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Global
April 13, 2023
European aviation warns of €800bn bill to reach net zero
The European aviation industry faces more than 800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.
April 12, 2023‘Entering the clean power era’: Global wind, solar reached record levels in 2022
Wind and solar reached a record 12% of global electricity generation in 2022, up from 10% in 2021, according to the latest Global Electricity Review released Wednesday by energy think tank Ember.
April 11, 2023H&M, LanzaTech launch carbon clothing collection
Swedish fashion brand H&M has partnered with carbon capture company LanzaTech to create garments made from captured emissions and combining them with the brand’s own DryMove technology—a trademarked material that is designed to pull away moisture from the
March 31, 2023Global initiative outlines criteria for voluntary carbon market
The Integrity Council for the Voluntary Carbon Market (ICVCM), an independent governance body for the voluntary carbon market, outlined standards on March 30 that it hopes will bring transparency to the $2 billion market, which has struggled for credibili
March 30, 2023Iberdrola, Amazon to co-develop large-scale wind, solar power
Spanish utility Iberdrola and Amazon have signed a PPA to develop large-scale renewable projects in collaboration.
March 22, 2023Netherlands plans to build 500 MW offshore green hydrogen project in North Sea
The Dutch government has unveiled its plans to construct a large-scale hydrogen production facility to covert wind power into hydrogen in the North Sea.
March 20, 2023EU unveils Net-Zero Industry Act in response to IRA
The European Union has introduced a range of fresh initiatives to foster green technology and secure raw materials, in an effort to maintain its competitive edge against the U.S. and China amid growing global protectionism.
March 16, 2023Germany plans to launch long-term subsidy scheme to cut industry emissions
Germany seeks to launch a subsidy program for industries in April to help them transition to carbon-neutral production, according to a document released on Tuesday, as Europe's largest economy explores measures to make industry carbon-neutral by 2045.
March 16, 2023ING to restrict financing of oil, gas trading against climate change
ING Group NV, a leading global lender to commodities trading, has announced its plans to cut the volumes of oil and gas deals it finances as part of its efforts to markedly reduce the company's carbon footprint.
March 14, 2023EU unveils measures to prevent industrial decline amid green transition
The European Union is a global leader in reducing carbon emissions, but it is also taking steps to ensure that the green transition does not turn it into an industrial desert, with a raft of measures set to be announced next week.