Climate
Global energy transition investment exceeded $2 trln last year, report shows
Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.
Global energy transition investment exceeded $2 trln last year, report shows
Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.
Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal
By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...
Wind, not nuclear, is the best way to meet Sweden’s climate goals, leading think tank says
STOCKHOLM (Reuters) – The cheapest way for Sweden to meet its expected rise in demand for electricity and goal of net zero emissions...
US to withdraw from climate deal on Jan. 27, 2026, says UN
UNITED NATIONS (Reuters) – The United States will withdraw from the Paris climate agreement on Jan. 27, 2026, the United Nations said on...
COP30 in Brazil set to spotlight developing countries’ climate finance needs
COP30 host Brazil urges rich nations to boost climate funds amid U.S. Paris exit; $300B pledged falls short of $1.3T needed.
Lesotho’s king pitches green energy to Davos elites
King Letsie III of Lesotho urges global leaders in Davos to invest in his nation's green transition.
Parts of tundra releasing more carbon than they absorb: study
Parts of the Arctic tundra are now releasing more planet-warming gases than they absorb, an international study published Tuesday suggests, upending a millennia-old...
India’s NMDC to extract diamonds worth $3.4 million from mine near tiger reserve
NMDC in India is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near...
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Biden administration moves to protect more of Alaska refuge from drilling
Biden moves to protect more of Alaska's ANWR from drilling, complicating Trump's pro-oil development plans.
Global green energy push likely to continue despite Trump climate retreat: UN
Donald Trump’s decision to withdraw the United States from the Paris climate agreement should not slow the global momentum towards renewable energy investments...
Opinion: India’s lower coal imports mean bad news for power emissions
By Gavin Maguire LITTLETON, Colorado (Reuters) -India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before,...
Global energy transition investment exceeded $2 trln last year, report shows
Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.
Britain submits plans to hit emissions-cutting target
Starmer raised Britain's climate targets at COP29, pledging to cut greenhouse gas emissions by 81% by 2035.
Australia says reliance on coal-fired power drops to record low
Renewable energy sources supplied a record 46 percent of electricity in the quarter third, peaking at 75.6 percent on November 6.
Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal
By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...
Parts of tundra releasing more carbon than they absorb: study
Parts of the Arctic tundra are now releasing more planet-warming gases than they absorb, an international study published Tuesday suggests, upending a millennia-old...
Insurance access for US homeowners with higher climate risks declines
Homeowners in areas with the highest climate-related risks saw declining access to insurance, a Treasury Department report said.
State auditor questions utility SoCal Edison’s fire risk modeling
Fire officials have not found SCE to be responsible for the fires, but the company's infrastructure is being investigated.
Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
Wildfires in California affect the insurance business in Hawaii because insurance companies buy reinsurance — insurance for themselves.
Global temperatures this year to rival 2024’s record-breaking heat: climate officials
Global temperatures in 2025 are forecasted to rival 2024's record-breaking heat, highlighting the urgency of climate action.
California utility faces billions in claims for fire damage even if it did nothing wrong
California wildfire victims leverage "inverse condemnation" to hold Edison liable for fire damages, even without negligence.
Biden administration moves to protect more of Alaska refuge from drilling
Biden moves to protect more of Alaska's ANWR from drilling, complicating Trump's pro-oil development plans.
Nepal’s top court bars infrastructure in protected areas
After decades of rampant logging, Nepal also nearly doubled its forest cover between 1992 and 2016.
Alaska wildlife refuge drilling auction yields no bids, US says
The congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids from energy companies.
Alaska sues Biden administration over oil and gas leases in Arctic refuge
Alaska sues Biden administration over restrictions on Arctic refuge drilling, claiming violations of Congressional mandates.
Agency approves expanding Okefenokee wildlife refuge, setting up possible buyout of mining project
Federal agency approves 22,000-acre expansion of Okefenokee Swamp refuge, potentially blocking controversial mining project.
Exposed utility wires may have contributed to LA’s Eaton Fire, law firm says
The Eaton Fire was among the biggest of multiple wildfires that erupted on Jan. 7 and spread quickly in the Los Angeles area.
Hawaii lawmakers vow to stabilize property insurance market as climate change fuels higher premiums
Wildfires in California affect the insurance business in Hawaii because insurance companies buy reinsurance — insurance for themselves.
Edison utility sued over role of equipment in LA wildfires, Bloomberg News reports
Edison International faces a lawsuit over California wildfires, alleged to be sparked by its equipment, shares drop 13 per cent.
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
Insurers are expected to face catastrophe-related claims worth billions of dollars from the LA wildfires.
Californian utility SoCal Edison shuts power to over 114,000 customers due to wildfire risk
Southern California Edison cut power to over 110,000 customers amid wildfires threatening 30,000 homes in the Los Angeles area.
Trump says US ‘pretty close’ to minerals deal with Ukraine
NATIONAL HARBOR, Maryland (Reuters) – President Donald Trump said on Saturday the United States is close an agreement with Ukraine on sharing revenue...
EU to pare back sustainability rules for companies, draft shows
By Kate Abnett and Virginia Furness BRUSSELS/LONDON (Reuters) – The European Commission plans to cut back the number of companies facing EU sustainability...
BMW says it will review timing of electric Mini production in UK
LONDON (Reuters) – BMW said on Saturday it is rethinking its timetable for manufacturing all-electric Mini cars in Britain, citing uncertainties facing the...
China’s EV maker XPeng eyes doubling global presence by year’s end
One of China’s leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by the end...
Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says
(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian...
US energy council chief says power plants to produce 15% more electricity
By Valerie Volcovici WASHINGTON (Reuters) – U.S. Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called...
Cuba opens solar park hoping to stave off blackouts
Cuba on Friday unveiled a new solar energy park in the capital Havana, part of an ambitious project to alleviate the communist island’s...
German flying taxi start-up’s rescue deal collapses
A German flying taxi start-up said on Friday it would halt operations after a deal to rescue it fell through, the latest turbulence...
Electric transport groups urge EU not to ease CO2 emission rules
By Alessandro Parodi and Philip Blenkinsop (Reuters) – The European Union should reject European automakers’ push to weaken 2025 CO2 car emission targets...
Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes
By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices climbed on Friday to their highest levels in more than four...