• Google signs a long-term agreement with Broadwing Energy to source power from a 400 MW gas plant with carbon capture and storage (CCS) in Decatur, Illinois.• The project will...
What was rejected The European Parliament has narrowly rejected a compromise on its negotiating position for the European Commission’s Omnibus I package — a proposal aimed at simplifying and reducing...
• Mirova’s MET6 fund hits €1.2 billion ($1.3 billion) in commitments at its second close, halfway to its €2 billion target.• The fund has already deployed nearly €1 billion across...
• Diligent to transition carbon accounting clients to Persefoni’s platform and take an equity stake.• Partnership integrates leading ESG and governance AI tools amid growing CSRD and ISSB compliance demands.•...
• Decarbonization Partners, Climate Investment, and Activate Capital inject growth equity into XNRGY to accelerate sustainable cooling manufacturing expansion.• Funding will expand XNRGY’s U.S. footprint and boost deployment of next-generation...
Brussels moves to safeguard system readiness The European Commission has unveiled a proposal to recalibrate the implementation of the EUDR, the bloc’s flagship regulation aimed at ensuring that commodities such...
• France’s new development minister Eleonore Caroit says Paris will continue backing the World Bank’s 45% climate finance target despite U.S. opposition.• The Trump administration is pressing the lender to...
• 30 institutional investors, including Pictet Group and DNB Asset Management, back the Belém Investor Statement on Rainforests.• The world lost 8.1 million hectares of forest in 2024, driven by...
Microsoft Deepens Ties with UNDO to Scale Carbon Removal Carbon removal company UNDO has signed a new agreement with Microsoft to permanently remove 28,900 tonnes of carbon dioxide by 2036,...
Tokyo Sets Global Benchmark for Climate Adaptation Finance Tokyo is preparing to issue the world’s first climate resilience bond certified under the Climate Bonds Initiative’s (CBI) new Resilience Criteria and...
• Coalition includes ExxonMobil, BASF, ADNOC, BlackRock’s GIP, Banco Santander, and others, spanning energy, finance, and industry.• Initiative to create ledger-based global carbon accounting system addressing accuracy, double counting, and...
In this week’s ESG News Week In Review, policymakers and markets sent mixed signals on climate action. The Federal Reserve and FDIC withdrew proposed climate risk rules for large banks,...
• New six-principle framework offers data-backed guidance to align carbon removal and biodiversity outcomes in voluntary carbon market (VCM) projects.• Analysis of 1,639 global VCM projects reveals biodiversity integration remains...
• The Federal Reserve, FDIC, and OCC have jointly rescinded the 2023 climate risk management principles for large financial institutions.• Regulators said existing safety and soundness standards sufficiently address all...
• Indonesia lifts its four-year moratorium on international carbon trading through a new presidential decree.• Cross-border transactions can resume under national or international standards, tracked by a decentralized real-time registry.•...
• Malaysian pension fund KWAP launches Dana Iklim+, a 2 billion ringgit ($475 million) climate-focused investment fund.• Targets multi-asset climate solutions spanning infrastructure, private equity, real estate, and nature-based projects.•...
• €1.7 billion financing secured for one of Europe’s largest steel decarbonization projects• Backed by Germany’s federal and Saarland governments under a €2.6 billion transformation program• Project aims to cut...
• South Korea to require 1% SAF blending for all international departures by 2027, increasing to up to 10% by 2035.• Airlines must source 90% of annual refuelling volumes from...
Rulemaking shift to 2026 The California Air Resources Board (CARB) announced it will delay the initial rulemaking for the new California climate disclosure laws SB 253 and SB 261 into...