The governments of Germany, Austria and Luxembourg announced the launch of a new electricity-based Sustainable Aviation Fuel (eSAF) funding scheme, which will see the countries working together to introduce a new auction mechanism aimed at bringing together buyers and sellers of eSAF backed by public funding, in order to help facilitate investment into new production facilities. As part of the…
Canada Looks to Enter International Carbon Market
The Government of Canada revealed on Thursday that it is exploring the development of a new framework which could allow Canadian companies to participate in international carbon markets, which it said could contribute billions of dollars to the Canadian economy and catalyze the development of domestic climate mitigation projects and technologies. The new policy framework would Canada to join the…
Meta Backs Plastic Recycling Technology Startup MacroCycle
Circular plastics cleantech startup MacroCycle Technologies and tech giant Meta announced a multi-year agreement under which Meta will purchase environmental attribute certificates (EACs) from plastic recycling, enabling the social media giant to target emissions from the plastics in its supply chain, and helping MacroCycle to fast-track the development of its first U.S. PET recycling and production plant. Launched in 2023 by…
Osapiens, ERM Partner to Provide Joint Sustainability Data and Advisory Offering
Germany-based sustainability software company osapiens and sustainability consulting firm ERM announced the creation of a new strategic alliance to provide a joint offering to North American clients combining osapiens’ AI platform and ERM’s advisory and delivery capabilities. According to osapiens, the new partnership forms part of the company’s strategy to increase its presence in North America. The announcement follows the…
Microsoft, PepsiCo Join Largest-Ever U.S. Electric Truck Order from Tesla
Global freight decarbonization and clean transportation initiatives Smart Freight Centre and Catalyst Mobility announced the facilitation of an order for 2,500 battery-electric Class 8 trucks for a coalition of major cargo-owning shippers. The transaction marks the largest electric truck order to date in the U.S., and will nearly double the U.S. electric Class 8 fleet. The organizations said that the…
Germany Launches Roadmap to End Use of Fossil Fuels by 2045
The government of Germany announced the release of its “Roadmap for Transitioning Away from Fossil Fuels,” setting out the country’s strategy to end the use of coal, oil and natural gas by 2045 at the latest. With the release, Germany becomes the third country to launch a roadmap to end the use of fossil fuels, joining France and the Netherlands….
Energy Revolution Ventures Launches $50 Million Electrification Venture Fund
Energy technology venture capital firm Energy Revolution Ventures (ERV) announced the first close of ERV Fund II, its second fund focused on early-stage electrification technologies. ERV said that it is targeting $50 million for the new fund, which would surpass the previous fund’s $18 million. Founded in 2021, London-based ERV invests in early-stage companies developing technologies for electrification and the…
ADM Enters Carbon Removal Market with Over 800,000 Ton-per-year Capacity
Global agriculture supply chain and processing company ADM announced plans to enter the voluntary carbon dioxide removal market with credits generated from carbon capture operations at the company’s corn processing complex in Columbus, Nebraska. The company said that the Columbus facility has an annual carbon removal capacity of over 800,000 tons, making the planned credit offering one of the largest…