Report finds industry’s high-emitters lack climate pace and ambition

Industry’s high-emitters ‘lack climate pace and ambition’

A new report examined the ‘carbon performance’ of 238 energy, industrial and transport companies and found only 43 have emissions trajectories in line with the Paris Agreement of limiting climate change to 2°C.

Shanghai Electric achieves financial close on large-scale coal project in...

Shanghai Electric Group has achieved financial close for the coal project out of the Thar Block-1 Integrated Coal Mine Power Project in Pakistan

Jeff Bezos launches $10bn ‘Earth Fund’ to fight climate change

Amazon CEO Jeff Bezos announced that he is launching the “Bezos Earth Fund" to preserve the planet

Global carbon dioxide emissions flatlined in 2019, defying expectations

Despite widespread expectations of another increase, global energy-related carbon dioxide emissions stopped growing in 2019, according to the latest IEA data. After two years of growth,...
Offhsore wind

Drinks manufacturer to go 100 per cent renewable

One of the UK’s leading soft drink manufacturers has signed a deal with Swedish energy company Vattenfall to switch all of its electricity to...

Kosovo lignite plant gets $84m emissions overhaul

A lignite-fired power station in Kosovo is undergoing a €76m ($84m) modernization project to cut its emissions. The Kosovo B plant near Pristina will be...

United Nations warns that climate fight is being lost

The UN has warned that current measures under the Paris Agreement to curb climate change are not working. A UN report warns that unless global greenhouse gas emissions fall by 7.6 per cent each year by 2030, the world will miss the opportunity to get on track towards the 1.5°C temperature goal of the Paris deal.

RusHydro launches state-of-the-art thermal power plant on Sakhalin Island

RusHydro has announced the opening of the Sakhalinskaya GRES-2 on Sakhalin Island. The modern 120 MW power plant with long-run annual...

World’s largest public bank cuts finance for coal and oil

The European Investment Bank (EIB), the world’s largest international public bank and the €555bn ($612bn) lending arm of the EU, has adopted...

Industry pursues stable carbon pricing policy

A new report by the High-Level Commission on Carbon Pricing and Competitiveness calls on industry peers and governments to adopt strong carbon pricing policies.

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