Category: Climate
The US, Japan and other countries will offer a climate finance deal worth as much as $20 billion to help Indonesia shift its coal-dominated power grid away from the polluting...
On November 10, 2022, the Biden-Harris Administration took historic action to address greenhouse gas emissions and protect the Federal Government’s supply chains from climate-related financial risks. In support of President...
Joins six bank working group to advise on attracting private finance at scale for transition projects Deutsche Bank is expanding its support for the Government of Egypt’s ambitious plans for...
The charitable arm of IKEA has released new research examining what investments can deliver the biggest emissions reductions across key sectors, and has pledged to invest €600m across various climate...
Receives Significant Investor Support for Climate Solutions to Help Decarbonize the Global Economy Reinforces Strength of VoLo Earth’s Purpose-Driven Team of Founders, Investors, and Climate Strategists VoLo Earth, an emerging...
China has drafted a new plan to control methane and will promote new technologies and financing mechanisms to slash rising emissions of the greenhouse gas that traps 80 times more...
New York voters approved a $4.2 billion environmental bond on Tuesday, one of the biggest wins for environmental, social and governance infrastructure in eight years and a sign of the...
The World Economic Forum and U.S. Special Presidential Envoy for Climate announced at COP27 the expansion of a coalition of global companies and new purchase commitments for green technologies by 2030 to...
Nestlé has decided to partner with the Africa Food Prize to support its long-standing efforts to transform agriculture in the region. Like Nestlé, the Africa Food Prize aims to expand...
The Council and the European Parliament reached a provisional political agreement on stronger emission reduction targets for member states under the so-called effort sharing regulation. Pending a formal adoption, the...
While a growing number of governments and non-State actors are pledging to be carbon-free, the criteria for net-zero commitments can have loopholes wide enough to “drive a diesel truck through”,...
U.S. climate envoy John Kerry on Wednesday announced the creation of a carbon offset plan meant to help developing countries speed their transition away from fossil fuels. Kerry launched the...
Scaling the Nexus of Water, Food, and Energy: A Blueprint for Emerging Market Climate Finance In a major move to solidify its role as a regional climate leader, Egypt has signed a...
The UK was to grant £200m to the AfDB Group’s Climate Action Window, a new mechanism to channel climate finance The United Kingdom has announced a significant increase in its...
The Indian government’s first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects, as Asia’s third largest economy attempts to tap the...
The Climate Investment Funds (CIF), one of the world’s largest multilateral funds for climate action in developing countries, will finance nature-based solutions to the climate crisis in Egypt, the Dominican...
Namibia said at the COP27 summit on Tuesday that it had secured over 540 million euros ($544 million) in climate finance from the Dutch government and European Investment Bank. One of the...
As a result of its joining Net Zero Asset Managers in 2021, BBVA Asset Management has announced its initial targets for decarbonization of assets under management. This initial commitment affects...
Iberdrola, CaixaBank, BNP Paribas and Cesce have taken a decisive step to boost green finance in Spain. CaixaBank and BNP Paribas have signed a €500 million syndicated green loan with Iberdrola, backed...
The World Bank announced a new multi-partner fund that will pool funding from the global community — including donor countries, the private sector and foundations — for scalable pathways to...
The UK government will provide new funding to help Nigerian farmers adapt to the impact of climate change while improving productivity in Africa’s most populous country. The UK government is...
KKR, a leading global investment firm, and Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, announced...
Kuwaiti Foreign Minister Sheikh Salem Abdullah Al-Jaber AI-Sabah affirmed Monday Kuwait’s commitment to reaching carbon neutrality by 2050 in the oil and gas sector and in other sectors by 2060....
Austria will provide 50 million euros (dollars) to developing countries facing unavoidable damage and losses caused by climate change as it joins a small group of European nations to offer...
InterEnergy’s collaboration with Bank of America and the multilateral will scale renewable energy and infrastructure solutions in Small Island Developing States in the Caribbean Bank of America has approved a landmark...
Citi announced the release of three Global Perspectives & Solutions reports that highlight a range of challenges and opportunities related to the climate crisis. The new research, which underscore the...
