Norway is starting the world’s biggest divestment in oil and gas
The Government Pension Fund Global, which was built off Norway’s oil revenues, will begin phasing out $8 billion held in 134 firms to reduce the fund’s risk from volatile oil prices.
Climate crisis
World Bank approves $185 million for renewable energy in Bangladesh
Launched on March 1, the Bangladesh Scaling-up Renewable Energy Project will provide $185 million to add up to 310 MW in renewable energy and aims to mobilize a further $212 million in private sector investment.
Lake Region Electric Cooperative in Minnesota launches first-of-its-kind solar-wind hybrid renewable energy plant
In GE’s integrated renewable energy system, electricity from the solar panels is funneled through the wind turbine converter. The overall capacity of the system will increase by 3% to 4%, while boosting annual production by up to 10%.
The largest dairy producer in Scandinavia pledges to carbon net zero by 2050
Arla Foods have revealed ambitions to reduce greenhouse emission on dairy farms by 30% per kilo of milk over the next decade, with a goal of carbon net zero by 2050.
Australia adding one mega-solar project per month
Australia is adding one mega-solar project equivalent per month, with the current installed base of 10 gigawatts projected to double by the end of 2020. The latest mega-solar project is a 333 MW project in Griffith, New South Wales.
Honda to electrify 100% of its European sales by 2025
Honda revealed their ambition to make 100% of its European sales electrified by 2025. This has built on the vehicle manufacturer’s previous goal of two thirds electrified by 2025.
Finland to ban coal-fired power by 2029
The Finnish Parliament approved a motion last week to bring forward its ban on coal for energy use to May 1, 2029, bringing the country in line with the majority of the European Union in walking away from coal-fired power.
New offshore wind deal to triple number of ‘green collar jobs’ in U.K. by 2030
The new deal plans to increase the workforce within the sector to 27,000 by 2030, tripling the current 7,200 jobs today. The deal is in line with the strategy’s Clean Growth Grand Challenge to maximize the advantages for UK industry from the global shift to clean growth.
Carbon emissions in 18 developed economies are now falling due largely to climate policies
New research shows that carbon dioxide (CO2) emissions in a group of 18 developed economies including France, Spain, the United Kingdom, the United States, Germany, and Denmark which together represents 28% of global emissions – are declining.
Electric vehicle sales in Europe jump 67% year over year in January 2019
Fully electric vehicles (BEVs) have been flourishing. In the first month of 2019, all-electrics jumped 67% year over year (YoY), to almost 21,000 deliveries.