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Category: Climate
Climate Solutions Week kicked off at the Headquarters of the OPEC Fund for International Development (the OPEC Fund) in Vienna. An OPEC Fund initiative, the event is bringing together global...
A report released today by the World Economic Forum’s Centre for Urban Transformation features best practices developed by pioneer cities that are reducing carbon emissions from urban development projects. As cities grow...
A new report by Morningstar Sustainalytics reveals that while less than 10% of companies globally are consistently implementing best practices for the low carbon transition, there are leading examples to...
Google’s Startups for Sustainable Development program is supporting startups working on sustainability efforts. The program, launched in November 2019, has grown to support more than 500 startups working on the...
TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure...
New collaboration aims to scale the full value chain of carbon removal by capturing and permanently sequestering biogenic CO2 at pulp and paper mills. CO280 and Aker Carbon Capture’s collaboration...
Highlights include resources to help health systems decarbonize and a new heat forecasting system The U.S. Department of Health and Human Services (HHS) is marking Earth Day by introducing new...
Together, with its first Community Impact Report, the company details its progress its net-zero ambitions and supporting the communities it visits Royal Caribbean Group released its annual Seastainability Report, outlining...
FY23 BRSR reports of Nifty 50 companies and NEXT 50 listed companies analysed to assess the maturity of ESG regulations in India. 51% of India’s top 100 listed companies by...
In the coming months, half of the world’s population will go to the polls. To say there is a lot at stake would be putting it mildly. Climate advocates are...
Wellington Management, one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund, with US$385 million in commitments. CIF is Wellington’s...
Innovations in clean energy, materials, and recycling are driving progress toward Apple’s ambitious environmental goals Apple has reduced its overall greenhouse gas emissions by more than 55 percent since 2015, the...
Singapore is spearheading a significant financial initiative designed to mobilize $5 billion alongside global partners to support climate-focused projects throughout Asia. This ambitious effort, termed the “Financing Asia’s Transition Partnership”...
As recent global temperatures records show, the world is off-track to reach net zero. The carbon removal industry needs to grow rapidly on all fronts to help fight global warming. This is...
Key Impact Points: “Clean energy and water are foundational to healthy communities and essential building blocks for a responsible business,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and...
New updates to Google Maps and Search aim to make sustainable travel choices easier for users. The update to Maps will show public transit and walking route options alongside driving...
Boeing is buying 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help...
RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and...
Calls for innovative solutions as part of its AI for Climate and Nature Grand Challenge The Bezos Earth Fund unveiled an AI for Climate and Nature Grand Challenge – under which up to $100...
Chevron Technology Ventures, the venture arm of Chevron Corp., has launched its third Future Energy Fund with a commitment of $500 million to invest in renewable energy technologies. The fund...
The Biden-Harris administration announced a series of historic milestones and actions to promote responsible clean energy development on public lands and help achieve President Biden’s goal of creating a carbon...
New report examines the role of carbon credits and integrated approach of public, private and complementary policies in driving the clean energy transition High-quality carbon credits can have a role...
Phillips 66’s San Francisco Refinery, which for years manufactured products like gasoline and jet fuel, is now producing only renewable fuels. Long known as the company’s Rodeo Refinery, and recently...
The global wind industry installed a record 117GW of new capacity in 2023, making it the best year ever for new wind energy. Despite a turbulent political and macroeconomic environment,...
The Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
A major new Centre for Doctoral Training in Green Industrial Futures (CDT-GIF) has launched to help secure the UK’s position at the forefront of the green industrial revolution. The Centre...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
JERA Co., Inc. (“JERA”), Japan’s largest power company, announces the creation of JERA Nex Limited (“JERA Nex”), a new global renewable energy business. JERA Nex will develop, invest in, own and operate...
The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute), under Mission Innovation’s umbrella, released a report outlining strategies for ports to become first movers in providing green methanol...
This Earth Month, and every month, Target celebrates how sustainability strengthens its business and communities, while delivering a more joyful and meaningful experience for guests. From designing its owned brands...
In a historic ruling, the European Court of Human Rights decided that Switzerland’s failure to act on climate violates human rights. This was the first time an international court determined that...
The U.S. Environmental Protection Agency released its latest annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
A critical element of Barclays’ Investment Banking strategy and net zero ambition is support for clients as they navigate the transition to a low-carbon economy. As part of Barclays’ continued...
IBM announced the release of its 2023 Impact report. The report summarizes the company’s Environmental, Social and Governance (ESG) initiatives, partnerships and investments in 2023, which were implemented to advance our goal...
EARTHDAY.ORG is the global force behind Earth Day, which activates one billion people around the world every April 22 to advocate for the health of our planet. Today, EARTHDAY.ORG released a...
The world’s dependence on coal-fired power plants witnessed a surprising rise in 2023, marking the highest annual increase since 2016. This trend, highlighted in a report by Global Energy Monitor...
Australian electricity giant Origin Energy (ORG.AX) has appointed a company insider, Tony Lucas, to take the helm as its Chief Financial Officer. Lucas, currently leading Origin’s future energy and technology...
