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Topics tagged with 'Green finance'

More in: Green finance
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Global Innovation Co-op Summit explores co-op solutions to global challenges

4 Oct 2022

What can co-ops do to address global challenges such as climate change, digitisation or inequality? The Global Innovation Co-op Summit in Paris (25-26 September) suggested many co-operative solutions while showcasing best practices from various sectors.

500-plus institutional investors urge governments to step-up climate ambition

14 Sep 2022

Investor groups from around the world have released a statement signed by 532 institutional investors with US$39 trillion in assets under management (AUM), advocating for governments to enact ambitious policies that would leverage the private capital required to effectively address the climate crisis.

US investment giant BlackRock in $1 billion big battery play in Australia

17 Aug 2022

US investment giant BlackRock is planning to invest at least $1 billion in big battery projects in Australia after agreeing to buy out Melbourne-based Akaysha Energy and its portfolio of at least nine projects in the country’s main grid.

US commitment to Pacific island climate action far from ironclad: A Chinese view

16 Aug 2022

As US President Joe Biden is set to host leaders of Pacific island countries at the White House in September, island nations will be watching how seriously his administration takes their calls for help to combat climate change, the South China Morning Post (SCMP) reported on Sunday, citing analysts.

Africa getting just 12% of financing needed to adapt to climate change -report

12 Aug 2022

Africa is getting just 12% of the finance it needs to manage the impact of climate change, a report on Thursday said, raising pressure on rich nations to do more in the run up to global climate talks in November.

Financial Markets Authority taken to task for failing to call out greenwashing

11 Aug 2022

The Financial Markets Authority has been accused of breaching its own code of conduct and failing to properly enforce ethical standards by refusing to define what makes an investment ethical.

Westpac offers low interest loans for e-bikes and EVs

11 Aug 2022

Westpac NZ has launched a new low-interest personal loan to support more New Zealanders to buy a range of electric vehicles, including EVs, e-bikes, e-scooters and e-mopeds.

IMF calls for global guidelines on climate reporting

10 Aug 2022

Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.

Kiwibank to offer sustainable loans to all business customers

9 Aug 2022

Kiwibank is to offer preferential interests rates on sustainable loans to business customers beyond the agriculture sector for the first time from next month.

Youth scholarships to Climate Change and Business Conference up for grabs

2 Aug 2022

The Climate Change and Business Conference, being held in Auckland in September, has announced a scholarship for 18-30-year olds to allow them to attend the $975 event.

Banks far from hitting Paris climate targets, groups warn

29 Jul 2022

The world's most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the livability targets of the Paris Agreement, an assessment released Thursday by an institutional investors' group warned.

They helped create ESG. Two decades later, some see a mess.

28 Jul 2022

The story of how ESG investing began is almost as wonky as its name.

Australia’s three richest men are spending their billions on green energy transition

26 Jul 2022

The surprise bid for renewables and storage developer Genex Power announced on Monday morning by billionaire Scott Farquhar and his wife Kim Jackson tells two interesting stories about Australia’s green energy transition.

Octopus launches $10 billion renewables platform, buys Australia’s biggest solar farm

21 Jul 2022

Octopus Investment Australia has officially launched its new $10 billion renewables “platform”, that will seek to finance big solar, wind and battery storage projects and has already bought the biggest operating solar farm in Australia.

Europe's landmark test of banks' resilience to climate risk is softer than expected

7 Jul 2022

Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter.

Mindful Money Ethical and Impact Investment awards winners announced

30 Jun 2022

Pathfinder Asset Managment has scooped the top prize at the Mindful Money Ethical and Impact awards for the second year running.

The Swedish city that asked its banks for an ultimatum

30 Jun 2022

If Gothenburg doesn’t meet its climate and social goals, its lending banks will charge it a fine — at the city’s request.

Global CEOs call on G7 leaders to step up climate action

28 Jun 2022

Large global companies are pushing world leaders to step up action to tackle climate change at the G7 summit in Germany this weekend, demanding large-scale carbon pricing and measures to increase demand for clean technologies.

Multi-million dollar fund set to address high failure rate of kiwi social enterprises

27 Jun 2022

Media Release - A new $20 million fund and incubation initiative designed to address the high failure rate of New Zealand startups with a social or environmental purpose has launched

In Turkey, study recommends investments in olive farms instead of coal mines

13 Jun 2022

In the wake of the recent regulation in Turkey opening olive groves to coal mining activities, a new report focused on the country’s Milas district found that the expansion of the olive oil sector represents a better alternative to mining for the local economy.

