09-Oct-2023
Singapore sets eligibility criteria for international credits
Singapore announced the eligibility criteria of the international carbon credits that companies can buy to offset their taxable carbon emissions.
09-Oct-2023
Octopus acquires 1GWh battery site from Firm Power
Octopus Australia has acquired a 1GWh battery development project in Queensland from battery energy storage systems developer Firm Power.
09-Oct-2023
Verra announces high-integrity ARR methodology
Verra announced its new Afforestation, Reforestation and Revegetation (ARR) methodology in the Verified Carbon Standard Program.
09-Oct-2023
SAC launches Manufacturer Climate Action Program
The Sustainable Apparel Coalition (SAC) announced the launch of the Manufacturer Climate Action Program.
09-Oct-2023
Adnoc awards USD 17b sour gas field contracts
Abu Dhabi National Oil Company (Adnoc) awarded engineering, procurement and construction contracts for its Hail and Ghasha projects.
09-Oct-2023
UN urges global end to fossil fuel exploration by 2030
Fossil fuel exploration should cease globally by 2030, among other conclusions from the synthesis report of the UN Global Stocktake.
09-Oct-2023
SBTi launches draft interim 1.5°C pathway for automakers
The Science Based Targets initiative (SBTi) has unveiled a new draft pathway for automakers to set near- and long-term targets to cut their emissions.
09-Oct-2023
European Union to end use of F-gases by 2050
As part of its climate change action plan, the EU has decided to phase out the use of fluorinated gases (which have high global warming potential) by 2050.
09-Oct-2023
US EPA to further HFC emissions phase-out
The US Environmental Protection Agency continues progress on phasedown of super-polluting hydrofluorocarbons.
09-Oct-2023
World breached 1.5C warming mark for 86 days in 2023
The world is breaching a key warming threshold at a rate that has scientists concerned. On about a third of days in 2023 (or 86 days), the average global temperature was at least 1.5C higher than pre-industrial levels. Days when the temperature difference has exceeded 1.5C continued into September, with some more than 1.8C above the pre-industrial average.
09-Oct-2023
World Bank approves green reforms, appeals for funds
The World Bank has officially expanded its mission to include climate change, while pushing ahead with reforms that could unlock additional funding and cheaper loans for green projects. In his first major speech since taking office, President Ajay Banga said a set of measures to stretch its balance sheet could allow the bank to increase lending by up to $15.7 billion a year.
09-Oct-2023
ExxonMobil to merge with Pioneer Natural Resources
Oil giant ExxonMobil agreed to buy the shale group Pioneer Natural Resources for $59.5bn in a deal that places a vast bet on a future for fossil fuel production.
09-Oct-2023
Adnoc’s oil and gas emissions to increase by 40% by 2030
Adnoc is set to increase the emissions from its oil and gas products by more than 40% by 2030, according to new analysis.
09-Oct-2023
Endurance CCS project receives agreement for lease
One of the largest carbon storage projects in the UK, operated by BP, has achieved a milestone that would allow it to move forward.
09-Oct-2023
BlackRock launches climate-oriented private debt fund
BlackRock has launched a Climate Transition-Oriented Private Debt Fund (CPD), as part of the company’s Global Private Debt platform.
09-Oct-2023
Mirova plans for new EUR 2b energy transition fund
Paris-based asset manager Mirova plans to launch its sixth strategy dedicated to energy transition infrastructure, aiming to raise up to EUR 2 billion.
09-Oct-2023
Indonesia set to release plans for USD 20b energy transition
Indonesia aims to unveil its USD 20 billion energy transition investment plan next month, an official said.
09-Oct-2023
AkademikerPension and Varma gain SBTi approval
Denmark’s AkademikerPension and Finland’s Varma have had their climate targets approved by the Science Based Targets initiative (SBTi).
09-Oct-2023
Japanese pension funds join sustainability initiative
Japanese pension funds, which manage 90 trillion yen (approximately USD 600 billion), announced their plan to join a global initiative for responsible investment.
09-Oct-2023
Ireland rejects LNG terminal project on climate grounds
Ireland rejected a proposal for a new fossil fuel import facility in the form of liquefied natural gas terminal on the Shannon estuary.