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Category: Climate
Citigroup (C), BNP Paribas, and Standard Chartered are considering financing a $15 billion program to protect Indian Ocean habitats, Bloomberg reported, citing Thomas Sberna of the International Union for Conservation...
EUR15 million endowment fund aimed at communities facing greatest disaster risk presented at Climate Week NYC L’Oréal announced a new EUR15 million endowment fund to support vulnerable communities to develop greater resilience in the face of climate disasters. The...
Germany is on track to generate over 50% of its power from renewable energy in 2023, but needs to ramp up the speed of its transition towards the end of...
Canada’s clean technology industry is at risk of losing C$50 billion in investments due to delays in implementing promised government incentives, according to industry groups. Prime Minister Justin Trudeau’s government...
California Governor Gavin Newsom said he would sign legislation that would require large companies to disclose their carbon footprints, potentially putting the state ahead of federal regulators on managing corporate...
Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, has tightened its climate risk demands on companies it invests in. The fund, which pools the Norwegian state’s revenues from oil...
Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, announced it is launching first-of-kind price assessments for...
The global Science Based Targets initiative (SBTi) has launched a new strategy to increase ambition in targets that corporations set to combat climate change. Until now, SBTi has called on firms to...
Mercedes-Benz signs an agreement with Steel Dynamics, Inc. (SDI) to source more than 50,000 tonnes of CO2-reduced steel annually for its plant in Tuscaloosa, Alabama, marking another crucial milestone towards decarbonizing...
Flix and Scania announce a long-term partnership to enable more sustainable long-distance travel. The two companies see this cooperation as an opportunity to accelerate the transition to sustainable mobility by...
South Korea’s leading chemicals producer LG Chem and Italian energy group Eni Sustainable Mobility jointly announced that they are exploring the possibility to develop and operate a new biorefinery at...
MEPs approved a new law to increase the uptake of sustainable fuels, such as advanced biofuels or hydrogen, in the aviation sector. The RefuelEU aviation rules are part of the “Fit...
Novo Holdings, which controls 77% of the votes in what is now Europe’s most valuable company, will invest about 2 billion kroner ($290 million) in a new energy transition fund, expanding...
The Rockefeller Foundation announced that it will invest over USD 1 billion over the next five years to advance the global climate transition and help ensure everyone can participate in...
Mars Will Cut Carbon in Half – or by roughly 15 million metric tons – by 2030 Across Full Value Chain and Will Continue Investing in Climate Action Despite Weaker...
As part of the drive to decarbonize its European refineries, TotalEnergies is launching a call for tenders for the supply of 500,000 tons per year of green hydrogen. The use...
Less than a week before the start of Climate Week NYC, GE Vernova’s Digital business announced the early limited release of CERius™, a carbon emissions management software designed to help energy...
SGX Group and BlackRock are taking the lead in helping investors reach their low carbon transition objectives with the listing of iShares MSCI Asia ex-Japan Climate Action ETF. SGX, with...
Apple announced expanded progress to decarbonize its global supply chain, with more than 300 manufacturers now committed to using 100 percent clean energy for their Apple production by 2030. New...
The Purpose Driven Innovation Ecosystem (PDIE) Group, the No. 1 Earthshot Prize nominator, and Sublime Communications, a leading communications agency known for driving hyper-growth, will be kicking off the first in its...
Once operational, the 740 MW solar farm will generate enough clean, renewable electricity to power up to 200,000 homes, making it one of the largest solar farms in the country....
Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of green steel, to be used in IKEA warehouse racking. The...
As part of Nestlé’s 2050 net zero roadmap and its work to spark regenerative agriculture, the company tests many new, innovative ideas. Those that prove effective and scalable are rolled...
Apple® announced its first-ever carbon neutral products in the all-new Apple Watch® lineup. Innovations in design and clean energy have driven dramatic reductions in product emissions of over 75 percent...
