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Category: Global News
The EIB Global is supporting an affordable housing development that will help accommodate 6 500 people in Tirana. This is the first EIB affordable housing project in the Western Balkans and...
CYNK will begin trade in Tamuwa biomass tokens this quarter CYNK plans regenerative agriculture, blue carbon credits Africa’s first verifiable emissions reduction platform, which uses a public decentralized ledger to...
The World Bank estimates that the project will reduce greenhouse gas emissions by 965,000 tons over 30 years. Project will strengthen railway network in Egypt, enhancing the country’s green transition....
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have delivered to the European Commission their Final Report with draft Regulatory Technical Standards regarding the disclosure of financial products’ exposure...
Malaysia raised 4.5 billion ringgit ($970 million) in its first sale of domestic Islamic green bonds, adding to a growing number of countries turning to sustainable debt financing for environmental...
IFAD could become implementing partner of IMF initiative IMF’s Resilience and Sustainability Trust (RST) designed to shore up sustainable growth in poorer countries Heads of state have identified food security...
For the first time since the start of the COVID-19 pandemic, the SDG Media Summit returned to United Nations headquarters on September 9th. More than 100 leaders in advertising, marketing,...
The EU Commission is taking legal steps against 11 Member States, calling on them to step up the implementation of the Single-Use Plastics Directive in order to reduce the impact...
Money will be used to bolster nation’s environmental defenses Caribbean island is perennial victim of hurricanes, flooding The International Monetary Fund and Barbados agreed to almost $300 million in loans...
NatWest sees Debt Management Office raising about £5 billion Syndication follows historic rout in UK bond markets Country’s bond supply surging as Bank of England rolls back monetary stimulus The...
BNY Mellon today announced new enhancements to its securities finance platform to help clients analyze their agency securities lending program alongside their sustainability goals. The announcement comes as stakeholder demands...
Australia’s Victoria state said on Tuesday it would invest $102 million to boost battery energy storage, as it pushes to source half its electricity from wind and solar energy by...
Yokogawa Electric Corporation announced that it has been selected by Shell Plc to be the main automation contractor for the construction of its Holland Hydrogen I plant in the Dutch...
The funds will enable Europe’s market leader in the leasing of equipment and tools to accelerate the electrification and greening of its fleet. This loan supports the decarbonisation of a...
Grants will support Czechia’s efforts to phase out coal-fired power by 2033 Targeted assistance aimed at regions that employ 21,000 people in coal and chemicals industry “We will make sure...
Announcement made at first-ever Global Clean Energy Action Forum Forum comprised 34 nations and nearly 400 CEOs “Investing in innovation anywhere speeds deployment and increases affordability of clean energy everywhere.”...
Amid COVID-19 recovery and global supply disruptions, countries are focusing on local supply chains Solar energy is fastest growing sector, accounting for more than a third of current global workforce...
Japan Exchange Group, Inc. is pleased to announce that it has started trial trading of carbon credits on Tokyo Stock Exchange as part of the “Technical Demonstration Project for Carbon...
Amazon now has 202 renewable energy projects in North America, 117 in Europe, 57 in Asia and the Pacific, one in the Middle East, one in Africa, and its first project in South America The total renewable...
Wind farm will produce more than 15% of company’s electricity demand in Germany The 800-hectare site has been an integral part of R&D activities since 1998 Mercedes-Benz also planning long-term...
Groundbreaking biodiversity target in the agreement is unique in Australia Cairns is the only place in the world where two natural UNESCO World Heritage-listed sites sit side-by-side: the Daintree Rainforest and...
US$6.2 billion capital investment will eliminate 3 million metric tons of CO2 equivalent emissions per year Operating cost savings of US$818 per year Payback of capital by 2034 Fortescue Metals...
Call for EU framework on climate adaptation Need for a climate resilience “stress test” for key infrastructure Boosting EU civil protection and emergency response Improving food security, sustainable water and...
Revisions eliminate previously proposed surcharges on airplane tickets and car fuel Current proposal targets green improvements to buildings, EV charging infrastructure and electric buses Russia’s protracted invasion of Ukraine has...
