction goals for…
In a significant move towards addressing climate change, members of the Net Zero Banking Alliance (NZBA), a part of the broader Glasgow Financial Alliance for…
Study finds US oil and gas industry methane…
A comprehensive study published in the journal Nature reveals that methane emissions from US oil and natural gas operations are three times higher than previously…
Germany’s offshore wind expansion to occupy quarter of…
Germany's ambitious plans for offshore wind power expansion could potentially occupy up to one quarter of the country's exclusive economic zone in the North Sea…
Shell revises 2030 carbon emissions reduction target
Shell announced on Thursday that it had revised its target to reduce the intensity of its overall carbon emissions by 2030, attributing this adjustment to…
Banking climate coalition to report on capital markets…
On Wednesday, a climate coalition supported by the United Nations and focused on banking released revised guidelines for its members.
‘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.
Texas fires release record carbon dioxide in January,…
In January and February, extensive wildfires in Texas emitted 920,000 metric tons of carbon dioxide, marking the second-highest release for that period ever on record.
Apple suppliers to join its green investment fund
Taiwan Semiconductor Manufacturing Co. (TSMC) and Murata Manufacturing Co., suppliers to Apple Inc., are joining the iPhone maker’s green investment fund, bringing the total committed…
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…
Climate Change Commission urges government action to cut…
The Climate Change Commission has issued a stern call to the New Zealand government, urging swift action to reduce the surplus of carbon credits available…
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…
IT firms prioritize sustainability reporting and compliance over…
A recent study conducted by global technology research and advisory firm ISG reveals that enterprises are increasingly directing their sustainability investment towards reporting and compliance…
IBM announces $45 million investment in sustainability accelerator…
Tech giant IBM has unveiled a new commitment to invest $45 million in its social impact program, the IBM Sustainability Accelerator, as part of a…
Innovative solutions: the XPRIZE Water Scarcity Competition
Water scarcity is a pressing issue affecting communities worldwide, with 80% of the global population facing its consequences. To address this challenge, the XPRIZE Foundation,…
Insurers express concerns over greenwashing amid tightening ESG…
Amidst increasing scrutiny over environmental, social, and governance (ESG) practices, insurers are grappling with concerns surrounding greenwashing, according to a recent survey conducted by Ortec…
African nations block solar geoengineering proposal at UN…
Last week, during the UN Environmental Assembly in Nairobi, African countries spearheaded a successful resistance against a proposed resolution by Switzerland.
Waste-to-energy technology raises environmental concerns
Waste-to-energy technology, a waste disposal method by incinerating materials like paper, plastic and wood, has created concerns among environmental groups method as a ‘quick fix’…
Global investment firm appoints specialized team to identify…
Permira, a global investment firm, has established a dedicated team to identify investment opportunities in the climate transition sector.
EU Parliament passes law to make buildings energy-efficient
On Tuesday, the European Parliament passed new legislation mandating member states to accelerate building renovations to enhance energy efficiency and lower the EU's carbon emissions.
Mango to choose adaptable clothing as climate change…
Mango, the Spanish retailer, is focusing on adaptable clothing to assist customers in coping with unpredictable temperature fluctuations due to climate change, according to Chief…
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…
37th International Cotton Conference in Bremen to address…
The Bremen Cotton Exchange and Fibre Institute Bremen are gearing up for the 37th International Cotton Conference in Bremen from March 20 to 22, expecting…
Germany’s onshore wind power expansion gathers pace
The expansion of onshore wind power in Germany is regaining momentum, with industry lobby group BWE stating that the politically induced slowdown in newly installed…
Bank of America expands energy transition business amid…
Bank of America (BofA) is ramping up efforts to expand its presence in the energy transition sector, aiming to bolster carbon trading and increase its…
PNGRB advances green hydrogen transport via natural gas…
The Petroleum and Natural Gas Regulatory Board (PNGRB) is taking significant strides in facilitating the transportation of green hydrogen through natural gas transmission lines by…
Sylvera becomes first carbon credit agency to adopt…
Carbon credit data and rating agency Sylvera has achieved a significant milestone by becoming the first of its kind to integrate the International Capital Market…
Blended finance key for India’s $1 trillion climate…
India requires approximately $1 trillion by 2030 to fulfill its climate change adaptation objectives. To mobilize private investments, India will need to pursue blended finance.
Climate fund investors, Microsoft pour $18 million into…
Konexa, a UK-based integrated energy development and investment platform, has finalized financial arrangements and invested $18 million.
Morocco allocates 1 million hectors to green hydrogen…
On Monday, the Moroccan government announced its intention to allocate 1 million hectares to green hydrogen projects, with an initial phase starting at 300,000 hectares,…
Canada & US to review cross-border dispute over…
As announced on Monday, Canada and the United States have jointly agreed to assess a longstanding cross-border conflict concerning the contamination of coal mines in…
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).
AIIB and BNDES strengthen cooperation for sustainable development…
The Asian Infrastructure Investment Bank (AIIB) and the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) have formalized a Memorandum of Understanding (MOU) aimed at…
Biofuels poised to drive global green transition, but…
Biofuels are anticipated to play a crucial role in the global green transition, offering a sustainable solution for decarbonizing planes, ships, and industrial activities that…
Canadian Banks undermine net-zero commitments, report finds
A recent report by InfluenceMap has revealed that Canada's five largest banks undermined their net-zero commitments in 2022, maintaining higher exposure to the fossil fuel…
Former coal plant in Queensland to transform into…
In a move towards sustainable energy, a former coal plant in Queensland, Australia, is undergoing a transformation into a Tesla Megapack, set to become a…
Volkswagen quits Australian auto lobby over fuel standards…
Amidst a growing rift over new fuel standards, Volkswagen announced its withdrawal from the policymaking committee of Australia's auto lobby. The decision follows Tesla's recent…
Blended-wing aircraft pushes aviation towards net zero goals
In the history of aviation design, the landscape remained unchanged for a century, characterized by conventional tube-and-wing aircraft. Yet, amidst this conformity, 'flying wings' like…
AI could fuel climate misinformation, not solutions, warn…
A coalition of environmental groups has cautioned against the notion that artificial intelligence will alleviate the climate crisis, warning that instead, it could contribute to…
Deforestation in Brazil’s Amazon rainforest fell 30% in…
Government data released on Friday revealed a 30% decrease in deforestation across Brazil's Amazon rainforest in February compared to the previous year.
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…
Extreme heat causes mass coral bleaching of Great…
A government agency reports that a mass coral bleaching event has impacted Australia's Great Barrier Reef. The event was likely triggered by heat stress accumulated…
Ethanol plant in North Dakota leads the way…
Red Trail Energy (RTE), a corn ethanol plant in Richardton, North Dakota, has become the first ethanol plant globally to join a voluntary carbon market,…
US Treasury steps away from collecting insurer data…
The US government is shifting away from collecting data on home insurance prices and availability at the zip code level as premiums rise and climate…
Rondo Energy partners with battery startup to cut…
A fresh collaboration between a multinational energy corporation and a battery startup utilizing heated bricks could alleviate Europe's energy crisis and reduce carbon emissions.
Duferco announces €10 million investment in clean hydrogen…
Duferco plans clean hydrogen project in Sicily with Caronte & Nippon Gases Italia to decarbonize Messina plant, per Kallanish.
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…
Unilever announces new climate goals despite ESG concerns
Unilever Plc is setting more ambitious goals to reduce emissions, targeting suppliers and stores that sell its brands, despite investor concerns that non-financial goals divert…
Valmet Oyj raises EUR 200 million with inaugural…
Valmet Oyj, a Finnish provider of process technologies, has successfully raised EUR 200 million (USD 217.4 million) through the sale of senior unsecured green notes.…
Osun State secures $80 million investment for infrastructure…
In a significant development, the Osun State Government has announced that two separate investment conglomerates, Allegiance CNG Limited and First Tricon Construction Services Limited, have…
New Jersey advances bill to divest from fossil…
In a bold move towards environmental sustainability, the New Jersey Senate Environment and Energy Committee has advanced a bill mandating the divestment of state retirement…
Bengaluru’s acute water shortage hurts international firms
Bengaluru's severe water scarcity is impeding production at its garment factories, doubling restaurant water expenses, and compelling managers at certain global companies to address unconventional…
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.
Haryana unveils draft Green Hydrogen Policy to drive…
The Haryana government has unveiled a draft, 'Haryana Green Hydrogen Policy 2024', aiming to generate 250 kilotonnes per annum (ktpa) of green hydrogen by 2030.…
Amazon and Glacier partner to advance recycling technology…
Amazon and Glacier are teaming up to revolutionize recycling technology and combat waste through innovative AI and robotics solutions. The collaboration, driven by Amazon's Climate…
UK trails behind European counterparts in green investment
A recent analysis by Greenpeace has highlighted the UK's lagging position in green spending among the top five Western European economies. Comparing the UK to…
Royal Bank of Canada to triple renewable energy…
Royal Bank of Canada (RBC) has announced plans to significantly increase its investment in renewable energy, despite reporting limited progress in reducing the emissions intensity…
UK to launch £1 billion auction round to…
In a significant move to boost renewable energy initiatives and advance climate goals, Britain is set to launch its next auction round worth more than…
USDA announces major clean energy investments to strengthen…
In a significant move towards bolstering clean energy infrastructure and enhancing rural America's power grid, the U.S. Department of Agriculture (USDA) has unveiled plans to…
Ocean temperatures hit a record high in February
In February, ocean temperatures reached an unprecedented peak, according to the European Union's Copernicus Climate Change Service (C3S).
Tesla cuts ties with Australian auto lobby over…
On Thursday, Tesla announced its decision to withdraw from Australia's major auto lobby and resign from its board, alleging that the organization had misled consumers…
GE’s energy spin-off expects offshore wind boost
During an investor day in New York, executives of General Electric's energy spin-off, GE Vernova, announced on Wednesday their anticipation of resolving a substantial backlog…
Republicans, industry groups file lawsuit against EPA over…
On Wednesday, a coalition of Republican-led states and industry groups filed three lawsuits contesting a recent US Environmental Protection Agency regulation strengthening air quality guidelines…
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…
Renewable energy costs plummet in Asia Pacific, outpacing…
A recent analysis by Wood Mackenzie reveals a historic low in the cost of renewable energy generation across the Asia Pacific region, marking a significant…
Urja Sathi secures INR 3.5 million seed funding…
Lucknow's Urja Sathi, a sustainable energy-tech startup, secures INR 3.5M seed funding led by Ankitt Jain, Sharlee Jain, Neeraj Kumar Pawar, and Ayu Sharma.
IBM study reveals embedding sustainability boosts business performance
A new global survey conducted by IBM's Institute for Business Value (IBV) in collaboration with Oxford Economics highlights the significant benefits that companies can experience…
Epson partners with Earth Hour to drive global…
Epson, a leading technology company, has joined forces with Earth Hour, marking its first international corporate support for the global environmental movement.
US solar industry to benefit from Inflation Reduction…
In 2024, the US solar industry is projected to maintain its growth, following its significant contribution of over 50% of new electricity capacity added to…
EU strikes deal to ban single-use plastics
EU negotiators reached a historic agreement on Monday to ban single-use plastic packaging for items like fresh fruit and vegetables, mini hotel toiletries, and fast…
Major US banks withdraw from Equator Principles
Four of the largest US banks have withdrawn from the Equator Principles, an industry standard for assessing environmental and social risks in project financing.
Apple pulls the plug on its EV building…
According to reports, Apple has canceled its electric vehicle (EV) project, a decade after rumors first emerged about the iPhone maker's involvement in it.
Brazil’s energy industry pushes for new hydroelectric plants…
Brazil's energy sector is initiating a new effort to construct additional hydroelectric plants alongside the rising number of solar and wind power initiatives. However, past…
EU wins WTO battle over palm oil biodiesel
On Tuesday, the European Union succeeded at the World Trade Organization when a panel dismissed Malaysia's complaint against the EU's decision to exclude palm oil…
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)…
US refiner joins Summit’s carbon capture project
On Monday, Summit Carbon Solutions, an Iowa-based private company, announced that US refiner Valero Energy Corp would participate in its proposed carbon capture and storage…
Indian companies eye major investments in coal-fired power
Private Indian companies have shown interest in constructing at least 10 gigawatts (GW) of coal-fired power capacity over the next ten years, according to four…
ABC Impact invests in Winnow to accelerate food…
ABC Impact, a leading private equity fund, announced its investment in Winnow, the global leader in AI-driven food waste reduction solutions. Winnow's innovative technology, trusted…
Jindal Stainless announces ₹700 crore investment for sustainability…
Jindal Stainless Ltd, India's largest stainless steel player, has unveiled plans to invest ₹700 crore over the next three years in sustainability projects, including renewable…
EcoOnline unveils financial-grade sustainability reporting software
EcoOnline launches Sustainability Reporting SaaS for accurate greenhouse gas measurement and ESG compliance in line with sustainability laws.
BlackRock acknowledges risks in ESG ventures amid growing…
In its annual report to the Securities and Exchange Commission, BlackRock, a prominent financial services firm, has highlighted potential risks associated with its environmentally-focused investment…
ABP implements stricter ESG standards
Europe's largest pension fund, ABP, headquartered in the Netherlands, has announced a more stringent environmental, social, and governance (ESG) policy for its investment portfolio.
ABP pension fund plans €30 billion investment with…
ABP, Dutch pension fund, to invest €30B emphasizing impact and sustainability. €10B for domestic projects, half for rental housing.
