Experts sceptical on nascent technologies after government lays out plans for £25 billion of public sector finance. Investors have been advised to view carbon capture utilisation and storage (CCUS) and green hydrogen as long-term prospects despite recent backing from the UK government and the National Energy Systems Operator (NESO). Published yesterday, the NESO’s Clean Power 2030 report identified two primary…
Optera Launches Updated Solution to Help Companies Collect and Report Supply Chain Emissions Data
Sustainability management solutions provider Optera has announced the release of a new update of its Supply Chain Manager with new features aimed at enabling companies to meet increasing regulatory requirements to report on Scope 3 supply chain emissions for purchased goods and services. With the implementation of regulations such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s…
Meta Signs 260 MW Solar Energy Purchase Deal with Engie to Support Net Zero Goals
Engie North America, a part of the France-based Engie Group, announced that it has signed a deal with social media giant Meta to supply it with 260 MW of renewable energy from its Sypert Branch solar project in Milam County Texas, 100% of the project’s output. The Sypert Branch solar project, expected to be operational in late 2025, was developed…
Normative Acquires Carbon Accounting Solution Provider Eivee
Normative, a Stockholm-based developer of carbon accounting software, announced today the acquisition of Denmark-based carbon accounting solution provider Eivee, enabling an expansion of sustainability accounting services throughout Europe. Founded in 2020, Copenhagen-based Eivee has developed software that calculates clients’ CO2 emissions across scope 1, 2 and 3 emissions. The system continuously measures and reports CO2 reduction progress, ensuring compliance with…
Guest Post: Third-Party Data Centers are Corporate ESG’s Ticking Time Bomb
By: Scott Lane, Founder & CEO of Speeki Fueled by the scramble for AI adoption, the market for data center outsourcing has never been stronger. And as enterprises in every sector continue to build third-party data centers into their digital infrastructure, the industry is expected to grow at a CAGR of 5.04% between 2024 and 2033 – taking it up…
Canada Launches Regulation Requiring 35% Emissions Reduction from Oil & Gas Companies
The Government of Canada announced on Monday the release of a new draft regulation aimed at setting a cap on greenhouse gas (GHG) emissions in the oil and gas sector, and introducing a new emissions allowance trading system to cut GHG pollution in the sector by more than a third. While aiming to cut sector emissions, however, the government stressed…
Mizuho Invests $20 Million in Climate and Nature Solutions Provider Pollination
Tokyo-based banking and financial services company Mizuho Bank announced today that it has acquired a minority equity stake in climate and nature solutions firm Pollination, forming part of a new strategic partnership between the firms, aimed at supporting Mizuho’s clients in implementing decarbonization initiatives, and accelerating Pollination’s growth and international expansion. Founded in 2019, London-based Pollination works with financial institutions,…