The UK economy is disproportionately exposed to stranded fossil fuel assets, with potential losses for UK pension savers reaching tens of billions of pounds by 2040, according to the latest report from the UK Sustainable Investment and Finance Association (UKSIF), in collaboration with Transition Risk Exeter (TREX). The analysis – Stranding: Modelling the UK’s Exposure to At-Risk Fossil Fuel Assets…
SDI AOP Launches Solution Enabling Investors to Assess Sustainability Outcomes of Companies, Portfolios
Asset owner-led sustainability data platform the Sustainable Development Investments Asset Owner Platform (SDI AOP) announced the launch of SDI Outcomes, a new solution aimed at providing investors with consistent and comparable sustainability outcome data to assess the real-world outcomes of sustainable investments. Launched in 2020 by pension asset managers APG, AustralianSuper, British Columbia Investment Management Corporation (BCI) and PGGM, SDI AOP…
Spiritus Raises $30 Million to Slash Cost of DAC Carbon Removal
Climate-tech startup Spiritus announced that it has raised $30 million in a Series A funding round, with proceeds aimed at enabling the company to advance its scalable, low-cost direct air capture (DAC) carbon removal technology. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the…
UK Plans Levy on Jet Fuel Producers to Fund Sustainable Aviation Fuel “Revenue Certainty Mechanism”
The UK Government’s Department for Transport announced the launch of a new consultation on an initiative aimed at supporting producers of sustainable aviation fuel (SAF) through the establishment of a “revenue certainty mechanism” (RCM) to be funded by jet-fuel suppliers. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and…