Tata Power Eyes $5.63 Billion Investment in Andhra Pradesh Renewable Projects
Tata Power Renewable Energy Ltd (TPREL) is exploring a major renewable energy expansion in Andhra Pradesh, with plans to develop 7 gigawatts (GW) of solar, wind, and hybrid projects. The initiative, representing a potential investment...
U.S. Withdraws from U.N. Climate ‘Loss and Damage’ Fund Board
The United States has officially stepped down from the board of the United Nations’ “loss and damage” fund, a mechanism designed to aid nations impacted by climate-induced disasters. The decision, confirmed in a letter from...
ICVCM Strengthens Carbon Credit Integrity with New Clean Cookstove Standards
The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved three new clean cookstove methodologies, introducing stricter requirements to enhance credibility and prevent over-crediting. The decision aims to reinforce confidence in carbon finance while...
Microsoft Expands Carbon Removal Efforts with Landmark India Afforestation Deal
Microsoft has secured 1.5 million tonnes of verified carbon removal credits from the Panna afforestation project in India, marking its largest carbon removal initiative in the Asia-Pacific region. Spanning 20,000 hectares in Madhya Pradesh, the...
Automakers Win EU Concession on Emissions Targets Amid EV Market Struggles
The European Commission has announced an extension for automakers to comply with CO2 emissions targets, shifting the compliance window from one year to three. The move, aimed at providing manufacturers with more flexibility, allows companies...
Microsoft Faces Sustainability Challenges Amid AI Growth, Reaffirms Commitment to Climate Goals
The rapid expansion of artificial intelligence (AI) has presented significant challenges for Microsoft in achieving its ambitious sustainability targets, including its goal to become carbon negative by 2030. Chief Sustainability Officer Melanie Nakagawa acknowledged that...
CarbonZero.Eco Raises $3.5 Million to Advance Biochar-Based Carbon Removal
Regenerative agriculture and carbon removal startup CarbonZero.Eco, founded by 16-year-old Harper Moss, has raised $3.5 million to support its biochar-based projects aimed at removing CO2 from the atmosphere while improving crop yields for farmers. Based...
Ingka Group Unveils Detailed Net Zero Transition Plan
Ingka Group, which operates 400 IKEA stores, has introduced a new transition plan outlining a comprehensive roadmap to decarbonize its entire value chain. The plan provides a deep analysis of emission categories such as store...
BYD and Saudi Electricity Company Sign Record-Breaking 12.5GWh Energy Storage Deal
BYD Energy Storage and Saudi Electricity Company (SEC) have signed the world’s largest grid-scale battery energy storage contract, totaling 12.5GWh. This agreement builds on their prior collaboration, which included a 2.6GWh project, bringing their combined...
SEC Acting Chair Seeks to Pause Legal Proceedings Against Climate Disclosure Rule
Acting U.S. Securities and Exchange Commission (SEC) Chairman Mark Uyeda announced today that he would request a postponement of legal proceedings against the SEC’s new climate disclosure rule, citing concerns that the rule is “deeply...
Columbia University Launches First-of-Its-Kind Climate Finance Master’s Program
Columbia University’s Columbia Climate School announced the launch of a new master’s degree program in climate finance, the first of its kind in the U.S., designed to train professionals to address the challenges and opportunities...
BNP Paribas and EIB Partner to Unlock €8 Billion in Wind Energy Investments
BNP Paribas and the European Investment Bank (EIB) have signed an agreement aimed at generating up to €8 billion in wind energy investments across the European Union. The initiative is designed to accelerate wind energy...