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Tag: Decarbonization
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...
Scania and SSAB have signed a letter of intent to decarbonise all steel deliveries from SSAB to Scania’s heavy-duty vehicles in 2030. Deliveries of SSABs Fossil-free™ steel is targeted to...
As delegates from nearly 200 countries, policymakers, and business leaders prepare to gather in Dubai for the COP28 climate change conference, the latest MSCI Net-Zero Tracker reveals that the pace...
CRH, the global leader in building materials solutions, and Volvo Group, the leader in transport and infrastructure solutions, have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in...
Air France-KLM has made an investment in DG Fuels to support the completion of the developmental work necessary to reach the Final Investment Decision on DG Fuels’ initial Louisiana-based sustainable...
TESCanada H2 Inc. (hereinafter “TES Canada”), a Canadian developer of innovative projects aimed at accelerating the energy transition, is proud to present the Projet Mauricie. Totalling $4 billion in investments...
Aiming to finance increased production of SiC power semiconductors to support decarbonization Mitsubishi Electric Corporation announced that it will issue green bonds for the first time to raise funds for...
A.P. Moller-Maersk, the world’s largest container shipping company, has issued a $750 million green bond to finance its decarbonization efforts. The bond, which matures in 10 years, will yield 1.65...
The Volkswagen Group has made decisive progress in its four industry-leading technology platforms. It is also tapping into highly attractive additional profit pools as part of its transformation from legacy...
DHL Global Forwarding, DHL Group’s air and ocean freight specialist, is recording an increased demand in sustainable transport solutions based on the usage of sustainable fuels such as Sustainable Aviation...
Bayer, a global enterprise with core competencies in the life science fields of agriculture and healthcare, in collaboration with GenZero, a Temasek-owned investment platform company dedicated to accelerating decarbonization globally,...
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...
$137.7 Million Fund to Focus on Key Investments in Packaging, Decarbonization and Other Initiatives with the Potential to Reduce the Coca-Cola System’s Carbon Footprint The Coca-Cola Company and eight bottling...
Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration with Assarmatori and Confitarma as well as three of the largest companies in the...
FertigHy, a company founded by EIT InnoEnergy, RIC Energy, MAIRE, Siemens Financial Services, InVivo and HEINEKEN, launches to pioneer the low-carbon transition of the European fertiliser industry. FertigHy aims to...
The International Finance Corporation (IFC), a member of the World Bank Group, announced the signing of a green and sustainability-linked loan to ENGIE Energía Chile. This financing, for a total...
TotalEnergies and VNG, a German natural gas distribution company, have signed an agreement to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. Under the...
Cargill has entered into a multi-year agreement with Swedish industrial startup H2 Green Steel for the supply of green steel. The agreement aims to accelerate global ferrous supply chain decarbonization....
BBVA Chair Carlos Torres Vila concluded the sixth edition of BBVA Open Summit, the annual entrepreneurship event, recalling the bank’s commitment to innovation. “BBVA has 600 million committed to various...
China Baowu, the world’s biggest steelmaker, and Rio Tinto, the world’s largest iron ore producer, have signed a MoU to explore a range of industry leading new projects in China...
BBVA has invested 20 million dollars in Just Climate’s Climate Assets Fund I whose objective is to invest in the highest impact solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial...
SKF has decided to allocate SEK 3 billion to meet its energy and decarbonization goal by 2030, which is a key element of the Group’s strategy. The Group has also...
Japan plans to invest 15 trillion yen ($107.5 billion) over the next 15 years to supply the country with hydrogen, the government said on Tuesday, as it accelerates efforts to...
Becomes first U.S.-based coatings company to receive validation from Science Based Targets initiative PPG announced its near-term 2030 sustainability goals, including greenhouse gas emissions targets that have been validated by...
RINA, an international company specialising in inspection, certification and engineering consultancy, and Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonisation...
The CEO of Eni Claudio Descalzi and Chairman of the Board of Directors of Sonangol Sebastião Pai Querido Gaspar Martins have signed in Rome a MOU to further expand the...
