Category: Climate

For more from Tim Mohin, sign up for his newsletter here California made headlines in March 2023 when the legislature sent Governor Gavin Newsom three new climate laws. He signed all three into...

Robeco has launched a groundbreaking climate index family designed to meet the evolving needs of investors at various stages of their climate journey. The new suite includes the “Robeco Developed...

Meta’s Commitment to Sustainability In its 2024 Sustainability Report, Meta reaffirms its commitment to creating a sustainable future. The company has been at the forefront of environmental initiatives, focusing on...

The UK has reached a significant milestone in its journey toward renewable energy: 30 gigawatts (GW) of wind power capacity. This achievement marks a crucial step in the country’s commitment...

China’s Hygreen Energy and Spain’s Coxabengoa have taken a bold step to transform Europe’s green hydrogen market. The companies have signed a strategic agreement to collaborate on hydrogen technology advancement...

The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration on sustainable energy initiatives...

Qatar’s renewable energy efforts are ramping up with the launch of the ‘BeSolar’ service by the Qatar General Electricity and Water Corporation (Kahramaa). This new initiative is a significant step...

India is on a path to significantly expand its bioeconomy, with projections indicating growth from $130 billion in 2024 to $300 billion by 2030. This expansion is driven by the...

Clean energy jobs in the U.S. are on the rise, growing at more than double the rate of the overall job market in 2023. The U.S. Energy and Employment Report...

Worley, a global engineering leader based in Australia, is set to kick off the Front-End Engineering Design (FEED) phase for a $7 billion green ammonia project in Morocco’s Tarfaya region...

U.S. hospitals are adopting medical device reprocessing as a key strategy to cut costs, reduce waste, and minimize greenhouse gas emissions. Cardinal Health’s Sustainable Technologies™ division is leading this shift,...

The European Commission’s REPowerEU Plan, launched in May 2022, aims to transform Europe’s energy landscape by reducing reliance on Russian fossil fuels and boosting renewable energy production. This strategic move...

Sunly’s Major Investment Move Renewable energy company Sunly has secured €300 million in funding to enhance its production capacity in the Baltics and Poland. This significant investment, sourced from prominent...

Wärtsilä and Eidesvik Offshore are making history. In a groundbreaking partnership, the two companies are set to convert the offshore platform supply vessel (PSV) ‘Viking Energy’ to operate on ammonia...

A recent report by the Actuaries Institute reveals a concerning rise in home insurance affordability stress in Australia. The “Home Insurance Affordability and Home Loans at Risk Report,” authored by...

IHG Hotels & Resorts is making strides in sustainability with its new Low Carbon Pioneers program. CEO Elie Maalouf shared insights on this initiative, which focuses on reducing carbon emissions...

Norges Bank Investment Management (NBIM) has taken a significant step in expanding its renewable energy portfolio. On August 23rd, NBIM committed €900 million to Copenhagen Infrastructure Partners’ (CIP) fifth flagship...

For more from Tim Mohin, sign up for his newsletter here To say the SEC’s Climate Rule has gone through the wringer would be an understatement. The policy has faced fierce...

Australia’s Senate has passed the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024, setting the stage for a new era of mandatory climate risk disclosures. Starting in...

Japan made a significant stride in energy transition on Wednesday by signing 70 memorandums of understanding (MOUs) with various partners. These agreements were secured during the Asia Zero Emission Community...

China’s National Development Bank (NDB) has taken another significant step in supporting sustainable finance by issuing 12 billion yuan (approximately $1.7 billion) in green financial bonds. These three-year bonds, offered...

Australia has officially approved SunCable’s ambitious Australia-Asia Power Link (AAPowerLink), a $13.5 billion solar power project that will export renewable energy from the Northern Territory to Singapore via a 4,300...

RepAir Carbon US Inc. and C-Questra have teamed up to launch the European Union’s first onshore Direct Air Capture and Storage (DACS) project in Grandpuits, France. This collaboration marks a...