World’s largest coal exporter aims to increase proportion of renewables in its energy mix to 23% by 2025 No new coal plants can be built Those in the pipeline must...
The 77th session of the UN General Assembly opened on Tuesday with its new president urging world leaders to respond to humanity’s most pressing challenges, including the war in Ukraine,...
Supported by financial and impact investors such as Microsoft’s Climate Innovation Fund, APG on behalf of its pension fund client ABP, and Nysnø Climate Investments – a wholly owned subsidiary...
Interim decarbonisation targets set for 2030, reinforcing commitment to net zero financed emissions by 2050 Represents one of the most comprehensive sets of decarbonisation targets in global banking industry Bank...
Deal is expected to raise billions of dollars Proceeds earmarked for projects including renewable energy, clean transport and green buildings Crown prince has committed to investing $40 billion in local...
The Monetary Authority of Singapore and Singapore Exchange have jointly launched ESGenome, a digital disclosure portal for companies to report ESG data in a structured and efficient manner, and for...
Europe is rich in diversity. All territories face the same societal challenges, such as climate change, energy crisis, or the interruption of supply chains, but these impact on regions in...
43% reduction target by 2030 is 50% more aggressive than the previous administration’s Government financing agencies will be required to consider emissions targets in funding decisions “Enshrining a policy in...
Biodiversity continues to decline Slow progress toward achieving good status for water bodies More action needed to improve recyclabiity and waste prevention Air pollution still a major concern The EU...
Image: GE 4.2-117 Onshore Wind Turbine. Source: GE Renewable Energy GE Renewable Energy to supply 19 of its 4.2-117 onshore wind turbines for a total installed capacity of 79.8 MW....
Image: Side chapel of St. Mary’s Abbey Church. Source: Glencairn Abbey St. Mary’s Abbey in Glencairn aims to replace oil with a self-sufficient biofuel heating source. The monastery is already...
EIF contributes €25 million, KfW Capital €10 million of €100 million raised by the Green Generation Fund. The focus of the investments lies in plant-based protein production instead of factory farming, CO2 avoidance,...
Sasol and ITOCHU Corporation have signed a MoU to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel...
Norms may eventually apply to unlisted companies, KPMG says Regulator also plans to collect historical data on emissions India’s new environmental rules will help eliminate green washing by requiring companies...
QatarEnergy’s affiliates QatarEnergy Renewable Solutions and Qatar Fertiliser Company have signed agreements for the construction of the Ammonia-7 Project, the ‘first world-scale and largest blue ammonia facility’ project. QatarEnergy is...
Hisense has joined forces with FIFA, through its Football for Schools programme, to help increase environmental awareness among children in South Africa. Football for Schools, a global programme to make football...
aCommerce, J & J Philippines Launch 100% Recyclable Packaging Solution aCommerce Group, the largest end-to-end e-commerce enabler in Southeast Asia, has partnered with Johnson & Johnson Philippines, part of the...
An ambitious project in an unpopulated part of Tokyo Bay aims to build a high-tech, sustainable city-within-a-city on reclaimed land. In “Akira,” the celebrated animation film depicting a post-apocalyptic “Neo-Tokyo,”...
China’s Sinopec Corp said on Monday it has put into operation the country’s largest carbon capture, utilisation and storage (CCUS) facility in east China, and plans to build two more...
Saudi Arabian company Alfanar said on Monday it has signed a memorandum of understanding to build a $3.5 billion green hydrogen project in Egypt. The facility will produce 500,000 tonnes...
Pentagreen Capital aims to accelerate development of Asian sustainable infrastructure Sustainable infrastructure debt financing company Pentagreen Capital, which is backed by HSBC and Singapore state fund Temasek, has opened its...
India’s GAIL (India) Ltd has set a 2040 target to achieve net zero carbon emissions from its operations, Chairman Manoj Jain told the gas distributor’s annual shareholders’ meeting on Friday. India,...
Origin Energy Limited has released its first Climate Transition Action Plan outlining the company’s strategy and ambition to lead the energy transition through cleaner energy and customer solutions. The CTAP...
Governor Gavin Newsom issued the following statement after the California Air Resources Board (CARB) approved a rule requiring 100 percent of new car sales in California to be zero-emission vehicles...