Hydro Building Systems has entered into a collaboration with Saint-Gobain Glass to reduce the carbon footprint of building facades in half, by integrating the low-carbon solutions offered by both companies....
CGEM has launched a digital educational guide on decarbonisation for Moroccan companies with the support of the European Investment Bank (EIB), via its new EIB Global development arm, and the...
CAI to Deploy up to $300 Million to Accelerate Digital Infrastructure Transition to Net Zero Initial Investment in Switch, Leading Operator of Renewable Powered Data Centers Climate Adaptive Infrastructure and...
Cummins to reveal zero-carbon H2-ICE concept truck powered by X15H hydrogen engine Accelera to show expanded zero-emissions portfolio for the first time in North America Cummins Inc. and Accelera by...
Japanese trading house eyes floating wind turbines, sustainable aviation fuel Japanese trading house Mitsubishi Corp., together with MUFG bank and others, will launch one of the largest decarbonization funds in...
Porsche AG and Norsk Hydro ASA will work together to further reduce the carbon footprint of Porsche’s car models by using low-carbon aluminium and extrusions from Hydro. In addition, the...
Smart Freight Centre (SFC) and the Science Based Targets initiative (SBTi) have formed a technical collaboration to further build on the platform they have developed to accelerate the decarbonization of...
In line with its Net Zero Banking Alliance commitments, Garanti BBVA announced its interim decarbonization targets for 2030. As the first bank in Türkiye to announce that it will no...
BBVA has published its clients’ progress toward decarbonization in the initial version of its climate transition plan. The bank is one of the first in the world to apply the...
This first-of-its-kind strategy will tie compensation to the successful accomplishment of pre-defined, quantifiable sustainability goals Galvanize Climate Solutions, the climate-focused global investment firm, announced the launch of Galvanize Real Estate,...
Over 250 global manufacturing partners are now on a path to decarbonize Apple production by 2030 Apple announced its manufacturing partners now support over 13 gigawatts of renewable electricity around...
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related...
A year ago, the Supervisory Board of voestalpine AG gave the green light to conduct the preliminary work for climate friendly steel production in Austria. This is now at an...
TD Bank Group launched a new Sustainable & Decarbonization Finance Target to support its customers, clients and the communities it serves by aiming to mobilize $500 billion CAD by 2030 through financial activities including...
Purolator announced it expects to invest approximately $1 billion to electrify its Canadian network over the next seven years. This includes a plan to purchase more than 3,500 fully electric...
Three major groups are joining forces to fight climate change and launch the European Clean Transport Network Alliance (ECTN Alliance), a concrete solution to decarbonize road freight transport. Mobilizing the...
Funding from President Biden’s Clean Energy Plan Will Create New Economic Opportunities Across the Nation and Bolster American Industrial Leadership Globally The Biden-Harris Administration, through the U.S. Department of Energy...
To support the decarbonization of Senegal’s industrial sector, IFC announced a partnership with Sococim Industries, Senegal’s largest integrated cement manufacturer, which will boost low-carbon cement production, create jobs, and help...
Japan’s Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions, the company said on Wednesday....
Sasol has announced that it has established Sasol Ventures to advance Sasol’s decarbonisation and 2050 net zero ambitions through venture capital. It will invest €50 million over the next five...
The European Commission has approved, under EU State aid rules, a €460 million Spanish measure to support ArcelorMittal España in partially decarbonising its steel production processes. The measure will contribute to...
DOE and DOT Announce $7 Million for New Projects to Accelerate Decarbonization of Medium- and Heavy-Duty Freight Transportation, Releases Funding Notice of Intent to Increase Accessibility and Functionality of EV...
JERA Co., Inc. has entered into a Memorandum of Understanding with Abu Dhabi National Energy Company P.J.S.C. (“TAQA”), one of the largest listed integrated utilities in the Middle East, that...
17 Projects Will Boost Production of Biofuels for Consumer and Freight Transportation in America, Support President Biden’s Decarbonization and Climate Agenda The U.S. Department of Energy (DOE) announced $118 million...
