Factors must be fully integrated if investments in public and private markets to support early-stage firms and those in transition. Sustainability cannot be sidelined and must be integrated into investors’ core investment practices, according to investors speaking at the PRI in Person conference. “If sustainability is seen as an adjacent activity to traditional investment practices, then it’s never going…
Climate Tech Startup Paebbl Raises $25 Million to Turn Captured CO2 into Building Materials
Decarbonization technology company Paebbl announced that it has raised $25 million in a Series A funding raise, with proceeds to be used to scale up its technology turning captured CO2 to carbon-storing construction materials. Founded in 2021, Rotterdam-based Paebbl has developed a system to speed up the natural process of CO2 mineralization – where minerals inside rocks react with atmospheric…
UK Launches Cap and Floor Scheme to Support Energy Storage Investment
The UK government announced today the launch of a new scheme aimed at helping to build long duration energy storage capacity by enabling investment in critical infrastructure. Energy storage forms one of the major building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many sources of renewable energy, such as wind and solar, and…
CBRE Acquires NRG’s Renewable Energy Advisory Business
Commercial real estate services and investment firm CBRE announced that it has acquired NRG Energy’s renewable advisory group, in a move described by the company as aimed at significantly enhancing its sustainability solutions capabilities for clients. Formed in 2018, and led by Miro Sutton, NRG’s renewable advisory business brokers and advises on renewable energy transactions, working primarily with Fortune 500…
Form Energy Raises $405 Million to Scale Up Multi-Day Energy Storage Solution for the Electric Grid
Energy storage technology and manufacturing company Form Energy, which is developing a battery capable of storing electricity for 100 hours, announced that it has raised $405 million in a Series F financing round. Energy storage solutions and infrastructure are emerging as a key energy transition investment area. Storage forms one of the major building blocks for the rapidly expanding clean…
Canada to Launch Sustainable Investment Taxonomy
The Government of Canada outlined a plan to develop a new sustainable investment taxonomy, a set of guidelines to help categorize sustainable economic activities aligned with the goals of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C, aimed at facilitating financial flows and investments needed to achieve these goals. The new taxonomy will include both “green”…
Canada to Introduce Mandatory Climate Disclosure Requirements for Large Companies
The Government of Canada announced the first expansion of its requirements for climate-related financial disclosures to include private companies, with new plans to introduce mandatory climate-related reporting for large, federally incorporated companies. Alongside the new climate-related disclosure requirements, the government also introduced plans for a new sustainable investment taxonomy to help categorize green and transition economic activities. Canada’s process to…
ISS Acquires Carbon Accounting Software Company SustainaBase
Institutional Shareholder Services’ (ISS) announced today the acquisition by its governance, compensation, sustainability, and cyber risk business ISS-Corporate of SustainaBase, a Florida-based provider of carbon accounting and data management software solutions for corporate sustainability reporting. Launched in 2020, SustainaBase makes software that tracks company greenhouse gas (GHG) emissions and data. As regulatory, competitive, and supply chain pressures to measure and…