Category: Climate
Nordea has signed a multi-year contract with Norwegian firm Inherit Carbon Solutions to capture and permanently store at least 68,000 tonnes of CO2, significantly bolstering its carbon removal strategy. “This...
The Science-Based Targets initiative (SBTi) has released a draft of its updated Corporate Net-Zero Standard, reaffirming a cautious stance on carbon credits while introducing practical measures for faster corporate decarbonization....
Sarasin & Partners, a leading investor co-leading climate negotiations with Equinor, has fully divested its holdings, criticizing the oil major’s failure to align its strategy with the Paris Agreement’s climate...
SBM Offshore today announced a global collaboration agreement with Microsoft to develop AI-driven, carbon-free floating power solutions, responding directly to rising global demand for reliable, affordable, and sustainable electricity. The...
European Commission President Ursula von der Leyen announced a €4.7 billion Global Gateway investment in South Africa at the EU-South Africa Summit in Cape Town today. This marks the initiation...
FireSat Revolutionizes Wildfire Detection The first satellite of the groundbreaking FireSat constellation has successfully launched, promising to transform wildfire detection and response by leveraging artificial intelligence. Developed through a collaboration...
Allianz demonstrated substantial progress on its climate strategy in fiscal year 2024, positioning itself as a benchmark in sustainability reporting and business resilience. The publication of the insurance industry’s first...
The Premier League has unveiled its Environmental Sustainability Strategy, outlining a comprehensive roadmap to reduce its carbon footprint, support clubs in adopting greener operations, and engage fans in sustainability initiatives....
Terabase Energy, a pioneer in digital and automation technologies for utility-scale solar, secured a $130 million Series C funding round led by SoftBank Vision Fund 2, joined by strategic investors....
Capture6 completed a $27.5 million Series A and project funding round to advance its groundbreaking technology that converts waste brine from water treatment into freshwater and carbon capture solutions. CEO...
TotalEnergies and RWE have signed a landmark agreement to supply TotalEnergies’ Leuna refinery with 30,000 tons per year of green hydrogen, significantly reducing its carbon footprint. The 15-year deal, starting...
SSE plc, the UK’s largest corporate issuer of green bonds, has successfully issued a €600m, seven-year green bond with a coupon of 3.5%, maturing on 18 March 2032. This marks...
Major global corporations, including Amazon and Google, signed a groundbreaking pledge at the CERAWeek 2025 conference, aiming to triple global nuclear energy capacity by 2050. The initiative marks the first...
ClimeFi has launched its Analyst Rating, a groundbreaking innovation designed to transform how executives and investors evaluate carbon dioxide removal (CDR) projects. Inspired by the financial sector’s approach to equity...
The Science Based Targets initiative (SBTi) has joined forces with Climate Action for Associations (CAFA) to fast-track corporate climate action across global trade associations. Leveraging SBTi’s expertise in setting science-backed...
Renaissance Fusion, Europe’s first magnetic confinement fusion startup, has raised €32 million ($33.2 million) in Series A funding to advance its nuclear fusion reactor and High Temperature Superconductors (HTS) technology....
Liverpool FC is teaming up with 1PointFive, a U.S.-based carbon capture company, to launch exclusive, eco-friendly products for fans. The club will calculate the emissions from manufacturing and distribution (up...
Morocco’s government committee has approved major green hydrogen projects valued at 319 billion dirhams ($32.5 billion), aligning with its push for renewable energy dominance and European export goals. Who’s Involved...
What’s happening: Indian oil giant ONGC’s renewable unit, ONGC Green, has acquired clean energy firm PTC Energy for 9.25 billion rupees ($106M). The deal adds 288 MW of operational wind...
Nedbank Group Ltd. and Norwegian investment firm Norfund AS are acquiring a significant stake in Pele Energy Group, co-founded by former JPMorgan Chase banker Gqi Raoleka. The investment aligns with...
GE Vernova and Amazon Web Services (AWS) have signed a strategic framework agreement to power AWS’s expanding data centers while advancing energy security, grid reliability, and carbon reduction efforts. Why...
Key Impact Points: BBVA has teamed up with BloombergNEF (BNEF) to bolster its expertise in clean technology and the energy transition. This partnership gives BBVA access to BNEF’s research and...
Key Impact Points: China’s Climate Strategy: A Dual Approach China, the world’s largest emitter of greenhouse gases, is pushing forward with major renewable energy projects to meet its 2030 carbon...
Amazon Web Services (AWS) is leveraging AI to combat flood risks in Aragon, Spain, where it’s investing €15.7B ($17B) in new data centers. The initiative aims to strengthen local infrastructure...
