The European Union needs to double targeted investment to meet its 2030 climate goal, a consortium of research organisations said on Tuesday, warning that the pace of Europe’s related action must accelerate. Delivering on the 2030 objective is pivotal for the EU’s ability to achieve an ambitious target of net zero greenhouse gas emissions by
Microsoft co-founder Bill Gates on Thursday urged investors to get behind cutting-edge climate technologies he says would drive a “green industrial revolution” and a next wave of global prosperity. Over three days in an upmarket London venue, Gates showcased more than 100 companies making ground on cutting planet-heating emissions from carbon-intensive sectors most responsible for
More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world’s top energy research body said Thursday. The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the
Wealthy countries met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 though two years later than promised, the OECD said Wednesday. The failure to raise the money on time has eroded trust in climate negotiations and the OECD report comes as nations race to
ExxonMobil investors will have a chance to weigh in at Wednesday’s annual meeting on the company’s hardball approach to the latest shareholder challenge from environmentalists over climate change. The US oil giant, which unapologetically favors petroleum investment despite its negative climate impacts, has adopted a more aggressive posture towards activists at this year’s virtual meeting
Pictures by Hector Retamal. Video by Qian Ye Victims of severe floods in southern China raced on Wednesday to salvage property from the muddy waters, as authorities warned of more heavy rains to come. Massive downpours have struck Guangdong province in recent days, triggering deluges that have claimed the lives of four people and forced
RENO, Nev. (AP) — President Joe Biden’s administration has conditionally agreed to loan more than $2 billion to the company building a controversial lithium mine in Nevada with the largest known U.S. deposit of the metal critical to making batteries for electric vehicles key to his renewable energy agenda. The U.S Energy Department agreed on
for an entertaining image search getty There’s been a lot of talk recently among climate investors around the “first-of-a-kind” or “FOAK” challenge. Billions of dollars, both private and public, have been invested into the invention and development of new climate solutions — across the energy, waste, transportation, food and water landscape. And many amazing new
An analysis reveals that the U.S. is prioritizing road widening over public transportation, raising concerns over environmental impact and community health. Oliver Milman reports for The Guardian. In short: The U.S. has allocated more than $70 billion of the infrastructure bill to road improvements, which may increase car usage and congestion. Only a fifth of
A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+, saying through a spokesperson that it will oversee