Africa set to fall $2.5 trillion short of…
A UN official stated that Africa will lack $2.5 trillion in climate finance by 2030 despite contributing the least to greenhouse gas emissions and facing…
France aims to curb fast fashion’s environmental impact…
French ruling-majority MPs propose a new bill suggesting penalties of up to 50% of the selling price for fast fashion brands like Shein.
Climate tech firm trials fast-paying flood insurance in…
Floodbase, a New York-based climate tech firm specializing in satellite flood tracking, announced plans to roll out parametric flood insurance for small farmers in Malawi…
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.
UN launches key panels for Paris Agreement-aligned carbon…
In a significant move towards combating climate change, the United Nations has initiated the implementation of a new carbon crediting mechanism aligned with the Paris…
LIC Housing Finance plans green bond issuance to…
LIC Housing Finance to issue green bonds in FY, backing eco-friendly housing. MD pledges focus on green financing for sustainable projects.
UNEA-6 wraps up with plastic pollution in spotlight
The Sixth United Nations Environmental Assembly (UNEA-6) wrapped up on March 1, 2024, leaving delegates divided over the final Ministerial Declaration's stance on plastic pollution…
Capital Bank collaborates with Al Aman Company to…
Capital Bank has embarked on initiatives to enhance water use efficiency within its main buildings in a proactive move towards sustainability.
Egypt signs MOUs for renewable energy projects worth…
On February 28, Egypt finalized agreements with seven global developers for green hydrogen and renewable energy projects, with anticipated investments totaling USD 40 billion (EGP…
EV boom will boost US lithium imports from…
Janet Yellen, the US Treasury Secretary, expects that the growing demand for lithium, a crucial element in electric vehicle batteries, will significantly increase US imports…
MAN Energy Solutions to deliver first-ever ammonia-fuelled ship…
MAN Energy Solutions intends to supply its inaugural ammonia-fueled engine for installation on a new vessel in Japan later this year, with plans to offer…
SJVN Green Energy secures 200 MW solar project…
State-owned power producer SJVN Ltd announced on Sunday that its subsidiary, SJVN Green Energy, has won a 200 MW solar project in an e-Reverse Auction…
Invesco becomes the fifth major asset manager to…
On Friday, Invesco became the fifth prominent US investor to withdraw or reduce its participation in the Climate Action 100+ coalition of investors, advocating for…
California faces dangerous wind gusts, while Texas wildfires…
California and the US West still confront dangerous wind gusts and heavy snow until the week's start. Additionally, high winds increase fire dangers in the…
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…
TDB Group and GGGI partner to boost climate…
Following the COP28 global climate summit, the Eastern and Southern African Trade and Development Bank Group (TDB Group) and the Global Green Growth Institute (GGGI)…
Enviria secures $200 million investment from BlackRock to…
Enviria, a German commercial and industrial solar startup, announced on Thursday that it has secured a capital commitment exceeding $200 million from BlackRock, the world's…
Cadillac Fairview commits $9.5 million for decarbonization of…
Cadillac Fairview, managing the Pacific Centre and Waterfront Properties in Vancouver, is undertaking a $9.5 million decarbonization initiative. This project, backed by co-owners Ontario Teachers'…
European carbon prices drop amid rapid decarbonization
Bloomberg reported a surprising trend in the European carbon market, where the price of CO2 emission allowances has fallen as the region accelerates its decarbonization…
Report urges scrapping subsidies for Conifer forests to…
A report from the Royal Society of Edinburgh (RSE) has called on ministers to rethink the substantial subsidies and tax breaks allocated to conifer forests,…
Climate concerns rise as US prioritizes highway expansion…
Since the passage of the $1.2 trillion bipartisan infrastructure law in 2021, lauded by President Biden as a transformative effort to revamp America's crumbling infrastructure,…
Spanish bank to invest $54 million in solar…
Spanish investment bank Banca March and its clients will invest €50 million ($54 million) in a clean energy initiative to construct 1.8 GW solar and…
UK ministers accused of shifting aid funds to…
Ministers face allegations of "moving the goalposts" to fulfill the UK’s global climate promises, as £1.7bn from the aid budget is redirected to environmental aid…
Texas wildfire engulfs record 1.1 million acres, marks…
A colossal fire rages across the Texas Panhandle and parts of Oklahoma, engulfing nearly 1.1 million acres (equivalent to 1,700 square miles) and becoming the…
BBVA to launch new global finance unit for…
BBVA of Spain will establish a new global finance unit focusing on clean technologies and innovation to grow its sustainable business, announced Chairman Carlos Torres…
Cutting emissions is “essentially” the responsibility of G20…
UN Secretary-General Antonio Guterres stated that cutting emissions is "essentially" the duty of G20 nations, the biggest polluters. He urged more challenging targets and fairer…
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.
EPA targets oil and gas industry with new…
The Environmental Protection Agency (EPA) is set to introduce a new rule aimed at curbing methane emissions from the oil and gas industry. The rule,…
Hyundai Motor India targets 100% renewable energy usage…
Hyundai Motor India Limited (HMIL) has set ambitious targets to reach 100% renewable energy usage by 2025, aligning with the global RE100 benchmark. Currently, the…
EU nature restoration package passes amid controversy
The European Parliament voted on Tuesday to approve the nature restoration package, with 329 votes in favor, 275 against, and 24 abstentions. The legislation mandates…
Egypt inks 7 MOUs for green hydrogen and…
Egypt has taken significant strides toward advancing its green hydrogen and renewable energy initiatives by signing seven memorandums of understanding (MoUs) with international developers and…
Morgan Stanley Joins PCAF committee to standardize carbon…
Morgan Stanley has announced its membership in the global steering committee of the Partnership for Carbon Accounting Financials (PCAF), signaling its commitment to standardizing carbon…
US SEC to vote on climate disclosure rules
The US Securities and Exchange Commission (SEC) will decide whether to implement rules mandating that US-listed firms disclose climate-related risks, the agency said in a…
UK’s helium-filled aircraft begins safety approval process
Britain's Hybrid Air Vehicles (HAV), a company working to enable travel on a large helium-filled aircraft by the end of the decade, announced Thursday that…
New Zealand to review forestry costs in emissions…
The New Zealand government announced it will start an independent review of the expenses related to the forestry part of the country's Emissions Trading Scheme.
ESG investors flock to BNP money market funds…
BNP Paribas Asset Management reports that ESG clients increasingly investing in money market funds because they are attracted to the stable returns offered by cash-like…
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…
DOE and EPA to offer $1 billion in…
In a joint effort, the US Department of Energy (DOE) and the US Environmental Protection Agency (EPA) have announced plans to issue a Funding Opportunity…
TotalEnergies and Chevron join methane abatement initiative for…
Energy giants TotalEnergies and Chevron, alongside major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), led by SafetyTech Accelerator. The…
Singapore to build the world’s largest ocean-based carbon…
Singapore is set to embark on a groundbreaking project to construct the world's largest ocean-based carbon removal plant over the next 18 months.
Hong Kong government plans to develop Green Shipping…
The government of the Special Administrative Region (SAR) of Hong Kong is set to inject tens of millions of Hong Kong dollars into initiatives to…
EU eases gas consumption rules as energy crisis…
The European Commission urges EU nations to continue reducing gas usage but has made the policy voluntary, showing optimism that the worst of Europe's energy…
Univers and Citi partner to enable seamless purchase…
Univers, a prominent player in decarbonization technology, and Citi have joined forces to introduce an innovative software solution facilitating the seamless purchase of Voluntary Carbon…
Glencore to buy Shell’s Singapore assets as earlier…
Glencore, a Swiss miner and commodities trader, is considering purchasing Shell's oil refinery and petrochemical units in Singapore.
Europe’s heat pump sales fall for the first…
Heat pump sales in Europe dropped last year, marking the first decline in ten years. Falling natural gas prices, higher interest rates, and political opposition…
Boeing-backed startup to build carbon capture plant in…
Boeing-backed startup Equatic is constructing a demonstration plant in Singapore to extract carbon dioxide from the air and generate hydrogen, the company announced on Tuesday.
US EPA to launch cleanup projects at hazardous…
On Tuesday, the US environmental regulator announced new cleanup initiatives at 25 hazardous waste sites spanning from New Jersey to Oregon, backed by $1 billion…
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…
China to implement interim regulations for Carbon Emission…
China's Ministry of Ecology and Environment (MEE) announced on Monday that the Interim Regulations for the Management of Carbon Emission Trading will take effect on…
Canada returns to green bond market with inclusion…
Canada is re-entering the sustainable debt market, marking its first issuance since the government amended its sovereign green finance framework last November to include nuclear…
Verizon settles $1 billion green bond offering for…
Verizon Communications Inc. settled its sixth green bond offering of $1 billion on February 23, with the net proceeds earmarked for renewable energy investments to…
West Virginia threatens blacklisting of six major banks…
West Virginia State Treasurer Riley Moore has issued warnings to six major banks, including Citibank and HSBC Holdings, threatening to blacklist them from state business…
Brazil partners with largest climate finance alliance to…
Brazil, on Monday, revealed its collaboration with the world's largest financial climate coalition to enhance funding for clean energy and nature restoration initiatives, including the…
Germany proposes draft law to enable carbon capture…
Germany's economy and climate ministry have unveiled proposals for legal changes to facilitate the deployment of carbon capture and storage or use (CCS/CCU), along with…
IMF advises Pacific Islands to explore debt-for-nature deals
Pacific Islands facing the most sea-level threats should explore debt-for-nature agreements due to unsustainable traditional loans, suggested a senior IMF official on Tuesday.
Activists push back against EU’s decision to exclude…
Climate activists urge the European Union to rethink its choice to leave banks out of a crucial deforestation rule, aiming to avoid an official review…
Italy approves $6.8 billion package for tech and…
Prime Minister Giorgia Meloni's government has given the green light to a €6.3 billion ($6.8 billion) package to support Italian industries' technological advancement and green…
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…
PM Rishi Sunak faces criticism for attending anti-climate…
As revealed by the Observer, UK Prime Minister Rishi Sunak attended a protest with a group known for spreading climate change conspiracy theories and opposing…
Stellantis will stick to EU’s 2035 ban on…
In an interview with German media outlet Welt, Stellantis CEO Carlos Tavares stated that the company aims to support the European Union's plan to stop…
Canada’s 2030 emissions goal at risk as businesses…
A new report warns that Canada is struggling to meet its 2030 emissions target because businesses are holding off on low-carbon projects due to uncertainty…
Vietnam’s VinFast starts EV facility in India’s Tamil…
VinFast Auto Ltd., a Vietnamese car manufacturer, began building its electric vehicle (EV) factory in Tamil Nadu, southern India. The facility will cover 400 acres…
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…
Thermal battery maker raises $150 million investment led…
On Thursday, Antora Energy, a thermal battery manufacturer, announced that it has secured $150 million in funding.
UK withdraws from Energy Charter Treaty amid reform…
The UK government has announced its withdrawal from the Energy Charter Treaty (ECT), citing the failure to reform the post-Cold War treaty adequately. Initially designed…
GeoPura secures £56 million investment to accelerate green…
GeoPura, a clean energy provider specializing in green hydrogen solutions, announced today that it has successfully raised £56 million (USD$70 million) in an investment round…
KKR raises $6.4 billion for Asia Pacific infrastructure…
Global investment firm KKR & Co announced on Wednesday that it had successfully raised $6.4 billion for its fund, focusing on infrastructure and energy-related investments…
African Development Bank and OCP Group sign agreements…
In a significant move to address water scarcity and combat climate change, the African Development Bank (AfDB) and the OCP Group have signed three loan…
Study finds microplastics present in 100% samples of…
Recent research conducted by University of New Mexico Health Sciences researchers has revealed the presence of microplastics in human placentas, shedding light on a concerning…
UK advertising watchdog clears Ford of “zero emissions…
The UK's advertising regulator, the Advertising Standards Authority (ASA), has dropped its investigation into Ford after the carmaker's claims of "zero emission driving" in a…
France’s Engie takes $774 million blow on US…
On Thursday, France's Engie announced a 714 million euro ($774 million) impairment charge for last year due to issues with onshore wind turbines in the…
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…
Braya completes conversion of refinery, starts renewable diesel…
On Thursday, Braya Renewable Fuels started producing renewable diesel at Canada's Come-by-Chance refinery post its transition.
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…
Carbon footprint concerns shake real estate market, investors…
Real estate firms are seeing a significant drop in property values because European rules push investors and bankers to avoid buildings with high carbon emissions.
SQM Lithium Ventures invests $9.4 million in EV…
SQM Lithium Ventures has put $9.4 million into Altilium, a British electric vehicle battery recycling company, to help it grow.
India’s Bengaluru faces acute water shortage
India’s tech city, Bengaluru, is experiencing severe water scarcity even before the peak summer months. Residents are rationing water and paying nearly twice the regular…
Fixing onshore wind power business could take years,…
Siemens Energy is confident it can address quality problems in its onshore wind division. Still, it might take several years, according to the CEO's written…
US battery sales surge after California slashed rooftop…
Solar and battery storage firm Sunrun Inc. is experiencing a rise in battery sales in the US, notably in California, the country's largest solar market.…
Brazil to roll out measures to help with…
Brazil's government plans to introduce new measures next Monday to assist foreigners with foreign exchange hedges for their investments in sustainable development. The goal is…
Britain to miss its decarbonisation targets for 2030,…
Britain is expected to fall short of its goals to cut carbon emissions by 2030 and achieve net zero emissions by the middle of the…
China’s 2023 rise in coal approvals puts climate…
In 2023, China waved the green flag for an additional 114 gigawatts (GW) of coal power capacity, marking a 10% increase from the previous year.
