The European Council announced today that it has adopted amendments to a regulation on CO2 emissions standards for new passenger cars and vans, giving car manufacturers more time to comply with CO2 targets, avoiding significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023, including […]
Italian energy company Eni announced today that it has signed an exclusivity agreement with BlackRock’s infrastructure-focused unit Global Infrastructure Partners (GIP) for the potential sale of a co-control stake of 49.99% of Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding.
India-based climate tech startup Alt Carbon announced that it has raised $12 million in a seed financing round, with proceeds aimed at scaling its Enhanced Rock Weathering solution to remove and store carbon across the Global South. According to the company, the announcement marks the largest seed round to date for climate tech in India.
This week in ESG news: JPMorgan buys carbon removal for under $200/ton; Meta, Google sign large-scale renewable energy deals to power data centers; France joins call to scrap EU’s supply chain sustainability law; Lululemon hires former Nike CSO as new sustainability chief; PepsiCo pushes back climate and sustainable packaging goals; EU Parliament agrees to exempt […]
Um sechs Shopping-Center bei der Strom- und Gaszufuhr nachhaltig auszurichten, hat sich das Immobilien- und Investmentunternehmen Unibail-Rodamco-Westfield (URW) die Dienste des ESG-Experten Westbridge Advisory (Westbridge) gesichert. Hierbei hat Westbridge URW im Bereich der Energiezulieferung beraten und beim Abschluss eines Power Purchase Agreements (PPA) unterstützt. Ein PPA ist ein langfristig ausgelegtes Vertragsmodell zwischen Energieerzeugern und einem […]
Natixis Investment Managers’ sustainability- and thematics-focused affiliates, Mirova and Thematics Asset Management announced today the launch of a strategic merger project, aimed at creating a “unique offering” combining innovation and positive impact, and becoming “a major player in thematic management worldwide. “
Investment giant BlackRock issues a strong statement following the release of a statement by the U.S. Department of Justice and Federal Trade Commission in support of a Texas-led multistate lawsuit accusing asset managers BlackRock, Vanguard and State Street of using ESG investing to manipulate coal markets, calling the case “baseless,” and “based on an absurd […]
Die Bundesanstalt für Immobilienaufgaben (BImA) treibt den Ausbau der E-Ladeinfrastruktur für die Liegenschaften des Bundes weiter voran. Mit der Einrichtung von rund 1.900 neuen Ladepunkten auf fast 300 Grundstücken leistet die BImA einen bedeutenden Beitrag zur Mobilitätswende der Bundesverwaltung.
London-based cleantech construction technology firm Converge announced that it has raised $22 million in a new investment round, with proceeds aimed at further developing and commercially scaling its AI-based platform for decarbonizing concrete. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of […]
Facebook, Instagram, and WhatsApp owner Meta announced that it has signed two long-term Power Purchase Agreements (PPA) to acquire 650 MW of solar energy in Texas and Kansas from energy provider AES to support the social media giant’s data centers. Virginia-based AES is among the largest power providers in the world. Meta will draw power […]
Food and beverage giant PepsiCo announced today a series of updates to its key sustainability goals in areas across climate, packaging, agriculture and water, including pushing back its 2040 target to achieve net zero greenhouse gas emissions across the value chain by ten years to 2050.
Lawmakers in the European Parliament voted 564 – 20 today to approve proposed changes to approve proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, which would exempt the vast majority of importers from the CBAM rules, while allowing the mechanism to continue to cover nearly all emissions […]
JPMorganChase and carbon dioxide removal (CDR) project developer CO280 announced a new large-scale, long-term CDR purchase agreement, with JPMorgan agreeing to offtake 450,000 tons of carbon removal over 13 years from a project that will capture and permanently store biogenic carbon emissions from a pulp and paper mill in the U.S. Gulf Coast.
Low carbon mobility-focused finance and investment firm Neot Capital announced the launch of Neot e-motion, a new leasing platform dedicated to zero-emission mobility in Europe. The new platform is being launched with €350 million (USD$394 million) in equity commitments from investors including Alba Infra Partners, Mirova, and the Banque des Territoires.
Alternative asset manager Patria Investments announced the launch of Omnia, a new platform aimed at developing, building and operating large-scale data centers across Latin America, fully powered by green, renewable energy. Patria said that the new platform will initially focus on 100+ MW campus projects, tailored to high-density AI workloads, with expected investments above $1 […]
