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net zero
Europe
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
Asia
India aims for 17 million zero-emission trucks by 2050
The country is accelerating truck electrification with 30 new policy interventions
Banking & Finance
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
Energy
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
Asia
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
Sustainability
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
Asia
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
Europe
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
Asia
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
Sustainability
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
Asia
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
Sustainability
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
Asia
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
Sustainability
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
Sustainability
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
Features
COP28: Michael Izza, CEO of ICAEW, on businesses achieving climate targets
Integrating sustainability into the core fabric of businesses