Circular economy discussion paper for investors released

10 Jun 2022

Media Release - The Investor Group on Climate Change today released a new discussion paper on The Circular Economy – the systemic approach that has risen to prominence as a key method to address climate change.

Temasek commits US$3.6 billion to launch climate-focused investment platform

7 Jun 2022

Singapore's state-owned investor Temasek said on Monday it would invest an initial amount of S$5 billion (US$3.64 billion) to establish an investment platform GenZero, in a step towards driving its net-zero emission targets.

EU spending on climate action ‘overstated’ by €72bn, auditors say

1 Jun 2022

Spending on climate action in the EU’s 2014-2020 budget was “not as high as reported” in official documents, the European Court of Auditors (ECA) said in a report published on Monday (30 May).

G7 ministers declare 2035 clean grid target, postpone decisions on climate finance

31 May 2022

The Group of Seven western industrialized countries set a 2035 deadline to decarbonize electricity generation, promised to end international public financing of fossil fuels this year, cited Russia’s war in Ukraine as a catalyst for a faster fossil phaseout, but left themselves a long list of agenda items on climate finance as they tied up a marathon series of ministerial meetings in Germany last week.

Finalists in Mindful Money Awards announced

27 May 2022

Media Release -Finalists Announced for Mindful Money Ethical and Impact Investment Awards: Celebrating leaders in the transition towards ethical investment

Carbon credit standards body Verra suspends blockchain, crypto tokenization

27 May 2022

Yesterday Verra, the Washington-based non-profit that sets voluntary carbon credit standards, said it is immediately stopping the practice of creating blockchain tokens or instruments based on retired credits

How a French bank set the gold standard for climate action

24 May 2022

The headquarters of La Banque Postale resemble a towering greenhouse in a quiet residential neighborhood of Paris, about a mile east of the Eiffel Tower.

Stuart Kirk , global head of responsible investing at HSBC Asset Management

HSBC AM global head of responsible investing: 'Who cares if Miami is six metres under water in 100 years?'

23 May 2022

HSBC Asset Management global head of responsible investing Stuart Kirk has questioned the risk climate change plays for financial markets, arguing that it is not one investors should worry about.

Your money is your carbon

23 May 2022

If you've got $125k in the financial system, it's doing as much damage as your cooking and your heating and your flying. These are the most important new climate numbers for many years

Sustainable bonds poised for growth, but standards remain a potential bottleneck

13 May 2022

A recent study estimates that green, social and sustainability bond issuance may reach €1.6tn in just four years, but also highlights concerns on standards and the liquidity of the market.

Barclays and Standard Chartered shareholders reject climate plans

6 May 2022

The annual general meetings of banking giants Barclays and Standard Chartered were disrupted by climate activists calling for heightened climate targets, with shareholders failing to align with current efforts from the organisations to meet net-zero emissions.

West African countries pledge $294 billion to fight climate change

4 May 2022

The leaders of the Economic Community of West African States (ECOWAS), a regional, political and economic union of west African countries, recently agreed to spend $294 billion over the next 10 years to fight against climate change.

Credit Suisse investors push for faster climate action

27 Apr 2022

A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday.

IIGCC launches framework to ‘raise bar for investor climate stewardship’

22 Apr 2022

The Institutional Investors Group on Climate Change (IIGCC) has launched a ‘Net Zero Stewardship Toolkit’, described as aiming to “raise the bar for investor climate stewardship”.

IMF expects 'significant' pledges for new climate, pandemics trust

19 Apr 2022

The International Monetary Fund expects to members to make "significant" pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said.

Nasdaq launches carbon removal indices

1 Apr 2022

Nasdaq has launched the world’s first commodity reference price indices tracking the price of removing carbon dioxide from the atmosphere.

Super Fund teams up with Danes to explore massive offshore wind project

29 Mar 2022

The NZ Super Fund and Copenhagen Infrastructure Partners have formed a joint company to explore the feasibility of an offshore windfarm in Taranaki that could supply 11% of New Zealand's current electricity demand.

Biden wants record $11 billion in climate aid to poor nations

29 Mar 2022

President Joe Biden is asking Congress to dedicate $11 billion in taxpayer dollars to help other nations deploy clean energy and withstand the growing consequences of climate change -- more than 10 times the amount lawmakers doled out to the effort in fiscal 2022.

