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Category: Global News
Francis has been vocal about climate issues in recent years Pope Francis will attend the Cop28 climate summit in Dubai next month, marking the first time a pontiff has participated...
Progress on climate adaptation is slowing on all fronts when it should be accelerating to catch up with rising climate change impacts and risks, according to a new United Nations Environment Programme...
Better Cotton has officially launched a first-of-its-kind traceability solution for the fashion and textile sectors. The solution has been developed over three years and will provide visibility of cotton’s journey...
Additional funding will add approximately 3,000 new jobs Toyota announced a new investment of nearly $8 billion that will add approximately 3,000 jobs at Toyota Battery Manufacturing North Carolina (TBMNC). This brings...
Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO2-reduced steel. The aim is to further improve the emissions balance of...
Funding will reduce water and energy waste, which can lower carbon emissions, and help create lasting water or sanitation solutions for 20 million people The Bezos Earth Fund announced a...
The Corporate Climate Stocktake 2023, led by the We Mean Business Coalition and supported by the UN Climate Champions team and Bain & Company, has unveiled a comprehensive assessment of...
The COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) launched a joint report today on the sidelines of the Pre-COP event in Abu Dhabi,...
The legislation voted on by the Industry Committee on 25 October 2023, is intended to bolster Europe’s manufacturing output in technologies needed for decarbonisation. The “Net-Zero industry act” sets a...
Stellantis N.V. and Leapmotor has announced that Stellantis plans to invest €1.5 billion to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation...
Breakthrough Energy announced that its first Catalyst project funding will go to LanzaJet’s Freedom Pines Fuels sustainable aviation fuel (SAF) plant in Soperton, GA in the form of a $50...
What to know Each day, climate change is impacting athletes* all over the world. Climate change is not only a threat to sport, it’s also a critical social issue that...
The Brazilian Ministry of Finance and the Comissão de Valores Mobiliários (CVM) have announced that the International Sustainability Standards Board’s (ISSB) IFRS Sustainability Disclosure Standards will be incorporated into the...
Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs. These are the findings...
Companies including Nestle, Unilever, Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. 131 major...
The EY organization announced an expanded alliance with SAP SE to help organizations accelerate value-led sustainability action. Teams of EY professionals are advising SAP and customers on the core design...
Water, the world’s most precious yet undervalued resource, lies at the heart of a mounting global crisis that threatens both human and planetary health, warns a new report, published today...
The partnership marks the ocean exploration nonprofit’s latest effort to collaborate with global entities to advance ocean protection and preservation benchmarks worldwide Global ocean exploration nonprofit OceanX has signed a...
During an event held in Beijing today with high-level representatives from government, businesses and academia, the UN Global Compact, the world’s largest corporate sustainability initiative, unveiled new guidance and assessment...
Decisive, far-reaching efforts to cut methane emissions from fossil fuel production and use must go hand-in-hand with decarbonisation of our energy systems to limit global warming to 1.5 °C, according...
A joint report by multilateral development banks published today finds that MDB climate finance reached a record high in 2022. The announcement comes as delegates meet in Marrakesh, Morocco, for the World...
Initial studies of the 4.5-billion-year-old asteroid Bennu sample collected in space and brought to Earth by NASA show evidence of high-carbon content and water, which together could indicate the building...
Ten European cities were awarded the Label of the EU Mission for Climate-Neutral and Smart Cities, one of the EU Missions in Horizon Europe. The EU Mission Label is an important...
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced its first-ever AWS Women’s Demo Week, a week-long global event focused on helping women-led startups connect with investors. AWS...
The International Coral Reef Initiative (ICRI), a network including 45 countries who represent over 75% of the world’s coral reefs, has launched the Coral Reef Breakthrough in partnership with the Global Fund for Coral Reefs (GFCR)...
ADNOC and Fertiglobe, the strategic partnership between ADNOC and OCI Global, announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100% owned nitrogen...
EY organization and Microsoft announce the launch of Green Skills Passport, which helps learners aged 16 and over develop skills to find green jobs and pursue opportunities in the growing...
The European Union (EU) has launched the first phase of the world’s first carbon border tariff, a landmark tool designed to put a fair price on the carbon emitted during...
Google, Microsoft, Danfoss and Schneider Electric are the founders of a new innovation hub in Fredericia, Denmark, that will bring together the data center sector across Europe to find concrete...
Update of IEA’s landmark Net Zero Roadmap shows greater ambition and implementation, supported by stronger international cooperation, will be critical to reach climate goals Driving greenhouse gas emissions from the...
50 organizations granted a total of $25 million to pilot or expand catalytic solutions to improve food security globally Citi Foundation announced the grant recipients of its first-ever Global Innovation...
UN Global Compact celebrates twelve business leaders who have demonstrated progress and commitment towards advancing the Sustainable Development Goals. The United Nations Global Compact announced twelve new SDG Pioneers — business leaders...