Cemvita designs synthetic microbes that have the potential to convert CO2 into sustainable aviation fuel (SAF) Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of...
Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and KPMG Switzerland, a leading professional services firm, have formed a strategic collaboration to offer...
EU Parliament voted to boost the deployment of renewable energy, in line with the Green Deal and REPowerEU plans. The update of the Renewable Energy Directive (RED), already agreed upon...
Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a...
MSCI launches MSCI Sustainability Institute to drive progress on the role of capital markets in creating sustainable value MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services...
Edelweiss Alternatives, part of Edelweiss group, said it has launched its maiden climate fund, which will invest in different ventures related to cleaner climate. The fund will have a corpus...
FedEx Corp. (NYSE: FDX) has launched a new tool, FedEx® Sustainability Insights (FSI), giving customers in select Asia Pacific, Middle East, and Africa (AMEA) markets* access to emissions information on...
A.P. Moller-Maersk, the world’s largest container shipping company, has issued a $750 million green bond to finance its decarbonization efforts. The bond, which matures in 10 years, will yield 1.65...
The UK’s largest single climate funding commitment boosts GCF’s second replenishment and global climate action The Green Climate Fund (GCF) has welcomed the UK government’s announcement of a USD $2billion...
Iconic companies across industries rise together to the urgent challenge of mobilizing suppliers on climate change Guidehouse, a leading global provider of consulting and managed services to commercial and public...
Union Pacific Corporation (NYSE: UNP) published its 2023 Green Bond Allocation and Impact Report, which outlines how proceeds from green bonds issued in September 2022 were used to help the railroad...
Ken Murphy, CEO of Tesco, the UK’s largest retailer, has called upon political parties to uphold their net-zero commitments in preparation for the anticipated 2024 general election. Speaking at the...
Funding will enable locally led restoration of 600,000 hectares critical for climate and livelihoods The Bezos Earth Fund announces $22.8 million to accelerate the restoration of two African landscapes critical...
BBVA has invested 25 million dollars in a new round of financing from the venture capital fund Lowercarbon, which specializes in decarbonization. This new investment, added to a previous one...
Amplified by wildfires and desert dust fanned by climate change, more frequent heatwaves are leading to a sharp drop in air quality and human health, the World Meteorological Organization (WMO)...
The United Arab Emirates (UAE) has committed $4.5 billion to significantly scale up renewable energy development in Africa to 15 gigawatts (GW) by 2030. The initiative is the first of...
Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, has co-led...
Boeing has become a Patron of the World Energy Council, marking the first aerospace company to partner with the organization to drive sustainable energy transitions. The Patron programme is the Council’s exclusive level...
The Africa Carbon Markets Initiative (ACMI) has drawn hundreds of millions of dollars in pledges from governments, businesses, and financial institutions, as African leaders seek to mobilize climate finance for...
The Coca‑Cola Company is part of a coalition of partners working to restore a critical, drought-stricken watersheds in Colorado. Since the summer of 2021, a National Forest Foundation (NFF)-led team of conservationists...
The European Union is cracking down on fast fashion waste, with new rules that would require retailers to contribute to the cost of collecting used clothes for reuse and recycling....
The LEGO Group today pledged to achieve net-zero greenhouse gas (GHG) emissions by 2050 as part of its continued efforts to reduce environmental impact. The company has submitted its intention...
Climate projects, micro, small, and medium-sized enterprises (MSMEs), women and farmers in Asia and the Pacific have benefited from record amounts of funding from IFC. The funds will alleviate poverty...
Kia plans to use recycled plastic from a 55-ton haul recently reclaimed from the Pacific Ocean in its new EV models. The record-breaking amount of plastic reclaimed by Kia’s global...
The UN Committee on the Rights of the Child issued new guidance that calls for governments to take action to protect boys and girls in the face of the deepening...
