Category: Climate
Three major groups are joining forces to fight climate change and launch the European Clean Transport Network Alliance (ECTN Alliance), a concrete solution to decarbonize road freight transport. Mobilizing the...
Funding from President Biden’s Clean Energy Plan Will Create New Economic Opportunities Across the Nation and Bolster American Industrial Leadership Globally The Biden-Harris Administration, through the U.S. Department of Energy...
Verizon announced that the Climate Resilience Prize, an initiative focused on recognizing and propelling climate resilience solutions, will continue for a second year in partnership with GreenBiz and Resilient Cities Network,...
Global power and technology leader Cummins Inc. announced the launch of Accelera by Cummins, a new brand for its New Power business unit. Accelera provides a diverse portfolio of zero-emissions...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged...
South Korea’s national pension fund will consider climate change as part of its stewardship activities going forward, the welfare ministry said on Tuesday. A panel that oversees the National Pension...
However, 85% are concerned they do not have the right technology in place to meet ESG reporting requirements A new survey released by PwC US and Workiva Inc. finds 70%...
Agreement enables pilot testing to more quickly scale-up deployment of Direct Air Capture solutions Baker Hughes, an energy technology company, and HIF Global, the world’s leading eFuels company, announced Tuesday their...
Climate change and the global response to the threats it poses have the potential to significantly impact the safety and soundness of the Canadian financial system. Today, the Office of...
The Financial Education & Research Foundation, the independent non-profit research affiliate of Financial Executives International, has released the findings of its latest Environmental, Social, and Governance report, How Finance Will Transform...
Extreme weather caused by climate change could cost Germany up to 900 billion euros in cumulative economic damage by mid-century, a study showed on Monday, as Europe’s biggest economy seeks...
RBC has shared updates on its purpose-driven approach to helping clients thrive and communities prosper through the release of three key reports. These reports reflect the importance that RBC places...
Sustainable Finance target: New ambitions in businesses by end of 2025: Reductions in financed CO2 emissions and fossil fuel financing during 2022: Policies & Commitments: People & Own Operations: Deutsche...
CarbonFree’s SkyCycle Technology Would Capture and Mineralize up to 50,000 Metric Tons of CO2 Annually from U. S. Steel’s Facility in Gary, Indiana United States Steel Corporation and CarbonFree Chemicals Holdings, LLC...
The Biden-Harris Administration is making $250 million available to develop innovative strategies to cut climate pollution and build clean energy economies. These planning grants, through the U.S. Environmental Protection Agency...
U.S. bank Citi on Thursday announced targets for cutting emissions tied to loans it makes to coal mining, auto, steel and real estate clients by the end of this decade, in...
Divert plans infrastructure expansion across North America to decarbonize the food value chain and combat climate change. Divert Inc., a leading impact technology company on a mission to Protect the...
On Wednesday members of the Committee on the Environment, Public Health and Food Safety (ENVI) adopted their position on revising the EU’s legislative framework on fluorinated gases (F-gases) emissions with 64 votes...
Washington state is holding its first carbon-allowance auction on Tuesday, marking a key step forward in a statewide program that will impose a limit on greenhouse gas emissions and make...
This year’s grant recipients are focused on solutions designed to assist people and communities who may be disproportionately affected by climate change and the transition to a low-carbon economy TD...
S&P Dow Jones Indices, the world’s leading index provider, has launched a first-of-its kind commodities index which incorporates environmental metrics. The S&P GSCI Climate Aware is a broad-based commodity index which is...
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $2.52 billion in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon...
Partnership will enable asset managers and institutional investors to access ESG Book’s market leading solutions for better decision-making. ESG Book, a global leader in sustainability data and technology, announced that...
Funding Awarded to 53 Businesses Across 23 States That Are Developing Innovations in Clean Energy and Climate Research The U.S. Department of Energy (DOE) announced awards totaling more than $68...
During the year, the EU bank committed €150 million in support for a large-scale urban regeneration project which aims to make Cypriot municipalities greener, boost the economy, and improve the...
Supporting our economy for future generations will mean supporting good, middle class jobs for workers. Canadians workers are already leading in spaces like clean tech, and the Government of Canada...
Japan’s Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions, the company said on Wednesday....
Chevron and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a MoU to share best practices and expertise related to the reduction of methane emissions. The MoU,...
Indonesia on Wednesday launched the first phase of mandatory carbon trading for coal power plants, part of efforts by Southeast Asia’s biggest economy to boost renewable energy and achieve net...
Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five...
New specifications enable companies worldwide to exchange Product Carbon Footprint information, setting a foundation for supply chain decarbonization at scale. The Partnership for Carbon Transparency (PACT), hosted by the World Business Council...
The BMW Group is continuing its efforts to systematically reduce CO2 emissions in the supply chain. A particular focus is on CO2-intensive materials like aluminium, steel and plastics. The BMW Group...
The IEA’s Global Methane Tracker shows the oil and gas sector could slash emissions of potent greenhouse gas using only a fraction of its bumper income from the energy crisis....
