Use of AI could rise amid falling costs, as industry embraces technology to tackle data and reporting challenges. The bountiful benefits of using AI in ESG analysis are becoming increasingly recognised by investors and the financial services sector, heightening demand for tools and services powered by the technology. AI has been credited with facilitating more accurate, efficient, and real-time data…
Carbon Removal Startup Founded by 16-Year Old Raises $3.5 Million
Regenerative agriculture and carbon removal-focused startup CarbonZero.Eco, founded by 16-year old Harper Moss, announced that it has raised $3.5 million, with proceeds aimed at supporting its biochar-based projects to remove CO2 from the atmosphere while improving crop yields for farmers. Based in Silicon Valley, CarbonZero.Eco was launched by Moss, reportedly driven by a “passion to make a positive impact on…
Mizuho, GenZero to Develop Transition Credits to Accelerate Shift to Clean Energy
Tokyo-based banking and financial services company Mizuho Bank and Temasek-owned decarbonization solutions-focused investment platform GenZero announced today a new partnership aimed at developing transition credits to help fund the acceleration of the early retirement of coal-fired power plants. Coal is by far the largest source of energy-based CO2 emissions globally, according to the International Energy Agency (IEA), accounting for 45%…
Microsoft CSO Says AI Widens Gap – and Offers Solutions – to Meeting Climate Goals
The rapid growth of artificial intelligence (AI) over the past few years has created challenges for Microsoft in achieving its “moonshot” sustainability goals, including its target to become carbon negative by 2030, with the company’s Chief Sustainability Officer Melanie Nakagawa acknowledging that “the moon has gotten further away.” In a blog post discussing Microsoft’s progress towards its 2030 targets, however,…