Eni, Plenitude and Energy Infrastructure Partners (EIP) have signed an agreement for EIP to enter Plenitude’s share capital through a capital increase of up to €0.7bn, which, post-transaction, would be...
Iberdrola continues to strengthen its liquidity position, confirmed that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate...
As one of the top ten largest green bond issuers in the U.S., Equinix used the net proceeds to support 172 green building projects across 105 sites, 33 energy efficiency...
Deutsche Bank has announced an increase that doubles its total local capital to IDR 10 trillion (€600 million) for its business in Indonesia. The additional investment will support the bank’s...
Grantmakers selected to reduce barriers to federal funds and issue thousands of environmental justice grants over the next three years As part of President Biden’s Investing in America agenda, the...
With the US coming to the end of its warmest year on record, it appears the country is more committed than ever to clean energy. LG Energy Solution Vertech has...
The EU and Kenya signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth. The EPA provides a platform...
The upstream energy sector is turning to artificial intelligence and advanced analytics to speed up analysis and decision-making to realize their carbon reduction commitments. With an increased focus on strategies...
Road vehicles to stay cleaner for longer, to improve air quality On Monday, Parliament and Council reached a provisional agreement on new rules to reduce road transport emissions for passenger...
President Biden’s Investing in America Agenda Funding Available to Help States, Territories, and Localities Adopt and Implement Latest Innovative Building Energy Codes As part of President Biden’s Investing in America agenda,...
Company aims to play major role in accelerating renewables following COP commitments. Octopus Energy Group, the UK’s largest power supplier and the owner of the Kraken technology platform, announces $800m (£625m) additional...
Funding from President Biden’s Inflation Reduction Act will help improve air quality for communities by helping states take the lead in cutting methane emissions from low-producing well sites As part...
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets...
The Commission has published its assessment of EU Member States’ draft National Energy and Climate Plans (NECPs) and issued recommendations to assist Member States in raising their ambitions in line with EU targets for 2030....
Climeworks, a global leader in carbon removal via direct air capture technology, and Boston Consulting Group (BCG), one of the world’s leading management consulting firms, are strengthening their collaboration with...
Schroders Greencoat, the specialist renewables manager of Schroders Capital, announces that three green hydrogen projects which it is involved in have been awarded contracts for hydrogen production by the UK...
Apollo Clean Transition Equity ELTIF to provide European investors greater access to clean transition investments across private markets Launch supports Apollo’s goal of deploying $50B in clean energy and climate...
The Board of Directors of the European Investment Bank (EIB) approved a €5 billion tailored initiative to support wind energy equipment manufacturing companies. The financing is part of the EIB’s ...
The SBTi has published a new Insurance Underwriting Industry Brief as a first step towards the development of a Financial Institutions Net-Zero Insurance Standard. The finance sector has tremendous potential...
At the core of this partnership is the drive to enhance food preservation, reduce food waste in African markets, and improve global market accessibility for producers.United Nations Industrial Development Organization...
BNP Paribas announces the launch of BNP Paribas Climate Impact Infrastructure Debt, an initiative supported by the aligned commitments of BNP Paribas Asset Management (‘BNPP AM’), BNP Paribas Corporate & Institutional Banking (‘BNPP CIB’) and...
A deal has been signed for Inherit Carbon Solutions to provide Microsoft with permanent carbon removal for delivery through 2028. By leveraging waste-water and food waste for the purpose of...
The United Nations Climate Change Conference (COP28) closed today with an agreement that signals the “beginning of the end” of the fossil fuel era by laying the ground for a...
A new Commonwealth e-learning course launched will improve the ability of small and other vulnerable states to access billions of dollars in climate finance. The Commonwealth Secretary-General, The Rt Hon...
Largest-ever private equity fund close for an Asia-based independent fund manager that focuses on next-generation infrastructure to bolster the region’s energy transition and digital infrastructure development Seraya Partners, the first...
World leaders joined the World Economic Forum’s programme at the 28th Conference of the Parties of the UNFCCC (COP28) to advance dialogue, innovation and cooperation for accelerated climate action. Gathering...
As conflicts, climate emergencies and collapsing economies continue to wreak havoc on communities worldwide, the UN on Monday issued an appeal for $46.4 billion for 2024 to help 181 million...
At the COP28 climate change conference in Dubai, pledges have been made in three key areas – by many countries on renewables and energy efficiency, and by a significant number...
UN Secretary-General António Guterres on Monday urged a deal at COP28 on the phaseout of fossil fuels, telling negotiators that “now is the time for maximum ambition and maximum flexibility,”...
A carbon-free global economy requires the phase-out of fossil fuel subsidies. That’s why the Glasgow Climate Summit in 2021 agreed to phase out inefficient fossil fuel subsidies, on the back...
The number of green jobs advertised in the UK has fallen from the record levels recorded in 2022, albeit at a smaller rate than the decline seen in the UK’s...
The Government of Canada has committed to cap and reduce greenhouse gas emissions (GHG emissions) from the oil and gas sector at a pace and scale necessary to contribute to...
