Category: Climate
Algebris Investments has launched its first venture capital fund, Algebris Climatech, with an initial close of approximately €60 million. Institutional investors, including major Italian pension funds and CDP Venture Capital,...
Etihad Rail, the operator of the UAE National Railway Network, has introduced the region’s first-ever “CO2 Emission Avoidance and Reduction Certificates.” The initiative quantifies and validates carbon savings achieved by...
Amazon continues to dominate renewable energy procurement, securing its position as the largest corporate buyer for the fifth consecutive year, according to Bloomberg NEF. The company has supported more than...
Australia Invests $2 Billion in Aluminium The Albanese Labor Government is investing a record $2 billion into Australia’s aluminium sector, aiming to secure jobs and boost the industry’s future. This...
A recent CDP Corporate Health Check reveals that 80% of companies on track to meet climate targets now tie executive pay to achieving these goals, underscoring the importance of governance...
Italy, Albania, and the United Arab Emirates (UAE) have signed a groundbreaking €1 billion ($1 billion) agreement to construct a subsea energy interconnection across the Adriatic Sea. This project will...
Decarbonizing Canada’s electricity grids offers an unparalleled opportunity to cut emissions and spur economic growth, according to RBC Climate Action Institute’s latest report, Climate Action 2025: A Year for Rewiring....
Big names unite for climate action. ALDI, Avantor, and McCain Foods have joined the Supplier Leadership on Climate Transition (Supplier LOCT), a Guidehouse initiative aimed at reducing Scope 3 carbon...
The Philippines has partnered with UAE’s Masdar, signing a $15 billion deal to develop renewable energy projects, including solar, wind, and battery energy storage systems (BESS), with a capacity of...
Google dives into India’s carbon removal sector Google has partnered with Indian supplier Varaha to buy 100,000 tons of carbon credits through 2030. The credits come from biochar, a charcoal-like...
The European Investment Bank (EIB) and Societe Generale have announced an unprecedented collaboration to unlock €8 billion in investment for Europe’s wind industry. Central to this initiative is a €500...
Amazon has announced its largest-ever purchase of electric heavy goods vehicles (eHGVs), ordering over 200 eActros 600 trucks from Mercedes-Benz Trucks. These vehicles will join Amazon’s existing eHGV fleet later...
Gigablue, a leader in affordable carbon dioxide removal (CDR) technologies, has signed a landmark agreement with SkiesFifty to remove 200,000 tons of CO2 over the next four years. This agreement...
New York is making its largest-ever climate investment. Governor Kathy Hochul announced a $1 billion plan designed to combat climate change, create thousands of jobs, reduce energy costs, and lower...
Origis Energy, a leader in renewable energy and decarbonization, has closed a $415 million financing deal for its Swift Air Solar project in Ector County, Texas. The package includes construction,...
SHEIN has significantly ramped up its use of Cool Transfer Denim Printing in 2024, producing 380,000 denim pieces with this water- and energy-efficient method—a 90% increase from the previous year....
Mobilizing substantial capital: Global impact leader responsAbility Investments has advanced its Asia Climate Strategy to over $350 million in its third funding round, surpassing initial private sector capital mobilization goals....
Marks & Spencer (M&S) has unveiled a significant step in its Plan A Net Zero by 2040 initiative, adding 85 lower-emission vehicles to its logistics fleet. This move underscores the...
SGS has acquired Aster Global Environmental Solutions, Inc., a leading company specializing in greenhouse gas (GHG) emissions validation, offsets, and corporate sustainability services. Founded in 2019, Aster Global strengthens SGS’...
In an exclusive interview with Marina Bird, Managing Director of ESG News Corp, Mercedes Vela Monserrate, CEO of the Global Climate Finance Center (GCFC) during Abu Dhabi Finance Week, outlined...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced $6 billion in tax credit allocations for the second round of the § 48C Qualifying Advanced Energy...
By now, you have read a few 2025 forecasts. While no one knows the future, 2025 is shaping up to be a difficult year for Climate and Sustainability issues. Regular...
EQT Transition Infrastructure has announced its acquisition of Scale Microgrids, a leading North American developer, owner, and operator of distributed energy systems, from Warburg Pincus and other shareholders. Why it...
XOCEAN, a leader in ocean data services for offshore energy and civil hydrography, has secured €115 million in a funding round led by S2G Ventures, Climate Investment, Morgan Stanley’s 1GT...
UK-based renewable energy company Low Carbon has signed a 10-year Power Purchase Agreement (PPA) with Quebec-based carbon removal project developer Deep Sky. The agreement solidifies Low Carbon’s position as a...
Aon a global professional services leader, has appointed John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance, effective after his notice period concludes. Neal’s role focuses...
