Global investment manager Schroders’ renewable infrastructure investment unit Schroders Greencoat announced the launch of a new green digital infrastructure platform, aimed at investing in green energy data centres and energy parks supporting growing AI needs. Formed as a 50:50 joint venture between Schroders Greencoat’s evergreen vehicle, Schroders Capital Semi-Liquid Global Energy Infrastructure (SCSL GEI), and Dublin-based Greencoat Renewables, the new…
Carbon capture and removal technology provider Svante announced the acquisition of carbon dioxide removal project developer Carbon Alpha, with the transaction aimed at strengthening the company’s position as a fully integrated carbon management provider. Launched in 2021, Calgary-based Carbon Alpha develops carbon removal and industrial CCS projects and is a supplier of high-quality carbon credits, with a focus on bioenergy with…
A group of companies including Amazon, Autodesk, Figma, Google, JPMorganChase, Salesforce, and Workday announced the launch of the Superpollutant Action Initiative, aimed at channeling $100 million to solutions to accelerate the reduction of superpollutants, or gases that are many times more potent than CO2 in terms of their global warming impact. According to the IPCC, superpollutants, which can include gases…
Cleantech startup Dioxycle announced that it has signed a multi-year offtake partnership with global beauty company L’Oréal to transform captured carbon emissions into sustainable packaging materials. Founded in 2021, French-American Dioxycle specializes in technology that uses a low-temperature electrolyzer to produce sustainable ethylene from recycled carbon emissions, water, and renewable electricity. Ethylene is the world’s most widely consumed organic chemical…
Climate-focused investment firm Galvanize announced today the final close of Galvanize Real Estate Fund I (GRE), raising $370 million in commitments for the investment strategy aimed at unlocking value in real estate through profitable decarbonization strategies. Galvanize was launched in 2022 by hedge fund billionaire and former presidential candidate Tom Steyer and Hall Capital Partners founder Katie Hall, as a…
Netherlands-based cleantech startup RIFT announced that it has raised €113.8 million (USD$132 million) in combined funding through a Series B round and a European Union grant, aimed at scaling its technology to decarbonize industrial heat. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, to transform materials into products such as metals and plastics. While solutions to…
EU member states in the European Council voted on Thursday to approve amendments to the EU Climate Law requiring the EU to reduce greenhouse gas (GHG) emissions by 90% by 2040, while introducing the ability to utilize carbon credits to achieve its climate goals. The green light by EU states marks the last major step towards the final adoption of…
Korea’s Financial Services Commission announced the release of its draft roadmap for the implementation of mandatory sustainability disclosures, with a proposed start date for climate-related reporting for large companies of 2028, based on 2027 data, and expanding to smaller firms over time. The draft roadmap was released alongside Korea’s Accounting Standards Boards’ finalized Sustainability Reporting Standards, which broadly align with…
The European Commission announced the release of its long-awaited Industrial Accelerator Act (IAA) proposal on Wednesday, introducing a series of “made-in-EU” and low carbon requirements for several industrial sectors and net zero technologies including batteries, solar, wind, heat pumps, and nuclear, in a bid to protect and accelerate development of sectors central to the EU’s manufacturing and decarbonization goals. Plans…