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Topics tagged with 'Tax'

More in: Tax
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Hopes that CCS can rescue power plants like Satpura in India remain illusory so far

It looks like carbon capture is going down down the tubes

6 Jul 2015

One of the much-heralded solutions to climate change which its supporters believe could enable the world to continue to burn fossil fuels looks likely to be a failure.

Greg Hunt ... Direct Action better.

The carbon tax wasn’t a ‘slug’ to the economy and Direct Action may be a waste of money

29 Jun 2015

Federal Environment Minister Greg Hunt, writing in the Fairfax opinion pages, has said that the now abolished carbon tax was a far more expensive way to reduce Australia’s carbon emissions than the Direct Action policy that replaced it.

Treasury tells Government how to cut emissions

2 Jun 2015

Treasury has told the Government that if it wants to reduce greenhouse gas emissions it should introduce a carbon price floor, get rid of the two-for-one provisions or cut the number of free carbon credits it gives to emitters.

The world is waking up to the $5.3 trillion cost of fossil fuels

25 May 2015

Prospects for global energy markets have been reshaped by two recent pieces of news, one of which helps to explain the other.

Vanuatu damage ... poorer nations are more worried about climate change.

Wealthy nations overlook the dangers of climate change

25 May 2015

By ALEX LO.- Do rich countries care more about the environment that poorer ones? In a recent study I found that’s not necessarily the case.

Andrew Little ... houses and milk.

Where's the clean-tech economy talk, Mr Little?

18 May 2015

Labour leader Andrew Little is blasting the Government for failing to diversify the economy, but he is still not talking about a low-carbon, clean-tech economy.

Tesla's Powerwall.

Tesla's battery power could give Nevada a $100b jolt

18 May 2015

The new Tesla Motors factory being built outside Sparks, Nevada, was already on tap to produce 500,000 electric car batteries and become the largest battery factory in the world when chief executive Elon Musk announced last month it would also produce the potentially revolutionary home battery, the Powerwall.

Ross Garnaut ... questions remain.

We’re not there yet, Garnaut tells Australia

11 May 2015

Following the repeal of the carbon tax, the Australian Government has implemented its Direct Action climate policy, centred on the A$2.55 billion Emissions Reduction Fund.

Growth industry: forestry will account for much of the carbon reductions under the first round of Emissions Reduction Fund contracts.

So, where's the carbon auction money going?

28 Apr 2015

The results of the Australian Government’s first reverse auction (https://theconversation.com/explainer-how-does-todays-direct-action-reverse-auction-work-40152) of carbon-cutting projects have been released. Where is the money going?

Gareth Hughes ... easy win.

NZ's fine on fossil-fuel subsidies, says Groser

20 Apr 2015

New Zealand has been given a clean bill-of-health on fossil-fuel subsidies, the Government says.

Friends of the Earth is among the environmental groups that have been criticised in some quarters as ‘anti-jobs’.

Inquiry takes aim at green charities that get political

20 Apr 2015

The almost 600 environmental groups that hold tax-deductibility status in Australia are being scrutinised by a Federal Government inquiry, with reports that more than 100 of them face being struck off the list.

Why all cities should have a Department of Food

7 Apr 2015

The United States is a nation where hunger and obesity go hand in hand. More than 17 million households struggle to put food on the table, and when they do, it’s often high in fat and sugar because healthy options are scarce in low-income neighborhoods.

Water crisis pushes Brazil toward solar power at last

7 Apr 2015

Brazil’s long-running drought could have the unexpected consequence of finally prompting one of the sunniest countries in the world to take solar power seriously.

No matter how you cut it, the answer is ecosystem services

23 Mar 2015

As a professor of ecology, Shahid Naeem knows all too well that there’s no shortage of environmental ills to keep us awake at night – global warming, the spread of diseases, dead zones in the Gulf of Mexico, collapsing fisheries, mass extinction, and a hundred other things that are the stock and trade of environmental doomsayers.

Why is low-carbon energy innovation so slow? You can thank Economics 101

23 Mar 2015

The world needs a lot of energy. Global energy demand is expected to increase by 37 per cent percent over the next 25 years, according to the International Energy Agency’s World Energy Outlook 2014.

Powerful wind blows through US energy sector

23 Mar 2015

By KIERAN COOKE.- The wind turbines are turning across America, and a major report by the US Department of Energy says the wind energy sector now supplies 4.5 per cent of the nation’s electricity.

Why is pumping CO2 underground stuck in second gear?