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.
Lake Stevens to welcome sustainable new library project
Lake Stevens is on the brink of a significant upgrade to its public infrastructure with the forthcoming construction of a new library, a collaboration between…
Australia initiates consultation on climate-related financial disclosure rules
The Australian Treasury has launched a consultation to gather feedback on proposed rules regarding climate-related financial disclosure, aiming to align with recommendations from the International…
Malaysia considers mandatory sustainability reporting based on International…
The Securities Commission of Malaysia has announced the initiation of a consultation process regarding the potential adoption of the International Sustainability Standards Board (ISSB) standards,…
EU reaches provisional agreement on Carbon Removal Certification…
Negotiators representing the European Parliament and EU member states have reached a provisional agreement on establishing a certification framework for carbon removal within the EU.…
Solar panel installations at home decline for the…
Last year, fewer Spaniards installed solar panels on their homes, marking the first decrease since 2018 as subsidies lost their impact.
Brazil’s state run oil firm to invest $1.5…
Petrobras and its partners plan to invest about $1.5 billion to introduce decarbonization technology in one of their oilfields, according to the firm's CEO Jean…
Germany allocates up to $3.8 billion for future…
According to the economy ministry, Germany plans to allocate up to 3.53 billion euros ($3.8 billion) in public funds for acquiring green hydrogen and its…
Rio Tinto signs renewable power purchase agreement for…
Mining giant Rio Tinto Ltd has partnered with renewable energy company Windlab to purchase a majority of the electricity from its upcoming 1.4-gigawatt wind energy…
IEA’s reports influenced by governments’ low carbon targets,…
The International Energy Agency (IEA) in Paris releases an annual report that significantly influences government policies and billions of dollars in energy investments. An energy…
Campaign groups accuse UK’s climate strategy of misleading…
Three environmental groups have told London's High Court that Britain's new climate action plan is unlawful because ministers received incorrect information about meeting emissions targets.
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…
Shell eyes growth in German biomethane market
Shell is poised for expansion in the German biomethane market, aiming to cater to its client base's demand for decarbonized energy while capitalizing on the…
Australia launches consultation on climate-related financial disclosure rules
Australia is embarking on a consultation process to gather feedback on proposed climate-related financial disclosure rules in line with recommendations from the International Sustainability Standards…
Power Grid approves $87.6 million USD investment for…
The Power Grid Corporation of India has greenlighted a substantial investment of $87.6 million USD aimed at bolstering electricity transmission projects across the nation in…
IREDA and PNB join forces to boost renewable…
Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have forged a Memorandum of Understanding (MoU) to propel renewable energy projects across…
Rockefeller Foundation proposes a new approach to clean…
The Rockefeller Foundation has suggested a novel strategy for advancing the transition to clean energy in the Philippines, emphasizing meticulous planning by the recipient countries…
CRIF launches ESG analytics for UK banks
CRIF, a leading provider of consumer and business credit information in Europe, has unveiled ESG Analytics, a revolutionary data repository and scoring service aimed at…
Indonesia’s revised green investment regulations to include coal…
On Tuesday, Indonesia introduced an updated ‘taxonomy’ or green investment guideline. It now includes coal-fired power plants used in nickel facilities, aiming to promote a…
Japanese firm transforms construction waste into green jet…
Japanese cardboard manufacturer Rengo is set to invest $133 million to produce raw materials for sustainable aviation fuels (SAF) from construction waste by 2027.
US to ease emission targets in climate push;…
According to Reuters sources, the Biden administration plans to ease yearly requirements until 2030 in its ambitious effort to reduce tailpipe emissions and boost electric…
Toyota faces scrutiny for cheating engine emissions tests
Japan's transport ministry is preparing to act against a Toyota Motor Corp affiliate for cheating engine emissions tests. This could involve withdrawing certification for specific…
Asia pioneers in sustainable aviation fuel projects
Sustainable Aviation Fuel (SAF) are alternative fuels made from renewable sources for airplanes, which is essential for the aviation sector to achieve its goal of…
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…
Airbus demonstrates SAF use in A350-1000 at Singapore…
As part of its commitment to sustainability, Airbus showcased its A350-1000 aircraft utilizing sustainable aviation fuel (SAF) during the Singapore Airshow 2024, held from Feb…
Indonesian government advocates green investments for sustainable development
The Indonesian Ministry of Environment and Forestry (KLHK) is actively promoting green investments to facilitate a shift towards clean energy and mitigate carbon emissions, aiming…
Sundaram Alternates Assets plans to raise $135 million…
Sundaram Alternates Assets (SAA), the private equity division of the Sundaram Finance Group, said that it aims to secure approximately $135 million (₹1,000 crore) from…
US natural gas prices plummet to near-record lows…
US natural gas prices have nosedived to levels not seen in nearly three decades, driven by a combination of record-high production and historically warm winter…
FRA Chairman announces initiatives to fortify Egypt’s financial…
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), revealed a series of initiatives to strengthen Egypt's non-banking financial sector while promoting sustainability.
Nandina REM and A*STAR collaborate on reclaimed carbon…
In collaboration with Singapore’s Agency for Science, Technology and Research (A*STAR), Nandina REM has introduced an innovation in aviation circularity by reclaiming high-quality carbon fibre…
Major dissensions rise among automobile manufacturers over carbon…
Differences in opinion among major Indian automobile manufacturers have stalled progress in reaching a consensus on calculating carbon credits.
Avnos secures $36 million funding for CO2 removal…
Los Angeles-based Avnos announced the closure of a $36 million Series A funding round for carbon dioxide removal with its innovative Hybrid Direct Air Capture…
SOHAR Port & Freezone join hands for battery…
SOHAR Port and Freezone announced the signing of a land lease agreement with Starsun Sohar (FZC) to establish a recycling plant dedicated to the sustainable…
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…
EY joins hands with Microsoft to launch climate…
EY Canada announced that it has collaborated with Microsoft Azure and launched an EY Climate Stress Testing and Scenario Analysis solution to assist Canada’s financial…
Government issues guidelines for pilot projects using green…
The government has released guidelines for initiating pilot projects to utilise Green Hydrogen as fuel in buses, trucks, and four-wheelers, marking a significant step towards…
Asian asset owners focus on ESG investment strategies:…
Asian asset owners increasingly prioritise environmental, social, and corporate governance (ESG) factors in their investment strategies, noted a recent survey conducted by Asianinvestor.
IFC invests $10 million in Tajikistan’s first local…
The International Finance Corporation (IFC) has announced its subscription of up to $10 million in Tajikistan's landmark local currency green bond issued by Eskhata Bank,…
King & Wood Mallesons advises lenders on $400m…
King & Wood Mallesons (KWM) recently guided a syndicate of lenders, including Westpac Banking Corporation, Standard Chartered Bank, Export Development Canada, and Société Générale, in…
Wisconsin’s climate goals clash with fossil fuel projects
Wisconsin Governor Tony Evers recently secured federal funding to purchase 70,000 acres of the Pelican River Forest, marking the state's largest conservation effort.
New York State Retirement Fund to divest from…
The New York State Common Retirement Fund, overseeing $260 billion in assets, announced plans to divest from Exxon Mobil Corp. and seven other oil and…
23% global GHG emissions under carbon pricing: CMI…
23% of global greenhouse gas emissions are now under carbon pricing and generated US$100 billion in 2022 alone, noted a new report from the Carbon…
Activists barge into Canada finance minister’s office, insist…
Climate activists storm into Canadian Finance Minister Chrystia Freeland's Toronto office, urging the government to include bank climate regulations in its 2024 budget.
ESG takes backseat, sees slowdown in sales of…
Interest in sustainable investing has dwindled over the past year due to political controversies surrounding environmental, social, and governance (ESG) strategies.
Solar use soars by 30% on US farms…
According to the latest US Census of Agriculture, solar power is gaining popularity on American farms, with a 30% increase in photovoltaic installations.
Global leaders celebrate 50 years of IEA, discuss…
Energy ministers, oil executives and green investors gathered this week to celebrate 50 years since the formation of the International Energy Agency to strengthen clean…
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+.
Indian government releases guidelines for use of hydrogen…
The Indian government has issued scheme guidelines to support pilot projects utilizing green hydrogen as fuel in the transport sectors. The Ministry of New &…
World Bank allocates $300 million for renewables &…
The World Bank has allocated nearly $300 million to the Eastern and Southern African Trade and Development Bank (TDB) to boost distributed renewable energy and…
European ethanol producers challenge EU’s Aviation Biofuel Regulation…
European renewable ethanol producers have initiated legal action against the EU's RefuelEU Aviation Regulation, arguing that it unfairly excludes crop-based biofuels from efforts to mitigate…
Korean financial regulator to roll out ESG investment…
South Korea’s Financial Services Commission (FSC) announced plans to introduce guidelines for public disclosures on investments aligned with environmental, social, and governance (ESG) objectives by…
Greenland Resources & COWI forge sustainable mining pact
Greenland Resources Inc. has inked a Memorandum of Understanding (MOU) with COWI, Denmark's integrated engineering and environmental firm.
Tech Mahindra leads decarbonization drive with net-zero roadmap
Tech Mahindra, headquartered in Pune, is charting an ambitious path towards decarbonization, aiming for net-zero emissions by 2035. As part of this endeavor, the company…
ALTÉRRA aims to drive global climate transition, says…
ALTÉRRA, a new $30B catalytic climate investment fund launched at COP28, aims to become the "fund of choice" for the climate transition, HE Ambassador Majid…
Adani Green Energy starts operations on the world’s…
Adani Green Energy Limited (AGEL) has started operationalizing a 551 MW solar capacity in Khavda, Gujarat, marking a significant milestone in India's renewable energy sector.
Aircastle invests in United Airlines Ventures’ Sustainable Flight…
Aircastle Limited announced that it has invested in the United Airlines Ventures’ Sustainable Flight Fund.
India’s Bharat Petroleum to set up first-ever green…
Indian refiner Bharat Petroleum Corp Ltd (BPCL) announced on Wednesday its plan to establish the first green hydrogen plant within an airport in the country.
US Treasury: Dealers reimbursed $135 million in EV…
The US government has refunded auto dealers approximately $135 million in advance electric vehicle (EV) tax credit payments from the beginning of the year until…
Political parties should prioritize long-term thinking on climate…
It is important for political parties to adopt long-term thinking and stable policies to finance the transition to a net-zero economy, said Angus Whiteley, CEO…
Canada rebrands carbon tax, highlights rebates
The Canadian government, aiming to protect its crucial carbon tax from opposition criticism, introduced a new branding strategy.
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…
Stora Enso partners with IUCN to develop framework…
Stora Enso announced that it has partnered with the International Union for Conservation of Nature (IUCN) on a framework to verify net positive impact on…
Verde joins hands with WayCarbon to advance carbon…
Verde AgriTech Ltd has partnered with WayCarbon to boost the development and monetization of its carbon removal project.
European aviation associations call for stronger SAF policies
European aviation associations, including airlines, airports, civil aeronautics industry, and air navigation service providers, are urging EU policymakers to bolster efforts in developing a leading…
Japan to issue first tranche of green bonds
Japan's government is poised to issue its inaugural tranche of bonds to fund the development of clean energy resources, with investors anticipating robust demand due…
Dubai Municipality partners with global companies to produce…
Dubai Municipality has inked a Memorandum of Understanding (MoU) with global corporations during the World Governments Summit 2024 to revolutionise waste management practices in Dubai.
Raízen and Wärtsilä partner to advance ethanol as…
Raízen, Brazil’s third-largest energy corporation in terms of revenue, and Wärtsilä, a Finnish manufacturer, have joined forces to accelerate the decarbonization of the marine sector…
EU parliament proposes stricter restrictions on carbon offsets…
The European Parliament is poised to enforce stringent limits on carbon offsetting arrangements, signalling a crackdown on greenwashing within the EU.
India’s investment in upstream sector vital for energy…
It is important for India to continue investing in the upstream sector to bolster oil and gas production, Mannish Mahesshwari, CEO of Invenire Energy, told…
Carbon capture is not a solution for energy…
Andrew Forrest, the executive chairman of Fortescue Metals, stated at the 50th anniversary meeting of the International Energy Agency that carbon capture is not a…
Europe may need more private funds to achieve…
The EU may need to push more private funds into sustainable investments to achieve its net zero economy targets, as revealed in an EU discussion…
Barclays releases revised climate change statement & transition…
Barclays has released a revised Climate Change Statement as part of its ongoing climate strategy. It also introduced a Transition Finance Framework to help meet…
Urgent need for $8 trillion investment in renewables…
A new report by Climate Analytics has pointed out an investment totaling $8 trillion in new renewables and $4 trillion in grid and storage infrastructure…
California agency rejects Stellantis bid to void 2019…
A California agency turned down Stellantis' attempt to cancel a 2019 emissions deal with rival automakers.
