Democrats’ budget package passed by the Senate
The election-year economic package pushed by the Democrats was a hard-won compromise, less ambitious than President Joe Biden’s initial domestic vision. Still, it achieved the party’s long-standing objectives of reducing global warming, bringing down drug prices, and taxing large corporations. Astonishingly, what had appeared to be a lost and failed endeavor that unexpectedly roared back […]
Singapore’s launching its inaugural green bond
According to a statement from the Monetary Authority of Singapore, the Government of Singapore will launch its first green bond offering this week, beginning an S$35 billion (US$25 billion) multi-year green bond program with an inaugural issuance of at least S$1.5 billion (MAS). The offering will be: Employed to assist the nation’s most recent sustainable […]
German green heating scheme approved by EU
The German government’s 3-billion-euro plan to promote waste heat and renewable energy-based district heating programs has been approved, according to the European Commission, which claimed it would help the EU and Germany meet their climate change goals. The 2.98 billion euro program would support green energy by providing government funding through 2028 to projects that […]
Manchin’s pitches Democrats’ tax-climate bil
The Democratic Party’s new tax, climate, and drug bill was drafted by Senator Joe Manchin, who publicly urged his colleague Kyrsten Sinema to support it by pointing out that it doesn’t raise taxes. In a series of Sunday political talk show appearances, Manchin made his case for the proposed Inflation Reduction Act, arguing that it […]
Iberdrola’s future plans for wind and solar projects
The development of a portfolio of wind farms and photovoltaic parks in Spain will be financed in part by a new €550 million green loan agreement between the European Investment Bank (EIB) and global energy and electricity provider Iberdrola, the company said recently. It further added that the portfolio will have a projected capacity of […]
Politics in the way of Biden’s promise
After four years of Donald Trump’s bull-in-a-china-shop foreign policy, President Joe Biden reassured the rest of the world shortly after taking office that the United States could once again be relied upon. But unfortunately, hopes that Biden might quickly restore the United States to its absolute position as a global leader have been dampened by […]
Australia’s new emission target
Australian Prime Minister Anthony Albanese has announced that his administration will introduce 18 pieces of legislation when the new parliament meets this week for the first time since Labor took power in light of the deteriorating economic situation and the significance of addressing climate change. Before the Australian parliament met in Canberra, Albanese gave a […]
President Joe Biden’s green energy agenda in the red
President Joe Biden’s green energy strategy could be hampered on federal lands in the blue-leaning, Western swing state of Nevada by opposition from allies rather than adversaries. Conservationists, tribes, and other individuals who would support Biden’s attempts to hasten the switch from fossil fuels to renewables oppose two lithium mines and a geothermal power plant […]
Political issues stalling climate change policies
Maricopa County, Arizona, summers have gotten intolerably hot. Phoenix residents were preparing for the fire season as smog and haze hung heavy over the city, adding to the soaring temperatures and air pollution. Sen. Joe Manchin, a Democrat from West Virginia, is being criticized by some environmentalists and Democrats for not doing enough to address […]
EU on the carbon market fundraising plan
Countries in the European Union are examining alternatives to the EU’s idea to create a carbon market reserve to help finance their departure from Russian gas. Otherwise it would jeopardize the bloc’s climate change strategy. To reduce the EU’s reliance on Russian gas this decade, the European Commission published its plans in May. One of […]