The 2025 Global Risks Landscape The 2025 WEF Global Risks Report underscores that nature-related risks remain one of the most persistent and pressing challenges for businesses. Political shifts won’t change...
Frontier has signed a groundbreaking $30.6 million deal with Phlair, an innovator in electrochemical direct air capture (DAC) technology, to remove 47,000 tons of CO₂ between 2027 and 2030. The...
The UK Government’s Seventh Carbon Budget sets an ambitious target to limit greenhouse gas emissions to 535 MtCO2e from 2038 to 2042. This includes emissions from international aviation and shipping...
United’s Bet on Carbon Capture: United Airlines’ UAV Sustainable Flight Fund is backing Heirloom, a leader in direct air capture (DAC) technology, to boost its decarbonization strategy. The investment includes...
AstraZeneca’s Green Energy Leap: AstraZeneca has launched a biomethane plant in Lincolnshire, England, to power all of its UK research and drug manufacturing facilities with clean energy by the end...
Standard Chartered’s Ambitious Climate Strategy Standard Chartered has released its detailed Transition Plan, showcasing how the bank will integrate climate considerations into all aspects of its operations, aiming for net...
The European Commission has launched the Clean Industrial Deal, a sweeping business plan aimed at reinforcing industrial competitiveness, reducing emissions, and securing Europe’s clean energy future. The €100 billion initiative...
Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has acquired full ownership of the 480MW Morecambe offshore wind project from COBRA Group and Flotation Energy, a...
KKR, a global investment powerhouse, has entered a strategic partnership with Düsseldorf-based energy service provider EGC, aiming to accelerate EGC’s growth and establish it as a premier decarbonization partner for...
India’s Green Power Surge: Indian state-owned power giant NTPC is making a bold move into renewable energy, committing over 2 trillion rupees ($23.07 billion) to projects in Madhya Pradesh. The...
Cushman & Wakefield has appointed Mika Kania as Head of Sustainability Advisory for Asia Pacific, underscoring the firm’s commitment to advancing sustainability in the real estate sector. Kania, based in...
National Grid is offloading its U.S. onshore renewables business to Brookfield Asset Management as part of a broader divestment strategy. The sale, valued at $1.74 billion including debt, reflects the...
Cities are stepping up in the fight against climate change, but a significant funding gap threatens progress. New data from CDP, in collaboration with the Global Covenant of Mayors for...
The Green Climate Fund (GCF) announced $686.8 million in investments this week, contributing to $1.5 billion in climate action initiatives when combined with co-financing. The 11 approved projects will support...
Bloomberg Launches MARS Climate to Manage Portfolio Climate Risks Bloomberg has expanded its Multi-Asset Risk Management suite (MARS) with a new module, MARS Climate, designed to help portfolio and risk...
MSCI and Swiss Re Reinsurance Solutions are collaborating to strengthen the financial sector’s approach to physical climate risk management. The partnership integrates MSCI’s GeoSpatial Asset Intelligence with Swiss Re’s proprietary...
Heineken’s Sustainability Progress in 2024 Heineken N.V. (“HEINEKEN”) publishes its combined Financial and Sustainability Annual Report 2024, highlighting broad-based growth, profit expansion, and sustainability impact. The report outlines Heineken’s significant...
South Pole Names Dara Olufon as Co-Head of Global Climate Advisory South Pole, a leader in carbon asset development and climate consultancy, has appointed Dara Olufon as Co-Head of its...
TikTok’s Multi-Year Carbon Commitment TikTok has entered a multi-year partnership with Climeworks to remove 5,100 tons of CO₂ from the atmosphere by 2030. The plan combines Direct Air Capture, Biochar,...
Climate Fund Managers (CFM) announced the launch of Climate Investor Three (CI3), a blended finance fund targeting the energy transition and green hydrogen sectors. The fund has already secured €150...
Australia’s Green Iron Push Australia on Thursday unveiled a A$1 billion ($636 million) Green Iron Investment Fund to support green iron manufacturing and its supply chains, including an initial A$500...
Schneider Electric’s Sustainability Milestone: Schneider Electric, a global leader in energy management and automation, exceeded its 2024 sustainability targets with a Sustainability Impact (SSI) score of 7.55, outpacing the 7.40...
Eurostat’s latest report shows a continued decoupling of emissions from economic growth. Sector trends: Related Article: EU Invests €4.8 Billion from Emissions Trading Revenues to Fund Net-Zero Projects Country breakdown:...
Nestlé and Mars have partnered with New Zealand-based dairy cooperative Fonterra to fund new initiatives aimed at reducing the climate footprint of dairy farming. Dairy is the largest source of...
ONGPL, a 50:50 joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), has signed a Share Purchase Agreement (SPA) to acquire a 100% stake in Ayana...
