The government of South Korea announced the release of its “Sustainable Aviation Fuel (SAF) Blending Mandate Roadmap,” introducing requirements for international departing flights to begin using fuel containing sustainable aviation fuel (SAF), beginning in 2027, and with SAF content set to increase over the next few years. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced…
The LEGO Group revealed a series of measures that it is taking to phase out the use of natural gas at its production sites in order to reduce its greenhouse gas (GHG) emissions footprint. LEGO Group has set a series of climate goals, including targets to reach net zero emissions across the value chain by 2050 and to reduce carbon emissions by…
Brookfield Asset Management and energy solutions provider Bloom Energy announced the launch of a new strategic partnership, including plans for Brookfield to invest up to $5 billion to deploy Bloom’s fuel cell technology across its global AI datacenters. Founded in 2001, California-based Bloom Energy provides solutions for businesses and communities to meet energy demands through distributed generation of electricity and…
The California Air Resources Board (CARB), the regulator charged with developing and enforcing new regulations requiring large companies to disclose their value chain emissions and report on climate-related financial risks, revealed that it will push off the initial rulemaking for the new climate reporting regulation into early next year. According to the CARB notice, under the proposed updated timeline, the…
The UK’s Sustainability Disclosure Requirements (SDR) has started to reshape the sustainable investment landscape, forcing a higher standard of fund disclosure. But the uptake has been limited and there have been some “missed opportunities” in terms of labelling and delays, according to speakers at the SRI Services and Partners event for Good Money Week. Responsible investment experts speaking at the event agreed…
Climate-focused blended finance investment manager Climate Fund Managers (CFM) has closed its second climate investment vehicle with more than US$1 billion in commitments, marking what it calls the world’s largest adaptation-focused infrastructure fund for developing economies. Created in 2019 alongside the European Commission and the Dutch Fund for Climate and Development, the Climate Investor Two (CI2) fund is designed to…
Swedish green iron and steel maker Stegra has entered a new financing round to support the development of the world’s first large-scale green steel plant in Boden, Sweden, following strong initial backing from existing investors. Founded in 2020, Stegra utilizes hydrogen produced using green power to remove the oxygen from iron oxide, avoiding most of the CO2 emissions normally produced,…