China’s State Council on Thursday published an action plan to improve air quality amid the country’s effort to promote high-quality economic development. The plan contains a series of measures to...
Singapore and Papua New Guinea (PNG) signed an Implementation Agreement on carbon credits cooperation under Article 6 of the Paris Agreement. The Agreement was signed by Minister for Sustainability and...
Sprott Asset Management and HANetf have announced the launch of the Sprott Copper Miners ESG Screened UCITS ETF, an innovative new fund designed to offer investors access to copper mining...
Amazon is accelerating its transition to sustainable logistics in Europe, significantly increasing its reliance on rail and sea transport. This eco-friendly shift not only reduces the company’s carbon footprint by...
Trial of pioneering new technology in collaboration with Hrastnik1860, reduces Greenhouse Gas emissions by more than 30% Family-owned spirits company, Bacardi has successfully completed the world’s first commercial production of...
Tech giant inks deal to buy 1.5 million carbon removal credits from Mombak, aiming to become carbon negative by 2030. Tech giant inks a deal to purchase 1.5 million carbon...
BBVA’s Turkish unit has just renewed its $415 million syndicated loan based on environmental, sustainability and governance (ESG) criteria. The financing is part of the bank’s foreign borrowing program and...
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and strongest financial institutions, announced that it will lend, invest and facilitate over AED500 billion...
In a continued effort to address the global climate crisis, the Arab Coordination Group (ACG), a strategic alliance of regional and international development institutions, announced at COP 28 in Dubai,...
Nestlé, the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using Maersk’s ECO Delivery solution for 100% of its ocean containers shipped...
Schneider Electric, the leader in the digital transformation of energy management and automation, announced that Google, ASM and HP have joined the Catalyze program, which aims to accelerate access to renewable energy across...
Parliament and Council negotiators agreed on an update to the so-called “ecodesign” regulation that aims to improve various aspects of products throughout their lifecycle to make them more durable and...
The fund is focused on investment in greenfield renewable energy infrastructure in high growth middle-income markets and is expected to enable more than 10 GW of clean energy Copenhagen Infrastructure...
Following the successful investment agreement in Baltic Eagle in Germany, the first milestone of this alliance is a co-investment in the 1,400 megawatt (MW) East Anglia 3 offshore wind project...
Programs by MIT Sloan, NYU Stern, and most recently, Arizona State University combine with Deloitte’s own Learning and Development training to form a comprehensive suite of climate change and sustainability offerings for...
The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). The United Kingdom Foreign, Commonwealth & Development Office...
Eni has signed a five-year Sustainability-Linked revolving credit line worth €3 billion, related to two targets of Eni’s Sustainability-Linked Financing Framework, last updated in April 2023. The new facility will...
At the COP28 in Dubai, Commission President Ursula von der Leyen, Founder of Breakthrough Energy Bill Gates, and European Investment Bank President Werner Hoyer announced the first two European projects to...
Standard Chartered’s latest Sustainable Banking Report 2023 reveals USD3.4 trillion of retail investor capital could be mobilised towards climate investments in 10 growth markets across Asia, Africa and the Middle East by...
With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world...
Stripe, a financial infrastructure platform for businesses, launched Climate Orders, which makes it easy for any business to pre-order carbon removal tons via Frontier, an advance market commitment (AMC) cofounded by...
Google has partnered with clean-energy startup Fervo to develop a geothermal power project in Nevada that is now contributing carbon-free energy to the electric grid. This marks a significant step...
In 2023, there has been a notable evolution in the realms of sustainability and environmental, social, and governance (ESG). Companies find themselves under increasing pressure to provide transparent and credible...
Dow announced that its board of directors has declared Final Investment Decision on the Company’s Fort Saskatchewan Path2Zero investment to build the world’s first net-zero Scope 1 and 2 emissions integrated ethylene cracker and...
Leaders from the United Nations and Microsoft Corp. on Thursday announced a partnership that will enable the UNFCCC to create a new AI-powered platform and global climate data hub to...
More and more people see climate change as a serious threat, but at the same time have less and less basic knowledge about global warming and its consequences. According to...
Bloomberg Philanthropies and Goldman Sachs announced that the Climate Innovation and Development Fund (CIDF) has completed allocating its $25 million in philanthropic concessional capital to help advance sustainable low-carbon economic...
Drawing on data and insights from across S&P Global, the report analyzes the physical risks of climate change and the challenges of limiting global temperature rise to below 2 degrees Celsius...
Power Sustainable, an alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable Energy Infrastructure partnership (the “Fund”), for a final close of CAD $800 million for Vintage II. This brings...
US$140 billion investment and mass scale in domestic market drives China’s advantage Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China...
Allianz Global Investors (AllianzGI), FMO Investment Management (FMO IM), and the John D. and Catherine T. MacArthur Foundation (MacArthur) announced that the SDG Loan Fund (the Fund) has successfully mobilized...