In order to reach 2050 emissions reduction targets, trillions of dollars in public and private capital are needed to adopt and scale green energy technologies, financial experts told participants at...
Nine leading industrial clusters in China, Indonesia, Japan, Spain, and the United States have joined the World Economic Forum initiative, Transitioning Industrial Clusters towards Net Zero, to help industries reduce...
DP World will implement new processes to speed up turn around times at Jebel Ali Port, cutting bunker fuel consumption and reducing emissions. A.P. Moller – Maersk and DP World...
Bain & Company today announced a worldwide strategic partnership with Schneider Electric, a leading global sustainability and engineering consulting business focused on energy management and decarbonization. More than 4,000 companies...
About the Event Since COP26 in Glasgow in 2021, the topic of Climate change has been high on the agenda. Within the marine industry the efforts to reduce the impact...
To further combat climate change, Swedbank has adopted 2030 decarbonisation targets for the lending portfolio. The targets are in line with the global 1.5° C target and have been set...
Amazon UK said it would expand its electric-cargo bike fleet and make more deliveries on foot to accelerate the decarbonisation of the transportation network it uses to deliver packages across the...
SE Ventures grows to €1 billion establishing itself as one of the largest venture capital platforms focused on electrification, digitization and decarbonization building on highly successful Fund I track record...
Receives Significant Investor Support for Climate Solutions to Help Decarbonize the Global Economy Reinforces Strength of VoLo Earth’s Purpose-Driven Team of Founders, Investors, and Climate Strategists VoLo Earth, an emerging...
As a result of its joining Net Zero Asset Managers in 2021, BBVA Asset Management has announced its initial targets for decarbonization of assets under management. This initial commitment affects...
KKR, a leading global investment firm, and Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, announced...
Aspen Power Partners LLC, a distributed generation platform with the mission of accelerating decarbonization, announced a $350 million investment from funds managed by global investment firm Carlyle. The investment supports Aspen’s organic...
Volkswagen Group’s new Green Finance Framework (GFF) strengthens the link between its decarbonization and financing strategy Incorporating EU taxonomy enhances transparency for sustainability investors Only capital expenditures for...
Hydrogen could supply up to half of power needs by 2050 Deputy Prime Minister and Minister for Finance Lawrence Wong outlined Singapore’s national strategy to develop hydrogen as a major...
The company accelerates work with suppliers to decarbonize Apple-related production, and expands investments in clean energy and climate solutions around the world Apple has called on its global supply chain...
Fourth vintage of BlackRock’s flagship global diversified infrastructure equity fund series Fund seeks to capitalize on long-term trends of Decarbonization, Decentralization and Digitalization First closing secures commitments representing over half...
Ground-breaking project will establish sector decarbonisation pathways and methodologies for measuring farm-level greenhouse gas emissions Outcomes will be shared publicly and used by Barclays to set emissions reduction targets for...
Volvo Trucks will deliver fully electric heavy-duty trucks to Amazon in Germany by year end. The 20 Volvo FH Electric are expected to drive more than one million road kilometres annually, fuelled...
Customers now have access to GoGreen Plus services for road transportation with DHL Freight, following successful implementation in ocean and air freight GoGreen Plus is part of Deutsche Post DHL...
Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures and others back the company Electra, a green...
IKEA joins forces with four global companies by committing to EV 100+ to transition to zero-emission electric trucks by 2040. Electrification of road transport is one of the key solutions...
Houston is home to 40% of all publicly traded oil and gas companies The Gulf Coast is responsible for 10% of emissions in the U.S. and 3% of global emissions...
World’s biggest carbon removals deal announced at New York Climate Week Renewable energy leader Drax Group and impact-driven carbon finance business Respira International have announced a pioneering agreement that will...
US$6.2 billion capital investment will eliminate 3 million metric tons of CO2 equivalent emissions per year Operating cost savings of US$818 per year Payback of capital by 2034 Fortescue Metals...
