In a significant development, a strategic plan by the German government sees offshoots in new green financing norms aimed at steering capital towards environmental projects and developing Germany into a leading hub for sustainable finance. The Sustainable Finance Strategy which plans on listing 26 individual measures is scheduled to be adopted by the cabinet on…
In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…
In a significant development, General Motors Co said, all of its new cars, including light pickup trucks, and SUVs will have zero tailpipe emissions by 2035. The development marks a significant shift away from diesel and gasoline powered engines by the biggest U.S. automaker. GM has also said, it plans on becoming carbon neutral by…
In a significant development, for the very first time, developers across the globe are testing the usage of hydrogen to power ships. The development comes as the maritime industry races to find technologies to slash carbon emissions; there is also a growing confidence that LNG can be used safely commercially. The United Nations has set…
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