Carbon trading platform launched in Singapore

23 Mar 2022

Climate Impact X (CIX), a global carbon exchange and marketplace, has launched a new, Singapore-based digital carbon credit trading platform called Project Marketplace.

Mark Carney scales back plans as doubts grow over carbon offsets

18 Mar 2022

Former Bank of England Governor Mark Carney’s initiative to boost the market for carbon offsets is being scaled back, in the wake of fierce debate around whether the traded assets really help avert global warming.

Investors launch global climate standards for companies

15 Mar 2022

Investors on Monday launched a 14-point plan of action for companies to stick to or risk having their actions put to a shareholder vote, stepping up pressure on corporate climate lobbying.

NZ Green Investment Finance confident it’s not funding muscle cars

9 Mar 2022

The chief executive of the NZ Green Investment Finance told the Finance and Infrastructure Committee, this morning, that the green bank had sufficient safeguards in place to ensure it didn’t end up funding muscle cars instead of EVs.

Almost all climate-related corporate disclosures are inadequate: CDP

4 Mar 2022

Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need to assess whether they have a credible plan for the transition to a low-carbon economy.

Climate risks are wake-up call for sovereign bonds

4 Mar 2022

The government bond market needs to wake up to climate-related risks, according to a report calling for more countries to follow Chile’s lead in issuing debt linked to sustainability targets.

Government commits $2 million to lithium recovery

23 Feb 2022

A government holding company is taking a $2 million stake in Geo40 Ltd to help it upscale is lithium recovery technology at Ohaaki near Taupo.

Green groups slam HSBC's new targets for cutting financed emissions

23 Feb 2022

HSBC has published new targets for reducing financed emissions from its clients in the energy sector, claiming they are "net-zero-aligned". But campaign groups argue that they defer important decisions on coal and could lead to the bank financing oil and gas expansion.

Three banks join initiative for voluntary carbon market platform

21 Feb 2022

Three more banks have joined an initiative to develop a new platform for settling transactions of voluntary carbon credits.

UK renewables auctions to be held annually in green energy push

11 Feb 2022

The UK government has re-stated its faith in green technologies with a decision that it says will create a steady stream of renewable energy projects.

U.S. markets regulator flags risks for ratings firms in ESG boom

8 Feb 2022

Credit ratings agencies face new risks as they throw themselves into the fast-growing business of environmental, social and governance (ESG)-based investing, the U.S. Securities and Exchange Commission (SEC) warned in a new report.

Greenflation is real: opinion

3 Feb 2022

Like the cicadas that plague the Atlantic seaboard of the United States every 17 years, inflation has awoken from its most recent hibernation. The hike from about 2 percent in a typical year in the United States to 5.3 percent in the third quarter of this year marked roughly a decade since the last time economists took to op-ed pages and talking head circuits to warn of an uncontrollable rise in prices.

Adaptation
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How flying can be a climate solution

Today 10:45am

By Paul Callister and Robert McLachlan - Planetary Ecology | How can aviation contribute to tackling climate change when no practicable technology-based solutions are on the horizon?

Agriculture
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Forestry consents and relaxed rules in erosion zones sow seeds of future disaster

Fri 13 Jun 2025

OPINION: The government’s move to restrict exotic forestry on our best food-growing soils will push even more forestry investment onto high erosion risk land on the East Coast, with the worst land becoming the only land left for the most intensive and destructive land use, writes Manu Caddie

Airlines
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Greenwashing is rife in Australia, but could its days be numbered?

28 May 2025

COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?

Aviation
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Help sustainable aviation fuels take off or delay targets, airlines warn EU

20 May 2025

Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.

Biodiversity
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Sanctuary Mountain Maungatautari

'Time is right' for nature credits

Fri 13 Jun 2025

Media release | Sanctuary Mountain Maungatautari and Ekos are thrilled to be partnering with central government on the development of a voluntary Nature Credits Market pilot programme, announced by Associate Minister for the Environment Andrew Hoggard yesterday.

Biofuels
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Sustainability claims questioned as renewable diesel surges

14 May 2025

Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.