The Future of Jobs Report 2025 outlines how macrotrends, including technological advancements, economic shifts, and climate priorities, will reshape the labor market by 2030. The report, based on insights from...
The U.S. Department of the Treasury and IRS released final rules for the Clean Electricity Investment and Production Tax Credits under sections 45Y and 48E of the tax code. These...
Great Britain marked a milestone in 2024 as coal generation ended on September 30 with the closure of Ratcliffe power station. This marked the final chapter of 142 years of...
Leadership Transition at Terrascope Terrascope, a global leader in carbon measurement and decarbonization, appointed Felipe Daguila as its new CEO, effective January 7, 2025. Daguila, who joined the company in...
Tangible Climate Action in Chile Chile received its first $5.1 million payment under the Emission Reductions Payment Agreement (ERPA) with the Forest Carbon Partnership Facility (FCPF) for reducing 1.03 million...
Pioneering Carbon Storage in Kern County The U.S. Environmental Protection Agency (EPA) issued four Class VI Underground Injection Control (UIC) permits to Carbon TerraVault (CTV), a subsidiary of California Resources...
XDI (Cross Dependency Initiative) unveiled the XDI Climate Risk Hub at New York Climate Week, introducing a comprehensive platform for on-demand climate risk analysis across industries and geographies. “This platform...
Mizuho Securities, in collaboration with Blue Sky Solar, is pioneering renewable energy funding in Japan through private security token issuance (STO). This marks Japan’s first-ever tokenized infrastructure private equity fund,...
The U.S. Department of the Treasury and IRS released final rules for the section 45V Clean Hydrogen Production Tax Credit, aiming to drive industry growth while meeting stringent emissions standards....
Heidrick & Struggles has expanded its Climate & Sustainability Practice, reinforcing its commitment to global leadership in climate solutions. The expansion, led by Global Head Scott Atkinson, adds four senior...
Poland’s power-grid operator PSE announced a $15.4 billion (64 billion zlotys) investment plan spanning 2025 to 2034. The plan includes: Renewable Energy Focus: PSE’s infrastructure upgrades will enable the delivery...
Fervo Energy, a pioneer in next-generation geothermal energy, announced $255 million in new funding to accelerate the deployment of its enhanced geothermal systems (EGS) projects. The funding includes $135 million...
U.S. Banks Leave NZBA Amid Political U.S. Banks Leave NZBA Under Political and Legal Pressure Morgan Stanley, Citi, and Bank of America have joined Wells Fargo and Goldman Sachs in...
Financial Close for Empire Wind 1 Equinor has secured over $3 billion in project financing for Empire Wind 1, with financial close reached in December 2024. The project’s total capital...
Portugal’s Renewable Energy Milestone Portugal’s renewable energy generation hit a record 71% in 2024, marking a significant leap from 61% in 2023, according to grid operator REN. REN stated, “This...
JSW Energy, led by billionaire Sajjan Jindal, has announced a $1.47 billion acquisition through its JSW Neo Energy unit to buy renewable energy platform O2 Power’s subsidiaries. This significant deal...
Executives worldwide are doubling down on sustainability commitments, with 85% planning to disclose climate-related data regardless of political or regulatory shifts, according to a recent Workiva survey of 1,600 global...
Ed Miliband’s ambitious drive to make Britain Net Zero by 2029 comes with a hefty £37.4 billion price tag, according to an audit by The Mail on Sunday. The allocation...
Vietnam has enacted a new Electricity Law, effective February 1, 2025, to modernize its energy sector and create a robust framework for renewable energy development. The amended law addresses longstanding...
Trane Technologies a global climate innovator, has named Mauro Atalla as its new Chief Technology and Sustainability Officer, effective January 5, 2025. Atalla will lead the company’s product development, innovation,...
New York state has enacted a groundbreaking climate law to hold fossil fuel companies accountable for their role in the climate crisis. Governor Kathy Hochul signed the bill into law...
What’s happening: China has greenlit the construction of the world’s largest hydropower dam on the Yarlung Zangbo River in Tibet. This ambitious project aims to produce 300 billion kilowatt-hours of...
What’s happening: Hyundai has partnered with its UAE distributor, Juma Al Majid Company, to deliver two hydrogen fuel cell buses as part of Abu Dhabi’s Green Bus Programme. This initiative,...
Methane emissions from oil and gas operations in the Permian Basin decreased by 26% in 2023, according to an analysis by S&P Global Commodity Insights. This reduction, amounting to 34...
Japan’s environment and industry ministries have finalized a plan to cut greenhouse gas (GHG) emissions by 60% from 2013 levels by 2035, marking an ambitious update to its prior target...
