climate

Wood Mackenzie’s Energy Transition Outlook on emissions reduction targets

Wood Mackenzie’s ‘Energy Transition Outlook’ report highlights emissions reduction targets and the path towards net zero emissions. Global shocks, including geopolitical tensions and economic instability, threaten to hinder the achievement...

Hurricane Milton causes devastation across Florida, loss reaches $50 bn

Hurricane Milton, a Category 3 storm, wreaked havoc across Florida on Thursday, killing at least 10 people and leaving millions without power. According to a...

Unilever partners with retail giants to cut emissions and boost sustainability

Unilever, the consumer goods giant with revenues of nearly €60 billion, will partner with its top 10 retail customers to reduce greenhouse gas emissions...

TPG Rise Climate secures $1.25 bn for global south climate investment initiative

TPG Rise Climate, the climate-focused investment arm of TPG’s impact investing platform, has secured $1.25 billion in initial capital for its Global South Initiative...

WMO report confirms Ozone Layer on track for recovery

New evidence from the World Meteorological Organization’s (WMO) annual Ozone and UV Bulletin, published on Monday, shows that the ozone layer is on track...

ILO warns half the world lacks social protection as climate crisis grows

A new report from the International Labour Organization (ILO) highlights a grim reality: half of the global population is without social protection, and those...

UN unveils principles to accelerate renewable energy transition

The United Nations Secretary-General’s Panel on Critical Energy Transition Minerals has introduced seven voluntary guiding principles to accelerate the global race for renewable energy....

Aiga Capital closes $240 mn climate infrastructure fund

Aiga Capital Partners has closed its climate infrastructure fund, securing over $240 million in capital commitments from seven limited partners, including pension funds, family...

Data center boom to drive 2.5 bn metric tons of CO2 emissions

A surge in the construction of data centers worldwide is projected to result in approximately 2.5 billion metric tons of carbon dioxide-equivalent emissions by...

ChatGPT’s growing energy consumption raises environmental concerns

The rapid expansion of AI technologies, particularly large language models like ChatGPT, is contributing to a significant increase in global electricity consumption. According to...

Carbon capture utilisation faces cost challenges despite role in decarbonisation

A recent report by Wood Mackenzie highlights the importance of Carbon Capture Utilisation and Storage (CCUS) in global efforts to reach net-zero emissions by...