Sentiment around COP30 in Belém was decidedly downbeat. As negotiators decamped to the Brazilian rainforest for the latest round of climate negotiations, dignitaries took turns to bemoan the lack of attendance from heads of state at the summit. In reality, the 30th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) should be regarded as…
Reverion Signs $41 Million in Carbon Removal Agreements with Google, H&M, Others
Climate startup Reverion announced a series of offtake agreements facilitated by carbon removal buyer coalition Frontier, to capture and permanently store carbon from biogas, using Reverion’s fuel cell technology. Under the new agreements, Frontier buyers including Google, McKinsey, H&M and others will pay Reverion $41 million to remove 96,000 tons of CO2 between 2027 and 2030. Founded in 2022 as…
Ferrari Signs Renewable Energy Deal with Shell to Cover its Energy Needs in Italy
Energy giant Shell announced today a new 10-year corporate power purchase agreement (PPA) with Ferrari, with Shell to provide the iconic Italian sports car manufacturer with 650 GWh of renewable energy, supporting the decarbonization of its Maranello plant, which includes its main manufacturing facility and corporate headquarters. As part of the agreement, Shell said that it will also provide additional…
Just Climate Raises $375 Million for Natural Climate Solutions Strategy
Climate solutions-focused investment business Just Climate announced that it has raised $375 million to date for its Natural Climate Solutions strategy, aimed at directing capital to businesses focused on natural climate solutions to transforming the way land is used, to help achieve global net zero and nature goals, while also delivering attractive returns. The announcement marks a significant increase in…
Guest Post: Is Efficiency Misunderstood?
By: Frederic Godemel, EVP Energy Management, Schneider Electric When it comes to energy, terms like ‘frugal’ or ‘efficiency’ can be perceived as ‘going without’ or suggest having to make do with less. The reality is the opposite. Efficiency often improves our experience. In a world where energy demand is rising, becoming more volatile and costly, and climate pressures remain ever-present, efficiency offers more potential than ever. It’s no longer…
90% of Asset Owners Say Sustainable Investing is a Key Differentiator in Selecting Asset Managers: Morgan Stanley Survey
More than four out of five institutional investors expect the proportion of their investments allocated to sustainable funds to increase over the next two years, citing strong investment performance as the top driver, according to a new survey released by Morgan Stanley, which also found that the vast majority of both asset managers and asset owners increasingly view sustainable investment…
Sortera Raises $45 Million to Scale AI-Powered Metal Recycling Capacity
Material sorting startup Sortera Technologies announced that it has raised $45 million in a funding round aimed at supporting the company’s growth as a domestic supplier of recycled aluminium products. Founded in 2020, Indiana-based Sortera enables the reuse of metals recovered from end-of-life products. The company’s solutions utilize artificial intelligence, image/data analytics and advanced sensors in industrial scale sortation methods…
Amazon-backed X-energy Raises $700 Million to Meet Demand for Advanced Nuclear Reactors
Nuclear technology company X-energy announced that it has raised $700 million in a Series D financing round, with proceeds aimed at helping the company expand its supply chain and commercial pipeline, as it scales up to deploy advanced small modular reactors for companies including Amazon, Dow and Centrica. The new funding round was led by trading firm Jane Street, and…