Carbon Credits
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Carbon auction odds-on to fail

Fri 13 Jun 2025

By Liz Kivi | The carbon price has rallied slightly in recent weeks, however with secondary market prices still hovering around the $57 mark, well below this year’s $68 auction floor price, next week’s Emissions Trading Scheme auction looks set to fail.

Carbon News world
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World leaders’ failure to act is pushing Earth past 1.5°C

Today 10:45am

Based on mounting evidence, some scientists now fear we’ve entered a new era of the climate emergency, characterized by accelerated warming and amplified disasters.

Carbon prices
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Govt mulls status quo for ETS auction settings

29 May 2025

By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.

Coal
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China's approvals of coal power plants grow after 2024 decline

Wed 11 Jun 2025

China approved 11.29 gigawatts of new coal power plants in the first three months of 2025, already exceeding the 10.34 GW approved in the first half of 2024.

Comment
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Credit: International Institute for Sustainable Development

A credible UN carbon market needs rules that count – we’ve just set them

Wed 11 Jun 2025

COMMENT: The broad standards for a more ambitious market are now in place. But without a steady flow of investment, this progress will remain largely on paper.

Construction
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Common low-grade clay strengthens low-carbon concrete

5 Jun 2025

Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.

COP
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Cuts to climate finance put exports in jeopardy: Lawyers

23 May 2025

By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.

Emissions trading
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Climate Change and Energy minister Simon Watts (left) with Genesis Energy chief executive Malcolm Johns.

Legal experts sue Climate minister over ‘glaring holes’ in climate plan

Wed 11 Jun 2025

By Liz Kivi | Legal experts are taking the government to court over its Emissions Reduction Plan, alleging it fails to fulfil basic requirements of the law – with one of the arguments focussing on an over-reliance on tree-planting.

Energy
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Electric firebricks: decarbonising high-temperature industrial heat

Fri 13 Jun 2025

By Ian Mason | A new technology could offer a more cost-effective solution than hydrogen to decarbonise one ‘hard-to-abate’ sector of New Zealand’s economy, as well as having ample potential for demand response as the electricity grid becomes more renewable.

Extinction
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Gas tanks at Te Whakaraupō Lyttelton Harbour

Govt budgets $200m for would-be gas investors

23 May 2025

By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.

Extreme weather
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Extreme ocean warming engulfed South-West Pacific in 2024

6 Jun 2025

By Shannon Morris-Williams | Unprecedented ocean warming engulfed the South-West Pacific in 2024, with extreme heat and rainfall causing deadly and devastating impacts and sea level rise threatening entire islands.

Fishing
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Government undermines regional powers to protect coastal biodiversity

Today 10:45am

Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.

Forestry
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UN University report warns against carbon credits from REDD, tree planting, and improved forest management

Fri 13 Jun 2025

But the report stops short of recommending banning the trade in carbon temporarily stored in trees.

Gas
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Labor accused of ‘gaslighting’ Australians on climate crisis as fossil fuel projects keep getting approved

9 Jun 2025

‘They offer sympathy and then just go and approve massive fossil fuel projects anyway,’ one advocate says.

Geothermal
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Energy Minister Simon Watts addressing the CEP conference in Auckland this week

Watts talks big on energy reform, but barriers persist

29 May 2025

By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.

Greenhouse Effect
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As methane climate impacts soar, NGOs, scientists, and advocates launch campaign to 'pull the methane emergency brake'

Fri 13 Jun 2025

Media release | International NGOs, scientists, and climate advocates are launching a global campaign calling for deep, rapid, mandatory cuts in methane emissions as the best way to lower near-term global temperature rise.

Greenwashing
More >
Professor Jane Kelsey

Govt uses climate change as ‘Trojan horse’ for other objectives

Tue 10 Jun 2025

By Shannon Morris-Williams | The Waitangi Tribunal has heard that the New Zealand Government’s international trade and investment agreements are failing to meet Tiriti o Waitangi obligations in the context of climate change – prioritising commercial interests while sidelining Māori rights and worldviews.

Hydro power
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Methanex closure comes early this year

14 May 2025

The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.

Hydrogen
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What happened to the hydrogen economy?

3 Jun 2025

The hydrogen car that was supposed to carry us into a cleaner future is still not in the driveway. In fact, outside of a few test markets, it’s not in anyone’s driveway.

Insurance
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Climate change could drive surge in foreclosures and lender losses, new study finds

22 May 2025

Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.

Kyoto
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Will NZ walk away from the Paris Agreement?