The U.S. Department of State, the Bezos Earth Fund, The Rockefeller Foundation, and the World Bank announced a strategic collaboration between the Energy Transition Accelerator (ETA) and the World Bank...
A failed energy transition might reduce global GDP by as much as $6 trillion per year by 2050. A group of institutional investors with over $11 trillion in assets under management, including Allianz...
HSBC Holdings, one of the world’s largest banks, has announced plans to allocate $1 billion in financing to support climate-tech startup companies around the world. The financing is expected to...
The vast majority (94%) of business leaders still view the Sustainable Development Goals (SDGs) as a unifying global vision but achieving them requires the private sector to focus on the...
SHEIN, a global, integrated, fashion and lifestyle marketplace (“SHEIN Marketplace”), announced that it is allocating an additional US$85 Million over five years towards initiatives that support the “Equitable Empowerment” pillar...
Melinda French Gates and Bill Gates call for urgent action to advance progress on the UN’s Sustainable Development Goals and shine a spotlight on reducing maternal and child mortality The Bill & Melinda...
E-commerce giant Amazon.com (AMZN.O) has revealed its first investment in direct air capture (DAC) technology, announcing its commitment to acquiring “250,000 tons of removal credits over 10 years,” as per...
Amplified by wildfires and desert dust fanned by climate change, more frequent heatwaves are leading to a sharp drop in air quality and human health, the World Meteorological Organization (WMO)...
The United Arab Emirates (UAE) has committed $4.5 billion to significantly scale up renewable energy development in Africa to 15 gigawatts (GW) by 2030. The initiative is the first of...
The Africa Carbon Markets Initiative (ACMI) has drawn hundreds of millions of dollars in pledges from governments, businesses, and financial institutions, as African leaders seek to mobilize climate finance for...
H&M Group has published a Sustainable Finance Framework encompassing a new Green Finance Framework and an updated Sustainability-Linked Finance Framework. The Green Finance Framework specifies eligible green projects under the International Capital MarketAssociation (ICMA) categories Circular Economy, Green Buildings, Renewable Energy, Energy Efficiency and Sustainable Water Management and Wastewater Management. The Sustainability-Linked Finance Framework...
Volvo Financial Services (VFS) recently completed a yearlong collaboration with JA (Junior Achievement) Worldwide, bringing a message of economic empowerment through financial literacy education to more than 14,000 youth in Brazil, France, India, Italy, Peru, South...
Mercedes-Benz opens its first high-power charging stations this fall, implementing its far-reaching plans to expand its global charging infrastructure. Starting in October, the first Mercedes-Benz Charging Hubs will go into...
IFC provided record financing in Africa in fiscal year 2023, helping to accelerate the continent’s energy transition, develop greener manufacturing, increase intra-Africa trade, strengthen smaller businesses, and boost local food...
Ball Aerospace is celebrating alongside its mission partners today as the Tropospheric Emissions: Monitoring of Pollution (TEMPO) instrument releases its first images of Earth, the next step in its mission...
The COP28 UAE Presidency has launched its Water Agenda during World Water Week in Stockholm, which took place from August 20 to 24. COP28 announced its top priority areas, which include conserving and restoring freshwater...
Wastewater, long seen as an environmental and health hazard, possesses untapped potential as an alternative energy and clean water source to offset fertilizer use, the UN Environment Programme (UNEP) said....
The Coca‑Cola Foundation has announced its support for Change Make Her, a new five-year partnership with microloan nonprofit Kiva to improve financial access for under-represented entrepreneurs around the world. The announcement...
As the world watches its most elite footballers compete in Australia and New Zealand, Nike is proud to introduce a new program to help grow the game’s future players. Nike,...
Pope Francis said that he was writing a follow-up to his landmark 2015 encyclical on the protection of the environment and the dangers of climate change “to bring it up...
TMF Group, a leading provider of compliance and administrative services, has launched the tenth edition of its Global Business Complexity Index (GBCI). The comprehensive report analyses 78 jurisdictions (77 in...
Boeing [NYSE:BA] has ferried an MD-90 airplane to the site where it will be modified to test the Transonic Truss-Braced Wing (TTBW) configuration as part of NASA’s Sustainable Flight Demonstrator...
High-level “Unstoppable Africa” event on 21-22 September in New York will convene African leaders, CEOs, investors, entrepreneurs and artists The Global Africa Business Initiative (GABI), the leading platform for promoting...
Tech company joins Amex GBT and Shell Aviation program powered by Avelia, one of the world’s first blockchain, book-and-claim platforms for SAF American Express Global Business Travel (Amex GBT), the world’s leading...
A $436 million “debt-for-nature” swap by Gabon to fund marine conservation has backers hoping for more such money-saving environmental deals, but some investors still see room for improvement in the...
Indonesia’s capital will force drivers to undergo emission tests, officials said on Monday, amid deteriorating air quality that has made Jakarta one of the world’s most polluted cities. Jakarta has...
