News

Australia’s new left-leaning government is set to commit to reducing global methane emissions by 30% by 2030.

EU countries are considering revising REPowerEU, the European Commission’s plan to shift away from Russian fossil fuels, including scrapping a proposed 45% renewable energy target for 2030, according to a document seen by EURACTIV.

The UK government has announced to introduce the ‘Cost-Plus Revenue Limit,’ a temporary cap on renewable energy companies’ revenue, to curb the impact of soaring wholesale power prices.

The Energy Council of South Africa and other business representatives have jointly proposed recommendations to South African government for the country’s carbon tax scheme under the draft Taxation Laws Amendment Bill.

The U.S. Office of the Comptroller of the Currency (OCC) has appointed Dr. Yue (Nina) Chen as its first chief climate risk officer to manage climate-related financial risks.

Hawaii recently shut down its last coal-powered electricity plant, a step forward in the state’s effort to adopt more renewable energy sources and use less fossil fuels such as coal and oil.

California is banning the sales of new gasoline-only vehicles by 2035, marking a historic step toward combating climate change.

Bhutan is not only the happiest country, but also the first carbon negative country in the world. With 70% of the nation’s land covered by forest, Bhutan is able to absorb more carbon dioxide than it emits.

The lower house of India’s parliament on August 9 passed a bill to increase the use of renewable energy and make industrial polluters pay a price for the carbon they emit, marking another step toward its climate goals.

In the hopes of cutting the net carbon emissions of its portfolio, Temasek, Singapore’s state investment company, will lift its internal carbon price from US$42 to US$50 per tonne of carbon dioxide this year, with plans to further raise it to US$100 by th