16 Mar 2015

There are many uncertainties with respect to global climate change, but there is one thing about which I have no doubts: we will not solve climate change by running out of fossil fuels.

Biobattery breakthrough boosts waste-to-energy revolution

9 Mar 2015

Competition to make biofuels out of waste products that would otherwise have to be dumped is creating a fast-growing, worldwide industry.

Let's cut emissions, not worry about how

2 Mar 2015

Australia had an emissions trading scheme with a fixed price; it was one good way to encourage carbon cuts throughout the economy.

New Zealand’s defective law on climate change, by Sir Geoffrey Palmer

23 Feb 2015

Distinguished law fellow Sir Geoffrey Palmer, QC, has been at or near the heart of our attempts to tackled climate change for nearly three decades.

Arik Levinson ... energy failings.

Energy-efficiency rules fail US academic's test

16 Feb 2015

Energy efficiency rules in California have failed to cut energy consumption, suggesting that direct action is less effective than carbon pricing in reducing greenhouse gas emissions, a visiting economist says.

Australia readies for first emissions auction

16 Feb 2015

Australia’s first Emissions Reduction Fund auction will be in April – a month later than the market expected.

Climate debt grows as Australia messes about

9 Feb 2015

Policy procrastination over climate change is costing Australia money, a new analysis shows.

Frank Jotzo ... heavy pressure.

Trading will be back, say Australian businesses

2 Feb 2015

Most Australian businesses believe the country will return to an emissions trading scheme or a carbon tax by 2020.

Carbon pricing the challenge for the future

2 Feb 2015

The concept of carbon pricing as a tool to combat climate change is broadly accepted by the international community. But at what price, and under what conditions?

Greg Hunt ... missing the point.

Yes minister, but ...

2 Feb 2015

In a piece published in the Guardian recently, Australian Environment Minister Greg Hunt was purported to have once again rejected claims that a price on carbon would benefit emissions reduction targets.

Our new energy mix is a game-changer, says India

15 Dec 2014

While the political spotlight focused on the world’s two biggest polluters − China and the US − in the run-up to the Lima climate talks, pressure is mounting on India to set emissions targets to help to prevent the planet overheating.

Getting out of fossil fuel investment is the right way to go

1 Dec 2014

The controversy ignited by the Australian National University in October, when it decided to sell its shares in seven resources companies, has raised two important questions about divestment from assets such as fossil fuels.

Australia’s coal and gas exports being left stranded

24 Nov 2014

The United States and China have announced goals to reduce emissions by 26 per cent to 28 per cent and to cap emissions by 2030 respectively.

G20 climate challenge calls for a rethink of economics

17 Nov 2014

Focusing on growth, the Brisbane G20 leaders' summit has not grappled with three key issues - how much more growth the planet can survive, how poorer nations can raise their living standards to parity with the developed world, and how can a fairer distribution of the benefits of growth be realised?

UK ignores pledge to end fossil fuel support

17 Nov 2014

Despite promises to phase out subsidies to the coal, oil and gas industries, a new report says the UK and other G20 governments are still providing them with massive financial help.

Republican rise ... firmly in control.

Election rout blow to US climate change role

10 Nov 2014

The role of the United States in confronting the global climate crisis has been cast into serious doubt after an election that stacked the deck in Congress in favor of fossil fuel industries.

Dr Suzi Kerr ... enormous opportunities.

Chile's new tax could open carbon doors for NZ

20 Oct 2014

Chile’s new carbon tax potentially offers New Zealand an opportunity to offset some of its own agricultural greenhouse gas emissions, says economist Dr Suzi Kerr.

David Elzinga ... people need answers.

WANTED: $44 trillion to switch to clean energy

13 Oct 2014

In a world wrestling with climate change and the need to phase out fossil fuels, nothing is more critical than making sure there are reliable and cost-effective clean energy technologies ready to fill the void.

Britain's Hinckley B nuclear power station.

Europe throws nuclear power a state-aid lifeline

13 Oct 2014

The European Commission has now agreed that Britain can subsidise the building of the world’s most expensive nuclear power station − despite previously believing that the deal breaks the European Union’s rules on state aid.

E-cars could make British carmakers great again

6 Oct 2014

British-owned car manufacturing has been in decline for decades, but the shift to electric cars might be just what is needed for a revival.

Xi Jinping ... forging ahead.

MIA ... but it doesn't mean China's not interested

29 Sep 2014

There were a few notable absentees among the more than 120 world leaders gathered in New York for last week's United Nations Climate Summit - and perhaps most notable of all was the head of the world’s highest-emitting nation, China’s President Xi Jinping.

