Climate technology company D-CRBN announced that it has raised €17.5 million (USD$20.3 million) in a Series A funding round, with proceeds to be used to scale the company’s technology to recycle CO2 into the building blocks for sustainable fuels, chemicals, and materials. Founded in 2021, Belgium-based D-CRBN has developed technology that uses renewable electricity to recycle CO2-rich off-gases and hydrocarbons…
Amazon, Google, Meta, Microsoft Back Initiative to Invest, Test, and Scale Cleantech Solutions in Data Centers
Environmental impact-focused investment platform Elemental Impact, alongside tech giants Amazon, Google, Meta, and Microsoft, announced today the launch of the Data Center Innovation Initiative (DCII), a new initiative aimed at investing in clean energy and materials technology startups, and testing their solutions in data center environments for future deployment across broader energy and industrial applications. According to Elemental Impact, the…
IFRS, GRI Expand Collaboration to Align Sustainability Reporting Standards
The IFRS Foundation and the Global Reporting Initiative (GRI) released a new statement reaffirming their commitment to work together to align GRI and ISSB sustainability reporting standards as part of their joint efforts to enable a seamless, global and comprehensive sustainability reporting system. The new statement describes the common disclosures that the GSSB and ISSB have been working together to…
Stockholm Becomes One of World’s Largest Carbon Removal Buyers with New 750,000-Tonne Deal
The City of Stockholm announced that it has entered into a long-term 750,000-tonne carbon removal deal with Swedish energy company Stockholm Exergi, making the city the fifth largest buyer of permanent carbon removals globally. Under the new agreement, the City of Stockholm will purchase the equivalent of 50,000 tonnes of carbon removal annually for 15 years from Stockholm Exergi’s bio-energy…