The European Commission announced a new proposed measure to adjust a key mechanism in its carbon pricing system, the EU ETS, aimed at addressing concerns from industry facing pressure from soaring energy costs as well as increasing carbon prices. The Emissions Trading System (ETS) is the EU’s internal cap and trade carbon pricing mechanism. Established in 2005, the ETS puts…

Global food and beverage company Nestlé and the International Labor Organization (ILO) announced today the launch of a new two-year project, aimed at advancing the protection of rights for workers in coffee supply chains in Brazil, Colombia and Mexico. Nestlé said that the project is supported by the Nescafé Plan, Nestlé’s global sustainability program for the flagship coffee brand. Nestlé…

Energy tech startup Emerald AI announced that it has raised $25 million in a strategic expansion round, with proceeds from the financing aimed at scaling the company’s solutions to enable data centers to align energy use with grid capacity. The funding round was led by Energy Impact Partners (EIP), and included participation from Amplo, Eaton, GE Vernova, IQT, Lowercarbon Capital,…

Energy storage solutions company EnerVenue announced today that it has raised $300 million in an extension of its Series B preferred stock financing round, with proceeds aimed at advancing the commercialization of the company’s high-endurance, lithium-free energy storage systems. Alongside the new capital, EnerVenue also announced the appointment of Henning Rath as its new CEO. Founded in 2020, California-based EnerVenue…