Between a bipartisan infrastructure bill (Infrastructure Investment and Jobs Act [IIJA]), potentially the largest investment in American research and science in decades (the CHIPS and Science Act),* and the historic...
The Australian government will seek to introduce vehicle fuel efficiency standards to help increase the supply of electric cars, improve affordability for motorists and drive down emissions, the government said...
Leading ESG rating providers including MSCI and the London Stock Exchange Group have rejected the European Union’s proposals to regulate the sector. Responding to an EU consultation, the pair both said there was a...
The Humber Refinery’s Humber Zero project is one of just 20 projects shortlisted by the UK government for carbon-capture, usage and storage deployment. “Our carbon-capture facility would be the first...
Additional energy efficiency initiatives aim to maximise efforts to reduce the company’s reliance on the national grid and minimise impact on the environment Tiger Brands will soon begin rolling out...
FTA’s FY22 Low- and No-Emission and Bus and Bus Facilities programs will provide $1.66 billion in grants to transit agencies, territories and states across the country to invest in bus...
Japan on Friday took a first step into its research for a green gross domestic product (GDP) measurement that reflects the country’s progress in reducing greenhouse gas emissions in its...
Switzerland is adding a much needed cog in the wheel to its energy supply with an underground hydropower plant that says it has capacity to store enough electricity to charge...
DOE Seeks Public Input on Expanding Manufacturing Capacity and Clean Energy Economic Opportunities to Revitalize Former Coal Communities The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced a...
NGS Super Pty Ltd as Trustee of NGS Super has taken a large step in its journey to a carbon-neutral portfolio by 2030, with the recent divestment of the following companies...
The Monetary Authority of Singapore (MAS) announced the upcoming issuance of Singapore’s inaugural sovereign green bond – known as Green Singapore Government Securities (Infrastructure) [“Green SGS (Infra)”]. This green bond will...
When the new facilities, already under construction, come on stream in 2023, the company will have 261 MW of installed capacity in Poland, a market that has become one of...
The Irish government on Thursday agreed targets to limit carbon emissions in key sectors of the economy after the leaders of coalition partners the Green Party, Fianna Fail and Fine...
The measures include requiring funds to provide details on their investment strategy and will take effect from January 2023, the Monetary Authority of Singapore said Singapore’s central bank issued new disclosure...
Bipartisan Infrastructure Law Funding Will Support Solar Energy Careers in Underserved Areas; New Digital Platform Will Make Reliable Solar Power More Accessible The Biden-Harris Administration, through the U.S. Department of...
The nearly $370 billion in climate and energy security measures in the budget reconciliation deal U.S. Senate Democrats struck on Wednesday were whittled down from previous versions of the bill,...
China will issue principles for green bonds to build a unified criteria for domestic issuers, rushing to establish standards in a growing market in line with international norms, the official...
Bipartisan Infrastructure Law Funds State and Local Implementation of Latest Building Energy Codes to Generate as Much as $138 Billion in Savings for Homes and Businesses The U.S. Department of...
Funding Aims to Decarbonize and Accelerate the Electrification of All Vehicles, Slash Fuel Costs for Drivers and Companies The U.S. Department of Energy (DOE) today announced a $96 million funding...
Two Bipartisan Infrastructure Law Programs Will Decarbonize Power Generation and Heavy Industries, Create Regional Transport Networks for Captured CO2 Emissions The Biden-Harris Administration, through the U.S. Department of Energy (DOE),...
Chen Qiyu, Executive Director and Co-CEO of Fosun International Limited (HKEX stock code: 00656, “Fosun International”) attended and delivered a keynote speech in the session of “The Significance of Technological...
This funding partnership will enable the creation of a 3D vector map of cities across Canada – offering next-generation digital mapping data to support a variety of sustainability and Net-Zero...
Suppliers to start delivering sustainable fuel from 2025, reaching 85% of all aviation fuel in EU airports by 2050 Electricity and hydrogen should be part of new fuel mix Create...
Parliament votes to approve including gas in taxonomy Regulation will most likely enter into force at start of 2023 European Union lawmakers voted to allow natural gas and nuclear energy...
Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen...