The Suez Canal Economic Zone (SCZONE) has finalized $64 billion in green hydrogen investments through 12 framework agreements, aiming to produce 18 million tons of green hydrogen annually. Chairperson Waleid...
The European Commission has awarded the construction contract for its new Joint Research Centre (JRC) building in Seville, Spain. Once approved by the European Parliament and the Council of the...
Italian state railways, Ferrovie dello Stato, is making a bold push into renewable energy. CEO Stefano Donnarumma announced plans for a €1.3 billion ($1.36 billion) investment in a photovoltaic plant,...
Tackling Growing Energy Demand in 2024 As global electricity demand continues to surge, driven by AI, electrification, and digitalization, building smarter energy systems presents both challenges and opportunities. In 2024,...
Qcells’ Solar Manufacturing Expansion The Department of Energy’s Loan Programs Office (LPO) has announced a $1.45 billion loan guarantee to Hanwha Qcells Georgia for constructing a state-of-the-art solar manufacturing facility...
VictoriaMetrics Drives Efficiency in Gemini Solar + Storage Project VictoriaMetrics has partnered with IHI Terrasun Solutions to deliver advanced data management for the $1.2 billion Gemini Solar + Storage project,...
Iberdrola’s Milestone Investment in Sicily Iberdrola has secured a €100 million green loan from the European Investment Bank (EIB), backed by SACE’s Archimede guarantee, to construct a state-of-the-art photovoltaic (PV)...
Crusoe, the industry’s first vertically integrated AI infrastructure provider, has raised $600 million in Series D funding, valuing the company at $2.8 billion. Founders Fund led the round, joined by...
President Joe Biden has announced an ambitious 2035 climate target to reduce U.S. greenhouse gas emissions by 61-66% below 2005 levels. This builds on the U.S. commitment to achieve net-zero...
The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has approved a $15 billion conditional loan guarantee to Pacific Gas & Electric (PG&E) for hydropower, battery storage, and grid...
Vanguard Renewables has appointed Michael O’Laughlin as its Chief Executive Officer, tasking him with accelerating the national growth of its Farm Powered® anaerobic digestion platform. O’Laughlin, an experienced leader in...
Deutsche Bank has facilitated a AUD 2.3 billion financing package for Global Power Generation Australia (GPG) to expand its renewable energy portfolio in the Asia Pacific region. Acting as the...
Accenture has agreed to acquire IQT Group, an Italian provider of engineering managed services for large infrastructure projects, to advance its capabilities in planning and executing net-zero infrastructure initiatives. Expanding...
Bill Gates’ Breakthrough Energy Catalyst has awarded a $40 million grant to Deep Sky, a Canadian startup building a cutting-edge test ground for Direct Air Capture (DAC) technologies in Alberta....
DP World UK has unveiled a Carbon Inset Programme Trial aimed at helping importers lower hard-to-abate Scope 3 emissions from containerized supply chains. Running from January 1 to June 30,...
United Microelectronics Corporation (UMC) has solidified its renewable energy commitment through a landmark CPPA with Fengmiao I Offshore Wind Farm, a project led by Copenhagen Infrastructure Partners (CIP). The agreement...
The News: Google, Stripe, and other Frontier coalition members are investing $80 million in carbon credits to fund two firms deploying innovative carbon capture technologies at paper mills and sewage...
The News: Japan has unveiled a draft energy policy targeting 40-50% renewable energy in its power mix by fiscal year 2040, alongside a steady reliance on nuclear power at 20%....
Boston Consulting Group (BCG) has announced a 50,250-tonne purchase of certified carbon dioxide removals (CDRs) through ClimeFi, reinforcing its position as a global leader in durable carbon removal. This marks...
Google DeepMind’s latest AI weather forecasting model, GenCast, is revolutionizing how weather predictions are made. By outperforming the European Centre for Medium-Range Weather Forecasts’ (ECMWF) ENS system, GenCast delivers faster,...
Invesco Unveils Climate-Focused ETF Invesco Ltd. has launched the Invesco MSCI North America Climate ETF (KLMN), which debuted on the New York Stock Exchange with $2.4 billion in assets from...
Iberdrola and Kansai Team Up on Offshore Wind Iberdrola, a global leader in renewable energy, has partnered with Kansai Electric, Japan’s second-largest utility, in the €1.28 billion Windanker offshore wind...
Canada’s 2035 Emissions Target: Balancing Climate Action and Economic Growth Canada has unveiled an ambitious emissions reduction target of 45-50% below 2005 levels by 2035, reinforcing its commitment to achieving...
Groupe SEB’s 2030 ESG Roadmap Groupe SEB, a global leader in small domestic equipment, is doubling down on sustainability with its 2024-2030 ESG roadmap, unveiled during its ESG Investor Day....