Amprion has successfully issued a green bond worth €1.1 billion, split into two tranches. This bond issuance, which falls under Amprion’s €9 billion debt issuance program, was met with significant...

ESG Book, a global leader in sustainability data and technology, has announced a strategic partnership with Vyzrd, a prominent Climate Risk and ESG intelligence platform. This collaboration merges ESG Book’s...

PETRONAS, ADNOC, and Storegga have signed a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) storage capabilities of saline aquifers and develop CCS facilities in the...

The Path to a Clean Energy Future Accurate carbon accounting is key to achieving a sustainable energy transition. To track and reduce carbon emissions effectively, companies need access to detailed,...

Canada Growth Fund (CGF) is committing up to $100 million to Svante Technologies Inc., a leader in carbon capture solutions, to fast-track the development and deployment of their innovative technologies...

KLA Corporation (NASDAQ: KLAC), a leader in semiconductor equipment and services, has achieved a significant milestone: the Science Based Targets initiative (SBTi) has validated its near-term greenhouse gas (GHG) emissions...

Ukraine is embarking on a $20 billion plan to significantly expand its renewable energy sector, aiming to increase the share of renewables in its energy mix to 27% by 2030....

SpaceX is set to launch Tanager-1, a methane-detecting satellite, developed by Planet Labs PBC with NASA’s Jet Propulsion Laboratory technology. This marks a significant step in tracking methane emissions, a...

Guidewheel has raised an oversubscribed $31 million Series B funding round, spearheaded by Decarbonization Partners, a collaboration between BlackRock and Temasek. This round also saw participation from notable investors including...

The Asian Infrastructure Investment Bank (AIIB) has committed up to INR7.3 billion (approximately USD88 million) to the ENGIE Solar Power Project, a pivotal initiative in India’s renewable energy expansion. This...

Poland’s Offshore Wind Ambition Poland is setting sail on a significant green energy initiative, launching a nearly €5 billion ($5.46 billion) loan program aimed at bolstering offshore wind projects on...

Kimco Realty® (NYSE: KIM), a prominent REIT and leader in high-quality, open-air, grocery-anchored shopping centers and mixed-use properties across the U.S., has achieved a significant milestone with the full allocation...

RWE, the third-largest renewable energy company in the U.S., has secured two long-term power purchase agreements (PPAs) with Meta. These agreements will provide a combined capacity of 374 megawatts (MW)...

Key Impact Points: Tesla’s Musk Makes the Case for Sustainable Energy with Trump Tesla CEO Elon Musk engaged in a two-hour conversation with former President Donald Trump, discussing the future...

Nearly 80 Nobel laureates and former world leaders have raised strong objections to the removal of explicit references to fossil fuels in the draft UN climate pact ahead of a...

Goldman Sachs’ fund division has announced its exit from the investor engagement group Climate Action 100+, following a series of withdrawals by U.S. financial services companies facing political pressure. The...

Pivot Energy, a leading renewable energy provider, has entered into a transformative 5-year framework agreement with Microsoft to develop up to 500 MWac of community-scale solar energy projects across the...

The U.S. Department of Energy is providing a $1.45 billion loan to Qcells, a South Korean firm, to bolster the solar manufacturing supply chain in the U.S. This marks a...

South Africa is on the brink of a renewable energy revolution, with President Cyril Ramaphosa highlighting its potential to spur significant economic growth and job creation over the next decade...

For more from Tim Mohin, sign up for his newsletter here Kamala Harris has a long history of supporting climate policy. This week’s announcement of Minnesota Governor Tim Walz as her running mate further...

The BBC has solidified its commitment to a sustainable future with the approval of ambitious Net Zero targets, verified by the Science-Based Targets initiative (SBTi). These targets are a cornerstone...

Spiritus, a leader in climate technology, is advancing its Direct Air Capture (DAC) ambitions with the recent filing of a Class VI permit application with the Wyoming Department of Environmental...

In Defense of Investor Interests The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors...

Key Impact Points: The Great Barrier Reef, one of Earth’s most iconic natural wonders, is facing unprecedented threats due to rising ocean temperatures, according to new research published in Nature....

