European Commission President Ursula von der Leyen unveiled a series of commitments aimed at addressing rapidly rising energy costs and driving investment enabling the development of clean, domestic energy sources, including plans to introduce revisions to the EU Emissions Trading System within the next few days, and to launch a €30 billion decarbonization and cleantech fund, funded by the ETS….

France-based energy giant TotalEnergies announced today the launch of France’s first advanced plastics recycling plant, designed to convert hard-to-recycle household plastic waste into synthetic oil. The plant, located at the company’s Grandpuits site near Paris, has an annual processing capacity of 15,000 tons, and marks a key step in the transformation of the site into a zero-crude platform, according to…

A coalition of 24 U.S. states, alongside 15 cities and regions*, announced that they have filed a lawsuit in federal court, challenging the Trump administration’s repeal of the landmark 2009 Endangerment Finding underlying the U.S. government’s ability to regulate greenhouse gas (GHG) emissions from the automotive sector and underpinning GHG regulations across other carbon-intensive sectors. The challenge, led by the…

International banking group Standard Chartered announced the closing of a $435 million sustainability-linked loan with agri-business company COFCO International, with terms on the loan tied to the company’s performance towards climate adaptation and social goals in its agricultural supply chain. According to Standard Chartered, the new transaction marks the bank’s first social resilience themed sustainability linked loan, and one of…

Geothermal energy project developer Fervo Energy announced today that it has secured $421 million in financing to fund the construction costs of the first phase of its large-scale geothermal project in Utah. Founded in 2017, Houston, Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free energy. The company uses techniques such as horizontal…

Amsterdam-based global bank ING reported significant growth in its sustainable finance activity over the past year, with the bank mobilizing €166 billion in sustainable finance volume in 2025, increasing by 28% over the prior year. The result, reported in ING’s quarterly “Sustainable Finance Pulse,” surpasses ING’s target to mobilize €150 billion annually by 2027 of financing that contributes to the…

Alternative asset and private equity investor KKR announced the formation of a new strategic partnership with electric commercial vehicle manufacturer PMI Electro and its electric bus platform Allfleet India, aimed at scaling electric public transport infrastructure across India. Under the agreement, KKR will acquire a majority stake in Allfleet and a minority stake in PMI Electro, committing up to $310…

Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2.1 trillion oil fund announced the release of its Nature Expectations, setting out its expectations for portfolio companies to assess, disclose and manage risks from the degradation of land, freshwater and ocean ecosystems. The new guidance forms the first set of consolidated nature expectations for NBIM, bringing together its previously…

Environmental intelligence company Earth Blox announced that it has secured £6 million (USD$8 million) in funding, aimed at expanding the company’s operations and enhancing its AI-powered analytics platform to help companies and banks assess the impact of climate and nature risk on assets, supply chains and investment decisions. Founded in 2019, Edinburgh-based Earth Blox provides tools that integrate satellite, environmental,…

The LEGO Group announced today that it plans to build an 80-acre solar park at its new $1.5 billion U.S. factory, LEGO Manufacturing Virginia, supporting the company’s ambition to source 100% renewable energy for the facility’s annual needs. Currently under construction, the new site will be LEGO’s first manufacturing facility in the U.S., spanning 340 acres and containing 13 buildings…