WORLD WEB ... Obama’s drive for carbon pricing fails to win at home

29 Sep 2014

* Chile becomes the first South American country to tax carbon * UK to introduce fracking drilling law despite 99% opposition * US Homeland Security moves to tackle climate change risks * Hawaii's solar industry in precarious situation * The top 10 greenest cities in America * Avatar director James Cameron talks climate change

Clear skies for aviation industry, says Boeing report

29 Sep 2014

The business outlook for civil aviation is bright thanks mainly to rising Asian demand for aircraft. But airlines are expected to have a harder time, with tougher competition in Europe leading to a consolidation of the sector, according to the latest industry forecast.

John Key ... has failed to listen.

It's simple ... either you believe, or you don't

16 Sep 2014

By editor ADELIA HALLETT.- Voters in this weekend’s general election face a simple choice when it comes to climate change – you either believe it is a real and massive problem requiring transformation of the economy, or you don’t.

We've got the world's lowest carbon prices

8 Sep 2014

New Zealand has the lowest carbon prices in the world, the World Bank says.

Australian transport stuck in the energy queue

1 Sep 2014

Australia has scored poorly in the energy efficiency of its land transport, and is well behind other major economies, a recent international scorecard has revealed.

Green fatigue ... or just not so much recycling?

25 Aug 2014

It has been suggested that a recent fall in recycling rates in Britain is due to green fatigue, caused by the confusing number of recycling bins presented to householders for different materials.

Dr Suzi Kerr ... major issue.

Business needs to make climate change stand

18 Aug 2014

There is still an element of climate change scepticism in New Zealand business, says a leading policy analyst.

Professor Les Oxley ... international price.

Experts pinpoint what emissions cost economy

18 Aug 2014

For the first time, economists have put a financial cost on the impact of greenhouse gases released by the industrialisation of developed countries.

Thomas Piketty ... act now.

The climate change world according to Piketty

18 Aug 2014

French economist widely debated Thomas Piketty and his book Capital in the Twenty-First Century are a global publishing phenomenon. But while Piketty’s writing on wealth inequality has been widely debated, far fewer people know that he has some useful things to say about climate change and public capital.

Who has the courage to take on transport taboos?

18 Aug 2014

Transportation continues to generate a large proportion of emissions worldwide, even as emissions from other areas of the economy fall.

Gases importers pay $1.5m carbon taxes

11 Aug 2014

Importers of synthetic greenhouse gases paid nearly $1.5 million in carbon taxes in the past financial year.

Greens have a tempting carbon tax idea

11 Aug 2014

A carbon price is still the best and fairest way to achieve emissions cuts, but as Australia and New Zealand show, it’s not easy to get it right. How could carbon pricing be improved?

WORTH WATCHING: New film shows up our sorry climate change story

4 Aug 2014

New Zealand’s tortuously slow reaction to the threats of climate change has been documented.

Adaptation
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.

Agriculture
More >

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
More >

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
More >

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
More >
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
More >

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
More >

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
More >

18 new countries ratify High Seas Treaty at 2025 UN Ocean Conference

Thu 12 Jun 2025

On the first day of the United Nations Ocean Conference (UNOC) in Nice, France, on Monday, 18 new countries ratified the High Seas Treaty for a total of 49 — just 11 shy of the 60 needed for the agreement to be enforced.

Carbon prices
More >

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
More >

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
More >
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
More >

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
More >

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
More >
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
More >

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
More >
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
More >

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
More >
Minister for Oceans and Fisheries Shane Jones with EDS chief executive Gary Taylor

Oceans Commission must have teeth – minister

14 May 2025

If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.

Forestry
More >

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
More >

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

Mon 9 Jun 2025

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

Geothermal
More >
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.

Green finance
More >

Electrification challenge for politicians, regulators

27 May 2025

Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.

Greenhouse Effect
More >

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 >

Greenpeace Denmark complaint accuses dairy giant of 'systemic greenwashing'

Mon 9 Jun 2025

"Greenwashing and false marketing will not be tolerated, no matter how big you are and where you are based," said one Greenpeace Denmark campaigner.

Hydro power
More >

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
More >

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
More >

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
More >

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
More >
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
More >

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
More >

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
More >

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.

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
More >

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
More >

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
More >
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
More >

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
More >

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
More >
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
More >

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
More >
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.

Technology
More >

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
More >

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
More >
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
More >

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
More >

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
More >
Dan Hikuroa

Water crisis on the horizon?

26 May 2025

Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.

Wildfires
More >

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
More >

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: Tax
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