11-Sep-2023
Report: fossil fuel giants climate plans are still insufficient
None of the world’s largest 25 oil and gas firms have climate plans aligned with the Paris Agreement, despite many claiming to do so, according to Carbon Tracker.
11-Sep-2023
80% of TNFD members want to adopt guidelines by 2026
Around 80% of the 1,100 members of the Taskforce on Nature-Related Financial Disclosures (TNFD) forum said they would adopt its recommendations by 2026.
11-Sep-2023
CA100+ releases Net Zero Standard for Diversified Mining
Climate Action 100+ released its Net Zero Standard for Diversified Mining, the first of its kind in this sector.
11-Sep-2023
Biden to cancel seven oil and gas leases in Alaska
The US interior department has cancelled seven oil and gas leases in Alaska’s Arctic national wildlife refuge that were part of a sale held in the waning days of the Trump administration, arguing the sale was legally flawed.
11-Sep-2023
Enfinity receives EUR 400m equity investment
Developer Enfinity Global will receive a EUR 400m (USD 429m) equity investment from asset manager ICG to accelerate the completion of its 17GW portfolio.
11-Sep-2023
African leaders hold first Africa Climate Summit
African leaders have stopped short of calling for a phase-out of fossil fuels in a joint declaration that forms the basis of their negotiating position at COP28.
11-Sep-2023
Big business urges EU to adopt 90% reductions by 2040
Salesforce, Coca Cola, and Unilever are among the firms advocating for a stretching climate target to give businesses confidence to invest in the net-zero transition.
11-Sep-2023
Singapore to import renewable energy from Indonesia
Singapore could start importing two gigawatts (GW) of renewable energy annually from Indonesia within five years.
11-Sep-2023
KKR & Infracapital invest GBP 870m to electrify Zenobe fleets
The investment is poised to inject fresh vigour into Zenobē’s endeavours, specifically in the expansion of their fleet electrification and grid-scale battery storage ventures.
11-Sep-2023
Germany adopts watered-down fossil boiler ban for 2028
The German parliament adopted a ban on new fossil heaters starting from 2028 at the latest, following months of government infighting.
11-Sep-2023
Eni launches sustainability-linked convertible bond
Eni placed an offer for sustainability-linked senior unsecured convertible bonds with a seven-year maturity to an aggregate nominal amount of approximately EUR 1 billion.
11-Sep-2023
India forges global biofuel alliance
India launched a global alliance for promoting biofuels adoption at the G20 leaders meeting, aimed at reducing emissions in the transportation and industrial sectors.
11-Sep-2023
UAE investors pledge USD 450m for African market
Investors from the United Arab Emirates (UAE) pledged to invest USD 450 million in purchasing African carbon credits from the Africa Carbon Markets Initiative (ACMI).
11-Sep-2023
New clean cooking partnership to invest USD 100m
The new Partnership Platform for Clean Cooking Finance announced at the Africa Climate Summit aims to mobilize US $100 million for clean cooking by 2026.
11-Sep-2023
Canada to unveil emissions cap proposal in October
Canada is planning on publishing an update on its proposed emissions cap as soon as October, as said by Environment Minister Steven Guilbeault in an interview.
11-Sep-2023
Brazil cap-and-trade carbon framework in sight
Brazil’s Senate is expected to vote this month on a bill introducing a cap-and-trade carbon market aimed at regulating industry emissions.
11-Sep-2023
UN calls for radical climate action in Global Stocktake report
The United Nations released its first “Global Stocktake” to examine the efforts of countries to reduce planet-warming emissions since the Paris agreement was signed in 2015. The report calls for “radical decarbonisation” with a fast phase out of fossil fuels without carbon capture, significant expansion of renewable energy and the halting and reversal of deforestation […]
11-Sep-2023
Petrobras buys carbon credits for the first time
Petrobras reported it marked its entry into the voluntary carbon market by purchasing credits equivalent to 175k tons of avoided emissions.
11-Sep-2023
Indonesia’s PLN plans renewables injection
Indonesia’s state utility Perusahaan Listrik Negara (PLN) is reportedly planning to add 32GW of renewables into its power mix.
11-Sep-2023
BlackRock voted against Glencore’s climate report
BlackRock Inc. has revealed it didn’t support Glencore PLC‘s climate-resolution proposal at the miner’s annual general meeting in May.