China has launched a national wind and solar resources climate prediction model to enable provincial authorities to forecast energy demand and supply, the central government said on Friday. The model,...
The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa The AfricaGoGreen Fund has made headlines with the announcement of its successful second fundraising close, securing...
DOE and DOT Announce $7 Million for New Projects to Accelerate Decarbonization of Medium- and Heavy-Duty Freight Transportation, Releases Funding Notice of Intent to Increase Accessibility and Functionality of EV...
GoGreen Plus is part of Deutsche Post DHL Group’s sustainability goal of achieving net-zero emissions by 2050 DHL Express has announced the launch of GoGreen Plus, a new service that...
Phoenix Group, the UK’s largest long-term savings and retirement business, has assigned £338 million of with-profits investment funds to a new multi asset climate solution which will be managed by...
The increased share of renewable electricity in production is one of the key contributors to why the total IKEA climate footprint decreased by 5% in absolute terms in FY22, compared...
JERA Co., Inc. has entered into a Memorandum of Understanding with Abu Dhabi National Energy Company P.J.S.C. (“TAQA”), one of the largest listed integrated utilities in the Middle East, that...
The European Commission has proposed ambitious new CO2 emissions targets for new heavy-duty vehicles (HDVs) from 2030 onwards. These targets will help to reduce CO2 emissions in the transport sector –...
The EU Parliament approved the new CO2 emissions reduction targets for new passenger cars and light commercial vehicles, part of the “Fit for 55” package. With 340 votes in favour,...
The following release below is from the SBTi: As the leading standard-setter and certification body for ambitious corporate climate action, the Science Based Targets initiative (SBTi) values feedback from climate...
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in...
Meeting in Mumbai, European Investment Bank (EIB) Vice-President Kris Peeters and founder of global sustainability private equity firm GEF Capital Partners Raj Paj formally announced a $40 million commitment to the...
The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience Ireland and Austria have joined...
Wendy’s to reduce greenhouse gas emissions by 47% across its System, including Company operations, franchisees and top suppliers, by 2030 through newly validated science-based targets The Wendy’s Company announced near-term,...
Ethiopia has signed a landmark agreement with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) that rewards community efforts to reduce carbon emissions by tackling deforestation and land and...
CDP, the world’s environmental disclosure platform, launched a report analyzing disclosure from 18,600+ companies across 13 industries in 135 countries. The report assesses climate transition plan disclosure against 21 key...
The Reserve Bank of India will soon issue guidelines for regulated entities to boost green finance and mitigate climate-related financial risks, the central bank governor said on Wednesday. “It has...
The Department for Energy Security and Net Zero will provide dedicated leadership focused on delivering security of energy supply, ensuring properly functioning markets, greater energy efficiency and seizing the opportunities...
The European Commission has approved, under EU State aid rules, a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU...
Key industrial players representing a £73 billion UK sector have signed a collaboration agreement to launch ‘Flue2Chem’ – a collaborative programme to transform the sustainability of the UK’s consumer products...
New IBM Foundation Model Technology Leverages NASA Earth Science Data for Geospatial Intelligence IBM and NASA’s Marshall Space Flight Center announce a collaboration to use IBM’s AI technology to discover new...
The Commission presents a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality. The Plan aims to provide a more supportive...
Funding Supports 33 Carbon Management Projects to Ramp Up Efforts to Achieve Nationwide Goal of Net-Zero Greenhouse Gas Emissions by 2050 The U.S. Department of Energy (DOE) announced $131 million...
UniCredit announced it is disclosing 2030 targets for the three most carbon intensive sectors within its portfolio which include Oil & Gas, Power Generation and Automotive sectors, to reach its...
Climate change is the biggest challenge of our time and the single greatest threat to a sustainable future. Increased human-induced emissions of heat-trapping greenhouse gases are altering the Earth’s climate,...
ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision...
The Un-carrier becomes the first in U.S. wireless to set target to achieve net-zero emissions across its entire carbon footprint by 2040; also signs onto The Climate Pledge to reinforce...
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has successfully implemented sustainable logistics solutions for its customer Grundfos. Since one year DHL supports the...
Funding Will Reduce Costs and Improve the Performance of Critical Hydrogen Infrastructure and Fuel Cell Technologies, Support DOE’s Hydrogen Shot The Biden-Harris Administration, through the U.S. Department of Energy (DOE),...
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A.. Microsoft’s Climate...
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced earlier this weel the immediate availability of $29.4 million in “quick release” Emergency Relief (ER) funds for use by the...
The European Investment Bank (EIB) and the Greek authorities have announced €900 million in new financing agreements that will support priority investments in high-impact, large scale projects across the country,...
Qcells seeks to supply more than 2.5 gigawatts of solar panels and EPC services to solar project developers in partnership with Microsoft The first-of-its-kind collaboration is rooted in the companies’...
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+. The...
BNP Paribas has already made a major pivot towards financing low-carbon energy production. Building on expertise developed by its Low-Carbon Transition Group, BNP Paribas is embarking on a new phase...