Business Leaders can Improve Their ESG Efforts by Evaluating Similar Organizations ECI (Ethics & Compliance Initiative), the leading organization defining the future of business integrity, has compiled a searchable library of...
Global private equity firm GEF Capital Partners announced that it has raised R$1.05 billion (USD$214 million) at the final close of its Brazil-focused climate solutions-focused fund, the GEF LatAm Climate...
India’s greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made...
Germany will top up a pot to fund climate-protection measures and investment in semiconductor production by about €20 billion ($22 billion) to more than €200 billion, according to people familiar...
Vietnam’s electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant headwinds blunting that growth. According to BMI Research, a Fitch Solutions research unit, passenger...
Singapore’s first smart and clean energy-powered service stations have been unveiled. This project was developed following an innovation grant awarded to Singapore renewable energy solutions provider Eigen Energy in March...
TotalEnergies, Baker Hughes, Technip Energies, Azimut and other investors have signed preliminary agreement to invest in Zhero Europe in order to develop large scale renewable energies projects in Europe and...
IFC, the private sector arm of the World Bank, signed an agreement with the government of Switzerland to begin the second phase of the Sustainable Cities program, which supports green...
Funding is Part of a $1 Billion Effort to Deploy Solar and Battery Storage to Puerto Rico’s Most Vulnerable Residents, Helping Increase Resilience and Lower Energy Bills for up to...
Iberdrola has moved forward with its international expansion by completing the purchase of two onshore wind farms in Poland, owned by Greenvolt Power, a subsidiary of Greenvolt Group. The projects are...
To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and...
IFC is joining forces with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon...
The United Kingdom (UK) and Singapore held the 8th UK-Singapore Financial Dialogue in London yesterday. The Dialogue facilitated a useful exchange of views, and identified opportunities for further collaboration on...
To improve the quality of infrastructure at Cabo Verde’s seven airports, and help them reduce greenhouse gas emissions, IFC announced a sustainability-linked financing package for Cabo Verde Airports SA, a...
Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in the Norwegian project developer Fuella AS. The Company is an independent developer of...
RMI and UID establish Happy Energy Action Leadership Program to deliver on Indonesia’s Just Energy Transition Commitments. United in Diversity (UID) and RMI signed a memorandum of understanding, formalizing a...
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...
During their first two years, the EU Missions in Horizon Europe have supported the Commission’s work on the European Green Deal, making Europe fit for the Digital Age, and Europe’s Beating Cancer Plan. Since their inception, EU Missions...
Hydro Rein and GreenGo Energy are expanding on their existing partnership to develop two new early phase solar projects in Denmark, with a combined capacity of 410 MW. The two...
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,...
U.S. Secretary of Energy Jennifer M. Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri held the third ministerial meeting of the U.S.-India Strategic Clean Energy Partnership,...
Following on from the major financial partnership signed in 2019 to support the transition to a sustainable economy via green vehicle development, the European Investment Bank (EIB) and ALD | LeasePlan, the...
The EU and Uruguay have decided to step up their cooperation in pursuing the clean energy transition. At the EU-CELAC Summit in Brussels, Commissioner for Energy Kadri Simson and Uruguay’s Minister for...
ADNOC, announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean...
AXA IM Alts, a global leader in alternative investments with over €185 billion of assets under management, announces a USD $49 million commitment, on behalf of its AXA IM Alts’...
Newly-built wind farms will produce renewable electricity to power EverWind’s green hydrogen and ammonia production, securing Nova Scotia’s green fuels leadership EverWind Fuels, Canada’s most advanced large-scale green hydrogen project,...
IBM (NYSE: IBM) today announced that Digital Realty (NYSE: DLR) is using the IBM Envizi ESG Suite to collect, analyze and report on its environmental, social and governance (ESG) performance across its portfolio of 300+ data...
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...
At the EU-CELAC Summit in Brussels the EU and Argentina have taken a further step in their energy cooperation with the signature of a MoU. Signed by European Commission President...
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use 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...
Apple joined Acumen in a new effort to support social enterprises in India to improve livelihoods through clean energy innovation. Through the Energy for Livelihoods Accelerator, Acumen experts will lead a...
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...
The Volkswagen Group and its Elli brand became the first automotive company to start trading on the German electricity market of Europe’s largest power exchange, EPEX Spot. The basis for...
Iberdrola, one of the world’s largest renewable energy companies, and Vodafone, the largest pan-European and African telecoms company, have signed new clean PPA in Spain and Portugal, adding to a recent agreement...
MEPs approved new rules on more alternative fuel stations for cars and trucks, simple and easy recharging, and on cleaner maritime fuels. The new rules are part of the “Fit for...
Netherlands-based provider of autonomous charging solutions for electric transport Rocsys BV has signed a €18 million quasi-equity deal with the European Investment Bank (EIB). The agreement will provide Rocsys with financing...
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