Category: Climate
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...
United Nations Secretary-General Antonio Guterres on Monday called for agreement to reach net zero greenhouse gas emissions by 2050 at crunch shipping talks in London this week and urged decarbonisation...
New federal agency collaboration leverages investments made possible by President Biden’s Investing in America agenda to protect communities from harmful pollution The U.S. Environmental Protection Agency (EPA) and U.S. Department...
The World Bank’s Board of Executive Directors approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India promote low-carbon energy by scaling up...
BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast...
In an important step for carbon markets, and key milestone for the Carbon Opportunities Fund and Sumitomo Corporation of Americas (SCOA) announced one of the first transactions of tokenized carbon...
FertigHy, a company founded by EIT InnoEnergy, RIC Energy, MAIRE, Siemens Financial Services, InVivo and HEINEKEN, launches to pioneer the low-carbon transition of the European fertiliser industry. FertigHy aims to...
BBVA Asset Management published its first report on environmental activity, based on the recommendations of the Task Force on Climate Financial Disclosures (TCFD). It is the first Spanish asset manager...
Agreement with NRG Energy boosts progress toward 2030 emission reduction targets PPG announced an agreement with NRG Energy Inc. brand Direct Energy that will enable four PPG paints and coatings...
Turkey’s first and only carbon trading platform, Erguvan (erguvan.co), has offset the carbon emissions of airport operator TAV in Ankara, Izmir and Enfidha. TAV supported two Verra-licensed projects, one of the leading...
The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...
A new report produced by Insightia, a Diligent brand, reveals that Europe leads the world in Environmental and Social scores, with the U.S. leading in Governance U.S. organizations are proactively...
The Secretariat of the Climate Data Steering Committee, Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) have signed a MoU to collaborate on strengthening access by stakeholders around...
IFC and First Balfour, a leading engineering and construction company in the Philippines, have agreed to collaborate to ramp up efforts to decarbonize the transport sector, supporting the country’s climate...
Finance Secretary Benjamin E. Diokno and World Bank Country Director for the Philippines Ndiamé Diop signed four (4) loan agreements amounting to US$1.14 billion on June 26, 2023 at the...
Studio Leaders Steer New Cleantech Initiative With Nonprofit RMI Entertainment and studio leaders Netflix and The Walt Disney Company launched the Clean Mobile Power Initiative with the participation and support...
GAIA – a proposed $1.5 billion climate and blended finance platform projected to reach nearly 20 million direct and indirect beneficiaries across 25 developing and emerging countries – prepares to...
Under an agreement announced, the International Finance Corporation (IFC), will invest up to $500 million in PT Bank BTPN Tbk, comprising a social bond and a green bond issuance. The...
Physical Climate Risk Metrics enables investors to assess the financial impacts of portfolio companies’ direct and indirect climate risks Morningstar Sustainalytics, a leading global provider of ESG data, research, and ratings, announces...
India’s climate-focused venture capital firm Avaana Capital said on Wednesday it raised $70 million in its first funding round as it looks to invest in the clean energy and climate-technology...
Boston Consulting Group (BCG), one of the world’s leading management consulting firms, and CarbonCapture Inc., a leading direct air capture (DAC) company, announced a partnership that covers both BCG’s purchase of...
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