Expanded relationship integrates IBM’s Envizi ESG Suite with Deloitte’s GreenLight Solution, fosters new offerings for end-to-end environmental needs Collaboration to help clients deliver improved sustainability outcomes by streamlining data, elevating...
H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast...
Bloomberg is the first data provider to build a tool using a resource from the UN Environmental Programme Finance Initiative to enable global impact integration in portfolios Bloomberg announced the...
Iberdrola is proud to contribute to the UK’s leadership in energy security and decarbonisation. With stable and predictable regulatory frameworks in place in the country, we are more committed than...
The International Partners Group (IPG), co-led by the United States of America and Japan and comprised of Canada, Denmark, the European Union, the Federal Republic of Germany, the French Republic,...
Investors, especially in Europe, remain committed to achieving environmental, social and governance (ESG) goals and are concerned about the economic transition, according to a survey by Deutsche Bank’s Private Bank...
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched a consultation on its roadmap for insuring the transition. The consultation sets out Lloyd’s proposed approach for the next...
ESG.AI, a Canadian based ESG decision support company, has partnered with the London Stock Exchange Group (LSEG) to deliver a next generation ESG analytics platform. ESG.AI’s platform helps organisations and...
European deliveries are packed in recyclable paper bags, cardboard envelopes and boxes – or no added packaging at all. All our delivery packaging in Europe—the boxes, bags and envelopes needed...
The Commission is opening the Innovation Fund‘s 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from...
The offtake agreement between A.P. Moller – Maersk and Chinese developer Goldwind, a global leader in clean energy, reaches into the next decade and marks the first large scale green...
This new addition accelerates Deloitte’s work and capabilities in the climate, sustainability, and fleet decarbonization space Deloitte Canada is acquiring leading fleet management consulting firm, Fleet Challenge Canada Inc. (“Fleet...
The Commission is proposing a Forest Monitoring Law that will plug existing gaps in the information on European forests and create a comprehensive forest knowledge base, to allow Member States, forest owners and forest...
The German government has pledged to invest €4 billion in African green energy projects until 2030. The announcement was made by Chancellor Olaf Scholz at the G20 Compact with Africa...
A new study by CO2 AI and BCG has found that companies are not making much progress in comprehensively measuring and cutting their emissions. The study, which surveyed 1,850 executives...
Parliament has adopted its position on a new EU certification framework for technological and natural carbon removals to help achieve EU climate neutrality by 2050. With 448 votes to 65...
• The third green issue of the year has set a coupon of 4.183%.• The company is making progress on its renewed objective of having around 40% of its financing...
Eneco has submitted its planning application for the construction of the ‘Eneco Electrolyzer’, a green hydrogen production plant in Rotterdam’s Europoort industrial area. Green hydrogen is produced using electricity generated...
Maersk (Maersk), one of the world’s leading logistics companies, and Nissan Motor Co., Ltd. (Nissan), a renowned international automotive giant, have joined hands in a long-term partnership on sustainable, resilient,...
A new report by Google in collaboration with Boston Consulting Group (BCG) reveals that artificial intelligence (AI) has the potential to mitigate 5-10% of global greenhouse gas (GHG) emissions by...
Data Collected During This Mission Will Advance Industry Toward Net-Zero Goals Gulfstream Aerospace Corp. announced the successful completion of the world’s first trans-Atlantic flight using 100% sustainable aviation fuel (SAF)....
Japan Petroleum Exploration Co., Ltd. (JAPEX), JGC Holdings Corporation (JGC HD,) and Kawasaki Kisen Kaisha, Ltd. (“K” LINE) (hereinafter referred collectively as the “Japan Consortium (JC)”) have agreed and signed...
Since launching 16 months ago, the EMIT imaging spectrometer aboard the International Space Station has shown an ability to detect more than just surface minerals. More than a year after...
Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around...
As vulnerable communities worldwide continue to suffer outsized effects of climate change, IBM is empowering innovators with cutting-edge technologies and training. Ahead of COP28, IBM announced the latest investments in its...
Just three years of intensive cross-industry collaboration can turn industrial decarbonization from an immovable economic barrier to an economic force compelling all industries to accelerate net zero action Fewer than...
BlackRock’s Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners. The Fund has already begun to commit capital and has signed definitive documentation to...
S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets, launched a new first-of-type suite of carbon intensity measures...
Fifth National Climate Assessment (NCA5) shows decline in U.S. greenhouse gas emissions even as population and GDP have grown Since Day One, President Biden has delivered on the most ambitious...
The abundance of heat-trapping greenhouse gases in the atmosphere once again reached a new record last year and there is no end in sight to the rising trend, according to...
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced that it aims to allocate up to US$50...
Europe’s young adults face a daunting future, have a firm understanding of the world they want to live in, but fear strong forces are working against them. Their challenge is...
In the second quarter of 2023, EU economy greenhouse gas emissions totalled 821 million tonnes of CO2-equivalents (CO2-eq), a -5.3% decrease compared with the same quarter of 2022 (867 million tonnes of CO2-eq). In the...