Foreign Minister James Cleverly Announces Major Investments During COP27 Summit in Egypt Britain’s Foreign Minister, James Cleverly, recently announced a significant financial commitment to global climate action. Speaking at the COP27 climate...
Logistics Giant Targets 700,000 Tonne $CO_2$ Reduction Through Global Fleet Electrification DP World, the Dubai-based global logistics and ports powerhouse, has signaled a major shift in industrial sustainability with a commitment to...
The Bill & Melinda Gates Foundation echoed African leaders’ calls for countries to rapidly scale-up finance for climate adaptation and pledged to invest $1.4 billion to help smallholder farmers address the immediate...
Honeywell Forge Sustainability+ for Industrials | Emissions Management and Honeywell Versatilis Signal Scout wireless Industrial IoT leak detection sensors enable organizations to measure, monitor, report and reduce emissions. End-to-end, scalable solution to enable...
This letter is being released ahead of COP27 by the World Economic Forum on behalf of the Alliance of CEO Climate Leaders. More than 100 CEOs of large multinational organizations,...
The U.S. Environmental Protection Agency (EPA) said on Thursday it plans to issue tougher greenhouse gas emissions rules for heavy duty trucks and other larger vehicles through at least the...
Grants pledged to Ocean Conservancy, Urban Sustainability Directors Network, Resilient Cities Catalyst, and Regional Plan Association as part of company’s $10 million philanthropic goal toward backing low-carbon communities Ahead of...
Garanti BBVA has entered a strategic partnership with Erguvan, the country’s first and only digital carbon credit trading platform to accelerate compliance for its export clients and help them meet...
Volkswagen AG announced its goal of making its data center operations net carbon-neutral by 2027. To achieve this goal, the Group has expanded its computing capacities at Green Mountain, a...
Aspen Power Partners LLC, a distributed generation platform with the mission of accelerating decarbonization, announced a $350 million investment from funds managed by global investment firm Carlyle. The investment supports Aspen’s organic...
Amazon commits $53 million to accelerate women’s climate innovation and gender equity advancements Amazon and the U.S. Agency for International Development (USAID) are launching a public-private partnership to address the gender...
Runwise Co-Founder and Chief Growth Officer Mike Cook released the following statement: Runwise announces $19M Series A led by Fifth Wall. This brings the Runwise total funding to over $24 million,...
While more than one-third (34%) of the world’s largest companies are now committed to Net Zero, nearly all (93%) will fail to achieve their goals if they don’t at least...
In 2021, the European Union and its 27 member states committed €23.04 billion in climate finance from public sources to support developing countries to reduce their greenhouse gas emissions and adapt to the...
Barclays Eagle Labs and Carbon13 announce five-year partnership to scale over 100 GreenTech businesses through the Venture Launchpad programme Applications open in December for early-stage start-ups that require expertise in...
Emerson will receive $9.5 billion in pre-tax cash proceeds Climate Technologies had $5 billion in fiscal 2022 sales with EBITDA of $1.1 billion Unit includes market-leading Copeland compressor business and...
The governing board of the Climate Investment Funds, one of the world’s largest multilateral funds for climate action in developing countries, endorsed new investment plans set to allocate $1 billion...
As an intermediary step, average emissions of new cars must decrease 55% by 2030 The agreement marks the first step in the adoption of the “Fit for 55” proposals tabled...
One of Amazon’s newest Same-Day sites in Sacramento, California, known as SCA5, will make history as the world’s first-ever Zero Carbon Certified fulfillment center or logistics facility by the International...
BMO is the first North American bank to buy carbon credits generated through CarbonCure’s unique engineered carbon removal solutions BMO continues to innovate to meet its net-zero goals with an agreement to reduce and remove...
Release of interim targets is an important step on the bank’s journey to net-zero RBC also releases Sustainable Finance Framework, outlining its approach to providing $500 billion in sustainable finance by 2025...
Unique partnership with Woods Hole Oceanographic Institution and veteran leadership team deploys vital capital to blue economy ‘narwhals’ at the nexus of ocean innovation, science and technology Propeller a climate-tech fund...