Launching the CCIC Microsoft and Acadia Infrastructure Capital have partnered to launch the Climate and Communities Investment Coalition (CCIC), targeting a $9 billion pipeline of renewable energy projects across the...
Google has signed a landmark long-term agreement with carbon removal startup Terradot, combining equity investment with a commitment to purchase 200,000 tons of carbon removal credits by the early 2030s....
Equinor, alongside bp and TotalEnergies, has taken a major step forward in decarbonizing the UK’s industrial regions with the approval of the Northern Endurance Partnership (NEP) and Net Zero Teesside...
IBM and Texas A&M AgriLife unveiled SWAT VEXA, a free AI virtual assistant, today at COP16 in Riyadh, marking a major step forward in sustainable agriculture. Built using IBM’s Deep...
Google, Intersect Power, and TPG Rise Climate have announced a groundbreaking partnership to align clean energy generation with data center development. The collaboration introduces a “power-first” approach, co-locating carbon-free energy...
Verra, the global leader in climate action and sustainable development standards, has joined the Singapore Sustainable Finance Association (SSFA) to advance climate initiatives in Southeast Asia. This partnership aligns Verra’s...
SGS has unveiled its Climate pillar under the IMPACT NOW for sustainability suite, delivering a robust array of services designed to help organizations take meaningful climate action. Leveraging its decades...
India is taking a bold step to boost local manufacturing in its clean energy sector. Starting June 2026, all solar photovoltaic (PV) modules used in clean energy projects must be...
Why it matters: Offshore wind is pivotal for decarbonizing hard-to-abate sectors and achieving global net-zero goals. bp and JERA are joining forces to accelerate progress with JERA Nex bp, set...
Why it matters: Brookfield Renewable, a global leader in renewable power, continues to align its financing strategy with ESG priorities. This issuance demonstrates investor appetite for sustainable investments and bolsters...
Brisbane, Calif. – Heirloom, a leading U.S. Direct Air Capture (DAC) company, has raised $150 million in Series B funding to scale its cost-efficient carbon removal technology. Co-led by Future...
Riyadh, Dec 6, 2024 (ESG NEWS) – The King Abdullah Petroleum Studies and Research Center (KAPSARC) and Climeworks, a global leader in carbon dioxide removal, have signed a Memorandum of...
BNP Paribas Asset Management (BNPP AM) has launched its first infrastructure private equity fund, the BNP Paribas Low Carbon Transition Infra Equity Fund I, targeting €750M to advance Europe’s energy...
Meta Platforms Inc. has announced a deal to purchase green credits from four major U.S. solar energy projects developed by Invenergy. This strategic move aims to meet Meta’s escalating clean...
The Climate Investment Funds (CIF) board has approved a $37 million investment plan to protect Ethiopia’s rural communities from climate-related shocks and safeguard its carbon-rich forests. With $492 million in...
The European Commission has launched €4.6 billion in funding under the Innovation Fund to accelerate decarbonization and enhance Europe’s green technologies. These initiatives are critical for meeting climate neutrality goals...
The 16th Conference of the Parties (COP16) to the UN Convention to Combat Desertification (UNCCD), held for the first time in Riyadh, brought in $12 billion in pledges to address...
The Biden administration has reached a significant milestone by awarding more than $100 billion in grants from the Inflation Reduction Act (IRA), President Joe Biden’s signature climate legislation. This achievement...
Qatar has pledged £1 billion ($1.3 billion) to bolster the UK’s climate technology sector, with a focus on fostering innovation and supporting the energy transition. Rolls-Royce, a key player in...
Vancouver, Canada – December 2024 – The Canadian government is making bold investments to decarbonize heavy-emitting industries and support clean technology innovation in British Columbia. $12.5 million in funding was...
Singapore has announced the world’s first Master’s in Sustainable Healthcare and an Executive Fellowship to tackle climate change’s growing impact on healthcare systems. Launched by the Centre for Sustainable Medicine...
Australia and Singapore have strengthened their partnership to accelerate Southeast Asia’s clean energy transition. The Australian Government has committed US$50 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, aimed...
ATLANTA, Dec. 2, 2024 – The Coca‑Cola Company has unveiled updated environmental goals aimed at advancing its sustainability agenda through 2035. These targets prioritize water security, packaging sustainability, and emissions...
Matthew Chan has joined Flint Global as a Partner in their Asia Pacific team based in Hong Kong. Chan comes from J.P. Morgan, where he established the firm’s Corporate Sustainability...
A Strategic Alliance for Sustainability Orbital Materials and Amazon Web Services (AWS) have announced a multi-year partnership aimed at revolutionizing data center efficiency and decarbonization. Orbital’s proprietary AI platform will...
Official logo of ESG News (C) 2025