Ingka Group today released its Net Zero Transition Plan, reinforcing its climate commitments and aligning with the Paris Agreement’s 1.5°C target. The plan details a roadmap to significantly cut emissions...
Japan’s government approved a long-term plan to cut emissions, revise energy policy, and boost industrial capacity through 2040. The strategy aims to stabilize business policies while ensuring energy security and...
Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) to drive clean energy expansion in Africa and Asia, reinforcing UAE-France business cooperation. Strategic Collaboration The agreement, signed on...
A New Framework for Climate Decision-Making JPMorgan has introduced Climate Intuition, a new thought leadership series aimed at equipping businesses and investors with the tools to navigate climate-related risks and...
Bloom Energy and Chart Industries have announced a strategic carbon capture partnership to provide low-emission, always-on power using natural gas and sequestration technology. The collaboration is designed to support energy-intensive...
Governor Kathy Hochul announced $150 million in funding to decarbonize public college campuses in New York. The investment, part of the $4.2 billion Clean Water, Clean Air, and Green Jobs...
BNP Paribas and the European Investment Bank (EIB) have signed an agreement that could generate up to €8 billion in wind energy investments across the European Union. This initiative aims...
Columbia Climate School is launching the first Master of Science in Climate Finance in the U.S., in collaboration with Columbia Business School. This one-year interdisciplinary degree aims to equip professionals...
Climate First Bank has named Chris Castro as its new Executive Vice President and Chief Sustainability Officer. Castro, a recognized sustainability leader, previously served in the Biden-Harris Administration as Chief...
Belgium-based Junction Growth Investors announced the successful closing of its first fund at €115M, surpassing its initial goal despite market challenges. The fund targets growth and buyout capital for European...
Gulf Cooperation Council (GCC) nations have announced a landmark $100 billion investment in renewable energy by 2030. The move is part of a broader strategy to transition towards clean energy...
Cargill is expanding its footprint in Brazil’s renewable energy sector by acquiring the remaining 50% stake in SJC Bioenergia. The move gives Cargill full control of the sugar-energy company, reinforcing...
The news: Vattenfall has joined the Corporate Leaders Group Europe (CLG), reinforcing its commitment to a fossil-free future. The CLG, founded by the Cambridge Institute for Sustainability Leadership, unites business...
Driving Carbon Removal at Scale Google is ramping up its commitment to carbon removal, contracting over $100 million in credits—three times its 2023 pledge. Through independent purchases and the Frontier...
Altus Power , the largest owner of commercial-scale solar in the U.S., has entered into a definitive agreement to be acquired by TPG through its Rise Climate Transition Infrastructure strategy....
Driving Ocean & Coastal Research The BNP Paribas Foundation is launching the 6th edition of its Climate & Biodiversity Initiative, focusing on ocean and coastal ecosystems. With ocean acidification, coastal...
LEGO Scales Up Renewable Energy LEGO has ramped up its solar power efforts, adding 22 MWp of capacity globally since 2022. This includes a 400% increase at its Billund, Denmark...
IKEA Accelerates Shift to Renewable Electricity IKEA increased the share of renewable electricity in production to 75% in FY24, up from 71%. To drive further adoption, the company launched a...
The transition to a net-zero economy presents both unparalleled investment opportunities and significant financial risks. By 2050, the energy transition could generate $53 trillion in clean energy and infrastructure investments,...
Ørsted’s Board of Directors has announced Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as the company’s new Group President and CEO, replacing Mads Nipper. Errboe will officially assume...
The cement industry accounts for roughly 8% of global CO2 emissions. NeoCarbon’s carbon-curing technology could help significantly reduce this footprint. The breakthrough: NeoCarbon, a startup specializing in DAC solutions, has...
Driving Renewable Growth Macquarie Asset Management, on behalf of managed funds, has provided €97 million in debt financing to Greenalia Power Spain. The funding will support Greenalia’s onshore wind, biomass,...
Greentown Labs has named Georgina Campbell Flatter as its new Chief Executive Officer, following a $4 million funding round and board restructuring. Flatter’s background spans entrepreneurship, climate innovation, and nonprofit...
Investec has successfully closed financing for SolarAfrica’s SunCentral 1, securing the first 114 MW of the company’s utility-scale solar farm in the Northern Cape. The deal, valued at R1.8 billion,...
Santiago ranks 126th in global traffic congestion, with commuters spending over 23 minutes at traffic lights on a typical 10-kilometer trip, according to the TomTom Traffic Index 2024. This stop-and-go...
The LEGO Group is expanding its sustainability efforts with a DKK 19 million commitment toward four carbon removal projects in collaboration with Climate Impact Partners and ClimeFi. The projects aim...
