M 28i News Today

The European Union plans to capture five million tonnes of carbon dioxide from the atmosphere each year by 2030 through technologies, and create an EU system to certify carbon removals, according to a draft document seen by Reuters.

Financing from multilateral lenders such as the IMF will be critical to mitigate the effects of climate change that pose grave threats to the future of small island nations, Barbados Prime Minister Mia Mottley said on Friday.

Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.

The U.S. Environmental Protection Agency on Thursday released over $7 billion to state governments and tribes to upgrade drinking and waste water systems, the first allotment of clean water funds that was approved in the bipartisan infrastructure bill signed into law last month.

A plan to seed the clouds over the mountains of New Mexico to increase snowfall during a historic drought was pulled this week after accusations it could poison people and the environment.

Australia's banking regulator released on Friday its final guidance for banks, insurers and pension funds to manage financial risks associated with climate change, stopping short of imposing new rules.

Russia's plan to reduce its carbon footprint by 2050 will require investments of between 1 trillion roubles and 4 trillion roubles a year ($13.4 billion to $53.6 billion), the central bank said on Thursday.

Australia and Germany plan to spend around $90 million to fund hydrogen projects as part of a joint push to speed up development of the clean fuel to help cut carbon emissions, the Australian government said on Tuesday.

Egypt is expected to finalise a $3 billion loan to be used in part to finance sustainable projects, three sources said, as the nation attempts to recover from a drop in tourism during the COVID-19 pandemic.

Japan must encourage climate-transition financing by investors as many small and medium-sized companies must reshape their business operations before becoming completely green, former Bank of Japan deputy governor Hiroshi Nakaso said on Monday.