Business

Royal Bank of Canada (RBC), the country’s largest lender, has abruptly withdrawn its $500 billion sustainable finance commitment, citing regulatory uncertainty and the growing legal risks tied to greenwashing under Canada’s newly amended Competition Act. The shift, confirmed in RBC’s 2024 Sustainability Report, reflects a wider cooling

Zelestra has closed a $113 million Senior Secured Credit Facility with Banco Santander to fund its 81 MWdc Jasper County Solar Project in Indiana. This deal is a key part of Zelestra's expanding U.S. renewables portfolio, structured under the company's updated Green Financing Framework. The

Masdar, the UAE’s flagship clean energy company, has completed its acquisition of 100% of TERNA ENERGY, cementing its position as a major player in Europe’s renewable energy sector. The deal, valued at €3.2 billion, marks the largest energy transaction in Greek history and a milestone for EU

Swedish energy company Vattenfall has made its final investment decision on the Nordlicht 1 and 2 offshore wind projects, set to deliver 1.6 GW of capacity in Germany’s North Sea. Once completed, Nordlicht 1 will become Germany’s largest offshore wind farm, generating enough electricity to power 1.

The Hong Kong Monetary Authority (HKMA) has launched its Sustainable Finance Action Agenda, setting a bold framework to strengthen Hong Kong’s position as Asia's leading sustainable finance hub. This initiative outlines a strategic vision for supporting sustainable development across the region and beyond, with an emphasis on

China is accelerating its transition to clean energy, with renewable sources accounting for a record 39% of the country’s electricity mix in the first quarter of 2025—up from 34% in the same period last year. The shift marks a significant step in the nation’s long-term decarbonization strategy