IEA on Australia’s efforts to increase climate and clean energy goals
Australia is making significant efforts to increase its climate and clean energy goals, according to the International Energy Agency (IEA).
The IEA has recommended that...
Apple to add $200 mn more in Restore Fund for carbon removal
Apple said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial $200...
Investment of $35 trillion will help in energy transition: IRENA
The global energy transition is not progressing as intended and is being exacerbated by the impact of global crises. During the Berlin Energy Transition...
OPEC Fund okays $300 mn for funding Climate Action Plan
The OPEC Fund for International Development (the OPEC Fund) has approved more than $300 million in new financing in the first quarter of 2023 for funding...
HSBC will stop funding new oil and gas fields
HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, as...
Siemens Energy halves emissions in its operations
Siemens Energy said it improved in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report.
“Our mission...
Essar Oil to build £360 mn carbon capture plant at its Stanlow refinery
Essar Oil UK plans to build a £360 million carbon capture plant at its Stanlow refinery to meet its goal of becoming a leading low...
Climate finance tops COP27 agenda as talks focus on pledges
The 2022 United Nations Climate Change Conference (COP27) focused on implementing existing pledges rather than adopting stricter global emissions reduction targets, Moody’s said.
Aside from...
Schneider Electric-backed SE Ventures plans €500 mn VC fund
SE Ventures -- backed by Schneider Electric -- announced a €500 million Fund II focusing on making VC investment in climate and industrial technology.
Fund II...
COP27 deadline slips and negotiators now hope for the best
UN has revealed that negotiators are trying to make a final push for a deal at the COP27 climate talks in Egypt on Saturday,...
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