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Climate
Shell criticised by Europe’s largest asset management company over climate policy
Amundi, Europe's biggest asset manager, has joined 26 investors in demanding Shell improves its environmental targets during its annual meeting. This is the largest shareholder push for climate policy that the oil and gas company faces.…
The world’s renewable energy capacities grew at a record pace in 2023
According to the International Energy Agency, the growth of renewable energy capacity in 2023 was the fastest in the past 20 years. This could help the world reach a major climate goal by the end the decade.
According to the IEA,…
Carbon price falls as investors worry about ‘weak impact’ of COP28 agreement
Carbon prices dropped to their lowest level in 14 months because traders were not convinced by the COP28 Summit agreement for meaningful climate action from governments.
The carbon futures market in London, which follows the EU's emissions…
UAE launches $30bn Investment Fund at COP28
According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in climate change with BlackRock TPG and Brookfield.
The UAE is launching the campaign to boost its credentials as the host of…