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.

Using cheap carbon offsets to meet net zero targets could curb companies’ efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday.

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.

Germany commissioned 561.35 MW of solar power plants and a 152.11 MW of onshore wind farms in August, according to the latest figures from the Federal Network Agency.

A study by environmental NGO Transport & Environment shows that lifetime carbon emissions of a car are so high that investing in carmakers funds almost as much as carbon dioxide per euro as investing in an oil company.

Queensland, one of Australia's biggest coal-producing states, announced on Sep. 28 an A$ 62 billion ($40 billion) clean energy plan to end its reliance on fossil fuels and convert its coal-fired power stations to renewable hubs by 2035.

Carbon Fund Advisors Inc has launched the Carbon Strategy ETF (KARB) on the NYSE to provide investors with exposure to carbon markets.

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.