The COP28 UAE Presidency has launched its Water Agenda during World Water Week in Stockholm, which took place from August 20 to 24. COP28 announced its top priority areas, which include conserving and restoring freshwater...
Wastewater, long seen as an environmental and health hazard, possesses untapped potential as an alternative energy and clean water source to offset fertilizer use, the UN Environment Programme (UNEP) said....
Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over...
Shining some sunlight on what it takes to power Google workplaces in New York, the Bay Area and parts of Europe with carbon-free electricity. Earlier this year, Google’s New York...
Tokyo, Japan – Sony Group Corporation (“Sony”) offers its deepest sympathies to the populations affected by the wildfires that occurred in Maui, Hawaii, U.S. on August 8, 2023. Sony will...
Pope Francis said that he was writing a follow-up to his landmark 2015 encyclical on the protection of the environment and the dangers of climate change “to bring it up...
Cameras set up along London’s roads to enforce the forthcoming expansion of the Ultra Low Emission Zone (ULEZ) have suffered vandalism, according to the Metropolitan Police. The ULEZ’s augmentation, planned...
Leading global publication partners with Kia to highlight green issues and drive environmental awareness Newsweek, the global media organization, announced the launch of Better Planet, a new content strategy focused on...
Indonesia’s capital will force drivers to undergo emission tests, officials said on Monday, amid deteriorating air quality that has made Jakarta one of the world’s most polluted cities. Jakarta has...
Under President Biden’s Investing in America Agenda, EPA program to offer grant assistance at no cost to small and financially distressed communities U.S. Environmental Protection Agency (EPA) announced the availability...
The island of Maui in Hawaii is being ravaged with catastrophic wildfires that have destroyed homes, overwhelmed hospitals and decimated cultural sites. For two-time major champion Collin Morikawa, it’s important...
Activist investor Ben Dell, Kimmeridge Energy, proposed a system for rating carbon credits in a similar way to bonds, saying in a paper this would help give buyers confidence their...
Global private equity firm GEF Capital Partners announced that it has raised R$1.05 billion (USD$214 million) at the final close of its Brazil-focused climate solutions-focused fund, the GEF LatAm Climate...
J.M. Huber Corporation has joined over 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). J.M. Huber Corporation, a global and family-owned company...
Germany will top up a pot to fund climate-protection measures and investment in semiconductor production by about €20 billion ($22 billion) to more than €200 billion, according to people familiar...
bp ventures has made a £4 million investment in Dynamon, a UK-based software company that specializes in developing advanced data analytics and simulation tools for commercial transport and logistics companies....
Grant funding prioritized for areas already overburdened by air pollution The U.S. Environmental Protection Agency (EPA) announced the availability of $115 million in grant funding for projects that cut harmful...
IFC, the private sector arm of the World Bank, signed an agreement with the government of Switzerland to begin the second phase of the Sustainable Cities program, which supports green...
AI and blockchain-based solution helps establish a sustainable supply chain with business partners The HBAR Foundation announced that Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission...
IFC is joining forces with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon...
Funding from President Biden’s Investing in America Agenda Will Transform Carbon Pollution into Useful Products, Curbing Greenhouse Gas Emissions and Maximizing Public Health The U.S. Department of Energy (DOE) announced...
IBM launched a new tool to help enterprises track greenhouse gas emissions across cloud services and advance their sustainability performance throughout their hybrid, multicloud journeys. Now generally available, the IBM...
PepsiCo and Walmart announced a 7-year collaboration to pursue $120 million worth of investments focused on supporting U.S. and Canadian farmers in their pursuit to improve soil health and water quality. By establishing...
A landmark new investment by IFC is aiming to boost access to finance for Türkiye’s SMEs–with a focus on women-owned smaller businesses and those helping the country adapt to climate...
The European Commission has approved, under EU State aid rules, a €850 million French measure to support ArcelorMittal France in partially decarbonising its steel production processes. The measure will contribute to...
