The Commission Delegated Regulation (EU) 2024/1700 supplementing Regulation (EU) 2017/2402 with regard to regulatory technical standards (“RTS”) was adopted on June 18, 2024. These RTS set out the content, methods and presentation of information in relation to the principal adverse impacts (“PAIs”) of the assets financed by the underlying exposures on sustainability factors for securitizations and the new rules will…
Cleantech Startup Rondo Energy Secures $80 Million Funding for New Industrial Decarbonization Projects
Zero-carbon industrial heat solutions provider Rondo Energy announced that it has secured €75 million (USD$80 million) in funding, aimed at expanding its European presence by supporting three industrial decarbonization projects in the food, clean fuel, and chemical production industries. Founded in 2020, California-based Rondo Energy provides solutions to address emissions from industrial heat processes. Industrial heating uses high amounts of…
ISO to Launch Global Net Zero Standard
The International Organization for Standardization (ISO) announced that it has commenced work on the development of a new international standard on net zero, aimed at providing clarity and credibility to organizations’ net zero targets and strategies, and to guard against greenwashing. The process to develop the standard follows the launch in 2022 at the COP27 climate conference of the ISO…