Mongabay

Brazil’s environment agency, IBAMA, has approved an environmental license for state-owned oil company Petrobras to drill for oil near the mouth of the Amazon River.

A coalition formed to align the international banking sector’s investments with global climate goals has disbanded nearly four years after it was launched.

A new study that mapped the portfolios of the world’s 250 biggest oil and gas companies found their deployment of renewable energy is paltry: they’re responsible for just 1.42% of the global renewable energy capacity in operation.

Indonesia is moving to designate 17 seagrass habitats as national strategic areas for blue carbon, a plan that promises climate and community benefits but raises concerns over safeguards.

Chinese clean energy firms are investing in solar panel manufacturing in Indonesia. However, strict quotas set by Indonesia’s state-owned utility PLN limit rooftop solar installations, dampening investor enthusiasm despite the country’s vast potential.

Brazilian President Luiz Inácio Lula da Silva announced that his nation will invest the first $1 billion in the Tropical Forest Forever Facility (TFFF), a planned $125 billion fund that Lula and Brazilian finance experts first described in 2023.

Thailand has pushed back retiring several coal-fired units at the 2,400-MW Mae Moh power plant, keeping some units running until at least 2031 and refurbishing others to 2048, despite earlier closure plans.

The European Commission has proposed pushing back the European Union Deforestation Regulation (EUDR) for another year, to December 2026, citing concerns that its IT system is not yet ready to handle the demands that the regulation would place on it.