Korea commits $9m for global climate smart initiatives

Korea will work jointly with the IFC to deploy resources in targeted ways that deliver on the new climate ambitions of their partnership

EU invests €122m to help bring low carbon technologies to market

Technologies including hydrogen, energy storage and renewable energy will be supported, with the aim of deploying them in energy intensive industries

Merchant onshore wind is ‘unviable and will not lead to mass capacity’

A new report claims fully merchant onshore wind is not financially worthwhile for investors

Sustainable investments make up a third of all global assets

This is a 15% overall increase since 2018

Canada provides $3.3m to boost climate awareness and action among young children

Earth Rangers aims to engage 300,000 children aged six to 12 across Canada through collective action at home, school and in their communities

‘The free market is crucial to tackling climate change, not green protectionism’

A new report claims free markets are essential to tackling climate change, as they enable free-flowing information and an increase in green technology and foreign investment in the UK’s low carbon economy

UK greenlights one of Sellafield nuclear site’s ‘biggest ever’ construction projects

The Sellafield Product and Residue Store Retreatment Plant will treat and store historic nuclear waste for at least 100 years

Svevind inks deal for green hydrogen in Kazakhstan

The German developer aims to produce 3m tonnes of green hydrogen a year at farms across Kazakhstan

Amazon becomes ‘largest renewable energy buyer in US’

In total, the multinational has invested in more than 6GW of renewable energy across the US through 54 projects

GM to motor up EV investments by $35bn

The commitment represents a 75% increase from its initial pledge made before the pandemic