Hydrogen could supply up to half of power needs by 2050 Deputy Prime Minister and Minister for Finance Lawrence Wong outlined Singapore’s national strategy to develop hydrogen as a major...
The company accelerates work with suppliers to decarbonize Apple-related production, and expands investments in clean energy and climate solutions around the world Apple has called on its global supply chain...
Fourth vintage of BlackRock’s flagship global diversified infrastructure equity fund series Fund seeks to capitalize on long-term trends of Decarbonization, Decentralization and Digitalization First closing secures commitments representing over half...
Vancity partners with ecolytiq to be the first financial institution in Canada to provide a Carbon Counter on your Visa credit card Vancity is taking another step in its commitment...
IHS Holding Limited, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today announced its Carbon Reduction Roadmap. The Carbon...
MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, has today announced the launch of the MSCI Climate Action Indexes. The indexes...
New identity focuses on energy innovation and decarbonization to address the world’s energy needs today and to forge the road ahead for the energy transition Schlumberger announced its new name—SLB—underscoring...
The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company for manufacturing Viet Nam’s first fully-electric public transport bus fleet and first national electric vehicle charging...
The Greenhouse Gas Reduction Fund will provide grants to disadvantaged communities to deploy low or zero-emissions projects Fund was established by the passage of the Inflation Reduction Act Capital will...
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $50 million in “quick release” Emergency Relief (ER) funds for use by the Florida Department...
The German states of North Rhine-Westphalia, Brandenburg, Saxony and Saxony Anhalt are launching the Just Transition Fund programming to support their fair transition to a green economy The country has committed...
Deutsche Bank announced net zero aligned targets for 2030 and 2050 in four carbon-intensive sectors. The bank’s goal is to reduce the amount of financed emissions (Scope 3) significantly by...
The International Sustainability Standards Board (ISSB) of the IFRS Foundation has made significant progress refining its first two proposed sustainability-related disclosure standards―[draft] IFRS S1 General Requirements for Disclosure of Sustainability-related Financial...
Challenge will advance the use of sustainable pavements and quantify environmental impacts As part of the U.S. Department of Transportation’s ongoing work to address climate change, the Federal Highway Administration...
Northeast Energy Center and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being built in Charlton, Massachusetts. The NEC project...
Ground-breaking project will establish sector decarbonisation pathways and methodologies for measuring farm-level greenhouse gas emissions Outcomes will be shared publicly and used by Barclays to set emissions reduction targets for...
Standard arranges largest African sustainability linked deal Grit’s debt refinancing targets include gender equality Grit Real Estate Income Group Ltd. is raising as much as $306 million in a sustainability linked...
McKinsey released the following statement: Capability-building will play a critical role in solving the net zero equation. Scaling supply chains and infrastructure, developing analytics tools to assess climate risk, reskilling workers in...
The U.S. Department of the Treasury’s Federal Insurance Office issued a proposed data collection from insurers to assess climate-related financial risk across the United States. FIO is seeking public input...
Projections of hurricane risk in 2030, 2050, 2075 and 2100 will help stakeholders assess the evolution of current risks across a range of future potential climate scenarios Verisk (Nasdaq: VRSK),...
Potash and salt miner K+S announced on Monday it would be investing a mid-three-digit million sum in order to convert its largest potash plant in Germany, Werra, to ensure more environmentally...
To help countries, companies in low-carbon shift Group to be led by former McKinsey exec Dickon Pinner To work across asset classes, geographies BlackRock, the world’s biggest asset manager, has...
Transformation of €11 billion Revolving Credit Facility in line with Mercedes-Benz Ambition 2039 Selected sustainability KPIs geared towards enhancing ESG and cutting CO2 footprint Potential refinancing of the facility in 2024/25...
Oslo public transport to be all electric by end-2023 City aims to be completely emissions-free by 2030 E-buses cheaper to buy and run than diesel -official Oslo is on course...
With a target size of €600 million, the inaugural Lightrock Climate Impact Fund was significantly oversubscribed and closed on €860 million after raising its initial hard cap. The Fund...
