Global Climate News

World Bank pioneered green bonds in 2008, followed by Poland and France in 2017. Sovereign sustainable bonds have grown significantly, with Chile and Uruguay leading sustainability-linked bonds adoption.

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

AleaSoft Energy Forecasting reported electricity price drops across major European markets in November's third week, driven by increased wind energy production. German market saw lowest prices due to combined wind and solar production.

IBM released State of Sustainability Readiness Report 2024 and launched multiple AI-powered tools for sustainability, including Envizi ESG planning, Maximo asset management, and partnerships with WWF and UNDP.

Net-Zero Banking Alliance released 2024 Progress Report showing strong progress in banks' climate commitments. Nordea, the only Nordic bank in NZBA Steering Group, highlighted for its transition assessment tool.

Hapag-Lloyd has agreed with Goldwind for delivery of 250,000 tonnes of green methanol per year, to be produced at a new factory in Hinggan League, China. The deal will reduce fleet GHG emissions by 400,000 tonnes CO2e annually.

U-Ming Marine Transport has contracted Anemoi Marine Technologies to install four 35-meter rotor sails on their VLOC Grand Pioneer, expecting 10-12% fuel and emission savings by end of 2025.

BIMCO has adopted a new FuelEU Maritime Clause for Time Charter Parties 2024 to help shipping industry comply with upcoming EU maritime emissions regulations starting January 2025.

Stegra and Uniper have signed a 6-year PPA for 6TWh of electricity to power Stegra's Boden green steel plant in Sweden, which will produce green hydrogen and steel from 2027.