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Tag: Net Zero
Following through on its 2020 net zero ambitions, HSBC has released its inaugural Net Zero Transition Plan, outlining its roadmap for financing and supporting the global transition to a low-carbon...
The launch of the Singapore Sustainable Finance Association (SSFA) marks a significant milestone in Singapore’s journey to becoming a leading center for sustainable finance in Asia. In his keynote speech,...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors in his capacity as its Chairman. During the...
The Council and the European Parliament’s negotiators today reached a provisional political agreement on CO2 emission standards for heavy-duty vehicles (HDVs). The aim is to further reduce CO2 emissions in the road transport sector and to...
Key Impact Points: The landmark report highlights six decades of SRK’s distinguished initiatives and partnerships to improve sustainability industry-wide. Shree Ramkrishna Exports (SRK), one of the world’s leading diamond crafting companies,...
Key Impact Points: Barclays announced that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice...
Key Impact Points: Our youths play a crucial role in the journey towards a net-zero world. With their passion and fresh perspectives for a greener future, they are set to...
Key Impact Points: The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in...
Key Impact Points: Chris Stark, the UK’s chief climate change adviser, has been appointed as the new CEO of global climate consultancy, the Carbon Trust. He will take over the...
Key Impact Points: Three leading industrial clusters from China, France and the United States have joined the World Economic Forum’s Transitioning Industrial Clusters initiative, a network of 20 industrial clusters in...
Key Impact Points: The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the...
Key Impact Points: Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with global energy leader EDP Renováveis, S.A. (“EDPR”), to purchase an 80% equity...
Key Impact Points: BNP Paribas Asset Management (BNPP AM) is charting a bold course for a more sustainable future with its newly unveiled Global Sustainability Strategy (GSS). This revised plan...
Key Impact Points: GreenIT, the Italian renewable energy joint venture founded in 2021 by Plenitude (Eni, 51% ownership) and CDP Equity (CDP Group, 49% ownership), has signed an agreement with...
Key Impact Points: Caterpillar Inc. announced it has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number one aggregates...
Key Impact Points: The European Commission has approved a €2.9 billion French scheme for supporting investment in green industries (tax credit for investment in green industries) to foster the transition towards a net-zero...
Key Impact Points: A set of business actions aimed at reducing the intensity of energy demand could unlock annual savings of at least $2 trillion for the global economy if...
Key Impact Points: As the world grapples with environmental and social challenges, Robeco, a leader in sustainable investing, has announced its key engagement themes for 2024. These themes go beyond...
Through a data-first approach, Trimble offers a carbon marketplace to bridge the gap between farmers, agronomists and businesses to track and leverage sustainable farming practices Trimble announced the Connected Climate...
Renewable energies covered almost 52 percent of gross electricity consumption in 2023. This is shown by preliminary calculations by the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the...
DOE Proposes New Rule For Energy Efficient Commercial Fans and Blowers and Finalizes Refrigerator and Freezer Standards with Strong Industry and Stakeholder Support, Bolstering Biden-Harris Administration Efforts to Strengthen Outdated...
The European Investment Bank (EIB) has committed €400 million to support a significant new investment for MYTILINEOS Energy and Metals (MYTILINEOS), which will accelerate renewable energy production across Greece and...
JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, announced that the near and long-term science-based emissions reduction targets* of its principle...
Emeren Group Ltd, a leading global solar project developer, owner, and operator, announced the successful purchase of an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, an industrial...
Agreement Marks Company’s First Transaction in the Voluntary Carbon Market Weyerhaeuser Company announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit. This agreement marks Weyerhaeuser’s...
Canada is committed to decarbonizing the country’s transportation sector and becoming a global leader in zero-emission vehicles (ZEVs). In the last few years, we have seen a steady growth of...
Yingli Energy Development Co., Ltd. (Yingli Solar) has recently penned an agreement to supply modules. Under the terms, Yingli Solar will provide 1.25 GW of their high-efficiency Panda N-type TOPCon PV modules...
The facility will have a capacity of 86.4 megawatts (MW) and will have more than 160,000 photovoltaic modules. Iberdrola has obtained environmental approval for Spain’s first hybrid photovoltaic and hydroelectric plant with...
Ørsted has taken final investment decision (FID) on the world’s single largest offshore wind farm, Hornsea 3, which will have a capacity of 2.9 GW and is expected to be...
The innovative financing agreement leverages the transferability option in the IRA to fund Golden Triangle I solar plus storage in Mississippi through construction and long-term operations. Origis Energy, one of America’s leading...
Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay. These orders represent Volvo’s first sales of zero-exhaust emission trucks to Latin America. Volvo Trucks is continuing to enter new...
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...
A new IFC investment will help address critical infrastructure gaps, facilitate trade, and boost access to renewable energy in Asia and Africa, helping support job creation, foster GDP growth and...
Iberdrola, through its distribution subsidiary in the UK –ScottishPower Energy Networks-, is making progress in the execution of what will be the first high-capacity cable project on the east coast of the...
bp has signed an agreement with BWT Alpine F1 Team to support its net zero journey at its site in Enstone (Oxfordshire), where the team designs, develops, manufactures, and builds...
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...
Ashley Black & Co.’s founder Ashley Black discusses her mission in the wellness industry, updates on products, and growth goals with FinTech TV Host, Remy Blaire – from the iconic...
As climate finance takes center stage at COP28, the Global Innovation Lab for Climate Finance (The Lab) celebrates a significant milestone: its portfolio of climate finance solutions has now mobilized over USD...
Garanti BBVA is in the process of installing solar panels on buildings at its Pendik Campus, on the Güneşli Service Building and on top of the bank’s ATMs. The solar...
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...
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...
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...
Momentum behind carbon capture, utilisation and storage (CCUS) is reaching unprecedented levels, but implementation continues to lag behind, a new IEA report finds. With over 400 new carbon capture, utilisation...
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...
Intel has announced plans to further reduce its direct and indirect greenhouse gas emissions and develop more sustainable technology solutions. As one of the world’s leading semiconductor design and manufacturing...
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...
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...
Rolls-Royce announced that it has successfully completed compatibility testing of 100% Sustainable Aviation Fuel (SAF) on all its in-production civil aero engine types. This fulfils a commitment, made in 2021,...
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...
Sustainable, carbon-negative home builder completes first home in collaboration with renowned design firm Aro Homes, which is pioneering an approach to engineer and build net-zero homes faster and more efficiently...
The U.S. Department of Agriculture’s Forest Service announced a Notice of Proposed Rulemaking (NPRM) that would allow the agency to consider proposals for potential carbon capture and sequestration projects on...
CalPERS, the largest public pension fund in the US, will more than double its climate-focused investments to $100 billion by 2030. The fund will also consider selling stocks in companies...
EDP is accelerating the delivery of its coal free commitment by 2025 with reinforced plans for the group’s remaining coal plants in Spain. These decisions represent yet another relevant step...
Lotus Technology Inc., a leading global luxury electric vehicle maker, has released its first annual Environmental, Social, and Governance (“ESG”) Report. The report documents the Company’s ESG strategy and highlights its...
The Monetary Authority of Singapore (MAS) issued a set of consultation papers proposing guidelines on transition planning by banks, insurers and asset managers to enable the global transition to a...
Canada Pension Plan Investment Board (CPP Investments) published its 2023 Report on Sustainable Investing. The report focuses on using our active ownership and engagement to deliver results across the investment life...
Deutsche Bank published its initial Transition Plan as well as net-zero pathways for three additional carbon-intensive industries in the bank’s corporate loan portfolio. The publication marks two further milestones in...
Company progresses against its goals related to achieving net-zero greenhouse gas emissions, strengthening diversity, equity, inclusion, and belonging, addressing global hunger, and more The Kraft Heinz Company (the “Company” or...
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...
Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5...
MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, announced it has signed a purchase agreement to acquire Trove Research,...
ADNOC announced, the final investment decision and award of contracts for the Hail and Ghasha Offshore Gas Development project. The project aims to operate with net zero carbon dioxide (CO2)...
The European Investment Bank (EIB) has invested €150 million in the inaugural €600 million green bond issue by automotive supplier Valeo. A key feature of this operation is the establishment of a...
Saudi Arabia is taking significant steps to address climate change by launching the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM), a domestic market mechanism aimed at reducing greenhouse gas emissions...
The Commission welcomes the provisional agreement reached by the European Parliament and the Council on strengthened rules to massively reduce greenhouse gas (GHG) emissions from fluorinated gases (F-gases) and ozone-depleting...
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable finance, announces the project launch of Mirova Energy Transition 6 (MET6), its sixth strategy dedicated to energy transition infrastructure, aiming...
ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). ...
Green transition hinges on multi-stakeholder collaboration ahead of GITEX Impact (16-20 Oct 2023) in Dubai The UAE’s COP28 will mark the world’s first global stocktake, evaluating the collective progress made...