Mitsubishi Corp has agreed with Exxon Mobil Corp and Japan’s biggest steelmaker Nippon Steel Corp to consider a carbon dioxide capture and storage (CCS) project, a spokesperson at the trading house said...
The companies will identify opportunities for the reduction of greenhouse gas and methane gas emissions and will define energy efficiency initiatives, renewable energy developments, green hydrogen projects and carbon dioxide...
Ceres, in collaboration with the ESG Initiative and Wharton Climate Center at the Wharton School, released a report today that finds U.S. climate-related disaster insurance is often inaccessible, unaffordable, or...
Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions...
The European Central Bank has published a first set of climate-related statistical indicators to better assess the impact of climate-related risks on the financial sector and to monitor the development of...
The OPEC Fund for International Development is providing a US$120 million loan to Panama to support the country’s climate action, adaptation, resilience and mitigation policies. The “Panama Support Program for...
The UK government is close to agreeing a £300 million ($372 million) package to help British Steel cut its carbon emissions and prevent thousands of job losses. The funds would...
In order to reach 2050 emissions reduction targets, trillions of dollars in public and private capital are needed to adopt and scale green energy technologies, financial experts told participants at...
Samsung Electronics has announced its new environmental strategy, a comprehensive effort to join the global movement to tackle climate change. At the heart of the new commitment is achieving net zero...
The European Commission, EU Member States, and 26 partners countries will launch “The Coalition of Trade Ministers on Climate”, the first Ministerial-level global forum dedicated to trade and climate and...
Lenovo is in the first group of companies to receive net-zero validation from Science Based Targets initiative, making it the first PC and smartphone maker and one of only 139 companies...
Nine leading industrial clusters in China, Indonesia, Japan, Spain, and the United States have joined the World Economic Forum initiative, Transitioning Industrial Clusters towards Net Zero, to help industries reduce...
AI Center of Excellence will focus on finding carbon neutral solutions for existing energy resources and improving access to new AI technologies for Arabic speakers Mohamed bin Zayed University of...
In a special address at the World Economic Forum Annual Meeting 2023, German Chancellor Olaf Scholz reaffirmed Germany’s goal of attaining climate neutrality, or net-zero greenhouse gas emissions, by 2045....
The World Economic Forum signed at the Annual Meeting 2023 a new partnership with the Government of Indonesia to support its ambitions to scale blue carbon restoration and ocean conservation...
GE Gas Power announced the signing of a Memorandum of Understanding with IHI Corporation, a leading heavy industry manufacturer based in Japan to jointly develop ammonia combustion technologies for heavy...
In a wide-ranging address that touched on the most critical issues of the times, UN Secretary-General António Guterres urged leaders gathered for the Annual Meeting to take urgent action. Taking...
Danone, a leading food company and one of the world’s largest dairy companies, announces a global action plan to reduce absolute methane emissions from its fresh milk supply chain by...
Singapore’s sovereign wealth fund Temasek has led the latest funding round for climate tech firm Living Carbon, which aims to increase the carbon-absorbing ability of trees, the startup’s chief executive...
The World Economic Forum, supported by more than 45 partners launched the Giving to Amplify Earth Action (GAEA), a global initiative to fund and grow new and existing public, private...
Two of Melbourne’s most successful startup founders have joined forces to back climate-focused fintech, Bloom Impact Investing. Euphemia, the family office of Up co-founder Dominic Pym, together with Envato founders...
DP World will implement new processes to speed up turn around times at Jebel Ali Port, cutting bunker fuel consumption and reducing emissions. A.P. Moller – Maersk and DP World...
Euronext announced the launch of the CAC SBT 1.5°, an index investing solely in companies within the SBF 120 Index that have emissions reduction targets approved to be in line...
Proposed regulations will streamline and improve processes for offshore wind initiatives The Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule...
The European Commission has approved, under EU State aid rules, a €1.1 billion Danish scheme to support the roll-out of carbon capture and storage technologies. The measure contributes to the...
Hang Lung Properties is delighted to announce that the Company is the first real estate company in Hong Kong and mainland China to receive approval from the Science Based Target...
The World Bank has approved US$100 million in financing to support Barbados’ low carbon economic development and resilience to climate change. “I cannot underscore enough the necessity of support, such...
Anew Climate LLC, a TPG Inc-owned provider of carbon emission reduction products to businesses, has agreed to invest as much as $640 million in carbon offset developer Terra Global Capital, the...
RMI, a leading nonprofit dedicated to accelerating the global energy transformation, announced the formation of the Virtual Power Plant Partnership (VP3) Tuesday. In recognition of the critical work needed to tackle scaling the market...
Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminium...
Greenhouse gas emissions increased slightly from the previous year in 2022 by 1.3%, keeping the U.S. just 15.5% below 2005 levels and off track to meet its global pledge to...
Landmark Blueprint Will Advance the President’s Clean Transportation Agenda, Slashing Consumer Costs, Improving Public Health, and Increasing the Nation’s Energy Security The Biden-Harris Administration released the U.S. National Blueprint for...
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