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Global
October 07, 2022
BNEF: Renewables investment must quadruple by 2030
To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE
October 05, 2022Wood Mackenzie: Decarbonizing iron and steel industry requires $1.4 trillion investment
Decarbonizing the iron and steel industry requires $1.4 trillion of investment, of which $250 billion is for carbon credits, according to Wood Mackenzie’s latest report, Pedal to the Metal: Iron and steel’s $1.4 trillion shot at decarbonization.
October 05, 2022Germany added 803 MW of solar, wind in August
Germany commissioned 561.35 MW of solar power plants and a 152.11 MW of onshore wind farms in August, according to the latest figures from the Federal Network Agency.
September 30, 2022Lifecycle emissions from cars nearly carbon-heavy per euro as oil firms
A study by environmental NGO Transport & Environment shows that lifetime carbon emissions of a car are so high that investing in carmakers funds almost as much as carbon dioxide per euro as investing in an oil company.
September 28, 2022ESG investors consider measuring Scope 4 emissions
Amid global race to net-zero emissions, Environmental, Social, and Governmental (ESG) investors are now considering how Scope 4 emissions can be integrated into their portfolio analysis.
September 22, 2022New KARB ETF opens door to global compliance carbon markets
Carbon Fund Advisors Inc has launched the Carbon Strategy ETF (KARB) on the NYSE to provide investors with exposure to carbon markets.
September 19, 2022OCC designates its first-ever “climate cop”
The U.S. Office of the Comptroller of the Currency (OCC) has appointed Dr. Yue (Nina) Chen as its first chief climate risk officer to manage climate-related financial risks.
September 16, 2022Africa's first green hydrogen plant to start production in 2024
French independent power producer HDF Energy has announced that its green hydrogen power plant in Namibia, Africa’s first, will begin producing electricity in 2024.
September 15, 2022First climate lawsuit demanding Russian government stronger emissions targets
Activists filed Russia’s first-ever lawsuit in the Supreme Court on Sep.13, demanding the government take stronger actions on emissions reduction to meet its obligations under the 2015 Paris Agreement.
September 14, 2022Hawaii closes its last coal-fired power plant to combat climate change
Hawaii recently shut down its last coal-powered electricity plant, a step forward in the state’s effort to adopt more renewable energy sources and use less fossil fuels such as coal and oil.