Expanding Global Renewable Footprint Amazon and Iberdrola, a leading clean energy provider, have expanded their renewable energy partnership with an additional 476 MW in power purchase agreements (PPAs). This brings...
New Zealand has announced its second international climate target, aiming for a 51-55% reduction in emissions from 2005 levels by 2035, Climate Change Minister Simon Watts confirmed today. “We have...
Zurich Insurance Group has secured a long-term carbon dioxide removal agreement with Nellie, marking a milestone in commercial-scale engineered carbon removal. Why It Matters: After three years of development, Nellie’s...
Meta and Zelestra have expanded their clean energy partnership, signing four new EAPAs that will support the construction of 720 MWdc of solar projects across Hopkins, Lamar, Lampasas, and Henderson...
Repsol has approved a landmark investment in Catalonia to build Europe’s first facility transforming municipal waste into renewable methanol—a crucial fuel for decarbonizing transport and promoting the circular economy. “This...
Britain submitted its climate action plan to the UNFCCC, confirming its commitment to cutting greenhouse gas emissions by 81% by 2035. This follows Prime Minister Keir Starmer’s pledge at COP29...
What’s new: The IFRS Foundation published Applying IFRS S1 when reporting only climate-related disclosures in accordance with IFRS S2, a guide aimed at helping companies navigate climate-specific reporting under ISSB...
Blueleaf Energy and Jakson Green are joining forces to develop a 1-gigawatt (GW) solar portfolio in Rajasthan, India. The $400 million investment aims to accelerate India’s clean energy transition. The...
TotalEnergies and STMicroelectronics have signed a physical Power Purchase Agreement (PPA) to supply renewable electricity to STMicroelectronics’ sites in France. The agreement, commencing in January 2025, guarantees 1.5 TWh of...
Switzerland’s Updated Climate Commitments The Federal Council has approved Switzerland’s new climate reduction target under the Paris Agreement, reinforcing its commitment to cutting emissions primarily through domestic measures. “The objectives...
Schneider Electric and Atmen have joined forces to drive digital innovation in sustainability compliance and traceability for power-to-X (PtX) supply chains. Why It Matters: With operations in over 100 countries,...
LRQA has acquired RESET Carbon, a leading corporate and supply chain carbon management firm, reinforcing its commitment to ESG assurance, sustainability, and risk management. Why it matters: The acquisition strengthens...
Manulife Forest Fund Manulife Investment Management Closes $480M Forest Climate Fund Key Takeaways: Manulife Investment Management has completed the third and final close of its $480.1 million Manulife Forest Climate Fund,...
The BBC has unveiled its first Climate Transition Plan, outlining its roadmap to achieve Net Zero emissions by 2050. This milestone reflects the Corporation’s dedication to building a sustainable organization...
Qatar is accelerating its commitment to sustainable development with a $2.5 billion (QR9.10bn) green bond initiative targeting renewable energy projects, infrastructure improvements, and environmentally friendly real estate development. Michael Brady,...
Michael Bloomberg, founder of Bloomberg LP, UN Special Envoy for Climate Ambition and Solutions, and former New York City mayor, has pledged to fund U.S. obligations under the Paris Agreement....
EIT InnoEnergy, the European Union-backed leader in sustainable energy innovation, closed 2024 with €4.3 billion raised for its portfolio of cleantech start-ups and scale-ups, cementing its role as a key...
2024 marked a transformative year for the Green Climate Fund (GCF) as it advanced its mission to empower developing nations facing the climate crisis. Here’s how GCF delivered tangible progress...
Schroders, a leading global active investment manager, announced its intention to adopt all four of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels, covering 16 funds. This move...
CEOs See Economic Growth Ahead Nearly 60% of CEOs worldwide predict global economic growth will rise over the next 12 months, according to PwC’s 28th Annual Global CEO Survey, launched...
Orennia Inc. has announced the successful close of its Series C growth financing round, led by Decarbonization Partners—a collaboration between BlackRock and Temasek—alongside contributions from existing investors. The funding will...
re.green and Microsoft Double Down on Forest Restoration in the Amazon and Atlantic Forests Doubling down the impact: Less than a year after the start of our first collaboration, we...
BNP Paribas Asset Management (BNPP AM) announced the final close of its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), securing €172 million in capital. This exceeded the initial target...
Ukraine’s largest private energy company, DTEK, announced plans to invest €450 million ($468.59 million) to expand its Tyligulska Wind Power Plant near the Black Sea coast. This project, set to...
The European Bank for Reconstruction and Development (EBRD) has appointed Gianpiero Nacci as its Managing Director for Climate Strategy and Delivery (CSD), effective 1 January 2025. This appointment comes as...
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