The EU’s General Court ruled that nuclear energy and fossil gas activities can be included in the EU Taxonomy, overruling objections from Austria aimed at keeping them out of the classification system of sustainable economic activities. In its decision, the court ruled that in its move to include nuclear and fossil gas in the taxonomy, the EU Commission “was entitled…
GreenIT, an Italian renewable energy joint venture owned by Eni subsidiary Plenitude, and Cassa Depositi e Prestiti holding company CDP Equity, announced that it has signed a €370 million (US$407 million) project financing agreement to develop a portfolio of new onshore renewable projects across Italy. The company aims to reach one gigawatt of installed capacity by 2030. GreenIT was established…
The European Investment Bank (EIB) announced today that it will provide €17.5 billion in funding over the next three years, supported by the European Commission, for the energy efficiency for small and medium-sized enterprises (SMEs) initiative. The EIB said that more than 350,000 businesses will receive support through the initiative, with the program backing energy efficiency and decarbonization steps taken…
Investment manager Vanguard released data from its Investor Choice proxy voting pilot, with results indicating that younger investors and female investors were much more likely to pursue ESG-focused voting policies than their older, or male counterparts. Vanguard launched its Investor Choice pilot in early 2023, offering investors with the ability to select from a range of policy options to meet…
International asset manager Robeco announced the launch of the Climate Euro Government Bond ETF, a new exchange traded fund aimed at offering investors with exposure to euro government bonds through a climate transition-focused investment strategy. The announcement marks the launch of Robeco’s first fixed income ETF, following the listing in October 2024 of the firm’s equity ETFs. The new ETF…
The U.S. Securities and Exchange Commission (SEC) may reconsider its rules allowing foreign companies to file financial statements using International Financial Reporting Standards (IFRS) accounting standards due to the IFRS Foundation’s formation and backing of the International Sustainability Standards Board (ISSB), according to a warning issued by SEC Chair Paul Atkins on Wednesday. The remarks, made during Atkins’ keynote address…
By: Rachael Bratt, Senior Consultant, Climate Risk – EcoAct, part of Schneider Electric Many of us learned the basics of water stewardship early on – don’t leave the tap running, have a shower rather than a bath. Don’t waste what is essential. But somewhere along the path to industrial scale, that principle faded from view. In business, water is invisible:…
Venture capital fund Una Terra announced that it has raised €50 million (USD$54.5 million) for its Circular Economy Growth Fund, aimed at investing in and scaling companies providing technologies to transform industries with circular models to eliminate waste and reduce greenhouse gas emissions. Founded in 2021, Una Terra invests in growth-stage technology-led companies in Europe, the Middle East and North…
Based on an interview with Alex Bexon, LDC (the private equity arm of Lloyds Banking Group).
Cleantech startup Nitricity announced today that it has raised $50 million in a Series B funding round, with proceeds aimed at scaling up its technology for the production of organic, low-emission nitrogen fertilizer. Production and use of nitrogen fertilizers account for approximately 5% of global greenhouse gas (GHG) emissions, and also contributed to waterway toxicity and biodiversity loss, according to…