18-May-2021
South Pole, Mitsubishi eye up to $800 million of carbon removal credits by 2030
South Pole is developing a carbon removal purchase facility with Japan's Mitsubishi Corp, which aims to procure US$300 million to $800 million worth of CO2 removal credits by 2030.
18-May-2021
Japex sets 2050 carbon neutrality target, pulls out of Canadian shale project
Japan Petroleum Exploration joined a growing list of Japanese energy companies pursuing 2050 carbon neutrality, and announced plans to cut its CO2 emissions by 40% by 2030-31.
18-May-2021
PLN pledges carbon neutrality by 2050
Indonesian state-owned electricity monopolist PLN has pledged to become carbon neutral by 2050.
18-May-2021
Kellogg issues $363 million sustainability bond
Global food company Kellogg Company today announced it has successfully priced a $363 million 8-year Sustainability Bond.
18-May-2021
IEA raises growth forecast for wind and solar by another 25%
The International Energy Agency (IEA) has raised its forecast for the global growth of wind and solar by another 25% compared to figures it published just six months ago as renewable energy accounts for 90% of new capacity in 2020.
18-May-2021
SMFG to halt all new financing of coal-fired power plants
Sumitomo Mitsui Financial Group said it is halting new financing for all coal-fired power plants, becoming the first major Japanese lender to make such a pledge amid increasing pressure on banks to cut coal-based funding.
18-May-2021
Coalition for the Decarbonisation of Road Transport launches
The Green Finance Institute launched a Coalition to bring together experts from the finance, automotive, energy and infrastructure sectors to accelerate the transition to zero emission vehicles.
18-May-2021
Taylor Wimpey adopts new environment strategy
Housebuilding company Taylor Wimpey shared its new environment strategy, which includes scienced-based emissions reductions targets.
18-May-2021
Tesla to stop accepting bitcoin for car purchases, citing environmental concerns
Tesla has suspended vehicle purchases using bitcoin out of concern over “rapidly increasing use of fossil fuels for bitcoin mining,” according to a tweet from CEO Elon Musk on Wednesday.
18-May-2021
Third of global food production at risk from climate crisis
A third of global food production will be at risk by the end of the century if GHGs continue to rise at their current rate, new research suggests.
18-May-2021
UK Power Network sets 2028 net-zero target, partners with Carbon Trust
UK Power Networks has become the first UK distribution network operator to have its carbon reduction plan endorsed by the Science-Based Target Initiative.
18-May-2021
Amazon issues $1 billion sustainability bond
Amazon is backing up its environmental initiatives with a new $1 billion bond focused on funding projects in five key sustainability areas.
18-May-2021
80 per cent of BP shareholders reject climate proposals
More than 79% of investors voted against a resolution proposed by shareholder group Follow This, which pushes oil companies to reduce their emissions.
18-May-2021
Hyundai to invest $7.4 billion in United States EVs
The Hyundai Motor Group announced a $7.4 billion investment in the United States through 2025, mostly aimed at producing electric vehicles.
18-May-2021
Asian Development Bank plans exit from coal finance
The Asian Development Bank (ADB) will end all financing for coal mining and power plants and ban support for oil and gas production.
18-May-2021
Dozens of religious institutions to divest from fossil fuels
Thirty religious institutions from 11 countries have announced that they would sell shares in coal, oil and gas companies.
18-May-2021
German cabinet agrees to carbon neutrality by 2045
German Chancellor Angela Merkel's cabinet approved draft legislation for more ambitious CO2 reduction targets, including being carbon neutral by 2045, after a landmark court ruling last month forced the government to act.
06-May-2021
Eleven EU countries call to ban fossil fuels from trans-European energy infrastructure
Eleven EU countries have signed a declaration calling on the Union to stop funding fossil fuels under its trans-European energy infrastructure regulation (TEN-E), which is currently under revision. The non-paper – EU jargon for an informal document – follows discussions in Brussels on Wednesday (5 May) about the contribution of Europe’s infrastructure to decarbonisation and the green transition. The signatories – Austria, Belgium, Germany, Denmark, Estonia, Ireland, Luxembourg, Latvia, the Netherlands, Spain and Sweden – emphasise the role that decarbonising the energy system will have in reaching Europe’s 2030 and 2050 climate goals. Read more »
04-May-2021
UK-India deepen work on climate change on the road to successful COP26
The UK and India agreed on a joint roadmap that includes new collaboration on clean energy transition and protecting forests, and joint leadership to develop resilient infrastructure in climate vulnerable countries.
04-May-2021
Climate change: promises will mean rise of 2.4C - study
The Climate Action Tracker group says the new targets have reduced projected warming by the end of century by 0.2C. Read more »