China asks European Union to justify carbon border tax
China has insisted that the European Union’s (EU) carbon border adjustment mechanism (CBAM) is not compliant with global trading rules. It has asked the EU to justify its incoming carbon border tax at the World Trade Organization (WTO). This move suggests that China may challenge the law at Geneva’s trade courts. According to China, environmental […]
UK to invest heavily in clean energy infrastructure
The UK plans to reset its decarbonization and energy security plans through a £20bn investment in carbon capture and clean energy infrastructure. This ambitious response from the UK is intended to reassure investors who want to invest in crucial net-zero technologies such as electric vehicles (EVs) and carbon capture and storage (CCUS) projects. The proposed […]
Tidal Power Project could power 1 million homes in U.K.
Authorities in Liverpool in the U.K. want the river Mersey to be home to a huge tidal power project, thereby playing a pivotal role in the country’s sustainable future. Initial proposals for a tidal barrage spanning the Mersey were made as far back as 1924. An agreement with the Korea Water Resources Corporation was signed […]
China looks to curb carbon emissions as the economy rebounds
Chinese Premier Li Keqiang said China would continue cutting the emission of major pollutants and also the energy intensity. The Chinese Premier wanted the country to focus more on green development and promote efficient and intensive use of resources. China aims to be carbon neutral by 2060, and to realize this target; it must integrate […]
Climate Start-Ups feel the heat from the SVB collapse
Companies developing solutions for the climate crisis were among the top casualties of the Silicon Valley Bank (SVB) collapse. The bank worked with more than 1,550 technology firms involved in solar, hydrogen, and battery storage projects. This development will adversely affect efforts to cut down on the emission of greenhouse gases that are dangerously heating […]
Carbon-free sources supplied 40% of US energy output in 2022
An all-time high of over 40 percent of the US total energy output was supplied by carbon-free sources in 2022. The majority of this increase comes from renewable sources of energy such as wind and solar. Construction of renewables facilities in the US in 2022 has slowed slightly when compared to previous years. Nuclear power […]
The $52.6 billion plan to save NYC area from coastal storms
The U.S. Army Corps of Engineers believes it will take around $52.6 billion to protect the New York City area from coastal storms. The funding for this plan will need approval from the U.S. Congress. While 65% of the funding will come from federal sources, the remaining 35% will come from nonfederal sponsors. This plan […]
HSBC provides green loan to technology firm Ampd Energy
The London-headquartered lender HSBC has granted a green loan to Hong Kong-based climate-mitigation technology firm Ampd Energy. By financing clients’ emissions reduction projects, HSBC hopes to fight global warming. Ampd Energy will use the funding to deploy giant batteries at construction sites to help construction firms and property developers slash their carbon footprints. The salient […]
Carbon-neutral energy sources are the need of the hour
As the world shifts away from fossil fuels towards more carbon-neutral energy sources, it has become important to understand why these energy sources are called carbon-neutral. Renewable energy projects are designed to lead to a greener, healthier, and more sustainable planet. It is also important to be aware of companies that try to make a […]
Nissan raises global electric vehicles sales goals
Japanese automaker Nissan is planning to catch up in the electric vehicles (EV) market by boosting its electrified car sales goals and increasing power train production in the U.S. Nissan has been a pioneer in the EV industry but has struggled lately in the face of increasing competition from several new entrants. Nissan’s plans for […]
