$12 Trillion Investment is Required for Global Renewable Energy Expansion
COP28 President Al Jaber outlined four key priorities essential for advancing climate finance: infrastructure, technology, people, and support for the Global South.
The World’s EV Fleet Continues to Grow Strongly, with 2024 Sales Set to Reach 17 Million: IEA
This represents a continuation of the robust growth witnessed in the first quarter, where sales jumped 25% compared to the same period in 2023. Notably, the number of electric cars sold in the first three months of 2024 is already roughly equivalent to all the electric car sales in 2020.
DEWA Reduces Emission By 19%, Leads Dubai’s Sustainable Drive
DEWA supports Dubai’s economic and social fabric and sets a benchmark for global sustainability aspirants. Their comprehensive approach is a role model for global cities in shaping a sustainable and resilient future.
Masdar, EGA form Alliance for Low-Carbon Aluminium
Masdar, Abu Dhabi’s Flagship Clean Energy Company, and Emirates Global Aluminium (EGA), the Largest ‘Premium Aluminium’ Producer in the World Forms Aluminium Decarbonization Alliance.
UK-India Free Trade Deal Stalled Over Carbon Tax: Report
India has proposed a variety of options, ranging from a longer transition period to a complete exemption, arguing for special consideration as a developing nation.
Dubai Flood: Is It Climate Change or Cloud Seeding?
While the exact cause remains under debate, several factors likely contributed to the extreme weather event including climate change.
GPS Renewables Secures $50 Million in Debt Financing
The company has previously raised $20 million in equity funding from Neev Fund II by SBICap Ventures, Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian Impact Investments.
Mahindra Group to Invest ₹1,200 Crore in Hybrid Renewable Energy Project
Mahindra Susten will lead the project’s development, partnering with global investor Ontario Teachers’ Pension Plan Board as a strategic partner.
Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.
Europe Launches Probe into Chinese Wind Turbine Subsidies
Margrethe Vestager, the EU’s anti-trust chief, announced the probe, citing worries that Chinese state subsidies grant unfair advantages to their wind turbine producers.