20 Dec 2024

By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.

Litigation
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Members of the Parents for Climate group, and lawyer David Hertzberg, outside the federal court in Sydney. The advocacy group accused Energy Australia of greenwashing. The parties have now agreed to a settlement.

Energy Australia apologises to 400,000 customers and settles greenwashing legal action

22 May 2025

Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.

Low carbon
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Could ‘orange’ hydrogen be NZ’s key to net-zero?

30 May 2025

By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.

Market advice
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Carbon News launches price index

24 Jun 2024

Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.

Mining
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Rachel Arnott with kaumatua Ngāpari Nui at the New Plymouth District Council committee

Tribunal asked to halt seabed mine fast-track

Today 10:45am

By Craig Ashworth, Local Democracy Reporter | South Taranaki hapū want the Waitangi Tribunal to halt a fast-track bid to mine the seabed off Pātea.

NZ ETS
More >
James Treadwell, president of the New Zealand Institute of Forestry

Foresters baulk at restrictions, land ballots

Wed 11 Jun 2025

By Liz Kivi | Forestry groups say that new legislation will introduce further uncertainty for planting plans and poses a threat to climate targets.

Oceans
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Ocean current ‘collapse’ could trigger ‘profound cooling’ in northern Europe – even with global warming

Fri 13 Jun 2025

A “collapse” of key Atlantic ocean currents would cause winter temperatures to plunge across northern Europe, overriding the warming driven by human activity.

Planetary boundaries
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Fight over coal mine heats up

30 May 2025

Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.

Plastics
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The microplastics found on a Waikato beach

Microplastics found in sand on dozens of NZ beaches

4 Jun 2025

Scientists have extracted microplastics from the sand of 22 beaches from the Far North to Banks Peninsula.

Policy development
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Legislation introduced to restrict farm-to-forest conversions

Tue 10 Jun 2025

Agriculture and Forestry Minister Todd McClay has today introduced a bill to Parliament that he says will put a stop to large-scale farm-to-forestry conversions.

Protest
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Israel deports activist Greta Thunberg after military seized Gaza Freedom Flotilla ship

Thu 12 Jun 2025

Israel deported activist Greta Thunberg on Tuesday, the country's Foreign Ministry said, a day after the Gaza-bound ship she was on with 11 other people was seized by the Israeli military.

Rare earth minerals
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New Zealand Minerals Council chief executive Josie Vidal

Straterra has a new name: the New Zealand Minerals Council

16 Apr 2025

Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.

Renewable energy
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Could Queenstown become the world’s most electric city?

Wed 11 Jun 2025

By Shannon Morris-Williams | Queenstown is set to become the focus of an ambitious initiative aiming to transform it into the world’s most electrified destination.

Science
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Richard Hills

Climate progress slowing, says Auckland councillor

5 Jun 2025

By Shannon Morris-Williams | The devastating cyclone that tore through Tāmaki Makaurau in 2023 left behind more than just broken infrastructure, sparking calls to focus on facts over ideology in the fight against climate change.

Tax
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Green budget 'ludicrous la-la land' – govt

15 May 2025

Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".

Technology
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Biochar's negative emissions tech coming to Fieldays

6 Jun 2025

Biochar Network New Zealand will showcase its negative emissions technology biochar at this year's Forestry Hub at Fieldays 2025.

The House
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United Nations carbon market rules agreed but concerns remain

25 Nov 2024

New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.

Transport
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Richard Briggs

“It’s not the car – it’s how we move” – EECA

3 Jun 2025

By Shannon Morris-Williams| New Zealand’s transport emissions conversation has focused heavily on electric vehicles – but Richard Briggs, group manager, delivery and partnerships at the Energy Efficiency and Conservation Authority, says we’re asking the wrong question.

United Nations
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Rapid action vital following UN Ocean Conference – experts

Thu 12 Jun 2025

New Zealand-based experts are calling for rapid and transformative action to restore nature - and our relationship with it - at the third UN Ocean Conference in France this week.

Waste
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Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner

5 Jun 2025

By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.

Water
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Govt's RMA overhaul sparks fears for nature and climate

30 May 2025

By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.

Wildfires
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Tropical forest loss hit new heights in 2024; fire a major driver in Latin America

23 May 2025

Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.

Wind energy
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For the first time, China invests more in wind and solar than coal overseas

29 May 2025

China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.

More in: Green finance
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