This is what the first 20 episodes of Bloomberg Green’s Zero podcast tell us about the future of climate action. A lot happened in 2022, with Russia’s war on Ukraine throwing a spanner into a global economic machine that was just getting back into gear. And, as has become a recurrent theme on our warming […]
G-20 GO BIG ON CLIMATE VOWS BUT POLICIES AT HOME LACK PUNCH – EQ Mag Pro
Meaningful domestic efforts to achieve CO2 reductions remain elusive, despite unprecedented commitments to address climate change made pre-COP26. London : No G-20 government has implemented sufficient and concrete policies to match the promises to tackle climate change made at COP26 in Glasgow last year, according to a new report from research group BloombergNEF (BNEF). The […]
Bloomberg Philanthropies and Goldman Sachs Deploy $25 Million to Advance Clean Energy Solutions In South and Southeast Asia – EQ Mag Pro
Managed by the Asian Development Bank, New Climate Innovation Fund Will Accelerate Pace of Climate Solutions – Starting with India and Vietnam NEW YORK, NY : Today, Bloomberg Philanthropies and Goldman Sachs announced the launch of the Climate Innovation Fund to support sustainable low-carbon economic development with a focus on South and Southeast Asia to […]
World’s Biggest Wealth Surge Heralds Rise of India’s Next Ambani
After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, […]
INTEGRATED EUROPEAN MAJORS LEAD ON PREPAREDNESS FOR A LOW-CARBON WORLD AMONG 39 GLOBAL O&G COMPANIES
Yet Bloomberg Climate Transition Scores supported by BloombergNEF and Bloomberg Intelligence research show oil and gas industry remains far from transition-ready. New York and London, March 24, 2021 – European oil companies, including Total, Galp, Equinor, BP and Royal Dutch Shell lead a group of the 39 most publicly-traded oil and gas companies in preparedness […]
Nidec to Supply Motors for Foxconn’s Electric-Vehicle Initiative
Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle. Nidec and Foxtron Vehicle Technologies have signed a memorandum of cooperation and will demonstrate the initial results of […]
SSE, Equinor Kick Off Stake Sale in Biggest Wind Farm at Sea
SSE Plc and Equinor ASA plan to put a stake up for sale in what will be the world’s biggest offshore wind farm off the coast of the U.K. Offshore wind farms, some of the biggest renewable power plants, are in increasing demand from financial investors and energy majors looking to diversify their businesses…Read More…
Generate Capital Starts Credit Unit to Finance Clean Technology
Generate Capital Inc. is starting a division that will provide credit to technology companies and project developers, expanding its lending strategy to fund sustainable infrastructure. The Generate Credit Platform will target loans to areas such as renewable power, energy efficiency, electric mobility and waste management, according to a statement Thursday. The San Francisco-based company has […]
Iberdrola Raises Bet on Japanese Offshore Wind Market
Iberdrola SA added to its growing portfolio of global offshore wind projects with its latest acquisition off the coast of Japan. The Spanish utility will develop the 600-megawatt Seihoku-oki wind farm with Japanese developer Cosmo Eco Power Co Ltd and Hitz engineering, the company said in a statement. It grows Iberdrola’s overall pipeline in Japan […]
India considers net-zero goal around 2050, a decade before China
Officials close to PM Narendra Modi are working with senior bureaucrats and foreign advisers to consider ways to meet the 2050 deadline. A 2047 target is also being considered, they said, to mark the centenary of India’s independence from British rule Top Indian government officials are debating whether to set a goal to zero out […]