Category: Climate
Energy Exemplar, a leading global provider of energy market simulation software, announced the completion of its acquisition by private equity funds affiliated with Blackstone (”Blackstone”) and Vista Equity Partners (“Vista”). “Completing our transaction with...
re.green has finalized its largest carbon removal (CDR) project to date. re.green will deliver approximately 3 million tons of carbon removal credits over a 15-year period through the restoration of...
Broadening our ambition in greenhouse gas reduction Standard Chartered enhances net zero roadmap with commitment to deliver methane (CH4) emissions reduction target. A methane target aligns with our focus on...
Frontier has facilitated offtake agreements with Vaulted Deep, a carbon removal company that injects carbon-rich organic waste deep underground for permanent storage. Vaulted spun out of—and uses core tech from—Advantek Waste...
The Earthshot Prize and its network have catalyzed £50M in funding in addition to Prize Money, reaching 54M people on average each year on social media since 2021. The finalists...
New plan to help cut methane, not corners, as part of net zero by 2050 ambition. Mars, Inc., has announced the launch of an ambitious sustainable dairy plan that will...
Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of...
Key take-aways The largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten...
There is a clear sense that global CEOs in 2024 are more confident about controlling what they can and managing what they can’t. Resilience has fueled a more positive outlook...
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading investor in climate solutions, and KKR, a leading global investment firm, announced an agreement to establish CarbonCount Holdings 1 LLC to invest...
Boston Consulting Group (BCG) released its Annual Sustainability Report: From Bold Ideas to Exponential Impact. The report showcases the firm’s work throughout 2023 to find the most valuable, sustainable, and innovative...
Boston Consulting Group (BCG) today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates (SAFc) with World Energy, the sustainable aviation fuel (SAF) producer and...
Revisions to EPA’s Greenhouse Gas Reporting Program authorized by Congress will bring greater transparency and accountability for methane emissions from oil and natural gas facilities, one of the major drivers...
The LME is committed to supporting and advancing responsible and sustainable practices in the metals industry. Having implemented responsible sourcing rules in 2019 and launched their digital sustainability credentials register,...
The UK’s fight against climate change hit a roadblock after the High Court ruled its Carbon Budget Delivery Plan (CBDP) unlawful. This plan, outlining how the country would achieve its...
The Copernicus Climate Change Service, in collaboration with the World Meteorological Organization, has released the European State of the Climate (ESOTC) report for 2023. This document provides a comprehensive analysis...
Adler & Allan, a leading provider of environmental risk reduction and advisory services, announced that the Private Equity business within Goldman Sachs Alternatives will acquire a majority stake in the...
A new study by Meta and World Resources Institute (WRI) utilized artificial intelligence (AI) to create a global map of tree canopy height at a resolution of one meter. This...
Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The...
General Motors released its 2023 Sustainability Report, showcasing the company’s commitment to building an equitable zero-emissions future and working toward its carbon-neutral goal. The report highlights General Motors’s initiatives to...
Brookfield Asset Management, together with Brookfield Renewable and Microsoft (NDAQ: MSFT), are pleased to announce the signing of a global renewable energy framework agreement (“the agreement”) to contribute to Microsoft’s goal of...
In 2023, Citi reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles amidst a complex global backdrop marked by environmental urgencies and socio-economic shifts. The annual ESG report outlines...
American Express reflected on its year-round commitment to sustainability as Earth Month 2024 drew to a close. The company highlighted its efforts to support communities, empower small businesses, and encourage...
The International Sustainability Standards Board (ISSB) has published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), fulfilling its promise to enable investors and other capital providers to analyse sustainability-related financial disclosures...
CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world,...
The Biden-Harris Administration has introduced significant changes to the federal permitting process, aimed at accelerating the development of infrastructure and clean energy projects across the United States. These reforms are...
Norges Bank Investment Management has signed an agreement to acquire a 49 percent interest in a 644 MW portfolio of solar plants located in Spain. The agreement was signed on...
The Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank.The funds for this auction come from the...
Introduction: ‘Winter action plan’ back in public’s sight after one-year break The ‘Winter action plan’, for 2023-2024 (‘Comprehensive Action Plan for Autumn and Winter Air Pollution Control in Beijing-Tianjin-Hebei area...
African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development...
Newly-established Sustainable AI Policy Principles aim to guide advocacy with regulators and lawmakers Five nonprofits will develop AI-focused climate solutions with Salesforce support, prioritizing mitigation, adaptation, resilience, and finance Salesforce...
The Tamer Institute for Social Enterprise and Climate Change Will Address Urgent Need for Business Climate Research and Education Columbia Business School announced the establishment of the Tamer Institute for...
Microsoft Sustainability Manager is rapidly evolving with the power of generative AI, offering unprecedented capabilities for data analysis and informed decision-making. What-if Analysis: Forecast Carbon Reduction Strategies A new AI-powered...
S&P Global Sustainable1 announced the launch of Municipal Climate Physical Risk, a new solution helping investors, local governments, and other market participants navigate critical decisions on climate change. The dataset...
Norges Bank Investment Management (NBIM), a global investment powerhouse managing Norway’s sovereign wealth fund, recognizes that long-term financial returns are inextricably linked to sustainable development across environmental, social, and economic...
UpLink, the World Economic Forum community supporting early-stage impact-focused entrepreneurs, launched four new initiatives today. These aim to ignite innovative technology solutions that can accelerate the transition to a circular carbon...
Four final rules deliver on the Biden-Harris Administration’s day-one commitment to lead on climate action and to protect all communities from pollution The U.S. Environmental Protection Agency announced a suite...
The Stock Exchange of Hong Kong (HKEX) is set to become a global leader in sustainability reporting with the implementation of mandatory climate-related disclosure requirements for listed companies. These new...
The latest issue of SEB’s The Green Bond report is dedicated to the question of how to scale energy transition investments at the speed required to reach net-zero emissions and...
The revised law aims to reduce air pollution in the EU for a clean and healthy environment for citizens, and to achieve the EU’s zero air pollution vision by 2050....
Contiki, a travel company for young adults, has taken a big step forward in sustainability by switching their European coaches to biofuel in January 2024. What is Biofuel? Biofuel is...
RMI and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) will collaborate with the Zero Emission Maritime Buyers Alliance (ZEMBA) and Hapag-Lloyd to pilot a Maritime Book and...
RE Royalties Ltd., a global leader in renewable energy royalty-based financing is pleased to announce the publication of its 2024 Green Bond Framework (the “Framework”), assessed as Dark Green, and...
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...
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