Natural Resources and Carbon Emissions: The Role of Risk Factors The management of natural resources is crucial for reducing carbon emissions. This study investigates how economic, financial, and political risks...

Freeport East Partners with ITES for Green Transport Growth Freeport East has teamed up with Innovating for Transport and Energy Systems (ITES) to drive clean transport innovation and enhance trade...

The Integrity Council for the Voluntary Carbon Market announced that current renewable energy methodologies won’t qualify for the high-integrity CCP® (Core Carbon Principles) label. These methodologies, representing nearly a third...

Pioneering Efficiency and Safety Ørsted, a global leader in offshore wind, has launched the world’s first heavy-lift cargo drone (HLCD) operations at the Borssele 1&2 Offshore Wind Farm. This marks...

The Ministry of Trade and Industry (MTI) introduced the Energy Transition Measures and Other Amendments Bill to Parliament, aiming to amend the EMA Act, Electricity Act, and Gas Act. These...

Standard Chartered announced the successful closing of a six-year, $235 million non-recourse senior secured term green loan. The funds will develop, construct, and operate a 1.35 million square foot solar...

Iberdrola, through its US subsidiary NYSEG (New York State Electric & Gas Company), successfully placed a USD 525 million (EUR 490 million) 10-year green bond issue in the US. This...

Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. have announced a strategic partnership to bring 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets....

The APEC Business Advisory Council (ABAC) wrapped up its Tokyo meeting with a strong call for action on trade, digitalization, and climate response. Urgent Economic and Climate Action “Tackling trade...

Mitsubishi Heavy Industries, Ltd. (MHI) has submitted a revised shelf registration statement for the issuance of its third series of transition bonds. This marks the third consecutive year MHI has...

Britain’s financial watchdog has expanded the range of “dormant” assets, potentially unlocking an extra 880 million pounds ($1.12 billion) to fund social and environmental projects. This expansion aims to support...

Breakthrough Energy Ventures (BEV), backed by Bill Gates, has secured $839 million for its third flagship fund, BEV III, according to a recent regulatory filing. This makes it the largest...

Iberdrola has secured a €500 million syndicated green loan with ICO, Sabadell, and HSBC, covered by Cesce through its Green Investment Policy on behalf of the State. The loan, guaranteed...

Goldman Sachs Fuels BrightNight’s Growth BrightNight, a top renewable power firm, secures a $440 million investment from Goldman Sachs Alternatives. This funding will fully finance BrightNight’s five-year plan and its...

Microsoft has bought over 80,000 metric tons of carbon removals from the Blue Creek Improved Forest Management Project, managed by Western Rivers Conservancy (WRC) in Northern California. This purchase aligns...

The UK government has announced a record budget of over £1.5 billion for the next renewable energy auction, aiming to enhance energy security and reduce costs for families and businesses....

The International Accounting Standards Board (IASB) has published a consultation document proposing eight examples to illustrate how companies should report the effects of climate-related and other uncertainties in their financial...

ISS ESG, the sustainable investment arm of ISS STOXX, has introduced a new Industry Average Emission Intensity Data Set as part of a major augmentation to its Climate Solutions. This...

Schneider Electric, a leader in energy management and automation, released its Q2 2024 sustainability scores alongside half-year financial results. This update is part of their Sustainability Impact (SSI) program, essential...

ArcLight has launched SkyVest Renewables, committing an initial $500 million to operate and optimize renewable assets. As part of this initiative, ArcLight has acquired a 160 MW wind farm in...

The Science Based Targets initiative (SBTi) has released four technical documents, marking an early step in revising the Corporate Net-Zero Standard. This effort aims to enhance strategies for addressing scope...

Enhanced Biodiversity Reporting Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability mapping resource. This tool outlines the alignment between TNFD Disclosure...

Google, PacificLight Energy (PLE), and Rexus Bioenergy (RExus) have entered a 10-year collaboration. PacificLight will offtake renewable energy from RExus’s Waste Wood-to-Energy (WWtE) Plant and supply it to Google. This...

