Czechia to receive €1.64bn in EU grants to phase out coal by 2033

It will support the country’s efforts to ensure a ‘fair transition’ to climate neutrality

EU commits €10bn to support regions most affected by green transition

It will finance public investments away from fossil fuels while leaving no one behind, including communities that have relied on coal mining and polluting industries

‘World-first’: Lummus unveils net zero ethane cracker

The cracker can decarbonise a process in petrochemical manufacturing that is very carbon-intensive

Insurance giant Swiss Re to cut cover for carbon-intensive oil and gas firms

From July 2023, it will not provide individual insurance covers for oil and gas companies that are responsible for the world’s 10% most carbon-intensive oil and gas production

Banking giant Wells Fargo commits to net zero emissions by 2050

It plans to launch an Institute for Sustainable Finance to manage the deployment of $500bn of financing to sustainable businesses and projects by 2030