Sustainability

China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes

This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters

China advances green finance with 19 key measures

The guideline highlights the green transformation of industries and ecosystem restoration

European Council to mobilize $100 billion annually in climate finance through 2025

The council reaffirmed its commitment to climate finance and aims for new targets beyond 2025.

South Korea, China, and Japan unite to tackle plastic pollution

The three countries agreed to strengthen cooperation in reducing yellow dust levels, particularly in collaboration with Mongolia 

Japan can raise renewable energy share to 80 percent by 2035: Report

Japan can reduce its CO2 emissions by 65 percent by increasing the number of storage batteries and grid interconnection

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

Indonesia targets 23 percent renewable energy share in total energy mix by 2025

This target encompasses a range of renewable sources, such as solar, wind, bioenergy, hydropower, and geothermal energy 

Singapore raises 2035 clean electricity import target by 50 percent to 6 GW

EMA has issued conditional approvals to nine projects thus far, of which five have advanced to conditional licenses

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

Tesla’s China sales surge 37 percent in August to over 63,000 cars

During the first half of the year, Tesla's China sales declined 5 percent

China’s $676 billion investment leading the global energy transition

The country's wind and solar exports cut global CO2 emissions by about 810 million tons in 2023

Samsung SDI, General Motors ink $3.5 billion agreement for U.S. EV battery plant

The new plant will produce high-performance nickel-rich prismatic batteries, which General Motors will deploy in its EVs

India’s bio economy to reach $300 billion by 2030 under new government policy

New policy seeks to foster the development of bio-based products with minimal carbon footprints in India

Germany commits $3.89 billion to nature-based solutions for climate, biodiversity

This marks the largest investment ever in nature and climate protection in Germany, says minister

India aims for 17 million zero-emission trucks by 2050

The country is accelerating truck electrification with 30 new policy interventions

Australia to build world’s largest $24 billion solar farm to power 3 million homes

The project will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore

Global transition to low-carbon economy needs $3 trillion each year until 2050: Yellen

In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries

GCFC, IRENA collaborate to unlock innovative climate finance for sustainable energy transition

The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects

Earth scorches new temperature record: World’s hottest day revealed

Could this be the start of a worrying new temperature trend?

PetroChina joins COP28’s oil & gas decarbonization charter

With the addition of PetroChina, the charter's signatories now represent more than 42 percent of global oil production

U.S. renewable energy consumption rises 2 percent to record-high in 2023: EIA

Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years

South Korea reveals 10-year $1.44 billion plan to develop cutting-edge green technologies for ships

The technologies include features such as full autopilot capabilities and carbon-free engine

Germany’s renewable energy share reaches 58 percent in first half of 2024

Photovoltaic systems generated more than 10 billion kilowatt hours of electricity in one month for the very first time in June