French minister says public funds for climate efforts…
On Tuesday, French Finance Minister Bruno Le Maire emphasized that combating climate change now relies on private sector funding, as public financing from France and…
EU plans diplomatic push for global carbon trading
According to the European Union’s (EU) climate policy chief, the bloc plans to help non-member countries start carbon markets to promote global trading of CO2…
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…
US enterprise investments in ESG initiatives set to…
A recent report by Information Services Group (ISG) has predicted a significant expansion in US enterprise investments in sustainability and other Environmental, Social, and Governance…
CEOs prioritize sustainability even if short-term profits decrease:…
CEOs are ready to make expenditures that address environmental, social and governance (ESG) issues even if doing so reduces short-term profitability, according to the PwC’s…
Mainland China’s stock exchanges release guidelines for sustainability…
Mainland China’s major stock markets, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), have released their guidelines for listed…
GEF launches new GBFF council, agrees on $1.1…
The Global Environment Facility (GEF) gathered its 186 member governments in Washington for the inaugural meeting of the Council of the Global Biodiversity Framework Fund…
India Energy Storage Alliance launches India Reuse and…
In response to industry recommendations on battery reuse and recycling from the India Battery Manufacturing and Supply Chain Summit 2024, the India Energy Storage Alliance…
England launches ambitious biodiversity credit scheme
England is set to introduce a biodiversity credit scheme this week, aiming to ensure that all new construction projects contribute positively to nature conservation.
Chile seeks European investment for green energy transition
Chile is actively seeking European investors to support its transition to renewable energy sources like solar, wind, and green hydrogen.
California releases plan to phase out fracking, ending…
After three years of halted fracking activity, Governor Newsom's California Geologic Energy Management Division unveiled its proposal to phase out fracking in the state formally.…
US Department of Energy to invests $100 million…
The US Department of Energy’s Office of Fossil Energy and Carbon Management announced a $100 million investment to help develop a commercially viable carbon dioxide…
Three COP summit hosts come together to accelerate…
The United Arab Emirates, which hosted COP28 last year, along with Azerbaijan and Brazil, hosts of the upcoming UN climate summits, announced on Tuesday their…
Clean energy investment in most developing economies yet…
Clean energy investment in many emerging and developing economies (EMDE) remains low due to reduced capital flows to clean energy projects, notes a new report…
Higher production boosts Coal India’s third-quarter profits beyond…
Coal India reported a higher-than-expected third-quarter profit on Monday as the state-run miner increased production to meet rising electricity demand in the country. The company…
California’s atmospheric rivers boost hydropower supplies
The recent atmospheric rivers in California will help its hydropower systems by replenishing reservoirs and increasing snowpack levels.
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…
UK & Egypt sign sustainable cities and infrastructure…
His Majesty’s Ambassador to the Arab Republic of Egypt, Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. Amin Ghoneim signed a…
Hong Kong government issues HK$6 billion digital green…
The Government of the Hong Kong Special Administrative Region (HKSAR) has issued approximately HK$6 billion in digital green bonds, showcasing a groundbreaking integration of fintech…
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…
India aims for 65% non-fossil energy by 2030,…
About 65% of India’s energy requirements will come from non-fossil sources by 2030, said India’s Union Minister of Power and New & Renewable Energy. The…
Impact investors stress SME engagement for adoption of…
Impact investors in Nigeria have emphasized the importance of engaging a broader audience, particularly Small and Medium Enterprises (SMEs), to ensure the successful implementation of…
Malaysia introduces ESG Quick Guide for MSMEs
Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi has unveiled Malaysia's Environmental, Social, and Governance (ESG) Quick Guide for Micro, Small, and Medium Enterprises…
Brazilian solar project earns platinum seal from Global…
The Sol do Sertão Renewable Energy Project in Brazil has garnered acclaim from the Global Carbon Council (GCC), earning a prestigious platinum seal and ranking…
EU passes truck emissions law despite German resistance
European Union countries voted to pass a law aiming to reduce truck emissions after Germany's late demands almost derailed it.
JSW signs agreement with Odisha for electric vehicle…
JSW Group has signed an agreement with the Odisha government to set up electric vehicle (EV) facilities in the state, with an investment of ₹40,000…
ADIB commits to fostering sustainability through ‘VOLT’ electric…
Abu Dhabi Islamic Bank (ADIB) announced that its financing program for electric cars, ‘VOLT’, has witnessed excellent customer demand. Over 2% of total car financing…
Indian Biogas Association proposes over $4000 million investment…
The Indian Biogas Association has proposed an investment of ₹30,000 crore for procuring machinery and equipment needed to supply biomass to compressed biogas plants. This…
Tensions rise in California’s Morro Bay as conservation…
President Joe Biden's key goals - conservation and transitioning to clean energy - clash in the ocean along California's serene Central Coast.
Brazil’s 2024 electric bills to reflect larger renewable…
By 2024, Brazil's renewable energy subsidies will exceed those for fossil fuel bills at thermoelectric plants, possibly raising taxpayers' electricity costs, reports Aneel, the electricity…
Rio Tinto draws criticism for water management in…
Mining giant Rio Tinto, who faced criticism for damaging an ancient indigenous site in 2020, faces investor scrutiny again, this time for its water management…
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…
Air Liquide to invest over $40 million to…
Air Liquide and Dow renewed their industrial gas supply agreement in Stade, one of Germany’s largest chemical production sites.
US Forged Rings Inc. announces $700M investment in…
US Forged Rings Inc. (USFR) announced a $700M investment in the US offshore wind industry. It will be used to construct a state-of-the-art tower fabrication…
Barclays to stop financing oil & gas industry
Barclays, Britain's largest lender to the oil and gas sector, told Reuters that it would stop directly financing new oil and gas fields and limit…
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.
University of California unlocks new method for sustainable…
With the global energy sector moving towards net zero emissions by 2050, biofuels and other renewable, clean energy sources have taken center stage. Now, researchers…
Solar firm scraps plan to build major US…
CubicPV, a solar energy equipment maker, cancelled its plan to construct a large silicon wafer factory in the US due to falling product prices and…
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…
Mitsubishi Electric releases environmental plan 2025 to drive…
Mitsubishi Electric Corporation has revealed its Environmental Plan 2025 (April 2024 to March 2026), which aims to address environmental challenges while fostering sustainable practices.
Emirates NBD partners with Sidara for $50 million…
Emirates NBD (banking group in the MENAT region) has partnered with Sidara (specialist architecture, engineering, and consulting brands collaborative) to arrange a $50 million Sustainability…
NYC pension funds urge Royal Bank of Canada…
Two significant New York City pension funds pressured the Royal Bank of Canada (RBC) to disclose more information about its clean energy investments. The New…
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…
HDFC Bank raises $750 million through sustainable finance
India's HDFC Bank, the country's largest private lender by market capitalization, has successfully raised $750 million through its debut sustainable finance dollar-denominated bond issue and…
China poised for accelerated green bond issuance in…
Following its emergence as the leading global market for green bond sales in the fourth quarter of 2023, China is anticipated to witness a surge…
Washington state bill proposes 10% SAF blend requirement…
Legislation currently under consideration in Washington state aims to mandate airport operators to offer a minimum blend of 10% sustainable aviation fuel (SAF) for private…
Dutch healthcare pension fund divests from fossil fuels…
The Dutch healthcare workers' pension fund PFZW announced on Thursday that it had sold nearly all its investments in fossil fuel companies, including major players…
India Energy Week 2024: OPEC Secretary General says…
The global energy demand will rise between now and 2045 by 23% and require about $14 trillion in investments over the next 20 years to…
ITFC signs $2.1 billion deal with Bangladesh for…
According to energy officials, the International Islamic Trade Finance Corporation (ITFC) has inked a significant $2.1 billion financing plan with Bangladesh to support the nation's…
India Energy Week 2024: PM Modi propels $67…
Indian Prime Minister Narendra Modi, inaugurating the second edition of India Energy Week 2024 in Goa on February 6, said India offers opportunities for $67…
Schroders Greencoat unveils UK’s first renewable energy LTAF
Schroders Greencoat has announced the launch of Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF), the UK’s first LTAF exclusively dedicated to renewable energy and…
Britain’s Labour Party to back out of its…
According to sources reported by the BBC on Wednesday, Britain's opposition Labour Party is withdrawing its £28 billion ($35.34 billion) commitment to invest in green…
EU truck emission goals in jeopardy as German…
Disagreements within Germany's three-way coalition may hinder EU plans to reduce truck emissions. The pro-business Free Democrats (FDP) raised unexpected objections, causing the German government…
January was the world’s hottest month ever recorded:…
The European Union's Copernicus Climate Change Service (C3S) reported that this January was the hottest on record, continuing a trend of extreme heat driven by…
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…
Recurrent Energy secures $160 million financing, secures Microsoft…
Recurrent Energy, a subsidiary of Canadian Solar Inc., announced on February 6 that it had secured $160 million in project financing for its Bayou Galion…
ONGC joins hands with TotalEnergies to detect and…
During India Energy Week 2024 (February 6-9 in Goa), ONGC signed a cooperation agreement with TotalEnergies for methane emissions detection and measurement campaigns. TotalEnergies’ AUSEA…
UK renters urge sustainable property upgrades: NatWest and…
A new report from NatWest and S&P Global indicates that 75% of UK renters anticipating higher rental costs want landlords to enhance property sustainability. Natwest’s…
Retired teachers lead campaign urging Wisconsin pension fund…
Anne Steinberg, a retired technical college teacher from Milwaukee, is spearheading a campaign urging the State of Wisconsin Investment Board (SWIB) to divest from fossil…
UK green bond sale oversubscribed 3 times, eases…
In a reassuring turn of events, a sale of UK green bonds on Tuesday witnessed the highest level of oversubscription in four years, dispelling fears…
GEF Council approves $916 million for urgent environmental…
On February 5, the Global Environment Facility allocated $916 million for international action on biodiversity, climate change, nature renewal, and pollution control and to advance…
Hong Kong sells $750 million in digital green…
In a move to bolster its position as a digital asset hub, the government of Hong Kong has successfully sold $750 million worth of digital…
Lamborghini targets a 40% reduction in CO2 emissions…
Luxury sports car manufacturer Automobili Lamborghini has unveiled a bold climate commitment, aiming for a 40% reduction in CO2 emissions per car across its entire…
Environmental Agency to review complaint on emissions from…
On Tuesday, the Commission for Environmental Cooperation (CEC), responsible for environmental matters in the US, Mexico, and Canada, announced that it would assess a complaint…
Siemens Energy hits $1.7 billion net profit in…
Siemens Energy reported a net profit of 1.58 billion euros ($1.7 billion) in the first quarter, attributing it to a one-time gain from selling an…
Industrial gases firm says US green subsidies won’t…
Linde CEO Sanjiv Lamba told Reuters, during a post-earnings call, on Tuesday that the recent changes to Inflation Reduction Act (IRA) subsidies for clean energy…
BP will explore potential partnerships for solar business:…
Oil giant BP is considering getting other companies involved with Lightsource BP, a solar development company, to profit more from its rapidly growing business, CEO…
BlackRock CEO seeks common ground with Texas post…
BlackRock's CEO Larry Fink aimed to connect with Republican officials at a Houston energy summit after Texas banned the asset manager due to its shift…
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…
Max Planck Institute develops method to make green…
Researchers at the Max Planck Institute for Iron Research have developed a method to make green steel out of waste produced during aluminum manufacturing. The…
Asian Development Bank raises $150 million for green…
The Asian Development Bank (ADB) has raised ₹12.5 billion (about $150 million) from the green bond issue to date. ADB’s bond will support projects in…
Gasum to build a new biogas plant in…
Energy company Gasum announced its decision to invest in a new biogas plant in Borlänge, Sweden. The project has been granted a subsidy of 15…
Element United launches tokenized carbon credit marketplace and…
Element United, a Utah-based company led by former miner and Jungle Gold star Scott Lomu, has unveiled plans for a tokenized carbon credit marketplace and…
ING forecasts steady growth for carbon capture and…
Global financial services provider ING has predicted continued growth for the carbon capture and storage (CCS) market, despite facing obstacles at the start of 2024.
Ahmedabad Municipal Corporation accepts bids for debut green…
India's Ahmedabad Municipal Corporation has successfully accepted bids totaling Rs 200 crore ($24.1 million) for its inaugural green bonds, with a maturity period of five…
GRI launches new mining sector reporting standard to…
The Global Reporting Initiative (GRI), a pioneer in promoting standardized Environmental, Social, and Governance (ESG) reporting, has unveiled its latest initiative - a dedicated reporting…
Indian coal production surges by 10.3% in January
In a significant uptick, India's coal production witnessed a notable increase of 10.3% in January, reaching 99.73 million tonnes (MT) compared to the corresponding period…
India unveils scheme guidelines for green hydrogen in…
The Government of India has released “Scheme guidelines for implementation of pilot projects for use of Green Hydrogen in the shipping sector.” The guidelines were…
OCBC doubled SME sustainable financing in 2023
Singapore's Oversea-Chinese Banking Corp (OCBC) has more than doubled its sustainable financing, OCBC head of global commercial banking Linus Goh said during a media briefing.
India’s TERI to launch green shipping portal at…
At the World Sustainable Development Summit in New Delhi this week, The Energy and Resources Institute (TERI) will introduce a green shipping portal.
India’s largest power producer to take its green…
The top official of India's biggest power producer, NTPC Ltd said on Tuesday that its renewable energy division is expected to become a public company…
Growing interest in sustainable investing among individual investors:…
A new report titled “Sustainable Signals,” published by Morgan Stanley, has highlighted a surge in global individual investor interest in sustainable investing.
EU Commission set to propose major CO2 cuts…
The European Commission plans to suggest on Tuesday that the EU should reduce the amount of greenhouse gases it produces by 90% by the year…
China toughens rules for industrial polluters ahead of…
China has made its rules stricter for factories and other industries that cause excessive pollution, part of its national carbon market.
