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Meta, the World Resources Institute (WRI), and Land & Carbon Lab have unveiled the first global AI-powered map of tree canopy height at 1-meter resolution. This groundbreaking tool enables detection...
Morgan Stanley Infrastructure Partners (MSIP), part of Morgan Stanley Investment Management, has announced the sale of its 50% ownership stake in Höegh Evi Ltd. to funds managed by Igneo Infrastructure...
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...
In the festive spirit, I’m channeling Charles Dickens, the man who gave us A Christmas Carol and popularized the holiday season. Another of his classics, A Tale of Two Cities,...
Emirati investment firm Kazar is investing $2.5 billion to build a hybrid renewable energy station in Egypt’s Zafarana region. The project, a collaboration with the Egyptian government, will deliver a...
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...
Abu Dhabi has introduced MARSDNA, a groundbreaking tool designed to advance Environmental, Social, and Governance (ESG) goals in the maritime sector. Developed by Maqta Technologies Group, this free, user-friendly digital...
The Environment Agency – Abu Dhabi (EAD) has launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme to address carbon emissions and accelerate the emirate’s transition to a...
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: India is reconsidering its decade-old, $30 billion program requiring coal-fired power plants to install flue-gas desulphurization (FGD) systems. Only 8% of the 540 targeted power plant units have...
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: Trrue, an Ireland-based layer-1 blockchain focused on ESG compliance and real-world asset tokenization, has secured a $10 million investment commitment from GEM Digital, a Bahamas-based $3.4 billion alternative...
What’s happening: Nostromo Energy received a conditional commitment for a $305.5 million loan guarantee from the U.S. Department of Energy (DOE). The funds will finance Project IceBrick®, deploying Nostromo’s innovative...
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,...
China’s journey toward corporate sustainability reporting has gained momentum in recent years. The Ministry of Finance (MOF), collaborating with nine other departments, unveiled the Basic Standards on December 17, 2024,...
The Science Based Targets initiative (SBTi) has released updated plans for its sectoral standards targeting the oil and gas, chemicals, and power industries—three of the largest global emitters. These updates...
The Environment Agency – Abu Dhabi (EAD) has reported a dramatic reduction in single-use plastic bag consumption since implementing its Single-Use Plastic Policy in June 2022. In just two years,...
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...
The U.S. Environmental Protection Agency (EPA) has granted California the authority to implement its Advanced Clean Cars II (ACC II) regulations and low-NOx standards for heavy-duty and off-road vehicles. These...
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 financial services sector in the Asia Pacific (APAC) region plays a pivotal role in advancing sustainability goals. According to the Sustainability Counts III report, progress in this industry depends...
DP World has become the first company in the Middle East and North Africa (MENA) region to issue a Blue Bond, raising $100 million for sustainable maritime and water-focused projects....
The European Commission has introduced the Flight Emissions Label (FEL), a voluntary program offering airlines a standardized and transparent way to report flight emissions. Fully operational by July 2025, FEL...
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...
The U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) has opened applications for $1.8 billion in funding to accelerate Direct Air Capture (DAC) technology. This initiative focuses...
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,...
Snam Signs €4B Sustainability-Linked Credit Facility Snam has finalized a €4 billion sustainability-linked revolving credit facility, marking a significant milestone in its commitment to achieving carbon neutrality by 2040 and...
Europe’s Banks Are “In Debt to the Planet” Europe’s 25 largest banks are not doing enough to address the dual crises of climate change and biodiversity loss, according to a...
UK FRC Pushes for ISSB Reporting Standards The UK Financial Reporting Council (FRC), acting as secretariat to the UK Sustainability Disclosure Technical Advisory Committee (TAC), has urged the UK Government...
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...
PwC has partnered with Oracle to launch new services that simplify data consolidation and reporting for multinational organizations facing complex compliance standards, including OECD Pillar Two, the Corporate Sustainability Reporting...
Canada has entered a new era of sustainability reporting with the release of CSDS 1 and CSDS 2, now included in the CPA Canada Handbook – Sustainability. These standards, crafted...
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...
The International Finance Corporation (IFC), part of the World Bank Group, has issued a 2 billion SEK green bond dedicated to financing biodiversity initiatives in emerging markets. SEB served as...
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...
IOSCO has announced the launch of a dedicated network to support Growth and Emerging Markets Committee (GEMC) members in adopting or integrating ISSB Sustainability Disclosure Standards. The network initially includes...
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,...
EFRAG has delivered its technical advice on the Voluntary Sustainability Reporting Standard (VSME) for non-listed small and medium-sized enterprises (SMEs), a move set to streamline sustainability reporting and support SMEs...
Google has signed a 15-year power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to secure 250MW of wind power from the Zeevonk project, a groundbreaking renewable energy initiative in...
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: Brown‑Forman Corporation, known for premium spirits like Jack Daniel’s and Woodford Reserve, has successfully engaged 100% of its direct farmers in regenerative agriculture, achieving its first sustainability goal...
The News: KPMG’s 2024 Survey of Sustainability Reporting highlights strong sustainability reporting progress among Belgian companies, driven by upcoming EU regulations and a growing focus on governance and transparency. Key...
The News: UPP Group Holdings, a leading provider of UK on-campus student accommodation, has secured its first sustainability-linked £110M corporate revolving credit facility (RCF) with Deutsche Bank. The deal links...