The International Monetary Fund’s Resilience and Sustainability Trust is now operational, adding an important financing instrument to help countries deal with climate change, pandemics and other longer-term issues, IMF Managing...
Solution enables businesses to acquire carbon offsets using credit earned on deposits; joins Green Deposits among solutions to help clients meet ESG goals Citizens launched its Carbon Offset Deposit Account...
JPMorgan Chase announced five organizations will receive philanthropic commitments of $3 million each to scale innovative climate resilient affordable housing models. This work is part of the firm’s $400 million five-year...
$3 million initiative will reduce carbon emissions by improving energy efficiency of Chicago homes As climate change accelerates, underserved communities and people of color are increasingly vulnerable to higher energy...
The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power...
The London Stock Exchange has today published the final admission and disclosure standards for London Stock Exchange’s Voluntary Carbon Market (VCM) Designation. (n1922.pdf (londonstockexchange.com) The development marks the launch of the...
New gas engine also increases torque for better everyday responsiveness 2023 Highlander’s high-efficiency turbo gas engine offers more than 50% reduction in NOx and NMOG as well as improvement in...
Earlier coal phase-out contributes significantly to achieving German climate protection goals Neurath D and E power plant units to remain temporarily on the grid to strengthen security of supply and...
Funds will bolster Rwanda’s defenses against climate change Rwanda also agrees to 36-month policy coordination instrument The International Monetary Fund agreed to lend Rwanda about $310 million under a new tool intended...
Customers now have access to GoGreen Plus services for road transportation with DHL Freight, following successful implementation in ocean and air freight GoGreen Plus is part of Deutsche Post DHL...
Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra, a green...
Possible model for other emerging nations Funds would mostly consist of concessional loans from leading nations Negotiators are racing to finalize terms ahead of COP27 beginning on Nov. 6 in...
Maersk has set a net-zero emissions target for 2040 across the entire business and has also set tangible near-term targets for 2030 to ensure significant progress. This includes a 50%...
A panel of the International Financial Services Centres Authority has recommended the development of a voluntary carbon market and the creation of a global climate alliance among other measures to grow the...
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to present its second annual Sustainability Report that sets out the Company’s performance and achievements with respect to its environmental, social and...
The Monetary Authority of Singapore (MAS), together with knowledge partners McKinsey & Company and Convergence Blended Finance, and supported by the Glasgow Financial Alliance for Net Zero (GFANZ), hosted the...
The Federal Reserve Board on Thursday announced that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors...
Bank of America published its most recent Task Force on Climate-related Financial Disclosures report, which includes enhancements in line with guidance published by the Financial Stability Board’s TCFD in 2021 as well...
Money will be used to bolster nation’s environmental defenses Caribbean island is perennial victim of hurricanes, flooding The International Monetary Fund and Barbados agreed to almost $300 million in loans...
Financing for the Mexican state-owned oil giant would be linked to carbon emissions reduction goals Pemex has been under increasing investor pressure to improve environmental track record Spread on Pemex...
Airline’s “roadmap to net zero” strategy focuses on sustainable fuel and more efficient planes Steps validated by the Science-Based Targets Initiative (SBTI) Carbon offsetting in airline industry is regarded by...
Grants will support Czechia’s efforts to phase out coal-fired power by 2033 Targeted assistance aimed at regions that employ 21,000 people in coal and chemicals industry “We will make sure...
He agrees with the UN Secretary General that the current global scenario shows that the energy transition cannot wait, as it is the solution to both the problems created by...
Plans center on increasing energy efficiency, followed by implementation of renewable fuels Interim goal to achieve carbon-free electricity usage by 2030 Trains are among the most sustainable modes of transportation...
Presidents of The Gambia, Seychelles and the Federal Republic of Somalia as Heads of State Keynote Speakers CFA Society New York, the local Society of the CFA Institute and leading...
IKEA joins forces with four global companies by committing to EV 100+ to transition to zero-emission electric trucks by 2040. Electrification of road transport is one of the key solutions...
First-of-its-kind payment option in the financial services industry Shows how investing in strong ESG frameworks can result in tangible benefits “The insurance industry has a central role to play in...
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