Amazon earmarks USD 2 billion in venture capital for Climate Pledge Fund
Jeff Bezos’s online retail empire is accelerating its efforts toward carbon neutrality. Amazon decided to invest USD 2 billion in visionary projects in the first phase of its Climate Pledge Fund. Amazon has released its annual report on sustainability and said it is setting aside USD 2 billion for the initial investment in its Climate […]
Join EBRD webinar to rethink district energy systems in COVID-19 age
European Bank for Reconstruction and Development (EBRD) is organizing a live session titled “Resilient, low carbon district energy in the age of COVID-19” on June 30. Following the success of the EBRD’s conference on district heating and cooling systems organized in Belgrade last December and the publication of the paper COVID-19: Challenges and opportunities in […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]
Global Wind Day: Sweden’s Vattenfall to build world’s biggest offshore wind farm
Swedish state-owned multinational power company Vattenfall has made the final investment decision on building the world’s biggest offshore wind farm, Hollandse Kust Zuid, with a capacity of 1.5 GW. The announcement comes ahead of Global Wind Day, June 15. Vattenfall said that the future wind farm, located in the Dutch North Sea, is targeted for […]
Climate targets warrant closure of all gas, coal power plants soon, study shows
If solutions to turn emissions negative aren’t scaled up substantially in the mid-term to cap global warming, there is little choice but to decommission facilities for the production of electricity from fossil fuels at roughly half of their lifespans. International climate treaties and goals imply gas and coal power plants must be decommissioned 10 to […]
India awards USD 6 billion solar power contract to Adani Green Energy
India’s state renewable energy agency SECI has awarded a USD 6 billion contract to domestic renewables company Adani Green Energy Limited to develop a total of 8 GW of solar power projects over five years and set up solar cell and module manufacturing capacities totaling 2 GW. The first 2 GW of generation capacity will […]
Electric vehicle prices declining as average range goes up
The prices of electric vehicles have been declining, while their average range has grown, making them more attractive to customers, according to a report by Lux Research, a US-based provider of tech-enabled research and advisory services. Battery electric vehicles (BEV) are consistently making progress on how far they can go, with the average range now […]
World Oceans Day 2020: Exploring innovation to protect oceans
The United Nations (UN) is celebrating this year’s World Oceans Day focusing on innovative solutions from around the globe that can help ensure a sustainable management of the world’s oceans amid unprecedented threats they face due to human activity. The UN’s virtual conference marking World Oceans Day 2020, to be followed by events throughout World […]