The company plans to go 100%-renewable electricity by 2030 – a challenging goal. The company will expand its solar power generation facilities and use PPA actively. Cheoldong Jeong, its CEO,...
ECB to account for climate change in its corporate bond purchases, collateral framework, disclosure requirements and risk management, in line with its climate action plan Measures aim to reduce financial...
Tokyo aims to deepen its ties with the City of London by promoting financial collaboration and exchanging information, while promoting the push towards sustainable finance, Governor Yuriko Koike said on...
NATO aims to cut its civilian and military greenhouse gas emissions by at least 45% by 2030 and be carbon neutral by 2050, Secretary-General Jens Stoltenberg said on Tuesday as...
Communique says leaders are committed to “a highly decarbonised road sector by 2030” as well as “a fully or predominantly decarbonised power sector by 2035.” Details of the communique come...
Ministers meet to seek deals on package of climate laws Moves to weaken some measures as energy shock bites Ministers discuss plans to reduce gas demand EU contingency planning for...
– AbbVie’s Week of Possibilities returns in 2022 for its seventh year with approximately 15,000 employees participating in volunteer activities globally to strengthen local communities, expand educational programs and make a positive...
Global portfolio managers attended the event and showed opportunity windows for investments abroad On Tuesday (21), BTG Pactual hosted the Global Managers Conference Brazil 2022, which brought together major portfolio...
New rules on corporate sustainability reporting: provisional political agreement between the Council and the European Parliament The Council and European Parliament today reached a provisional political agreement on the corporate sustainability...
Greece will offer households subsidies to help them replace their old fridges and air conditioners and cut down on soaring power bills, the government said on Monday. Like many other...
The SEC has proposed rule and form amendments that, would require additional disclosures regarding environmental, social, and governance (ESG) investment practices by RIAs, registered investment companies, and business development companies....
Basel Committee issues principles for the effective management and supervision of climate-related financial risks. The principles seek to improve banks’ risk management and supervisors’ practices related to climate-related financial risks....
Canada on Wednesday launched a credit system for greenhouse gas offsets, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects...
China is rolling out so-called low carbon transition bonds to help companies become greener, the country’s interbank bond market regulator said on Monday, as Beijing strives toward carbon neutrality. Under...
As Jamaica pursues its Vision 2030 development plan which will transform the island’s economy, the country’s government continues to develop and seek sustainable investments that can accelerate economic and social...
Austria has hired banks to sell its first ever green bond, according to memos on Monday from two lead managers seen by Reuters. The bond, due 23 May 2049, will...
For a world in crisis, rescuing the Sustainable Development Goals (SDGs) “must be our highest common priority,” the UN chief told Member States on Tuesday at a key development meeting...
The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from a...
Japanese Prime Minister Fumio Kishida on Thursday laid out a plan to issue an estimated 20 trillion yen ($157 billion) worth of “green transition” bonds to help finance investment to...
London’s City Airport has vowed to become net zero by 2030, accelerating an original goal of 2050 to get ahead of what it believes will be a move by large...
The European Union intends to mobilise up to 300 billion euros of investments by 2030 to end its reliance on Russian oil and gas, European Commission President Ursula von der...
Britain’s North Sea Transition Authority (NSTA) on Thursday said it has awarded energy firms Equinor and BP two carbon storage licences on the UK Continental Shelf off the coast of Humberside. Carbon...
Rising concerns over energy security and climate change will galvanize record new capacity to generate renewable power in 2022, the International Energy Agency forecast on Wednesday. The IEA forecasts that...
European Union lawmakers have reached initial agreements on reforms to the EU carbon market, as they prepare to negotiate an overhaul of the 27-country bloc’s core policy for reducing planet-warming...
South Africa’s government is still analysing details of a $8.5 billion financing package offered by rich Western nations last year to help the country shift away from coal, environment minister...
The European Commission hopes to jumpstart a large-scale rollout of solar energy and rebuild Europe’s solar manufacturing industry, as part of its bid to wean countries off Russian fossil fuels,...
Ukrainian power company Ukrenergo has paid $28.4 million on time as the first coupon on its debut five-year “green” Eurobond and will continue servicing its debt despite Russia’s invasion, the...
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