Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
clean energy
Biden Administration orders immediate stop in financing new carbon intensive fossil fuel projects overseas
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
Bank of China must stop funding coal power plants abroad: Alliance of 35 NGOs
On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
Vineyard Wind to create first US offshore wind farm
In a development that marks the first nascence of U.S. offshore wind industry even as US President Joe Biden has pledged to support a clean energy and climate change agenda that will create millions of good-paying union jobs, Vineyard Wind… Read More ›
Renewable energy to power Amazon.com Inc’s data centers
Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›
U.S. Energy Department readies $40 billion in loan to transition towards clean energy
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
Standard Chartered commits $75 billion towards sustainable development projects
On Tuesday, Standard Chartered stated, by 2024 it will $75 billion in financing towards clean energy projects and sustainable development. The development sees Standard Chartered aligning its aspirations in support of the Paris Agreement on climate change. In a statement,… Read More ›
Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Britain wants to see sustainable tech companies grow
The Nobel Sustainable Trust along with Sustainable Technology Investors Ltd (STIL) have created a venture fund aiming to tap this new source of funding, which, in turn, is aimed at fighting the effects of climate change. Whoever said green technology… Read More ›
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