The World Economic Forum announced during the G20 Energy Ministers’ meeting the launch of India’s first zero-emission road freight cluster initiative in an effort to reduce the country’s greenhouse gas...
ING and the European Investment Bank have strengthened their long-term partnership by making over €600 million available for new loans and leases to small and medium-sized enterprises in the Netherlands,...
During the EU-CELAC Summit of Heads of State and Government, the European Investment Bank (EIB) announced the signature of its first ever residential mortgage-based loan to finance access to energy efficient...
Addressing the urgent need for climate infrastructure investment Export finance delivers long-term debt financing guaranteed by official export credit agencies. Export finance allows project sponsors to significantly reduce the cost...
A targeted IFC investment aims to increase access to residential mortgages in Romania while helping mitigate climate change and strengthen the country’s banking sector. IFC is providing EUR 100 million...
EPA seeking applications to two Greenhouse Gas Reduction Fund competitions to advance clean technology projects in communities across the country The U.S. Environmental Protection Agency (EPA) launched two Notices of...
The EU Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s...
During the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government, the European Investment Bank (EIB) will announce the signature of several loans to...
Two new pieces of research show that solar and wind are growing faster than expected: Rapid growth in solar, wind and battery deployment means that by 2030 the global electricity...
Agriculture Secretary Tom Vilsack announced the U.S. Department of Agriculture (USDA) will invest $300 million through President Biden’s Investing in America agenda to improve measurement, monitoring, reporting and verification of...
$137.7 Million Fund to Focus on Key Investments in Packaging, Decarbonization and Other Initiatives with the Potential to Reduce the Coca-Cola System’s Carbon Footprint The Coca-Cola Company and eight bottling...
Ahead of the seventh Ministerial on Climate Action, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, on behalf of the Honourable Harjit S. Sajjan, Minister of International Development and...
Transformational plan projects $2.5 billion in reduced future costs to customers while building enough Michigan-made renewables to power ~4 million homes DTE Energy announced a historic settlement agreement with nearly two...
LeapFrog Investments, the Profit with Purpose firm, plans to commit US$500m to companies combating climate change in Africa and Asia, providing green tools and technologies to 50 million low-income people....
Iberdrola and the Business Association for the Development and Promotion of Electric Mobility (AEDIVE) have signed an agreement to create an alliance for the electrification of heavy road transport in Spain....
Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration with Assarmatori and Confitarma as well as three of the largest companies in the...
Final rule will implement 40% reduction starting in 2024 while advancing U.S. manufacturing and innovation The U.S. Environmental Protection Agency (EPA) announced the latest action to phase down the use...
Selected Projects will Help Local Communities Accelerate Deployment of Carbon Management Technology to Capture and Permanently Store Carbon Dioxide Emissions from Industrial and Power Facilities The U.S. Department of Energy...
Global ammonia trade expected to increase ten-fold as demand for low-carbon ammonia used for shipping fuel and power generation transforms market The global market for ammonia is poised to triple...
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy...
The European Commission has approved, under EU State aid rules, the modification of a Dutch scheme to reduce greenhouse gas emissions. The scheme will further contribute to achieving the Netherlands’...
Revisions to EPA’s Greenhouse Gas Reporting Program required by President Biden’s Inflation Reduction Act would improve accuracy of the sector’s reported methane emissions, one of the major drivers of climate...
Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships,...
The new Clean Truck Partnership agreement offers flexibility to address public health of Californians and the needs of fleet manufacturers that build the technology required for the transition to zero-emissions...
DHL Express, the world’s leading international express service provider, has onboarded new customer, Linklaters, on its GoGreen Plus service to reduce carbon emissions for its time-definite international shipments through the...
The Swedish car manufacturer Volvo Cars cooperates with, among others, Maersk to reduce its global greenhouse gas footprint from seaborne logistics. For its decarbonisation product ECO Delivery Ocean, Maersk substitutes...
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