Norway’s trillion-dollar oil fund to divest from 150 oil and gas firms

In total, the fund is expected to remove $12bn of fossil fuel investments and plough up to $20bn into renewable markets

Five low carbon vehicle projects land £33m of new funding

The money will be spread among a total of 32 companies and is expected to help create 2,230 research and manufacturing jobs

Michael R. Bloomberg commits $500m to shutting down US coal by 2030

The former New York City Mayor has launched the Beyond Carbon campaign, which he claims is the largest ever movement to tackle climate change in the nation

The world’s biggest businesses ‘face trillion dollars in climate risk’

A new report from CDP suggests many of these impacts are likely to take effect within the next five years

Glennmont Partners raises €850m in clean finance round

The alternative energy investment firm originally aimed to raise €600 million with the fund

Automation and AI
Energy sector ‘is underestimating the value of AI and automation’

A new report from the Capgemini Research Institute suggests intelligent automation in the sector could save up to $813 billion over the next three years

Gravity storage
Concrete giant CEMEX invests in gravity storage tech

CEMEX’s venture capital arm has invested an undisclosed sum in Energy Vault, which uses concrete block towers to store renewable power

Green finance
World Bank announces €1.5bn Sustainable Development Bond

The organisation says it has made an application for it to be listed on Ireland’s stock exchange

Wind turbine
Ørsted to fund new wind infrastructure with green bonds

The wind energy developer says the finance round will help fund projects including the Hornsea Two project

Clean energy and transport projects win share of €4bn EU fund

Grants are being provided for electric buses and trams, wind farms and energy efficiency projects