The climate-first venture firm has initiated two new investment funds and a sustainability knowledge hub Extantia’s existing portfolio companies includeH2PRo, INERATEC, GA Drilling, BeZero and Reverion “We provide economically and...
Decarbonization to be based on issuer-specific climate score Corporate bond holdings to be tilted towards issuers with better scores Tilting to be applied to all corporate bond purchases settled as...
Interim decarbonisation targets set for 2030, reinforcing commitment to net zero financed emissions by 2050 Represents one of the most comprehensive sets of decarbonisation targets in global banking industry Bank...
Announces plan to invest up to $1 billion in new, 3.5 GWDC manufacturing facility in the US Southeast Existing Northwest Ohio footprint to be expanded by 0.9 GWDC with $185 million upgrade...
This green hydrogen deal will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks as it continues on the path to be net-zero carbon by 2040 Amazon has...
Ørsted has set a clear expectation towards all suppliers to use 100 % renewable electricity by 2025, becoming the first energy company in the world to do so. The commitment builds...
Costa Rica continues to forge ahead in its transition to a green economy with net-zero emissions by 2050. The Inter-American Development Bank (IDB) approved a $300 million loan to continue...
Funding Aims to Decarbonize and Accelerate the Electrification of All Vehicles, Slash Fuel Costs for Drivers and Companies The U.S. Department of Energy (DOE) today announced a $96 million funding...
GE has been awarded a contract from Energinet for two F35g 145 kV SF6-free g3 gas-insulated substations (GIS) g3 substations will be installed at the Amagerværket (AMV) and Vigerslev Koblingsstation (VIK) substations, both...
Communique says leaders are committed to “a highly decarbonised road sector by 2030” as well as “a fully or predominantly decarbonised power sector by 2035.” Details of the communique come...
Walmart to demonstrate 15-liter natural gas engine developed by Cummins Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced definitive agreements to supply fuel linked to renewable natural gas for...
Lead funders include Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation. The $250M Fund will be used to identify, fund, scale, and measure verified impact solutions to decarbonize and modernize...
China is rolling out so-called low carbon transition bonds to help companies become greener, the country’s interbank bond market regulator said on Monday, as Beijing strives toward carbon neutrality. Under...
Temasek commits an initial amount of S$5 billion to establish GenZero, an investment platform company that aims to accelerate decarbonisation, for future generations towards a net zero world GenZero will invest globally...
EV Technology Group launched its sustainability platform today, including an articulation of its ESG aspirations and purpose — to drive the adoption of electric vehicles. EV Technology Group’s sustainability platform outlines...
Booster, the leading mobile energy delivery platform, announces it has raised more than $125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor...
The ‘E’ element in ESG, which stands for ‘environment’ is not just a choice now, but a necessity, according to Vincent Keaveny, Lord mayor, City of London. While speaking at...
Significant opportunity to achieve city decarbonization goals with improved consistency of standards, policies and reporting of building emissions City governments are setting ambitious sustainability targets, often well ahead of national...
Enertiv, the operational intelligence platform for commercial real estate, has announced the completion of its latest preferred equity financing, as new and existing investors backed the company to play a...
Renewable Energy Group, Inc. is pleased to announce the issuance of its 2021 environmental, social and governance (ESG) report. As the world transitions to clean energy solutions, REG plays a...
Cortex Sustainability Intelligence has released its official report detailing four pressing predictions for sustainability in commercial real estate in 2022. The guide, developed by the decarbonization experts behind the sustainability...
Johnson Controls has acquired Asset Plus, a specialist provider of energy reduction and zero-carbon measures for the UK public sector. Delivering sustainability savings for multiple NHS organisations, local authorities, and...
Archrock, Inc. announced that it has agreed to acquire for cash a minority equity stake in Ecotec International Holdings, LLC, a global leader in methane emissions monitoring and management. In...
Utility giant National Grid is planning to eliminate fossil fuels from its heating systems in New York state and Massachusetts by 2050, primarily by expanding the use of electric heat...
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