Standard Chartered, KPMG and the United Nations Office for Disaster Risk Reduction (UNDRR) are calling for a step-change in the mobilisation of finance for adaptation and resilience ahead of COP29,...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
Toyota Ventures, the early-stage venture capital arm of Toyota, announced two $150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation. The...
In January 2024 the SBTi announced that work to revise its flagship Corporate Net-Zero Standard was a priority for 2024, and that this revision would include additional guidance on tackling...
Updated guidance designed to help the events industry to embed sustainable practices and address emerging challenges across climate change, supply chain and social impact, has been published by BSI, more...
The Government of Newfoundland and Labrador has released World Energy GH2’s Project Nujio’qonik from further Environmental Assessment following an intensive evaluation of the world’s first Environmental Impact Statement for a...
Switzerland will continue to support the Green Climate Fund (GCF) with a total contribution of CHF 135 million over the next four years. The Federal Council took this decision at...
Rich Lesser Joins as Vice Chair, Climate & Sustainability and Senior Advisor. Jeff Johnson Joins as General Partner Leading Climate. B Capital, a global multi-stage investment firm, announced two appointments...
Elemental Strategic Metals of Zawiercie, Poland and Ascend Elements of Westborough, Mass., today announced the formation of AE Elemental™, a joint venture based in Zawiercie, Poland. Together, the companies will jointly own (50/50)...
OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint...
LyondellBasell published its annual sustainability report titled, Everyday Sustainability. The publication offers an in-depth review of the company’s progress over the last year toward establishing itself as an industry leader...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
In a significant stride towards enhancing climate action, the Integrity Council for the Voluntary Carbon Market (ICVCM) has unveiled the initial carbon crediting programs eligible for its prestigious Core Carbon...
In order to bring the evaluation of its CO2 emissions in the upstream supply chain to the next level, Henkel has launched a comprehensive engagement program for its worldwide suppliers called...
Neste and South Korean chemical company Lotte Chemical are teaming up to make chemicals and plastics more sustainable. The companies embark on a strategic collaboration to replace fossil resources with...
Rolls-Royce, ASCO Carbon Dioxide Ltd (ASCO), and Landmark Power Holdings Limited (LMPH), have signed a Memorandum of Understanding (MoU) aimed at developing scalable solutions for clean power generation with carbon...
In an unprecedented move, late on Thursday, the SEC decided to stay their own rule while the litigation is settled to “avoid any regulatory uncertainty.” Meanwhile, Liberty Energy, a Denver-based fracking company,...
The Angel CCS Joint Venture will collaborate with Yara Pilbara Fertilisers Pty Ltd (Yara Pilbara) to study the feasibility of using carbon capture and storage to decarbonise Yara Pilbara’s existing...
Three of the largest North American banks have agreed to publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for the banking sector After...
Persefoni’s leading carbon accounting solution combined with AuditBoard’s world-class connected risk platform will deliver a single source of truth for customer ESG data. AuditBoard, the leading cloud-based platform transforming audit,...
Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through...
Bloomberg announced the launch of the Bloomberg Government Climate Tilted Bond Indices, a new benchmark family for government bond investors seeking exposure to the transition to a low-carbon economy. The indices...
The U.S. Securities and Exchange Commission (SEC) has announced a suspension in the enforcement of its climate disclosure rule while awaiting the outcome of a legal challenge initiated by a...
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power...
Start every business day with our analyses of the most pressing developments affecting markets today, alongside a curated selection of our latest and most important insights on the global economy....
California is accelerating its transition to clean energy with a revamped 2023-2024 transmission plan proposed by the California Independent System Operator (ISO). The $6.1 billion plan prioritizes grid reliability and...
A new report by InfluenceMap, titled “The Carbon Majors Database: Launch Report,” sheds light on a critical aspect of the climate crisis. It reveals a concerning concentration of greenhouse gas...
Policy responses to geopolitical developments and global commitments accelerated the deployment and use of renewable energy in 2023, especially in the power sector. The historic decision at the 2023 United...
The U.S. Environmental Protection Agency announced its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), which was created...
UBS Asset Management (UBS AM) has launched the UBS ETF S&P 500 Climate Transition ESG UCITS ETF, marking a significant stride for sustainability-focused investors in Europe. This ETF is the...
First Comprehensive Federal Strategy Outlines Pathways to Reduce Emissions 90% in Buildings Sector by 2050, Reinforcing President Biden’s Investing in America Agenda to Lower Energy Costs, Improve Resilience, and Tackle...
The U.S. Department of Agriculture published the second edition of Quantifying Greenhouse Gas Fluxes in Agriculture and Forestry: Methods for Entity Scale Inventory. The report provides farmers, ranchers, and forest...
In a groundbreaking revelation, the Rhodium Group and MIT CEEPR have unveiled the 2023 Clean Investment Monitor (CIM), a comprehensive database showcasing the transformative landscape of clean technology investments across...
