COP31’s 35 by 35 Electrification Pledge Hinges on Cleaner Grids, Greenly Finds
Greenly's study of the 35 by 35 electrification pledge finds the climate gain depends on clean grids: France keeps 92% of the CO2 saving, Poland 3%.
News
Green Climate Fund Approves Record $3.3bn for 2026
The Green Climate Fund approved nearly $2bn for 21 projects at one board meeting, taking 2026 approvals to a record $3.3bn and its portfolio to $22.3bn.
Global Climate Finance Hits $1.9tn a Year as UN Warns Progress Is Insufficient
UN Climate Change reports show global climate finance rose 32 per cent to $1.9tn a year in 2023 and 2024, while adaptation plans stall for lack of funding.
UK Launches £2bn Energy Wealth Fund From North Sea Tax Revenues
The UK has launched a £2bn Energy Wealth Fund within the National Wealth Fund to invest North Sea tax revenues in renewable and low-carbon energy.
Companies Report US$397bn Water Risk Exposure, CDP Finds
CDP data from more than 6,500 companies shows US$397bn in anticipated water risk exposure, with US$45bn of it sitting upstream in supply chains.
California Legalises Plug-In Solar for Renters and Homeowners
Governor Newsom has signed SB 868, making California plug-in solar systems of up to 1,200 watts legal without utility permission from 1 January 2027.
UN Climate Chief Says Renewables Saved Almost Half a Trillion Dollars in Fossil Fuel Costs
Simon Stiell says record renewables avoided almost half a trillion dollars in fossil fuel costs last year and urges tech firms to power AI with clean energy.
Türkiye Pushes Antalya Pledge to Rein In AI Energy Use at COP31
The COP31 presidency is drafting an Antalya Pledge asking AI firms to disclose AI energy use and run on clean power, alongside a 35-by-35 electrification goal.
Trump Administration Slashes US Fuel Economy Standards for Cars and Trucks
The US has cut fuel economy standards for new cars and light trucks, lowering the 2031 fleet target from about 50.4 to 34.9 miles per gallon.
Schroders Ranks 102 Climate Adaptation Activities and Finds Impact and Returns Rarely Meet
Schroders scores 102 climate adaptation activities by losses avoided and investor returns, and finds the highest-impact measures offer the weakest returns.
Climate-Vulnerable Countries Spend 25 Times More on Debt Than Climate Action
Climate-vulnerable countries spend 25 times more on debt than on climate action, with repayments taking 65% of revenue, new ActionAid research finds.
Pacific Ministers Back Stronger Early Warning Systems as El Niño Builds
Pacific ministers adopted a declaration in Tonga on stronger weather services and early warning systems, as El Niño is set to peak by early 2027.
Great British Energy Opens £30m Fund for Community Energy Projects
Great British Energy has opened £30m for community energy projects, the first part of up to £1bn meant to back more than 1,000 local clean power schemes.
US Energy Department Awards $99m to 21 Geothermal Projects
The US Department of Energy has picked 21 geothermal projects for over $99m, funding five enhanced geothermal field tests and 16 exploration wells.
Global Cooling Pledge Launches Heat Roadmap and Nature Challenge
The Global Cooling Pledge has launched a heat resilience roadmap, a nature-based cooling fund and its first Cool Leaders awards at a meeting in Singapore.
China’s CO2 Emissions Fall In Q2 2026 As Oil Use Plummets
China CO2 emissions fell 1% in Q2 2026 as oil use dropped 9% during the Hormuz crisis, the first decline driven by oil demand alone, analysis finds.
Global Emissions Hit Record 54 Billion Tonnes As US Rise Outweighs Cuts Elsewhere
EDGAR data shows global emissions reached a record 54 gigatonnes in 2025, up 0.7 per cent, as a US rise outweighed cuts in six of the 16 largest emitters.
UK Launches AI For Clean Energy Vision And Independent Review Of Grid Networks
The UK has launched an AI for clean energy vision and an independent review of AI in electricity networks, ahead of a full AI in Energy Strategy next year.
European Commission Proposes Procurement Rules That Move Beyond Lowest Price
The EU public procurement regulation would make quality criteria worth 30 per cent of every award, though green requirements stay optional for buyers.
Google Signs Record Enhanced Rock Weathering Deal With Terradot in Brazil
Google will buy methane cuts and carbon removal from Terradot in Brazil, in its largest removal deal and the biggest enhanced rock weathering project yet.