Category: Clean energy investing

Capture investment opportunities created by megatrends

Climate graphic of the week: China coal power generation nears record

China’s coal power generation approached a record high this week, as a severe heatwave and drought threaten to cripple the country’s energy system. Coal power plants were fired up in response to surging demand for air-conditioning, as record high temperatures persisted across central, southern and western China. Coal is also filling the gap created by…
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26 August 2022 0

China coal power generation nears record during heat and drought

China’s coal power generation approached a record high this week, as a severe heatwave and drought threaten to cripple the country’s energy system. Coal power plants were fired up in response to surging demand for air-conditioning, as record high temperatures persisted across central, southern and western China. Coal is also filling the gap created by…
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26 August 2022 0

The energy crisis is making the green movement’s case

As the world braces for an energy shock even bigger than that of 1974, it is striking that Vladimir Putin’s war in Ukraine has foisted upon us something more like a global carbon tax than anything achieved by UN climate summits. Yet the green movement is oddly silent. It would be callous to cheer price…
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26 August 2022 0

Africa resists pressure to put emissions before growth

As a boy, Sam Mamia, a Maasai from Kajiado county in southern Kenya, used to herd his father’s livestock on the hills around his house. Now 34, he still works within sight of where he roamed as a child. “My home is there and my school was there,” he says, pointing to nearby fields where…
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26 August 2022 0

California climate rule to halt sale of new petrol cars by 2035

California has enacted rules that halt sales of new petrol-powered vehicles by 2035, as the US state that has been a bellwether on environmental policy takes aim at its largest source of carbon emissions. A carmaker trade group described the target as “extremely challenging”. Even as California leads the nation in electric vehicle sales, they…
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25 August 2022 0

BlackRock labels Texas ‘anti-competitive’ over ESG blacklisting

BlackRock has come out fighting against Texas’s decision to single it out as hostile to fossil fuels, calling the state’s targeting of it “opportunistic”, “anti-competitive” and “bad for business”. The world’s biggest asset manager was the only US company included by Glenn Hegar, Texas comptroller, on a list of 10 financial institutions that “boycott” fossil…
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25 August 2022 0

The carbon footprint fixation is getting out of hand

Do you remember where you first heard the term “carbon footprint”? Neither do I. For many of us, the term was slipped into our subconscious by an advertising campaign that ran for two years from 2004 and was funded by oil giant BP. “What on earth is a carbon footprint?” read one ad, emblazoned with…
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25 August 2022 0

California climate rule to halt sales of new petrol cars by 2035

California is poised to enact rules that halt sales of new petrol-powered vehicles by 2035, as the US state that has been a bellwether on environmental policy takes aim at its largest source of carbon emissions. A carmaker trade group described the target as “extremely challenging”. Even as California leads the nation in electric vehicle…
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25 August 2022 0

Climate activists take UK government to court over food strategy

Environmental campaigners have launched a legal challenge against the government’s food strategy for England, arguing its lack of plans to cut meat and dairy consumption breaks laws including the Climate Change Act. Lawyers at Leigh Day, acting on behalf of the campaign group Feedback, on Tuesday filed a claim for judicial review at the High…
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24 August 2022 0

US fund manager under fire over sponsorship of climate sceptics

Federated Hermes, a champion of environmentally friendly investment strategies, is coming under increasing pressure to explain its sponsorship of a coalition of senior US public officials which opposes action on climate change. Three Danish pension fund clients of Federated Hermes are demanding to know why it agreed to act as a gold sponsor for the…
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24 August 2022 0