Middle East, Africa, and South Asia (MEASA)-focused financial hub Dubai International Financial Center (DIFC) announced the launch of the “1 Million Learners” initiative, aimed at helping to build a skilled workforce “capable of driving sustainable economic growth,” and with a goal of equipping one million individuals with knowledge in sustainability and sustainable finance by 2030. The program seeks to redefine how sustainability…
Environmental group Friends of the Earth Netherlands (Milieudefensie) announced that it is preparing to launch a new climate case against Shell, and has sent a letter notifying the energy giant of its plans to launch legal proceedings demanding that the company stops drilling for new oil and gas fields and be given court-imposed CO2 emissions reduction targets. In a statement…
Renewable energy developer European Energy announced the start-up of the world’s first large-scale commercial e-methanol facility, with e-methanol now being supplied to offtakers including the LEGO Group, healthcare company Novo Nordisk and shipping giant A.P. Moller – Maersk for use as a replacement for fossil-based fuels and plastics. Founded in 2004, Denmark-based European Energy is a developer and operator of…
Climate research provider and environmental disclosure platform CDP announced a strategic restructuring which may result in a reduction of around 20% of its workforce, as the organization embarks on a new strategy, including focusing on reducing the reporting burden for companies. Founded in 2000, CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s…
On 10 January 2025, Blackrock announced its withdrawal from the Net Zero Asset Managers’ initiative (NZAM). Three days later, NZAM suspended itself, pending a review. Both decisions followed a letter from the US House Judiciary Committee in December to over 60 asset manager members of NZAM. It accused them of operating a “woke ESG cartel” by facilitating collusive action to…
By: Cara Maesano, Manager, Climate-Aligned Industries & Daniel Pike, Principal, Climate-Aligned Industries, RMI There are both climate and commercial imperatives for heavy industry to pursue carbon removal — for first movers and early adopters especially, this can also be a strategic advantage. Synergies with existing industrial processes present new opportunities to implement carbon removal methods as a means of improving…