News
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
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
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
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
World Bank’s IFC to invest in Senegal’s cement manufacturer
To give a boost to low-carbon production, the World Bank’s investment arm, the International Finance Corporation (IFC), has said that it would invest $256 million
EV leasing company Tusker acquired by Lloyds Bank
To further its net zero aims and grow its vehicle leasing business, UK bank Lloyds Banking Group announced the acquisition of EV-focused vehicle management and
Outdated energy grids – A climate problem
Presently, 32% of carbon dioxide emissions in the U.S. come from power generation, primarily from utilizing fossil fuels. Fossil fuels like coal and natural gas
Climate reparations falling short in preventing damage
With decarbonization, carbon capture, and storage, nations have been exploring measures to tackle climate change, enabling businesses and governments to engage in environmental projects in
Tesla’s vow to make 7,500 Tesla chargers available for all
By 2030, the Biden administration hopes that at least 500,000 electric vehicle chargers will be available on US highways. To make it a reality, a
