News, reviews, and insights from the climate tech world.
The UK government has announced a significant increase in its contribution to the World Bank, raising hopes for enhanced climate finance in low-income countries. At next week’s International Development Association (IDA) meeting in Seoul, the UK will pledge £1.98bn over three years—a 40% increase on its previous commitment. Anneliese Dodds, the UK development minister, emphasized […]
Yinson Renewables, the green energy arm of Yinson Holdings Bhd, has secured a senior secured green financing facility worth $59 million (£46.7 million) to advance its Matarani solar project in Peru. The funding, arranged by IDB Invest and Natixis Corporate and Investment Banking (Natixis CIB), underscores the growing commitment to renewable energy solutions in Latin […]
Small and medium-sized enterprises (SMEs) must urgently embed environmental, social, and governance (ESG) principles into their operations to remain competitive and secure long-term sustainability, Bank Negara Malaysia (BNM) has emphasized. The central bank highlighted that global ESG regulations, particularly in regions like the European Union, are increasingly shaping the business landscape. These rules are impacting […]
Sarawak is solidifying its position as a frontrunner in Carbon Capture, Utilisation, and Storage (CCUS), underlining its ambition to build a low-carbon economy and establish itself as a green energy hub in the Asia-Pacific. Speaking at the Sarawak Gas Roadmap (SGR) Summit in Kuching, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg described CCUS […]
Indonesia has unveiled ambitious plans to significantly expand its renewable energy capacity, as state-owned utility PT PLN commits to adding 47 gigawatts (GW) of renewable energy to the grid by the end of 2034. This forms part of the government’s broader push to transition towards cleaner energy sources and reduce reliance on fossil fuels. The […]
Negotiators at the COP29 climate summit in Baku face mounting pressure as the talks approach their final phase, with countries sharply divided over how much funding should be provided to developing nations to combat the effects of climate change. Yalchin Rafiyev, Azerbaijan’s chief negotiator, warned on Wednesday that “the hardest part begins now,” ahead of […]
The Net Energy Metering (NEM) scheme is transforming Malaysia’s energy landscape by enabling consumers to generate their own electricity and contribute to the national grid. Under the initiative, participants with solar photovoltaic (PV) systems can offset their energy costs and receive credits for surplus electricity supplied to the Tenaga Nasional Bhd (TNB) grid. This government-led […]
A new report from Greenpeace International and Stamp Out Poverty has proposed that taxing some of the world’s largest oil and gas corporations could provide a significant boost to a United Nations fund aimed at addressing climate emergencies. The proposal was released during the COP29 climate summit in Baku. The nonprofits advocate for a progressively […]
The United Nations’ COP climate negotiations are “no longer fit for purpose” and require sweeping changes to address the escalating climate crisis, prominent figures including former UN Secretary-General Ban Ki-moon and former UN climate chief Christiana Figueres have warned. In an open letter to the UN, they called for stricter criteria for hosting the talks, […]
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