A recent survey of nearly 500 sustainability professionals by Salesforce reveals a complex relationship between AI and sustainability. While 4 in 10 professionals worry about AI’s potential negative impacts, 57%...

The European Investment Bank (EIB) has activated a €5 billion initiative to bolster Europe’s wind-energy equipment manufacturers. This includes a €500 million counter-guarantee to Deutsche Bank AG, facilitating up to...

The Spanish government has approved nearly 300 renewable power projects, aiming to boost the country’s green energy capacity by over 28 gigawatts. This move, announced on Monday, is part of...

Air New Zealand Adjusts Emission Goals Air New Zealand has retracted its 2030 emissions reduction target, citing delays in the delivery of fuel-efficient aircraft and the high cost of green...

Veolia has solidified its position as a leader in ecological transformation, earning validation from the Science Based Targets initiative (SBTi) for its accelerated decarbonization goals. This recognition follows the company’s...

Enel S.p.A. has approved a share buyback program to purchase 2.9 million treasury shares, approximately 0.029% of its share capital. This program, running from September 16 to December 16, 2024,...

SAEL group has successfully issued its first US dollar-denominated green bonds, raising $305 million in the international markets. This marks a significant milestone, providing the company access to a deeper,...

Universal Hydrogen’s Dream Crashes Universal Hydrogen aimed to revolutionize hydrogen-powered flights with nearly $100M from investors like Playground Global and Toyota Ventures. The company liquidated after failing to secure further...

VF Corporation (NYSE: VFC), a global leader in apparel, footwear, and accessories, has released its 2024 Green Bond Impact Report. The report details the full allocation of net proceeds from...

NEG8 Carbon, an innovative Irish company, is spearheading efforts to combat climate change by removing carbon from the atmosphere. With the goal of capturing 100 million tonnes of CO2 annually...

Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced a major partnership between Great British Energy and The Crown Estate, projected to drive up to £60 billion in private...

Brazil has endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework at a G20-COP28 event, strengthening its commitment to sustainable finance. This move, announced by Finance Minister...

Cyan Renewables (“Cyan”), Asia’s leading offshore wind services platform, announced its acquisition of Australian offshore marine services provider MMA Offshore (“MMA”) (ASX) for A$1.1B (US$702M). This landmark deal makes Cyan...

The Inter-American Development Bank (IDB), alongside Brazilian public banks BNDES, Banco do Brasil (BB), and Caixa Econômica Federal (CAIXA), announced plans to develop an exchange-traded fund (ETF) focused on sustainable...

NGP has launched NGP Sustainable Real Assets, LLC, securing approximately $500 million from NGP’s Energy Transition IV fund and co-investors. NGP SRA focuses on developing clean energy assets, including power,...

Driving Climate Strategy: A Board’s Role Boards must take decisive actions to realize long-term value from climate strategies and boost stakeholder confidence. Climate Disclosures in Singapore Singapore mandates all listed...

Mars Achieves Record Emissions Reduction Amidst Growth Mars, Incorporated has made significant strides in reducing its carbon footprint. The 2023 Mars Sustainable in a Generation Report reveals a record 8%...

Google and DHL Team Up for Sustainable Shipping DHL and Google have partnered to utilize the DHL Express GoGreen Plus service, employing Sustainable Aviation Fuel (SAF) for express shipping of...

Unlocking Public Financing for Climate Tech Barclays has unveiled four critical recommendations for the new UK Government to boost financing and scale next-generation climate tech companies, which are essential for...

The Iberian Peninsula is spearheading Europe’s cleantech transformation, with a forecasted investment of over €150 billion and the creation of approximately 2.65 million jobs by 2030. These insights come from...

Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) has announced a major step in its green financing efforts with the issuance of C$400 million in medium-term notes. The issuance includes...

The Google Research team has unveiled Neural General Circulation Models, a revolutionary hybrid general circulation model (GCM) that merges traditional physics-based methods with advanced machine-learning components. Published in Nature, this...