Deutsche Bank unit expects divestments following new ESG…
Deutsche Bank's investment unit needs to sell more than 5% of its investments in certain ESG funds as a result of new regulations from the…
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…
Hong Kong to host green finance training for…
Hong Kong will host a three-day green and sustainable finance training event in June, targeting policymakers, regulators, and finance professionals from dozens of developing nations.
Itochu expands its role in US solar projects,…
Japanese trading house Itochu has taken on a larger role in developing large-scale solar power plants in the US.
India’s 2024 budget unveils strategies to fasten net…
During India’s Budget 2024 speech, Finance Minister Nirmala Sitharaman announced plans to make 10 million households' rooftops solar-powered. She also mentioned offering funding to tap…
Qatar Ministry facilitates recycling by providing free materials…
The Ministry of Municipality in Qatar supports recycling initiatives by offering recyclable materials at no cost to recycling factories in the country.
UN climate chief appeals for $2.4 trillion in…
Executive secretary, United Nations Framework Convention on Climate Change Simon Stiell while delivering a lecture at ADA University in Azerbaijan’s Baku on Friday, said at…
Indian Oil and Gas PSUs unveil ambitious investment…
In a strategic move to bolster the country's energy infrastructure, major players in India's oil and natural gas sector, including the Oil and Natural Gas…
China implements stricter rules to combat carbon trading…
On Sunday, China introduced new regulations to better oversee carbon trading and clamp down on emissions data fraud. These rules, approved by China's cabinet, take…
New Mexico House passes carbon credit swaps bill
The New Mexico House of Representatives has passed a proposal to incentivize fuel companies to invest in cleaner options by allowing them to purchase carbon…
Italy will invest in Enel’s solar panel production:…
Prime Minister Giorgia Meloni announced that Italy will invest in Enel's new photovoltaic panel factory in Sicily, aiming to increase production and establish itself as…
Germany’s climate fund falls short of $10.8 billion,…
Germany's fund for addressing climate issues and transformation may fall short by up to €10 billion ($10.8 billion) next year, which could challenge the country's…
Australia announces fuel efficiency rules to boost EV…
On Sunday, the Australian government released a ‘preferred model’ for new standards on vehicle emissions as the country is looking to promote the uptake of…
‘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…
Generate Capital secures $1.5 billion to drive sustainable…
Generate Capital, a sustainable infrastructure developer based in San Francisco has successfully raised $1.5 billion in capital commitments from institutional investors and pension funds.
Australian collaboration aims to drive green steel and…
Australia's national science agency, CSIRO, and Swinburne University of Technology have joined forces to spearhead research and development in green steel and mineral processing, contributing…
Japan Bank for International Cooperation (JBIC) partners with…
The Japan Bank for International Cooperation (JBIC) has inked a Heads of Agreement (HOA) with the Abu Dhabi National Oil Company (ADNOC), laying the groundwork…
Ajman Bank partners with Mastercard for sustainable banking…
Ajman Bank has joined forces with Mastercard to integrate innovative sustainability solutions into its services.
TotalEnergies to develop an electric mobility network in…
TotalEnergies has entered into an agreement with Wenea to build a prominent electric mobility network in Spain, focusing on the development of high-power charging hubs.
Japanese retail investors withdraw $4.5 billion from ESG…
Japanese retail investors have withdrawn ¥660 billion ($4.5 billion) from ESG mutual funds in 2023, marking a significant increase from the ¥150 billion outflows in…
UK banks might hold too little funds to…
In a letter to the Bank of England, seen by Reuters, a group of investors, including major pension schemes from the UK and Europe, expressed…
Canadian pension manager launches C$1 billion energy transition…
The Alberta Investment Management Corporation (AIMCo), a top Canadian pension manager, has announced the formation of a C$1 billion ($745 million) energy transition fund. This…
Brazil’s Amazon Fund raised $640 million in donations…
Amazon Fund, in 2023, which focuses on developing the rainforest sustainably, received $640 million in new pledged donations from developed countries, Tereza Campello, environmental director…
Climate software firm raises $100 million in Series…
Watershed, a climate software company, raised $100 million in a Series C funding round led by investment firm Greenoaks, valuing the company at $1.8 billion.
Activist investors withdraw Exxon’s climate proposal
Exxon Mobil stated in a court filing on Thursday that activist investors are backing down from a climate proposal.
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…
EC launches probe Into Swedish tax exemption schemes…
The European Commission has initiated an in-depth investigation to assess the compliance of two Swedish tax exemption schemes for non-food-based biogas and bio-propane with European…
ADB sets climate finance record with $9.8 billion…
The Asian Development Bank (ADB) has achieved a record commitment of $9.8 billion in climate finance in 2023, marking a more than 46% increase from…
Lawsuit filed against California’s new climate laws, plaintiffs…
The State of California is facing a lawsuit against two out of three of its new climate laws, namely the ‘Climate Corporate Data Accountability Act’…
China set to surpass coal in installed wind…
The China Electricity Council (CEC) has predicted that China's installed wind and solar capacity will surpass coal capacity in 2024.
Google signs its largest-ever offshore power agreement with…
Google has made its biggest deal ever to buy power from offshore wind projects near the Netherlands.
Companies struggle with EV transition as demand for…
As the demand for fast package delivery increases, companies are facing challenges transitioning to electric vehicles (EVs). Americans now make over 15% of their purchases…
Sustainable aviation fuel crunch can hamper airlines’ climate…
Airlines are finding it difficult to obtain and use lower-carbon fuels due to a shortage in supply and high costs, according to Cathay Pacific's head…
EU leaders show signs of toxic disease due…
Top European leaders, including former vice presidents like Frans Timmermans and the current environment commissioner Virginijus Sinkevičius, have tested positive for a toxic chemical disease…
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.
Emirates joins Solent Cluster to advance sustainable aviation…
Emirates has become a member of the Solent Cluster, a cross-sector collaboration consisting of over 100 international organizations, manufacturers, engineering companies, regional businesses, and academic…
European Central Bank announces climate and nature plan…
The European Central Bank (ECB) has introduced a new "climate and nature plan 2024-2025" to address the increasing impact of the climate crisis on the…
Spain’s Qualitas Energy expands in the US by…
Qualitas Energy, Spain's leading renewable energy fund, has reached an agreement to acquire Heelstone Renewable Energy LLC from Ares Management LLC.
Berlin-based startup secures €9.2 million funding for carbon…
Berlin-based BlueLayer, a comprehensive software platform for carbon project developers, has raised €9.2 million in seed and pre-seed investment rounds, with Point Nine, an early-stage…
Canadian pension fund under scrutiny for $100 million…
The Canada Pension Plan Investment Board (CPPIB), responsible for managing retirement savings for over 21 million Canadians, is facing criticism for a $100 million investment…
European solar industry appeals for EU intervention amidst…
European solar panel manufacturers are asking the European Union (EU) for urgent help to prevent local companies from closing due to price pressure from Chinese…
Indonesia permits 30% of overseas CO2 in new…
Indonesia's new presidential regulation on carbon capture and storage (CCS) allows operators to reserve 30% of storage for imported CO2.
Top US business groups sue California over climate…
Big business groups including the US Chamber of Commerce and the American Farm Bureau Federation have filed a lawsuit against California seeking to cancel the…
Biden administration sets rules to make gas &…
The Biden administration has introduced new energy-saving rules for kitchen stoves to cut utility bills and enhance reliability. These rules won't prohibit gas stoves.
Spain’s Catalonia makes a multi-billion strategy to survive…
In an effort to address water scarcity resulting from less rainfall, Catalonia, home to Spain's second-largest regional economy and the renowned tourist destination Barcelona, is…
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…
Kenya publishes draft Carbon Market Regulations for public…
The Kenyan government released draft Carbon Market Regulations, on 29th January, inviting public scrutiny and submissions until early February 2024.
US agricultural officials challenge banks over Net-Zero Banking…
A coalition of 11 state agricultural commissioners and one secretary of agriculture in the US has raised concerns with six major financial institutions regarding their…
Ethics code proposed to combat greenwashing in ESG…
Companies responsible for verifying environmental, social, and governance (ESG) claims may be required to adhere to a new ethics code to address greenwashing, according to…
India launches framework for voluntary carbon markets in…
The Indian central government has introduced a ‘Framework for Voluntary Carbon Market in Agriculture Sector and Accreditation Protocol of Agroforestry Nurseries’ to encourage voluntary carbon…
EU adopts legislation to phase down 500 million…
The European Council on Monday announced the adoption of new legislation aimed at phasing down highly potent greenhouse gases, including fluorinated gases (F-gases) and ozone-depleting…
Climate-focused fund investments drop by 75% in the…
While the world is trying to sprint through the race against climate change, climate investments have taken an antithetical turn in the US.
World’s largest jeweler opts for recycled gold and…
Pandora, the biggest jewelry maker in the world, has decided to stop using newly mined silver and gold and pick only recycled precious metals, as…
ARMSWISSBANK joins the Partnership for Carbon Accounting Financials
Recognizing the importance of sustainable financing and transparent reporting, ARMSWISSBANK has officially joined the Partnership for Carbon Accounting Financials (PCAF). The bank said that it…
Methane hydrate extraction market: Study provides forecast for…
The methane hydrate extraction market is projected to reach 66,901.8 thousand cubic meters by 2025, notes a study by Allied Market Research.
Exxon’s lawsuit concerns shareholders advocating environmental and social…
Shareholders who use resolutions to push companies on environmental and social matters are concerned that a lawsuit by Exxon Mobil, skipping the US securities regulator,…
Power plant boiler market poised for expansion through…
A report published by Allied Market Research has noted that the global power plant boiler market valued at $19.0 billion in 2021, is expected to…
Democrats want Biden’s Power, EV climate plan to…
Democrats in swing states are expressing concerns about President Biden's environmental policies. They worry that these policies, which focus on areas like pollution reduction from…
Tata Steel unveils transformation plan towards green steel…
Tata Steel has revealed its plan to transition from traditional blast furnaces to environmentally friendly steel production methods. Tata Steel aims to reverse over a…
ESG funds hit historic lows in nearly two…
ESG (Environmental, Social, and Governance) investing had a tough time in the last three months of 2023. ESG funds in the US lost over $5…
EU’s ambitious net zero goal demands 1.5 trillion…
Research by a group of Green EU lawmakers says that the European Union needs to invest 1.5 trillion euros (about $1.6 trillion) every year to…
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…
Global standards chief calls for new ethics code…
Companies responsible for verifying environmental, social, and governance (ESG) claims will be urged to adhere to a new ethics code to combat greenwashing, according to…
KACST and ACWA join hands to establish a…
King Abdulaziz City for Science and Technology (KACST) and ACWA Power inked an agreement to establish a joint "Clean Energy and Water Desalination Technologies Development…
European Alps could lose 46% of glaciers by…
A new computer model developed by scientists from the University of Lausanne, in collaboration with the University of Grenoble, ETHZ, and the University of Zurich,…
Repsol chooses Vissim’s advanced oil spill detection for…
Repsol Norge, a Norwegian multi-energy company has entered into a contract with Vissim to deploy an advanced oil spill detection system at the Yme Field…
World Wetlands Day celebration sheds light on ecosystem’s…
Environmental experts, aspiring city planners, and students participated in a guided tour of Bhopal’s wetland on Sunday, on the occasion of World Wetlands Day.
Carbon credits-backed insurance startup raises $12.17 million funding
A new insurance startup, founded by three former Allianz executives, has completed the largest climate-focused seed funding round in Europe in over a year.
Barclays banned from Texas municipal bond market over…
Texas Attorney General Ken Paxton announced last week that Barclays is barred from underwriting Texas’s municipal bonds due to its failure to respond to requests…
Panama Canal seeks help of coffee farmers to…
In Panama, coffee farmers are being encouraged to plant trees near the country's famous canal in an incentive program. This program not only benefits the…
APAC firms embrace ESG metrics in executive incentive…
A recent study by WTW revealed a significant rise in adopting Environmental, Social, and Governance (ESG) metrics within executive incentive plans across Asia Pacific (APAC)…
HSBC unveils net zero transition plan: Pioneering steps…
In a move towards environmental responsibility, HSBC, one of the world’s largest international banks, has unveiled its Net Zero Transition Plan.
Worries rise over methane emissions as world’s largest…
As the world's largest cruise ship, Icon of Seas, began its maiden voyage on Saturday from Miami, environmental groups are concerned about the release of…
Grow Indigo raises over $8 million in recent…
Grow Indigo (regenerative agriculture startup) announced that it has raised over $8 million in the recent funding round. With this, the cumulative capital raised so…
World Bank approves $300 million Resilient Recovery Development…
The World Bank has approved a $300 million Resilient Recovery Development Policy Financing for Ghana. The contribution by the International Development Association (IDA) will help…
Daimler Truck & Abu Dhabi to explore Gulf’s…
The world’s biggest commercial vehicle maker, Daimler and Abu Dhabi have entered into an initial agreement for the supply of green hydrogen to fuel future…
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.
Trinidad and Tobago explores further gas deals with…
Trinidad and Tobago is set to enhance their natural gas supply by pursuing additional deals with Venezuela after receiving a license to extract from the…
SIX launches new climate data offering for informed…
SIX (global financial information provider) announced the launch of a new climate data offering to support the reporting, monitoring, and decision-making of climate factors, climate-related…
UNDP and Pegasus Capital advisors partner to mobilize…
UNDP and Pegasus Capital join for climate, energy, and nature-positive investments in emerging economies. Collaboration focuses on substantial infrastructure funding.
