IKEA parent INGKA Group announced that is has adjusted one of its climate goals, replacing its target to reach 100% emission-free home deliveries by 2025, with a new ambition to achieve more than 90% of home deliveries made by zero-emissions vehicles by 2028, citing a variety of factors including a rapid increase in online orders, and the availability of electric…
Sylvera Launches Ratings for Biochar Carbon Removal Projects
Carbon data provider Sylvera announced that it has launched its first durable carbon dioxide removal (CDR) ratings, with the introduction of ratings for biochar projects on its platform. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen, creating a stable form of carbon, which when buried in…
BlackRock: Growing AI Power Demand to Continue Driving Energy Transition Opportunities
Expanding power needs driven by the ongoing growth in AI, alongside other structural shifts such as electrification, will continue to create investment opportunities in the infrastructure and utilities sectors, and even further growth in energy transition investment, according to a new report released by the BlackRock Investment Institute. The report forecasts that the power demand for AI will continue to…