REM - Renewable Energy
REM: COP26: IKEA, Bezos and Rockefeller and multi-lateral banks pledge $10bn for green energy transition.
Global philanthropies – the IKEA Foundation, Bezos Earth Fund and Rockefeller Foundation – and development banks have pledged $10.5bn for the green energy transition and renewable energy. The pledge was made at the UN climate talks, COP26.
US to help raise $500mn a year for green bonds for developing world
The US will support raising $500mn a year to help transition developing countries away from coal-based energy and towards low and zero-carbon sources such as wind and solar power, said US Treasury Secretary Janet Yellen speaking at COP26.
Russian government approves carbon neutrality by 2060
Russia's Prime Minister Mikhail Mishustin has announced the signing of the 2050 Low Carbon Strategy, previously drafted by the Ministry of Economic Development and taking an "intensive" trajectory that implies carbon neutrality by 2060.
US President Joe Biden touts progress but also tells world he remains worried about climate change
President Biden acknowledged concerns about climate change just before he left COP26 in Glasgow to return to a Washington deeply divided on the issue.
Montenegro drafts roadmap for carbon neutrality, aiming for at least 35% reduction by 2030
COP26 finds renewed commitment to 1.5°C
The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.
RAEX-Europe updates Russian ESG ratings
Vineyard and Semco team up on two large US offshore wind projects
Vineyard Wind is partnering with Semco Maritime, a leading international service provider for offshore wind energy projects, on its 1,200-MW Commonwealth Wind proposal, planned south of Martha’s Vineyard in the Atlantic Ocean off Massachusetts.
Turkey experiences day when wind power contributed more than 20% of energy generation
New biomass-based cogeneration plant starts operation in Kosovo
India sets 2070 target for net zero
India's Prime Narendra Modi has told COP26 in Glasgow that India aims to reach net zero by 2070, by far the latest date yet set by any country.
bneGREEN: Russian miners bring surprise nugget to the surface for global carbon fight
For a world increasingly focused on global warming, the Russian mining and metals sector wouldn’t ordinarily be the first place to look for good news. But a new report says the leading companies are cleaning up their act.
Poland’s PM Morawiecki tells UN’s climate summit that tackling climate crisis must be fair to poorer countries
Kazakhstan needs to invest $650bn to achieve carbon neutrality goal by 2060 says ecology minister
Montenegro’s EPCG announces public call for individual photovoltaic projects worth €30mn
US offshore wind supply chain progresses
New Jersey’s $400m wind port has drawn bids from top renewable energy producers. The New Jersey Economic Development Authority (NJEDA) has received 16 offers from six large turbine manufacturers and offshore wind developers to become tenants.
US advances offshore wind again
The US Department of the Interior (DOI) is proposing a lease sale for offshore wind energy development off North and South Carolina. It will also further assess commercial interest in wind energy leasing in the Gulf of Mexico.
Enel Russia grows revenues 22% in 3Q21
Mixed outlook for COP26 as leaders embark on search for agreement
COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.
Biden must convince COP26 that the US can lead on climate
As the UN climate talks at COP 26 in Glasgow get under way, President Joe Biden has a tricky task. He wants to try to position the US as a global leader on the issue, but his own climate plan is held up in a deeply divided US Congress.
Elkem tests the world's first carbon capture pilot for smelters
Norway’s Elkem, which produces silicon-based materials, has tested the world’s first carbon capture pilot for silicon smelters at its plant in Rana, Norway.
Erdogan reportedly pulls out of COP26 after security downgrade
British organisers said to have put restrictions on size of Turkish delegation and motorised vehicles.
Turkey signs MoU for $3.2bn of Green Climate Fund loans
Only 2.1% of Bosnia's electricity comes from wind and solar
North Macedonia to set up strategic green investment fund
Climate change to cause devastating migration levels in Africa
Africa is set to be hit the hardest by climate change, with up to 86mn Africans migrating within their own countries by 2050, the World Bank has warned in its new Groundswell Africa report.
Total Eren signs MoU with Kazakhstan on 1 GW project
China firms ups plans to reach peak emissions by 2030
China has outlined details of its plans to bring carbon emissions to a peak before 2030 as part of its wider strategy of reaching net zero by 2060, Reuters reported.
Alliance of CEOs urge governments to meet 1bn tonne reduction target by 2030
A list of 91 corporate CEOs have signed an open letter to world leaders committing themselves to meeting the Paris Agreement’s climate change targets and to reduce emissions by more than 1bn tonnes per year by 2030.
$1 trillion solar investment target set as costs fall
The International Solar Alliance (ISA) and Bloomberg Philanthropies are to lead efforts to mobilise $1 trillion in global investment for scaling up solar energy across ISA member countries.
China maintains 2060 date for carbon neutrality
China aims to reach peak emissions before 2030 and to achieve carbon neutrality before 2060, although it has refused to commit to any earlier dates.
China adds 25.56 GW of new solar capacity so far in 2021
China installed 25.56 GW of new solar capacity in the first nine months of 2021, according to official figures released by the National Energy Administration (NEA).
Foresight Group seals 200-MW Dutch geothermal deal
UK-listed private equity infrastructure investor Foresight Group Holdings aims to build 200 MW of geothermal heat capacity in the Netherlands through a joint venture with 85 Degrees Renewables.
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