The UK government announced plans to invest £960 million (USD$1.2 billion) in green industries aimed at accelerating manufacturing in key net zero sectors, in addition to a new series of significant reforms designed to rapidly boost the capacity of its electricity grid to address energy transition needs over the coming decades. The new £960 million investment will be provided through…
Lawmakers in the European Parliament voted 448-65 to set up a certification system for the quantification, monitoring and verification of carbon removals, aimed at increasing their use, while building trust with high quality carbon removals, and countering greenwashing. The vote establishes Parliament’s negotiating position with the EU Council on the European Commission’s proposal for a certification framework. Launched late last…
Netherlands-based cooperative bank Rabobank today announced today the launch of a new North American renewable energy team, including the appointments of new senior bankers and energy transition-dedicated analysts. Rabobank said that the new team, which now includes 30 professionals focused on the energy transition, will help fuel its broader growth and sustainability strategy in North America. Greg Hutton, Head of…
Integrated container logistics company A.P. Moller – Maersk announced today a major fuel purchase agreement with China-based clean energy company Goldwind, for the offtake of 500,000 tonnes per year of green methanol, beginning in 2026. According to Maersk, the deal marks first large scale green methanol offtake agreement for the global shipping industry, and will enable low carbon operations for…
Lawmakers in the European Parliament voted 462-134 for a resolution outlining its delegation’s position at the upcoming UN COP28 Climate Conference, which includes a call for the end of fossil fuel subsidies globally by 2025. COP28 is set to take place in Dubai from November 30 to December 12. In addition to calling all for an end to all direct…