Bipartisan legislation aims to boost sustainable aviation fuel…
Senators Grassley, Moran, Ernst, Klobuchar, Duckworth introduce Farm to Fly Act, leveraging USDA programs to advance sustainable aviation fuel development.
ESG1 & Rain Cage Carbon collaborate for digital…
ESG1 (sustainability division of oil & gas blockchain company GuildOne) and Rain Cage Carbon (company dedicated to decarbonizing industries) announced a new partnership to create…
ADB prioritizes private capital mobilization for climate goals…
The Asian Development Bank (ADB) has announced plans to deploy private capital as a significant part of its strategy to address urgent climate goals.
Monetary Authority of Singapore launches Singapore Sustainable Finance…
The Monetary Authority of Singapore (MAS) on January 24 launched the Singapore Sustainable Finance Association (SSFA) to support the country’s shift to a low-carbon economy.…
Truck maker partners with German chemical giant to…
Iveco Group, an Italian bus and truck maker, has partnered with German chemicals group BASF for the recycling of lithium-ion batteries for their electric vehicles.
China’s voluntary carbon market resumes trading after four…
China's voluntary carbon market has resumed trading after a four-year hiatus, marking a significant step toward funding emission reduction projects. Also known as the China…
UN overcomes sanctions by opening Russian bank account…
The United Nations has taken an unconventional step to navigate Western sanctions by opening a Russian bank account in 2022.
Sparkion joins hands with Voltus to enhance US…
Sparkion (AI-driven energy management company) announced a partnership with Voltus, Inc. (distributed energy resource platform) to support grid reliability in the US and enhance energy…
Investors dread as Green Asset Ratio is set…
European banks are cautioning investors not to focus too much on the upcoming Green Asset Ratio, an ESG metric, as early estimates suggest the industry…
Automotive manufacturing giant to invest $1.4 billion in…
General Motors has announced a 7 billion reais ($1.42 billion) investment in Brazil from 2022 to 2028, aiming to enhance "sustainable mobility."
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.
Study reveals significant overestimation of carbon savings from…
A recent study from the University of California, Berkeley, has shed light on a significant overestimation of carbon savings attributed to the distribution of efficient…
EBA proposes guidelines on ESG risk management for…
The European Banking Authority (EBA) has initiated a public consultation on draft Guidelines addressing the management of Environmental, Social, and Governance (ESG) risks.
Asian Development Bank & British International Investment launch…
The Asian Development Bank (ADB) and British International Investment (BII) announced the launching of a new trade finance partnership to promote green trade in Asia…
Recurrent Energy secures $500 million investment commitment from…
Recurrent Energy, a subsidiary of Canadian Solar Inc., announced that it has secured a $500 million preferred equity investment commitment from BlackRock, convertible into common…
Nigerian Conservation Foundation’s Green Recovery Nigeria initiative targets…
The Nigerian Conservation Foundation (NCF) announced that through its Green Recovery Nigeria Program, it will aim to reforest about 25% of Nigeria’s total landmass.
UAE’s Alpha MBM Investments emerges as preferred bidder…
The Ugandan government has chosen Alpha MBM Investments from the United Arab Emirates (UAE) as the preferred bidder for its ambitious $4 billion oil refinery…
Report: US state pensions not doing enough to…
According to a report released on Tuesday by Stop the Money Pipeline, Sierra Club, and Stand.earth, state pensions are not doing enough to protect beneficiaries…
UK pension funds & insurers prioritize net-zero goals…
A survey of UK pension funds and insurers, who manage £359.82 billion in assets, found that 72% identified measurable targets and benefits, such as achieving…
West Africa’s city that provides clean water under…
Sierra Leone's capital, Freetown, is facing a severe threat to its clean water supply from a national park.Human activities like land grabbing, charcoal burning, quarrying,…
Europe’s carbon market goes downhill as renewable power…
In Europe, the notable increase in clean-energy production is reducing the need for carbon permits, and the sluggish industrial recovery is contributing to keeping emissions…
H2 Green Steel secures €4.2 billion in project…
H2 Green Steel announced that it has secured €4.2 billion in project financing, adding to the previously announced €300 million in equity.
USDA grants more than $173K for clean energy…
The US Department of Agriculture (USDA) announced $173,500 in clean energy project grants for two rural businesses in Arkansas.
Suzano celebrates 100th anniversary with $100 million investment…
Suzano (Brazilian paper and pulp-producing company) marked its 100th year on January 23 by announcing an investment of $100 million to advance initiatives to protect…
Green finance pioneer Uruguay seeks ESG loans from…
Uruguay aims to borrow at least one multilateral loan with low-interest rates linked to environmental goals this year.
US oil refiners urge Biden administration to reform…
US oil refiners, including Coffeyville Resources Refining and Marketing and Wynnewood Refining Company, are urging President Biden's administration to change the renewable fuel credit program.
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…
Global CO2 removal market: Report identifies key developments…
According to a new report published by Research and Markets, the global carbon dioxide removal (CDR) market experienced significant growth from 2022 to 2023.
Mashreq and Fils collaborate on corporate carbon offset…
Mashreq (financial institution in the Middle East and North Africa region) has signed a Memorandum of Understanding (MoU) with the Fils (UAE-based fintech firm) to…
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…
Carbonaires secures strategic investment from KTM to boost…
Carbonaires (London-based carbon asset management company) has announced it has received an investment from KTM Chemicals S.A. (KTM) (distributor and trader of plastics and chemical…
ESG debt swaps grab interest of top global…
Several banks are competing to tap into a growing market focused on Environmental, Social, and Governance (ESG) debt, estimated to potentially reach $800 billion by…
AIIB invests $58.4 million in India’s Sustainable Energy…
The Asian Infrastructure Investment Bank (AIIB) has invested around $58.4 million (₹4.86 billion) in India’s Infrastructure Investment Trust, Sustainable Energy Infra Trust (SEIT). AIIB plans…
Germany to unveil roadmap for construction of gas…
German stakeholders are expected to finalize an agreement this week on a long-awaited plan for building multiple new gas-fired power plants, as revealed by three…
Climate tech venture firm raises $335 million to…
ArcTern Ventures, based in Toronto, announced on Monday that it secured $335 million from TD Bank and other institutions for a climate technology fund.
Inherit joins Sumitomo Corporation to advance carbon capture…
Inherit Carbon Solutions (Norwegian Carbon Capture and Storage company) announced an oversubscribed investment round with Sumitomo Corporation. The collaboration will help Inherit advance its goal…
ACP announces first close of SEACEF II: A…
Allied Climate Partners (philanthropic investment organization) announced the first close of Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital.
Brazil’s state-run oil firm to buy stakes in…
Brazil's state-owned oil company, Petrobras, plans to acquire shares in domestic onshore wind and solar projects this year, aiming to build a renewable energy portfolio…
Renewable energy firm secures funds for solar and…
Renewable energy company Low Carbon said on Tuesday that it received funding for the construction of a 385-megawatt portfolio of solar and battery storage projects…
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.
Plenitude collaborates with BlueFloat Energy & Sener Renewable…
Plenitude has joined hands with BlueFloat Energy and Sener Renewable Investments to develop offshore wind projects in Spain. They plan to establish a portfolio of…
UNDP & Warba Bank to launch free online…
The United Nations Development Programme’s (UNDP) Istanbul International Center for Private Sector in Development (ICPSD), UNDP Kuwait, and Warba Bank announced the launch of a…
Reliance Industries plans commissioning of massive green energy…
Mukesh Ambani's Reliance Industries announced its plans to commission a colossal energy giga complex in Gujarat in the second half of 2024.
Ankara’s AŞTİ implements solar power plant project to…
Ankara Metropolitan Municipality's subsidiary, BUGSAŞ AŞ, is installing a Solar Power Plant at the AŞTİ transportation hub to save energy consumption.
Trillion Energy reaffirms production guidance for SASB natural…
Trillion Energy International Inc. has reiterated its production guidance for the SASB natural gas field offshore Turkey.
EVE Energy to establish storage plant in Malaysia…
EVE Energy's Malaysian subsidiary, EVE Energy Malaysia, has inked a Memorandum of Understanding (MoU) with Invest Kedah Bhd to create 'EVE Energy Storage Malaysia Company.'
New Mexico House Committee passes bill to limit…
House Bill 41, aiming to reduce the carbon intensity of transportation fuels by rewarding companies investing in cleaner options was passed by the House Energy,…
Friends of the Earth initiates climate lawsuit against…
Friends of the Earth Netherlands (climate organization) announced that it is starting a climate lawsuit that will hold ING (Dutch multinational banking and financial services…
Chinese official urges caution over excessive new energy…
In a ministerial briefing on Friday, Xin Guobin, a vice minister at China’s Ministry of Industry and Information Technology, expressed concern over the excessive number…
US Supreme Court decision could affect Biden’s ESG…
An impending Supreme Court decision that may restrict federal agency powers could have a big effect on a challenge by Republican-led states against a rule…
Umicore seeks site for battery recycling near chemical…
Umicore is in search of a European site for a new battery recycling facility. The company is primarily exploring locations near chemical industry sites to…
TexPlast partners with FasterCapital to expand plastic recycling…
TexPlast, an Estonian recycling startup, has announced its collaboration with FasterCapital to expand its efforts in converting waste plastic into premium polymer composite materials. While…
Derwent Investments strengthens its commitment to ESG investing…
Derwent Investments (Singapore-based wealth management company) announced that it has strengthened its commitment to Environmental, Social, and Corporate Governance (ESG) goals.
Germany poised for a record wind power as…
Germany's weather service predicts strong gusts in the north, west, and central areas overnight into Monday, with heavy squalls in the North Sea and near…
Met Office predicts record high CO2, nears climate…
Carbon dioxide emissions are set to experience one of the largest increases in history this year, bringing the planet closer to the brink of catastrophic…
IIT Bombay and Mindspace REIT collaborate for climate…
Mindspace Business Parks REIT has collaborated with the Indian Institute of Technology Bombay for a research project on climate risk assessment. The pilot project currently…
World’s biggest offshore investor to plan $160 billion…
A major investor in offshore wind farms is starting a new company, Copenhagen Energy Islands, with the aim of constructing artificial islands in the North…
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…
Tees Valley secures £7 million for hydrogen-powered transport…
Tees Valley has secured £7 million in government funding for hydrogen projects to decarbonize deliveries and construct a new hydrogen refueling station for heavy goods…
Norwegian oil and gas firms target Arctic Barents…
Oil and gas companies operating offshore Norway, including Equinor, Aker BP, and Vår Energi, are intensifying their exploration efforts in the Arctic Barents Sea to…
Jupiter Exchange launches Jupiter Environmental Commodities to drive…
Jupiter Exchange (financial services and technology company) has launched a new business segment dubbed Jupiter Environmental Commodities. Jupiter plans to expand its industry partnerships globally…
Manulife IM releases inaugural nature disclosure aligned with…
Manulife Investment Management has published its inaugural timberland and agriculture nature disclosure, aligned with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD).
Shell to exit nearly a century of Nigerian…
Shell is set to conclude almost 100 years of onshore oil and gas operations in Nigeria by selling its subsidiary to a consortium of local…
German farmers block Berlin as protests erupt against…
Berlin's city center faced a standstill as thousands of German farmers, supported by workers from various industries, protested against rising costs and the government's plan…
US authorities investigate Aspiration’s carbon credit practices amid…
The Justice Department and Commodity Futures Trading Commission are reportedly investigating Aspiration, a California fintech, over potential misconduct related to its carbon offset sales.
Amazon becomes largest purchaser of renewable energy, fourth…
Amazon announced that it invested in 100 new solar and wind energy projects in 2023. This makes Amazon the largest purchaser of renewable energy in…
Europe suffers from delays in energy projects due…
The CEO of Portugal's largest utility firm, Energias de Portugal, told Reuters in Davos that most delays in subsidized energy projects in Europe are due…
China’s biggest solar maker says Trump’s comeback will…
China-based Longi Green Energy Technology Co assured that Donald Trump’s return would not affect the company’s plans to expand in the United States.
$147 million funding secured for Australian hydrogen hubs
Two hydrogen hubs in Australia have secured a total of $147 million in funding. The Government signed an agreement to invest $70 million to develop…
Iberdrola and Norges Bank set to invest $2…
Iberdrola and the Norwegian sovereign wealth fund, managed by Norges Bank Investment Management, are set to invest $2 billion in renewable energy projects based in…
Bloomberg’s Zero Podcast examines impact of Trump’s comeback…
On this week’s episode of Bloomberg’s Zero Podcast, Tom Steyer, a hedge-fund billionaire, speaks to Zero host Akshat Rathi about the effects of former US…
Nestlé Vietnam invests an additional $100 million in…
Nestlé Vietnam announced an additional investment of $100 million to increase the sustainable coffee production capacity of the Nestlé Tri An factory. This brings the…
New York’s utilities regulator approves $1.2 billion clean…
On Thursday, the utilities regulator of New York State approved Con Edison's $1.2 billion Idlewild project in Queens, aimed at enhancing the reliability of the…
EU to cut 90% emissions by 2040
In an ambitious move, the European Union’s executive arm is set to recommend a 90% net reduction of greenhouse gases by 2040 from 1990 levels.