A €100/month electric vehicle (EV) leasing scheme is to be introduced in France from November as part of the country’s climate action strategy, French President Emmanuel Macron announced, though only...
Danish pension fund AkademikerPension, which oversees $20 billion in client assets, has completed a multiyear divestment program to purge its portfolio of oil and gas stocks. AkademikerPension has announced that...
Second rebate competition from President’s Investing in America Agenda builds on nearly $1 billion investment that will put thousands of clean school buses on the road The U.S. Environmental Protection...
PepsiCo’s fleet and electric infrastructure, including Tesla Semi trucks, spotlighted to push the industry forward in building electric depots PepsiCo Beverages North America’s (PBNA) Sacramento-based Tesla Semi trucks are taking...
These new projects align with the company’s goal to increase onsite renewable energy, increase energy efficiency, and eliminate the use of fossil fuels across its operations. IKEA U.S. has announced...
A report released by Allianz Economic Research, Allianz X, UnternehmerTUM, and UVC Partners highlights the central importance of ClimateTech to the global transition to net zero. The ClimateTech industry, it notes,...
bp (NYSE: BP) has started construction on its 187MWdc Peacock Solar project, located 10 miles north of Corpus Christi in San Patricio County, Texas, helping support the global transition to...
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...
A new important agreement between the UK and Germany could help to accelerate the development of an international hydrogen industry – with the 2 countries at the cutting edge of...
50-point plan also aims to reduce greenhouse gas emissions by 55% and includes new offshore wind projects France has unveiled an ambitious “ecological plan” to combat climate change, aiming to...
President Nana Akufo-Addo unveils country’s roadmap for green growth and decarbonizing key economic sectors developed by Government of Ghana and SEforALL His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new...
18 new biofuel-powered trucks deliver the European leg and contribute to Formula’s 1 journey towards Net Zero emissions DHL and Formula 1® have announced that the new fleet of trucks...
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...
Citizens Financial Group, Inc. (CFG), a commercial lender, announced $50 billion in sustainable finance target which includes a $5 billion in green financing, by 2030. The company aims to finance...
Nasdaq (Nasdaq: NDAQ) announced its Capital Access Platforms division has launched two new offerings designed to help corporates and investors better streamline their sustainability and impact investing journeys. Nasdaq Metrio™ is...
ExxonMobil’s latest milestone in carbon capture and storage (CCS) comes from the UK North Sea, where we were a winner in the UK’s first-ever carbon storage licensing round. ExxonMobil’s Low Carbon...
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...
Germany is on track to generate over 50% of its power from renewable energy in 2023, but needs to ramp up the speed of its transition towards the end of...
Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, has tightened its climate risk demands on companies it invests in. The fund, which pools the Norwegian state’s revenues from oil...
The Rockefeller Foundation announced that it will invest over USD 1 billion over the next five years to advance the global climate transition and help ensure everyone can participate in...
Mars Will Cut Carbon in Half – or by roughly 15 million metric tons – by 2030 Across Full Value Chain and Will Continue Investing in Climate Action Despite Weaker...
As part of Nestlé’s 2050 net zero roadmap and its work to spark regenerative agriculture, the company tests many new, innovative ideas. Those that prove effective and scalable are rolled...
Apple® announced its first-ever carbon neutral products in the all-new Apple Watch® lineup. Innovations in design and clean energy have driven dramatic reductions in product emissions of over 75 percent...
Cemvita designs synthetic microbes that have the potential to convert CO2 into sustainable aviation fuel (SAF) Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of...
Edelweiss Alternatives, part of Edelweiss group, said it has launched its maiden climate fund, which will invest in different ventures related to cleaner climate. The fund will have a corpus...
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...
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...
Ken Murphy, CEO of Tesco, the UK’s largest retailer, has called upon political parties to uphold their net-zero commitments in preparation for the anticipated 2024 general election. Speaking at the...
Microsoft’s purchase unlocks key project financing mechanism to dramatically scale and reduce the cost of Heirloom’s Direct Air Capture facilities Microsoft has signed a multi-year deal to purchase up to...
Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment to achieve net-zero emissions by 2050 in its proprietary investment and P&C underwriting...
Maersk ECO Delivery reduces global greenhouse gas (GHG) emissions footprints through certified low emission fuel for ocean shipping as an alternative to fossil fuels A.P. Moller – Maersk and Amazon...
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