A new report by Boston University’s Global Development Policy Center and the African Economic Research Consortium sheds light on China’s potential to be a transformative force in Africa’s shift towards...
SSAB’s Board of Directors have taken the decision to proceed with the next step in SSABs transition, building a state-of-the-art fossil-free mini-mill in Luleå, Sweden. When completed SSAB will close...
JERA Co., Inc (“JERA”) recently signed a Joint Study Agreement (“JSA”) with Petroliam Nasional Berhad (PETRONAS), through its subsidiary – PETRONAS CCS Solutions Sdn. Bhd. (“PCCSS”), to evaluate the feasibility...
Octopus Energy today launches the UK’s first heat pump and solar referral scheme to further drive the rollout of clean heating devices and help deliver net zero. Since launching to...
In a decisive move, the Metropolitan Transportation Authority (MTA) Board, acting as the Triborough Bridge and Tunnel Authority board, established toll rates for New York City’s Central Business District, marking...
Provisional data shows UK territorial greenhouse gas emissions fell further across several key sectors between 2022 and 2023. The UK continues to lead the way in cutting emissions after provisional data...
In the comprehensive report titled “Citi’s Approach to Climate Change and Net Zero” released on March 28, 2024, by Citi under the stewardship of Chief Executive Officer Jane Fraser, the...
New research from Material Focus has identified that as the demand for electrical items soars amongst consumers, more of these items are either being held onto in UK homes, thrown...
Leeward Renewable Energy, a leading renewable energy company, today announced that it has entered into two 200-megawatt (MW) Power Purchase Agreements (PPA) with Microsoft Corp. Through these PPAs, Microsoft will...
Tesco, the UK’s leading supermarket and NatWest, the largest UK bank for business and one of the largest for the farming sector, have launched a new discounted climate and sustainable...
Persefoni Pro, a free, enterprise-grade tool, enables businesses to create accurate carbon footprints for internal and external stakeholders Persefoni, a leading Climate Management & Accounting Platform (CMAP) for enterprises and...
Antofagasta plc (the “Company”) announces that the Board of Directors (Board) has approved updated greenhouse gas emissions targets, with the Company having successfully met the Company’s previous emissions target ahead...
TenneT Holding B.V. successfully priced a dual Tranche Green Hybrid Bond of EUR 550 million with a coupon of 4.625% and a non-call period of 5.25 years and EUR 550...
Australia is igniting a clean energy revolution, determined to become a global leader in the renewable energy sector. This ambitious transition promises a brighter future, not just for the environment,...
Suniva and Heliene Announce Strategic Sourcing Contract to Produce First U.S. Domestic Content-Eligible Crystalline Silicon PV Modules Suniva, Inc., the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and Heliene, Inc., a...
New guidance published on production of hydrogen from water using electrolysis The Environment Agency has published guidance on emerging techniques for the production of hydrogen from water using electrolysis. The guidance – developed...
As part of the plans to lower the climate footprint from the investments, Industriens Pension is now introducing a new climate-related benchmark, which partly sets the direction for the foreign...
In 2023, 96 percent of power consumption at BBVA Group facilities came from renewable sources, well above the 70 percent target set for 2025. In Spain, Portugal, Colombia, Uruguay, Mexico,...
Walmart recently announced significant progress in its energy transformation strategy. This initiative aims to expand access to clean energy, create positive economic and environmental outcomes, and support the company’s growth...
Climeworks, global leader in carbon removal via direct air capture, and the LEGO Group, one of the world’s leading manufacturers of play materials, entered a 9-year agreement to permanently remove...
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and Idemitsu Kosan (IKC), one of Japan’s leading energy companies, today announced a joint investment into Skye Renewables Energy...
These senior hires will help Verdane continue to deploy thematically behind two structural growth trends, digitalisation and decarbonisation. 2024 is set to bring a greater focus on decarbonisation as an...
The fate of the European Union’s ambitious Nature Restoration Law (NRL) is in jeopardy after several member states reversed their initial support for the legislation. The NRL, a cornerstone of...
Nature Action 100, the first global investor engagement initiative to address the urgent crisis of nature and biodiversity loss around the world, has published a new field guide to equip...
Global utility companies, generally perceived as some of the worst offenders when it comes to climate transition and meeting future net zero carbon emissions, are actually playing a driving force...
The Next 150, has signed a 6-year purchase agreement with Microsoft to supply 95,000 tons of high-quality Carbon Dioxide Removal (CDR) credits produced by its General Biochar Systems (GBS) business...
South Korea has pledged a significant financial commitment to tackling climate change, announcing a $313 billion green financing plan. This initiative aims to slash greenhouse gas emissions by 40% from...
Rising temperatures could drive food inflation up by 3.2 percentage points and overall inflation by 1.18 percentage points annually by 2035, according to a new study by Potsdam Institute for...
The recent explosion of climate-focused investment vehicles has sparked a crucial question: how impactful are these funds in driving the transition towards a sustainable future? A closer look at the...
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