Trafigura to buy carbon removal credits from 1PointFive
PointFive (carbon capture, utilization, and sequestration (CCUS) company) and Trafigura (commodity trading company) announced that Trafigura will purchase carbon dioxide removal (CDR) credits produced from…
DefiQuant announces new eco-friendly initiative in cryptocurrency mining
DefiQuant announced the introduction of a new initiative to integrate a sustainable approach to cloud mining. This initiative will align with environmental goals and also…
Torrent Power commits $5.7 billion green investment in…
Torrent Power Ltd, a leading Indian integrated power utility, has pledged a substantial investment of INR 47,350 crore (approximately $5.7 billion) in Gujarat.
IREDA’s stock surges over 4% as MoU with…
Shares of the Indian Renewable Energy Development Agency (IREDA) experienced a notable uptick following the announcement of a collaboration with the Indian Overseas Bank to…
IIP partners with Airbus to advance SAF development
The Indian Institute of Petroleum (IIP) is set to sign a Memorandum of Understanding (MoU) with Airbus, a European global aerospace corporation, to collaborate on…
Industry leaders pledge “nature-positive” mining
In a five-point plan announced in Davos, Switzerland, mining and metals companies representing a third of the global industry acknowledged past harm and said decarbonization…
MYTILINEOS unveils 588 MW solar portfolio in Chile,…
MYTILINEOS Energy & Metals announced the development of a 588 MW solar portfolio in Chile, which is expected to produce approximately 1.6 TWh of green…
BP, Sinopec sign MoU to strengthen cooperation in…
China’s oil major Sinopec and BP signed a memorandum of understanding (MoU) at the World Economic Forum in Davos. The agreement aims to enhance cooperation…
105 financial institutions become early adopters of nature-related…
On Tuesday, over 100 financial institutions across the globe including Schroders, Robeco, Nomura Asset Management, Mirova, Fidelity International, Federated Hermes, and Candriam, declared that they…
Green Star partners with Locus AG for CarbonNOW:…
Green Star Royalties Ltd. has partnered with Locus Agricultural Solutions LLC to enhance the operations and investment in Locus AG's regenerative agriculture carbon farming program,…
Indonesia to triple its biomass consumption in 2024
Indonesia plans to increase its use of biomass in power generation to 2.83 million metric tons in 2024, three times the 991,000 tons consumed last…
EU bans ‘misleading’ sustainability claims relying on offsets
The EU parliament on Wednesday voted to ban the use of terms such as “climate neutral” or “climate positive” for products and services. This decision…
Asset management firm says ESG interest is steady,…
According to the CEO of the global asset management firm Nuveen, investors still hold an interest in environmental, social and governance (ESG) factors despite facing…
WEF launches alliance to triple clean energy investment…
The World Economic Forum launched a new alliance at WEF 2024 providing a platform for developing economies to highlight their clean energy needs, exchange best…
Terra Natural Capital rebrands as environmental commodities investment…
Terra Natural Capital (“Terra” or the “Company”) announced its launch as a dedicated environmental commodities investment company.
Climate advisors tell EU to revamp its existing…
Official advisors have told the European Union to revise its climate policies to promptly move towards the phase-out of fossil fuels and achieve climate targets…
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,…
FCA forms sustainability working group for financial advice
The Financial Conduct Authority (FCA) has established a new working group to enhance sustainable finance capabilities across the financial advice sector.
General Atlantic acquires Actis forming a $96 billion…
General Atlantic (a global growth equity investor) and Actis (a global investor in sustainable infrastructure) announce that the firms have entered into an agreement under…
Mahindra Group & Ontario Teachers’ join hands to…
Mahindra Group (farm equipment, utility vehicles, information technology, and financial services businesses in India), and Ontario Teachers’ Pension Plan Board (a global institutional investor), have…
Extinction Rebellion to protest against Barclays’ fossil fuel…
Extinction Rebellion (an international movement persuading governments to act on the climate emergency) will continue its campaign against Barclays’ fossil fuel investments.
World Bank prices CAD $1.4 billion 5-year benchmark…
The World Bank's International Bank for Reconstruction and Development (IBRD) has successfully priced a new 5-year CAD $1.4 billion benchmark bond maturing in January 2029.
Europe to get greener steel turbines to cut…
The world’s largest turbine maker, Vestas Wind Systems A/S, is partnering with ArcelorMittal to use recycled or old steel to make turbine blades with the…
Biodiversity loss requires just as swift action from…
UBS Group AG has warned that investors have largely undermined the effects of biodiversity loss. UBS Chair Colm Kelleher and Chief Executive Officer Sergio Ermotti…
UK government grants Drax approval for carbon capture…
The UK government has granted approval to Drax for its planning application to convert two biomass units at the Drax power station to utilize bioenergy…
ACC partners with Circulor to trace carbon emissions…
Automotive Cells Co (ACC), a joint venture between Stellantis, TotalEnergies, and Mercedes-Benz Group, has joined forces with UK startup Circulor to verify the origin and…
South Korea steel giant Posco raises $500 million…
Posco, South Korean steel giant, has achieved a significant milestone by securing $500 million through a three-year US dollar green bond, as disclosed in a…
Singapore’s marine biofuel demand to double by 2025,…
Singapore’s marine biofuel demand is suspected to increase double-fold by 2025 as shippers seek to cut emissions, a senior TotalEnergies executive said.
EIA forecasts wind, solar to spearhead US power…
Wind and solar energy will lead power generation in the United States for the next two years, a report by the Energy Information Administration (EIA)…
27 major investors co-file climate resolution at Shell
Twenty-seven major investors, who own around 5% of Shell’s stock have escalated pressure on Shell to take climate action. The shareholder resolution requests Shell to…
Bulgaria climate minister says market economics will phase…
Market economics are likely to slash Bulgaria's use of coal-fuelled power years before the government's official 2038 phase out date, the country's climate minister said…
Saving glaciers by taxing tourists: Alaska town doing…
Juneau, Alaska, is addressing the impact of tourism-related emissions on its environment with a distinctive initiative.
Sweden’s Northvolt raises largest green loan in Europe…
Swedish lithium-ion battery producer Northvolt said that it has raised $5 billion, the largest green loan to have been issued in Europe, to expand the…
Sustainable Aviation Fuel market revenue to hit $15…
The global sustainable aviation fuel (SAF) market size will see a compound annual growth rate of over ~42% from 2023 to 2035, according to a…
Breakthrough development for India’s nuclear energy industry: ANEEL
A breakthrough innovation in India’s nuclear energy industry, called ANEEL (Advanced Nuclear Energy for Enriched Life), is gaining attention.
Greenpeace voices environmental concerns on Bitcoin ETFs
Greenpeace USA has raised concern about the US Securities and Exchange Commission's (SEC) approval of Bitcoin spot exchange-traded funds (ETF) from BlackRock and Fidelity.
ArcelorMittal, France to invest €1.8 billion to cut…
The steel giant, ArcelorMittal SA and France are planning to invest €1.8 billion to cut carbon emissions produced by their steel plants in Dunkirk. This…
India announces $223 million investment in power &…
An investment totaling approximately $223.05 million (₹17.05 lakh crore) is currently in the pipeline for the power and renewable energy sector, said R. K. Singh,…
Asset management firm says Biden’s climate law has…
One of the world’s largest green investment manager, Impax Asset Management, is expressing the problems in President Joe Biden’s landmark climate law.
RMB joins hands with KOKO to advance clean…
Rand Merchant Bank (an investment banking business) announced last week a strategic partnership with KOKO (a company that operates within the energy, climate, media, and…
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…
US climate envoy John Kerry steps down from…
Former US Senator and Secretary of State, John Kerry, will quit the post of President Biden’s special climate envoy after three years of service. Kerry…
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,…
China announces annual greenhouse gas inventory
China has announced plans to conduct an annual inventory of its greenhouse gas emissions, a move aimed at enhancing its carbon trading capabilities and meeting…
Reuters reports: JSW proposes to outbid Adani Power…
A Reuters report published today claims that India’s JSW has proposed to outbid Adani Power for the possession of a thermal power plant, the Amarkantak…
BBVA and Cabify finalize €15 million to promote…
BBVA Spark, a multinational financial services company, on Thursday announced its approval of a €15 million 'Venture Debt' facility for Cabify, in a bid to…
Methane drama: Republicans smash EPA; big oil’s involvement…
The US Environmental Protection Agency (EPA) has come under fire from House Republicans for its Methane Emissions Reduction Program.
EU to develop new law after plastic pellets…
European Union (EU) lawmakers are looking into developing a stronger law against microplastic pollution, after millions of tiny pellets of microplastic washed up on the…
New ‘farming toolkit’: A comprehensive guide for UK…
The Green Finance Institute (GFI) on January 11 has launched a new digital platform to help farmers understand and be a part of the fast-growing…
Finance Minister announces fin-tech lab to facilitate green…
Speaking at the Vibrant Gujarat Global Summit 2024, Finance Minister Nirmala Sithraman announced the creation of a fin-tech lab at GIFT City, to facilitate the…
Xpansiv acquires stake in Evident to boost expansion…
Xpansiv Limited, an infrastructure provider for global energy transition, and Evident Group Limited, a clean economy registry provider and certification body, have reached an agreement…
Dutch-Caribbean island files lawsuit, urges more measures over…
A lawsuit was filed by the residents of the Dutch-Caribbean island of Bonaire, on Thursday, against the Dutch state demanding the government take more effective…
Electrolux announces second round of science-based climate targets
Electrolux Group yesterday announced its second round of science-based climate targets after they reached their previous targets three years before planned.
BNP Paribas Asset Management releases new global sustainability…
BNP Paribas Asset Management released the new version of its Global Sustainability Strategy (GSS) updating the strategic approaches of the organization. The report lays out…
Hertz sells one-third of US electric fleet, shifts…
Hertz Global Holdings Inc. is set to sell one-third of its US electric vehicle fleet and shift its focus to gas-powered cars, citing weak demand…
CES 2024 in Vegas highlights climate-centric tech
The world’s biggest consumer tech show Consumer Electronic Show (CES), happening in Las Vegas displayed cutting-edge technology and futuristic products that were climate-centric.
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…
Japanese refiner Eneos invests in clean hydrogen production…
In a strategic move towards fostering a sustainable energy future, Japan's leading refiner, Eneos Corp, has announced a significant investment in MVCE Gulf Coast.
Turkish steelmaker to invest $3.2 billion in green…
Turkish steel producer Erdemir intends to invest a combined $3.2 billion in its green transition by 2030, aiming for a 25% reduction in emissions by…
Croatian energy giant INA to invest €40 million…
INA, the Croatian energy company, is set to invest €40 million in transforming a former petroleum refinery in Sisak into a biogas and biomethane production…
Cleantech Solar signs 15-Year PPA with First Solar…
Cleantech Solar has inked a 15-year captive Power Purchase Agreement (PPA) with First Solar, Inc., committing to build 150 MWp of photovoltaic (PV) solar and…
Hedge fund managers to actively incorporate ESG strategies
Research conducted by analysts at UBS Group AG indicates that hedge fund managers are progressively integrating environmental and social metrics into their investment strategies.
Gasum secures offtake agreement for e-methane production in…
Finnish energy company Gasum has entered a significant agreement with Nordic Ren-Gas for the purchase of all e-methane produced at the Tampere power-to-gas plant from…
US households dispose 76% of their recyclables
The Environmental Protection Agency's assessment indicates that the United States has an overall recycling rate of just 32% for materials such as glass, plastic, cardboard,…
Grid space shortage puts breaks on China’s solar…
The surge in rooftop solar installations, which has been a driving force behind China's global leadership in renewable energy, is facing a new hurdle.
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.
Adani’s $24 billion Gujarat investment to drive green…
Indian billionaire Gautam Adani intends to pump $24 billion (2 trillion rupees) into his home state of Gujarat over the next five years.
Deadlock at COP28: Disagreements on Article 6, regulation…
The 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change concluded in Dubai with countries failing to reach an agreement…
Greenland startup enters Dubai’s cocktail bars with glacier…
A Greenland-based startup, launched in 2022, aims to enhance the international experience by adding glacier ice, extracted from ancient fjords, into drinks sold at exclusive…
Switzerland and Thailand complete deal on first-ever Paris…
In a move for carbon markets worldwide, Switzerland and Thailand have finalized the first-ever transaction involving Article 6.2 carbon credits, signifying a significant step in…
Colombia grants first-ever geothermal license to Canada’s Parex
Colombia has awarded its first-ever license for developing a geothermal energy project for electricity generation to Canada's Parex Resources, as per a government resolution reported…
SK Group-backed company invests $1 billion in ammonia…
In Texas, a $1 billion ammonia production facility with proprietary hydrogen technology is in the works, aiming to reduce carbon emissions from coal-fired power plants,…
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…
Experts predict 2024 could surpass 2023 as hottest…
Experts are forecasting that 2024 might surpass 2023 as the hottest year in recorded history, attributing this prediction to the exacerbating effects of climate change…
Singapore firms to invest $5 billion in Tamil…
Singaporean companies have unveiled plans to invest a staggering $5 billion in diverse sectors including infrastructure, technology, sustainability, and data centers in Tamil Nadu, marking…
US Treasury Secretary to visit Boston to promote…
US Treasury Secretary Janet Yellen is set to visit Boston on Wednesday for another tour aimed at advocating the economic advantages of the Biden Administration's…
US Supreme Court rejects Exxon Mobil’s bid for…
The US Supreme Court has declined the request for a crucial procedural boost sought by Exxon Mobil Corp., Koch Industries Inc., and the American Petroleum…
COP29 host Azerbaijan to ramp up fossil fuel…
Azerbaijan, the host of this year's UN climate talks, is planning to boost its fossil fuel production by a third over the next decade, as…
US clears $189 million loan to fund real-time…
The Department of Energy's loan office, on Friday, conditionally approved a $189 million loan to facilitate the establishment of a methane monitoring network in crucial…
France aims to cut fossil fuel share to…
France is set to target a reduction in the proportion of fossil fuels in its energy consumption mix to 40%, down from over 60%, by…
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…
India’s SBI raises $250 million through green bonds
State Bank of India (SBI), the largest lender in India, has declared the successful completion of placing $250 million in senior unsecured Green floating rate…
Wall Street is set to fuel a $1…
At COP28 in Dubai, financial institutions such as Goldman Sachs, Citigroup, JPMorgan Chase, and Barclays are preparing for an uptick in carbon offset transactions, poised…
Spain’s electricity consumption fell 2.3% for a second…
Electricity consumption in Spain experienced a consecutive 2.3% decline in 2023 for the second year in a row, sparking concerns about a surplus in supply.
