India approves massive new 5,000 megawatt solar farm
India’s federal government recently gave the go-ahead for development of the country’s largest solar power park in the state of Gujarat.
Sustainability
Hilton plans to halve its environmental footprint by 2030, while also doubling its social impact investments
The hotel giant, which comprises brands like Embassy Suites and DoubleTree, wants to halve its environmental footprint by 2030, while also doubling its social impact investments.
Scotland sets target of cutting greenhouse gases by 90% by 2050
The Scottish government also said it would have a new interim target for 2020 of a 56 per cent cut compared with the existing goal of 42 per cent.
Global carbon market increases by 56% in one year, says World Bank
The report, launched today, finds that there are currently 51 carbon pricing initiatives around the world, consisting of 25 emissions trading schemes and 26 carbon taxes.
Pivot Power to build ‘world first’ battery network in the U.K.
Pivot Power unveiled plans to build the world’s first national network of grid-scale batteries and rapid-charge stations across the U.K. to accelerate electric vehicle adoption.
Cheap renewable energy is killing India’s coal-based power plants
Renewable energy prices in India are crashing, leaving coal-based power plants in the country financially unviable in their wake.
Two thirds of E.U. cities have climate change plans
66% of EU cities have a mitigation or adaptation plan in place. The top countries were Poland — where 97% of cities have mitigation plans — Germany (81%), Ireland (80%), Finland (78%) and Sweden (77%).
E.U. bank to invest €300 million in Chinese climate projects
The €300 million investment, signed with the Export-Import Bank of China (Eximbank), will be used on a range of climate projects, including sustainable transport, energy efficiency, renewable energy, and water infrastructure.
Brazil’s solar capacity expected increase by 358% in 2018
Brazil now has 320 MW of distributed solar generation, a sector which grew 270% in 2016, 304% in 2017, and is expected to increase by 358% in 2018.
Lloyds Bank launches £2bn green business lending drive
The company said its aim is to deliver the “most inclusive” green funding in the market, providing businesses with discounted lending to help them invest in measures that curb environmental impacts and boost productivity.