1.5°C Goal is Alive but, its Pulse is Weak: COP26 Concludes
The 2021 United Nations Climate Change Conference (COP26) concluded with nearly 200 countries agreeing with the Glasgow Climate Pact to keep the target of limiting global warming to 1.5°C. For ...
Climate Analytics Provider Jupiter Raises $54 Million in Series C Funding
Jupiter, a US-based climate analytics company, has raised $54 million in a Series C funding round led by Clearvision Ventures and MPower Partners. CDPQ and the company’s existing investors, including ...
China was Second-Largest Source of Green Bond Issuance in 2020
A report released by Climate Bonds Initiative (CBI) and China Central Depository & Clearing Research Centre (CCDC Research) has said that China was the second-largest source of green bond issuance ...
US Solar Industry’s New Goal Increased from 20% to 30% of Power Generation by 2030
The Solar Energy Industry Association (SEIA) has increased its target for Solar+ Decade to account for 30% of overall power generation in the United States by 2030. The previous target ...
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report
A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
Rapid Cuts in GHG Emissions Needed to Limit Global Warming to 1.5°C: IPCC
Limiting global warming to close to 1.5°C or even 2°C will be impossible unless there are immediate, rapid, and large-scale reductions in greenhouse gas (GHG) emissions, the Intergovernmental Panel on ...
About 45% of EU Firms Have Reported Investments to Fight Climate Change: EIB Report
European Investment Bank (EIB) recently published the report "European firms and climate change 2020/2021: Evidence from the EIB Investment Survey". The report sheds light on how European Union (EU) firms ...
Daily News Wrap-Up: ADB and IIFL Home Finance to Promote Green Housing in India
Here are some noteworthy cleantech announcements of the day from around the world: Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) inked an agreement for a $1 million ...
Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020
A group of nine multilateral development banks (MDBs) have published a report on Climate Finance 2020. The report reveals that the MDBs provided a total of $66 billion towards green ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Daily News Wrap-Up: Biden Pledges to Cut U.S. Greenhouse Emission to Half by 2030
Here are some noteworthy cleantech announcements of the day from around the world: At a global summit on climate change, U.S President Joe Biden pledged to ensure that the United ...
IT Major Wipro Pledges Net-Zero Greenhouse Gas Emissions by 2040
Information technology giant Wipro Limited has pledged to achieve net-zero greenhouse gas emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C ...
Floating Solar Projects Could Help Reduce Impact of Climate Change on Lakes
According to a new study, floating solar farms could help protect lakes and reservoirs from some of the harms of climate change. Scientists from Lancaster University and the University of ...
Daily News Wrap-Up: REC Limited Raises $500 Million Through Dollar Bond Issue
Here are some noteworthy cleantech announcements of the day from around the world: State-run rural electrification company REC Limited has raised $500 million through a bond issue under its $7 ...
IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore
The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
Europe to Lead the Way in Green Energy Transition, Says MIT Report
The MIT Technology Review, in association with Citrix, Morgan Stanley, and Salesforce, has come out with a new report named the 'Green Future Index' that has ranked 76 countries on ...
Investing in Climate Adaptation Would be a Sound Economic Decision: UN Report
The UN Environment Programme (UNEP) has released a report that says nations must boost their efforts to adapt to the changing climate scenario to avoid dire consequences in the future ...
Biden Rescinds Trump’s Stand on Climate Change; US Rejoins Paris Climate Agreement
United States President, Joe Biden, signed an executive order to rejoin the Paris Climate Accord on the first day of his assuming office on January 21, 2021. The decision was ...
Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey
McKinsey & Company recently released its 'Global Energy Perspective 2021,' which states that while energy demand rebounds to 2019 levels in one to four years, it would not return to ...
South Korea’s C&I, Residential Consumers to Buy Renewables as part of RE100 Initiative
South Korea's Ministry of Trade, Industry, and Energy (MOTIE) has announced that it would allow domestic electricity consumers to purchase electricity from renewable sources as part of the RE100 initiative ...
Daily News Wrap-Up: Total’s €3 Billion Hybrid Bonds to Finance Renewables, Adani Acquisition
Here are some noteworthy cleantech announcements of the day from around the world: Indian Institute of Technology Delhi's Sustainable Environergy Research Lab at the Department of Chemical Engineering is actively ...
India Forms Committee to Oversee Implementation of the Paris Agreement
The Ministry of Environment, Forest and Climate Change (MoEFCC) has constituted a high-level inter-ministerial Apex Committee for the Implementation of the Paris Agreement (AIPA). The Secretary of MoEFCC will lead ...
Tokyo Gas Plans to Issue Green Bonds Worth ¥10 billion
In a first for the company, Tokyo Gas Company Limited plans to issue green bonds through a public offering platform. Tokyo Gas is set to issue the 10-year green bonds ...
Here is How Much Money Rooftop Solar Systems Can Save for Households
This is the second article in a series that explains all you need to know before installing a solar system on your rooftop. The first article focused on the specifics ...
Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019
In 2019, seven of the world’s largest multilateral development banks (MDBs) provided $61.6 billion (~₹4.6 trillion) in climate financing, out of which $41.5 billion (~₹3.09 trillion) was offered to low-income ...
