Energy Transition

FIs strengthen climate policies for oil and gas

ING stops funding new oil fields and Zurich expects credible climate transition plans.

Melodie Michel

20 September 2024

COP29

COP29: Azerbaijan wants fossil fuels to fund climate adaptation

Azerbaijan’s energy agenda for this year's COP has been met with scepticism.

Melodie Michel

17 September 2024

Policy & Standards

Investors managing US$29 trillion call for stronger climate policies – including carbon pricing

Yet it’s estimated that only 1% of global emissions are currently priced high enough to meet the goals of the Paris Agreement.

Melodie Michel

17 September 2024

Transition Finance

Wells Fargo begins developing transition finance framework

Banks could generate US$44 billion of extra revenue annually through 2030 by financing the climate transition.

Melodie Michel

03 September 2024

Policy & Standards

SBTi calls for no new fossil fuel installation from 2030 to decarbonise buildings

Companies setting SBTi-approved targets in the construction sector shall also reduce operational and embedded emissions.

Melodie Michel

29 August 2024

CSO Futures Weekly

CSO Futures Weekly: US climate policies hang in the balance

New policies are lowering emissions in the US, leaders question UN ambition on fossil fuels and Aussie corporations bet on carbon credits...

Melodie Michel

15 August 2024

Fossil fuels

Nobel winners and former presidents slam lack of fossil fuel mention in UN pact draft

"Another stark failure to confront one of the greatest threats to our planet and humanity."

Melodie Michel

14 August 2024

Climate litigation

UK quashes new oil drilling project following landmark ruling

The move is in response to a landmark judgment from Britain’s highest court ruling that planning authorities must also consider the impacts of burning – not just extracting – fossil fuels when deciding whether or not to approve projects.

Olivia Peluso

11 July 2024

Operations & Finance

Lufthansa Group adds fee to cover EU sustainability regulations

The Lufthansa Group is introducing an environmental surcharge to all flights departing from the EU, the UK, Norway, and Switzerland, saying it could not bear the additional costs generated from soon-to-be enacted sustainability regulations.

Olivia Peluso

26 June 2024

Energy Transition

TotalEnergies, EnBW win offshore wind site for US$3.2 bn

TotalEnergies and EnBW won a 2.5 gigawatt (GW) German offshore wind site in an auction for a combined $3.2 billion.

Olivia Peluso

21 June 2024