The News: Ecuador has completed a $1.5 billion debt-for-nature swap to fund the Amazon Biocorridor Program, unlocking $460 million for conservation efforts over the next 17 years. This is Ecuador’s...
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: The European Parliament approved a one-year delay for the EU deforestation law, which aims to ban products sourced from deforested or degraded land. Initially set to take effect...
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%....
The European Securities and Markets Authority (ESMA) has published a Q&A to provide clarity on the Guidelines for funds’ names using ESG or sustainability-related terms. This guidance ensures a consistent...
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...
SAP has announced the global availability of SAP Green Ledger, a cutting-edge carbon accounting solution that integrates emissions data into financial systems. This marks a significant step toward connecting environmental...
The Department of Energy (DOE) has approved its largest-ever loan of $9.63 billion to BlueOval SK LLC (BOSK) to construct three electric vehicle (EV) battery plants. These facilities—one in Tennessee...
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,...
The European Securities and Markets Authority (ESMA) has launched a consultation to gather input on digitalizing sustainability and financial disclosures through the European Single Electronic Format (ESEF). The goal? To...
The News: The European Union has finalized ambitious regulations requiring all packaging to be 100% recyclable by 2030. The comprehensive rules target the full lifecycle of packaging,emphasizing re-use, recycling, and...
Climate activists and ESG investors are rethinking their strategies for the anti-ESG age. The anti-ESG movement has been building for around three years now, but with the imminent arrival of...
UK’s Energy Revolution The UK government has launched its Clean Power Action Plan, aiming to secure energy independence and tackle the climate crisis by 2030. Energy Secretary Ed Miliband called...
Robin Hodess to Lead GRI as CEO The Global Reporting Initiative (GRI) has appointed Robin Hodess as its new CEO, effective February 2025. Hodess, currently Chief of Strategy and Impact...
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 Plan to Green AI Infrastructure Canada’s federal government is exploring a $15 billion incentive to encourage domestic pension funds to invest in artificial intelligence (AI) data centers powered by...
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....
The Story: The Hong Kong government unveiled a roadmap to implement the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across publicly accountable entities (PAEs) by 2028. This...
The Story: Microsoft has launched a groundbreaking datacenter design that consumes zero water for cooling, a significant step toward sustainability amid rising water stress. The innovative design employs chip-level cooling...
The Story: Stellantis and CATL are investing €4.1 billion in a joint venture to construct a state-of-the-art lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, targeting a...
The Story: California has delayed full enforcement of its climate reporting requirements, originally set to begin in 2026. The California Air Resources Board (CARB) announced it would use “enforcement discretion,”...
The Story: Ecuador has introduced a $1 billion bond as part of a debt-for-nature swap aimed at funding conservation efforts in the Amazon rainforest. This move builds on the success...
A new EY Institutional Investor Survey highlights growing skepticism and inaction within the investment community regarding ESG (Environmental, Social, and Governance) priorities. Investors wary of ESG reporting The survey of...
ING has introduced the ING Upgrader, an all-in-one service designed to make sustainable home improvements easier and more accessible for its mortgage customers. Launched on December 9, the service addresses...
German promotional bank KfW has unveiled plans to issue €10 billion in green bonds in 2025, further cementing its leadership in sustainable finance. The announcement came during its annual capital...
DWS has announced the first close of its ESG Infrastructure Debt Strategy (EIDS), securing €323 million from institutional investors across EMEA and APAC. This milestone highlights growing demand for sustainable...
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...
Schneider Electric has been named the official sustainability partner of the Boston Athletic Association (B.A.A.), which organizes the Boston Marathon and other iconic races. The six-year partnership will focus on...
The Asia-Pacific (APAC) region is accelerating its adoption of climate-related financial disclosure regulations aligned with the International Sustainability Standards Board (ISSB). With ISSB standards taking effect globally in January 2024,...
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...
Switzerland has made significant progress toward its net-zero emissions goals, achieving a 24% reduction in emissions from 1990 to 2022, while doubling the size of its economy. A new UBS...
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...
The Swiss Federal Council has launched a consultation on proposed updates to its sustainability-related disclosure rules, aimed at aligning with international developments and Switzerland’s climate targets. The consultation, initiated during...
At this year’s Microsoft Ignite, the company unveiled groundbreaking AI innovations aimed at empowering organizations to enhance ESG data transparency, gain actionable insights, and achieve their sustainability goals. Developed for...
Why it matters: The Asian Development Bank (ADB) is supporting innovative financial tools like sustainability-linked bonds (SLBs) to accelerate climate action in Thailand and across Asia. These bonds tie financial...
Why it matters: Corporate sustainability efforts are falling short due to internal and external barriers, according to ERM’s Sustainability Transformation Survey. Overcoming these obstacles is vital for achieving ambitious ESG...
Why it matters: The EU’s Corporate Sustainability Reporting Directive (CSRD) is reshaping sustainability reporting, requiring detailed ESG disclosures aligned with European Sustainability Reporting Standards. Many businesses are struggling to meet...
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...
Accelerating the Path to Net-Zero Deloitte’s Low-Carbon Solutions Page provides actionable insights into the challenges and solutions required to decarbonize hard-to-abate sectors. These industries, vital to meeting Paris Agreement goals,...
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