The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired energy plants in the Netherlands by 2030, a Dutch court ruled on Wednesday. RWE owns two of the current four …
Countries closed this year’s U.N. climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by climate disasters, even as many lamented its lack of ambition in tackling the emissions causing them. …
Australia’s corporate watchdog is investigating several companies and financial institutions for “greenwashing,” or exaggerated claims regarding environment-friendly investment and products, a senior official said on Tuesday. The Australian Securities and Investment Commission (ASIC) has been increasing its oversight of climate-related …
France’s TotalEnergies said on Thursday it would take legal action after environmental group Greenpeace France said it had under-reported its carbon emissions in 2019. Greenpeace France earlier accused the oil giant of under-reporting emissions, sparking a debate about its seriousness …
A coalition of financial firms led by former Bank of England Governor Mark Carney has called on G20 governments to raise their climate ambitions and set out more detailed plans to decarbonize their economies. The Glasgow Financial Alliance for Net …
Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to heat up between 2.1 and 2.9 degrees Celsius by the end of the century compared to pre-industrial times, according to …
Companies are increasingly trying to keep their climate pledges away from public scrutiny. The phenomenon, known as green hushing, has become pervasive even as businesses set more ambitious internal targets, according to a survey by South Pole, a climate consultancy …
When it comes to net-zero, a lot of companies are more talk than action. That’s the conclusion of a new report from Climate Action 100+, an investor alliance with combined assets of more than $68 trillion, which shows that promises …
Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological Organization warned on Tuesday, with a senior official saying that climate change poses as big a threat to global energy security as the …
Standard setters must work faster to avoid hardwiring differences between their finalized climate-related company disclosures, which would fragment markets, the G20’s Financial Stability Board (FSB) said on Tuesday. To help meet net-zero carbon emission targets, companies face mandatory rules on …
