‘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 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.

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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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…