Global Climate News

Scientists at Goethe University in Germany are researching molecular solar thermal energy storage using synthetic molecules. Project runs 2023-2027 with €4.8M funding from German Research Foundation.

UK has launched Tree Planting Taskforce with ministers from four nations to oversee nationwide tree planting initiative. Government committed £400 million for tree planting and peatland restoration in England.

UK has announced £1.98 billion investment over three years to IDA, World Bank's fund for lowest-income countries, for economic growth, poverty reduction and climate change projects.

Comunidad de Regantes Las Galletas has planned a 1.75 MW solar plant with storage in Arona, Tenerife to reduce desalination plant energy consumption by 50%. Project costs €3.22M with €1.45M EU funding.

WaveX has signed MoU with Floating Solutions Consulting to enhance D-Spar wave energy technology. WaveX is seeking SEED funding and plans to deploy prototype in Albany by 2025.

Wells Fargo's Innovation Incubator has awarded $250,000 each to three cleantech startups - Blip Energy, Evercloak, and Transaera - focusing on building decarbonization and energy efficiency technologies.

Hungary has deployed 1.3 GW of new PV capacity in first 10 months of 2024, reaching 7.35 GW total capacity. The country exceeded its 2030 solar target of 6 GW.

Ports of Stockholm launched a microgrid and onshore power supply project at Port of Kapellskär, running 2024-2027, funded by Swedish Innovation Agency Vinnova. Project combines solar, battery storage and energy management systems.

KfW Development Bank has pledged €24 billion for Germany's 9,000 km hydrogen network development by 2032, connecting production, import sites and industrial hubs.