A group of U.S. senators announced a new federal legislation that would require the biggest polluters — mostly mega-wealthy oil companies — to begin helping foot the bill to address the climate crisis. The Polluters Pay Climate Fund Act is based on a simple premise: Polluters should pay to help clean up their mess, and those who pollute the most should pay the most.

The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some downstream natural gas facilities in poor countries.

The new guidance from the Treasury, the largest shareholder in major development banks including the World Bank Group and the African Development Bank, prioritizes financing for renewable energy options and "to only consider fossil fuels if less carbon-intensive options (are) unfeasible."

A group of U.S. senators announced a new federal legislation that would require the biggest polluters — mostly mega-wealthy oil companies — to begin helping foot the bill to address the climate crisis. The Polluters Pay Climate Fund Act is based on a simple premise: Polluters should pay to help clean up their mess, and those who pollute the most should pay the most.

Solar farms are often bad for biodiversity — but they don’t have to be.

Yes, we can have clean energy and tortoises too.

Much of the infrastructure we install today will still be operating in 2050 as it's built to last, with a median typical lifetime of 27.5 years. Investing in the wrong infrastructure can result in “carbon lock-in”. Although multilateral development banks have been moving away from funding carbon intensive plants, in reality major economies continue funding 'carbon lock-in' abroad.

What is the difference between fossil fuels and renewable power plants with respect to carbon lock-in? Which countries are still investing in building new carbon-intensive infrastructure?

According to Senior Energy Ministry Official Dadan Kusdiana, around half of Indonesia's estimated 417 gigawatt (GW) renewable energy potential could come from solar power, but less than 0.1% of that potential has been utilised.
Now that's about to change with the construction of the largest floating solar plant in Southeast Asia.

The acceleration of Europe’s green energy transition is the challenge of the decade. Now it’s time to turn the Green Deal into reality and the European Commission is on it.

With the unveiling of the ‘Fit for 55’ legislative package, the European ‘green’ 20’s have officially started, with the climate package setting out the blueprint for the EU to become the world’s first mover on achieving net zero emissions.

Often touted as a transition fuel, natural gas prices in Europe and the UK have soared to some of the highest levels on record, threatening to raise costs for households and businesses as global supplies of the critical fossil fuel remain tight.

In the UK, prices have risen above 100p a therm, the highest level since 2005 and a record for the summer. In Europe, prices have hit €40 per megawatt hour for the first time.