US solar industry to experience modest growth in…
The solar industry in the United States is expected to see moderate growth in 2024, with a decline in electricity prices and the support of…
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.
Global coalition calls on major banks to halt…
A collective force of more than 67 organizations has united in an open call urging the world's largest banks to cease financial support for new…
Republicans target Biden’s $400 billion Green Bank, recalling…
Congressional Republicans are targeting President Joe Biden’s $400 billion green bank, aiming to replicate the political success they achieved in 2011 with the scandal surrounding…
TAQA’s $10 billion green hydrogen venture in Western…
Abu Dhabi's TAQA, the national energy company, is entering into sustainable energy with plans to invest 100 billion Moroccan dirhams, equivalent to $10 billion, in…
Altus Power secures $100 million credit facility from…
Altus Power, a clean energy giant, has successfully closed a secured credit facility valued at $100 million, courtesy of an affiliate of Goldman Sachs Asset…
Scottish scientists turn whisky by product into sustainable…
A breakthrough discovery at Heriot-Watt University Edinburgh Campus in Scotland has potentially revolutionized the future of sustainable fuel production by utilizing wastewater from the whisky…
‘Transition Finance’ takes spotlight in 2024
In a notable shift, 'Transition finance' is set to emerge as a pivotal focus of 2024, taking center stage as a critical topic for individuals…
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…
Tesla tops car sales in Norway, EV takes…
For the third consecutive year, Tesla secured the leading position in Norway's car sales in 2023, maintaining its dominance over competitors, even amid an ongoing…
Chevron to take a $4 billion hit from…
Oil giant Chevron Corp is set to incur a write-down of asset value ranging from $3.5 billion to $4 billion, citing restrictive government policies in…
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…
RBI unveils framework for green deposits – FAQs…
In a bid to foster sustainable practices in the financial sector, the Reserve Bank of India (RBI) has recently released comprehensive guidelines for green deposits.
Tesla and popular EVs face stricter tax credit…
New regulations have tightened the rules around the availability of tax credits for electric vehicles (EVs), potentially reducing the number of eligible vehicles by up…
Antarctica’s transformative changes in 2023 ring alarm bells…
As the sun hangs perpetually in the sky of the Antarctic summer, scientists have witnessed unprecedented environmental upheavals in 2023, prompting concerns about humanity's lasting…
Climate groups criticize Berlin’s proposal for driverless magnetic…
Efforts are underway to implement a driverless magnetic train system in Berlin, designed to traverse the city and transport both passengers and goods. This initiative…
Australia’s Agriculture Minister cites climate change impact on…
Australia's Agriculture Minister, Murray Watt, addressed the challenges in predicting extreme weather events, attributing the difficulty to climate change effects. Speaking on the Australian Broadcasting…
ING faces public outcry as climate activists block…
The Amsterdam police detained around 300 climate activists on Saturday after they blocked a key highway in the Dutch capital for several hours.
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.
Met office records highest Christmas Day minimum temperatures,…
The Met Office has provisionally documented a historical milestone, marking the highest daily minimum temperatures for Christmas Day on record, amid forecasts predicting exceptionally warm…
Hong Kong explores digitally native green bonds using…
Hong Kong is venturing into the realm of distributed ledger technology (DLT) by contemplating the launch of green bonds managed through this system. This step…
UAE initiates $30 billion climate venture, offers returns…
The United Arab Emirates (UAE) has entered into a pioneering $30 billion climate initiative involving BlackRock Inc., TPG Inc., and Brookfield Asset Management Ltd., implementing…
Bioglitter emerges as an eco-friendly alternative, yet controversies…
In response to environmental concerns over traditional glitter's microplastic composition, the European Union's ban on loose-plastic glitter sparked the rise of Bioglitter, championed as an…
Developing nations face the most climate finance challenges,…
Amidst the relentless onslaught of the climate crisis, developing nations find themselves on the frontlines, grappling with distinct vulnerabilities such as floods, droughts, and unpredictable…
Older women to sue Switzerland, seeking climate action
The Swiss organization of older women, KlimaSeniorinne, is taking the government to the European Court of Human Rights, alleging insufficient efforts in addressing the climate…
Kerbside drop points for small electric goods to…
Government proposals aim to enhance recycling efforts in the UK by potentially introducing kerbside collections for small electrical items like toasters and hairdryers starting in…
EBRD and TSKB collaborate to boost solar energy…
In a significant move toward sustainable energy practices, the European Bank for Reconstruction and Development (EBRD) and Türkiye Sinai Kalkinma Bankasi (TSKB) have united forces…
Heavy fog in China braces for transport disruptions…
Holidaymakers throughout China were preparing for potential transportation disruptions.
China to build clean-fuel ships by 2025
China has established an objective to manufacture over 50% of the world's ships utilizing cleaner fuels by 2025, as outlined in guidelines released by the…
River Danube bursts its banks, water levels at…
On Thursday, the River Danube overflowed in Budapest, reaching its highest water levels in a decade. The surge resulted from a combination of heavy rain…
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…
JSW Renew Energy commences first phase of 51…
JSW Renew Energy, a subsidiary of JSW Energy, announced the successful commissioning of the initial phase of its 810 MW wind energy project in Tamil…
QatarEnergy secures five-year crude sales deal with Shell…
QatarEnergy, the energy company of Qatar, has inked a landmark agreement with Shell International Eastern Trading Company, marking its inaugural five-year crude sales deal.
KLM defends “Fly Responsibly” campaign amid greenwashing allegations
KLM, the Dutch arm of Air France-KLM, appeared in court on Tuesday to address accusations of "greenwashing" by climate group Fossil Free concerning its "Fly…
UK in turmoil as climate change triggers seasonal…
The National Trust emphasizes that the disruption of predictable weather patterns is creating disorder in nature.
California County conducts surprise check at PBF’s Martinez…
On Tuesday, health authorities in Contra Costa County, California, announced an impromptu inspection at PBF Energy's refinery in Martinez, with a capacity of 156,400 barrels…
European power prices dive into negative due to…
Robust wind generation and reduced demand during the holiday season caused electricity prices to drop below zero in Germany. Wholesale markets in France, Denmark, and…
Spain confirms closure of nuclear plants, extends renewable…
On Wednesday, Spain officially affirmed its intention to shut down the country's nuclear plants by 2035 and announced a set of energy measures that also…
Northwestern Chinese cities implement industrial halts to combat…
In Northwestern China, the cities of Xian and Yinchuan have urged residents to remain indoors, restricted heavy industrial activities, and ceased coal processing.
Russian Foreign Ministry criticizes US sanctions on Arctic…
Russia's Foreign Ministry condemned U.S. sanctions imposed on the Arctic LNG 2 project, deeming them unacceptable and detrimental to global energy security. The project, situated…
UK High Court rules in favor of ENRC…
London's High Court has ruled in favor of the Kazakh mining group Eurasian Natural Resources Corporation (ENRC), declaring that the UK's Serious Fraud Office (SFO)…
Adani Energy invests $360 million in Gujarat transmission…
Adani Energy Solutions has announced plans to allocate $360 million for the construction of a transmission line linking a solar and wind energy park in…
India invests in AI models to forecast severe…
India is experimenting with artificial intelligence (AI) to develop climate models aimed at enhancing weather forecasting, given the rising occurrences of torrential rains, floods, and…
Global food supplies expected to remain tight amid…
Rising food prices have spurred increased planting of cereals and oilseeds by farmers worldwide. However, consumers are anticipated to face continued tight supplies throughout 2024…
Japan’s nuclear regulator lifts ban on Tepco’s Kashiwazaki-Kariwa…
Japan's nuclear watchdog, the Nuclear Regulation Authority (NRA), has removed the operational ban imposed on Tokyo Electric Power's (Tepco) Kashiwazaki-Kariwa power plant, enabling the facility…
India’s Adani Green aims to raise $1.12 billion…
On Tuesday, Adani Green Energy of India announced that its major stakeholders will inject $1.12 billion (93.50 billion rupees) into the company to enhance its…
UK financial watchdog pushes for voluntary code for…
Britain's Financial Conduct Authority (FCA) has urged companies involved in rating other firms' sustainability efforts to adopt a new voluntary code of conduct, emphasizing the…
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…
Holcim Argentina targets 75% renewable energy usage by…
Holcim Argentina, a prominent cement producer, aims to achieve a significant milestone by utilizing 75% renewable energy throughout the latter half of 2023.
Norway’s November oil production falls below forecasts, gas…
Norway's November oil production, natural gas liquids (NGL), and condensate production have been reported in the Norwegian Petroleum Directorate's (NPD) recent release, showing an average…
Singapore’s criteria for international carbon credits impacts REDD+…
Singapore's outlined conditions for approved international carbon credits have influenced the acceptance of REDD+ projects from Papua New Guinea, emphasizing a preference for jurisdiction-wide approaches…
Vietnam generates $41 million from forest carbon credits…
Vietnam has reported earnings exceeding $41 million from the sale of forest carbon credits, marking the successful execution of an emission reduction agreement with the…
London’s High Court throws out $11billion damages bill…
In a landmark ruling, London's High Court has dismissed an $11 billion damages claim against Nigeria over a collapsed gas processing project, citing bribery allegations…
Electric bikes see a boom in the US…
Following numerous attempts, electric bikes are now gaining widespread acceptance in the United States, driven by surging sales of a growing variety of available models.
French climate damage measures deemed sufficient despite delays,…
France's efforts to curb climate damage, though belated, were deemed adequate by a French court on Friday, dealing a setback to environmental campaigners seeking a…
Uganda renews Nigerian firm’s oil exploration license by…
Uganda's Ministry of Oil has announced the approval of a two-year renewal for the oil exploration license granted to the Nigerian company Oranto Petroleum Limited.
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…
EU approves 17.7 bln euro Italian state aid…
On Thursday, the European Commission announced its approval of a 17.7 billion-euro ($19.4 billion) Italian state aid initiative dedicated to fostering the establishment of a…
EU, UK extend deadline for EV makers to…
On Thursday, the European Union and the United Kingdom reached an accord to extend the deadline for electric vehicle (EV) manufacturers to adhere to local…
Regenerative grazing: How cattle could become a climate…
Industrial cattle production is notoriously destructive, churning out potent greenhouse gasses. But studying the migratory patterns of ancient bison herds reveals a sustainable alternative: regenerative…
Used EV market bottlenecks threaten automaker profits and…
The auto industry's headlong rush into EVs is hitting an unexpected speed bump in the used car market. Sales of second-hand electric models are plummeting…
German utility firm to acquire 3 offshore wind…
On Thursday, German utility RWE announced that it would acquire three offshore wind projects located off the English coast from Sweden's Vattenfall, in a deal…
Brazil’s BRF issues its first ‘green loan’ for…
BRF SA, the Brazilian chicken and pork processor, revealed on Thursday that it has linked sustainability objectives to a $150 million credit facility from the…
Indonesia imposes $310 million fines on palm oil…
On Friday, Indonesia announced its intention to impose fines totaling 4.8 trillion rupiah ($310.1 million) on palm oil companies operating within forest areas.
BP halts oil shipments through Red Sea amid…
BP Plc, a British oil giant, has hit pause on their oil tanker journeys through the Red Sea due to a surge in attacks by…
Nedbank, Norfund loan Pele Green $132M for Renewable…
Nedbank and Norfund are extending a $132 million loan to Pele Green Energy for the development of renewable power plants, according to a Bloomberg news…
Wizz Air to invest £5 million in biofuel…
Wizz Air has disclosed a £5 million investment in biofuel firm Firefly, marking the airline's first equity involvement in sustainable aviation fuel (SAF) research and…
COP28: Indonesia state power firm signs 14 clean…
On Friday, Indonesia's state utility Perusahaan Listrik Negara (PLN) announced the signing of 14 agreements with various institutions during the COP28 climate summit, marking a…
Apax closes $900 million fund to boost sustainable…
Apax, a private equity advisory firm, declared the final closure of the Apax Global Impact Fund (AGI), securing $900 million.
World’s largest experimental nuclear fusion reactor JT-60SA Tokamak…
A remarkable stride in the realm of nuclear fusion research has been achieved with the official launch of JT-60SA, marking a significant milestone in the…
World’s largest iceberg heading towards the open ocean,…
The colossal iceberg A23a, almost 4,000 square kilometers in size, three times the size of New York City, has finally begun its first movement in…
Copenhagen Infrastructure Partners launches $3 billion Growth Markets…
At the COP28 summit in Dubai, Copenhagen Infrastructure Partners (CIP) introduced its Growth Markets Fund II (GMF II), marking a significant leap in greenfield renewable…