The 2019 law, agreed between Merkel’s conservatives and their Social Democrat (SPD) coalition partners after much wrangling, includes a commitment to reduce CO2 emissions by at least 55 percent by 2030 from 1990 levels. It also has a goal of emitting almost no CO2 by 2050. Options to reduce emissions include expanding renewable energy and […]
Climate Change
Google Advances Green Goal With AES Deal for Carbon-Free Power
Google Advances Green Goal With AES Deal for Carbon-Free Power. Google’s moving forward with its goal of becoming carbon-free by the end of the decade after AES Corp. agreed to supply the tech giant with renewable energy to power its data centers in Virginia…Read More…
Climate crisis not America’s fight alone, but global one: Biden
Biden has rejoined the landmark accord soon after assuming office in January.Under the Paris agreement, each country has to set its own emission-reduction targets, known as national determined contributions and the pacts goal was to limit global warming to well below 2 degrees Celsius. I kept my commitment to convene a climate summit in America […]
Salesforce acts on climate, requiring suppliers to set carbon goals
Salesforce.com Inc on Thursday said its supplier contracts will now require companies that do business with it such as airlines to set carbon-reduction goals and deliver products and services on a carbon-neutral basis, making it the latest U.S. company to take steps to address climate change. Slashing carbon emissions is considered key to stemming global […]
Japan utility gets OK to restart 3 old nuclear reactors
Economy and industry minister Hiroshi Kajiyama welcomed the decision, saying it will contribute to a reduction in carbon emissions, since power from the reactors will allow a reduction in the use of fossil fuel-fired plants. A Japanese utility received local consent on Wednesday to restart three aging nuclear reactors, clearing the final hurdle needed to […]
Clifford Chance advises CMI Energía on US$700 million green bond and US$300 million syndicated loan facility
New York: Leading international law firm Clifford Chance has advised CMI Energía, the renewable energy business unit of agro-industrial conglomerate Corporación Multi Inversiones (CMI), on the refinancing of approximately US$1 billion in existing project finance debt owed by its subsidiaries in Guatemala, Honduras, Nicaragua, Costa Rica, El Salvador and the Dominican Republic. The transaction involved […]
Farmers struggle to break into booming carbon credit market
When Microsoft Corp made a massive purchase of carbon credits in January, it turned to a relatively new source: farmers who plant crops meant to trap carbon in the soil. The credits are financial instruments generated by projects that reduce or avoid the release of greenhouse gases, such as solar farms or tree plantings. When […]
Global carbon emissions set for second-biggest increase in history: IEA
This will be the biggest annual rise in emissions since 2010 during the carbon-intensive recovery from the global financial crisis. Paris: Global energy-related carbon dioxide emissions are on course to surge by 1.5 billion tonnes in 2021 – the second-largest increase in history – reversing most of last year’s decline caused by the COVID-19 pandemic, […]
Germany, China To Increase Cooperation On Climate Change
BERLIN (AP) : Germany and China agreed Monday to step up their cooperation in combating climate change in an effort to help keep global temperatures from rising by more than 1.5 degrees Celsius (2.7 Fahrenheit) by the year 2100. Countries are running out of time to achieve that target, laid down in the Paris agreement […]
Partnership with India to achieve climate, energy goals core pillar of bilateral cooperation: Biden
Biden made the comments a day after India and the United States announced a “US-India Climate and Clean Energy Agenda 2030 Partnership” to create stronger bilateral cooperation on actions in the current decade to meet the goals of the Paris Agreement. New Delhi: US President Joe Biden on Friday said that he is looking forward […]