Sustainability

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

Denmark to introduce first-ever carbon tax on agriculture

The deal calls for taxing farmers 300 Danish crowns ($43.16) per ton of CO2 in 2030, increasing to 750 crowns by 2035

Ferrari’s first electric car could cost over half a million dollars

The electric sports car from Ferrari is on track to launch in the fourth quarter of 2025

South Korea’s hydrogen-powered FCEV exports plunge 74.2 percent in first five months of 2024

Last month, the country's exports of hydrogen-powered FCEVs dropped to zero

World Bank launches $200 million bond to fund Amazon reforestation efforts in Brazil

The principal-protected bond will provide financing for reforestation initiatives selected by the Brazilian startup Mombak

China pledges $20 million to UNCTAD to boost sustainable development efforts

The contribution is aimed at supporting the implementation of the UN's 2030 Agenda for Sustainable Development

Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President

The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months

Azerbaijan confirmed as host of COP29

The COP29 Presidency has made significant progress and will be ready to deliver a world-class event, said COP29 President-Designate

China’s Xinjiang begins operating world’s largest solar plant

The solar plant will generate about 6.09 billion kilowatt hours of electricity each year

SAF production to triple to 1.5 million tons by 2024: Report

Around 140 SAF projects are planned by 2030, the report said

China leads affordable EV charge as global transition faces challenges: Report

This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country

China power sector achieves $16.5 billion in completed clean energy projects in Q1 2024

The magnitude of clean energy projects currently under construction in China surged to 512.05 GW during the quarter

Global carbon pricing revenues reach record $104 billion in 2023: Report

The report found that there are now 75 carbon pricing instruments in operation worldwide

Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report

China accounted for three-quarters of the total investments in this field, according to the report

Abu Dhabi’s Mubadala backs Japan’s 108GW solar target with inaugural renewable energy investment

PAG REN I platform will play a critical role in supporting large corporations across Japan as they transition to clean energy

Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions

Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions

Global market for energy transition minerals forecast to reach $770 billion by 2040: Report

The market value of key energy transition minerals is around $325 billion

Number of people planning to buy EVs in U.S. declines to 24 percent: Study

24 percent of Gen Z and 32 percent of Gen Y shoppers say they are 'very likely' to consider an EV

Saudi Arabia, U.S. forge roadmap for cooperation in energy with focus on sustainability

Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement

China’s LNG imports forecast to surpass 79 million tons in 2024, PetroChina official says

China shipped nearly 20 million tons of LNG already in the first quarter of 2023