The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining.
About 2 gigawatts of wind power generation auctioned by the federal government since February 2017 is running behind schedule, according to BloombergNEF. That number has more than quadrupled since February, threatening to derail the nation’s renewable-energy ambitions.
"As part of Europe’s promise to become the first 'climate-neutral' continent by 2050, the region is emerging as a leader in creating standards for green investments. But the push to get its banks to back sustainable assets needs careful scrutiny."
The Spanish oil giant Repsol SA has unveiled its goal to achieve net-zero emissions by 2050. While a growing number of companies have pledged to reduce greenhouse gases from their operations, none has committed to eliminating them, until now.
This report synthesizes available analyses on the role and potential of mini-grids in Kenya and explores how this technology can help the country attain its goal of universal electrification by 2022 and also contribute to the achievement of other related development objectives.
The European Investment Bank (EIB) will cease lending for fossil fuel projects in two years, officials announced. The EIB board of directors adopted the plan after heated debate, with some countries objecting to the inclusion of natural gas in the lending ban.
At least half a dozen clean-energy companies are taking legal action against the Mexican government over changes in regulations they say reduce the value of their investments and put the country’s environmental targets at risk.
Latin America’s no. 3 economy is facing default fears following a sharp market crash and has imposed stricter capital controls to protect the peso after an election last month that saw business-friendly President Mauricio Macri beaten by opposition candidate Alberto Fernandez.