Corporate Climate News

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Biden administration to approve $8Bn oil drilling in Alaska

Environmental advocates argue the plan would undermine the Biden administration’s agenda to curb fossil fuel production.


North Carolina releases paths towards net-zero

The North Carolina Deep Decarbonization Pathways Analysis sets out methods by which emissions can be reduced 50% by 2030 and reach net zero levels by 2050.


France, India, UAE agree on climate cooperation

The three countries agreed on a trilateral initiative to embark on energy projects which takes advantage of India’s G20 presidency and the UAE’s hosting of COP28.


India plans to draft taxonomy on ‘clean’ activities, technologies

Under the proposal, similar to the Green Taxonomy pioneered by the European Union, the government will certify sustainable activities in the hope of attracting investment.


Western Australia to legislate on 2050 net zero target

Western Australia’s government will consult further with industry before setting interim targets for the state to achieve net zero carbon emissions by 2050.


NSW releases first “Climate Change Policy and Action Plan”

The New South Wales (NSW) Environment Protection Authority released its Climate Change Policy and Action Plan 2023-26 to help the state reach net zero by 2050


Portugal to launch first offshore wind auction before end of 2023

Portugal expects to launch its first offshore wind power auction by the last quarter of this year, aiming to reach 10 GW of installed capacity by 2030.


EU launches consultation on reform of electricity market design

The European Commission is launching a public consultation on the reform of the EU’s electricity market design to support a ‘clean and affordable energy transition’.


Colombia announces halt on fossil fuel exploration

Colombia’s government has announced that it will not approve any new oil and gas exploration projects as it seeks to shift away from fossil fuels.


New ‘Coalition of Trade Ministers on Climate’ launches

The EU and 26 partners countries launched the “Coalition of Trade Ministers on Climate”, a forum dedicated to trade, climate and sustainable development issues.


Germany publishes plans to hit 30GW offshore wind in 2030

The Federal Maritime and Hydrographic Agency (BSH) announced there would be enough space for 40 GW by 2035, and possibly more than 10 GW on top of that.


NuScale’s SMR becomes first to be certified in the US

The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor (SMR).


EU proposes new law to combat greenwashing

It will clamp down on companies promoting their products as “climate neutral” or “containing recycled materials” if such labels are not substantiated.


Slovenia plans €3.5Bn investment in power distribution system

Slovenia plans to pour €3.5Bn into its grid in the next decade to help support the increased demand for electricity that it expects to come with the green transition.


Von der Leyen announces ‘Net-Zero Industry Act’

The European Commission will propose a Net-Zero Industry Act with clean tech objectives for 2030 in order to compete with the American Inflation Reduction Act.


US releases blueprint for transportation sector decarbonisation

The landmark blueprint was developed by the Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency.


Ethiopia working towards net zero emissions by 2050: PM

Prime Minister Abiy Ahmed confirmed that Ethiopia has developed along-term net zero and climate resilient 2050 strategy to support the country’s decarbonisation.


Malaysia may stop palm oil exports to EU after new curbs

The announcement was made in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.


Sweden discovers Europe’s biggest deposit of rare earth metals

Rare earth minerals are essential to high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics, microphones and speakers.


World’s dams to lose a quarter of storage capacity by 2050, UN

Nearly 50,000 large dams worldwide could lose more than a quarter of their storage capacity by 2050 as a result of sedimentation build-ups, eroding global water supply.

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