The Royal Bank of Canada (RBC) announced the launch of the RBC Community Solar Program, a new national initiative aimed at supporting community organizations launch solar energy projects. Under the program, RBC will purchase renewable energy certificates (RECs) from participating organizations through 10-year agreements, providing them with a long-term revenue stream while helping to lower their operational costs. RBC noted…
Singapore’s Ministry of Transport’s Civil Aviation Authority (CAAS) announced that it will push back its new Sustainable Aviation Fuel (SAF) Levy for departing cargo flights by a year to 2028, but plans to go ahead with the implementation of its new requirement to add a SAF procurement fee for all departing passenger flights from the beginning of 2027. According to…
Grid intelligence technology company Gridsight announced that it has raised $26 million in a Series B funding round, with proceeds aimed at expanding its platform in the U.S. and Australia to help utilities unlock more capacity from the grid. Founded in 2020, Sydney, Australia-based Gridsight develops AI-powered grid intelligence software that enables electricity utilities to monitor, manage and optimize distribution…
Snacking, food, and pet care products provider Mars announced a series of new investments from its Mars Impact Fund, with $13 million in grants for projects aimed at strengthening the resilience of the company’s sourcing communities, developing the next generation of scientists and improving companion animal wellbeing. The new grants follow the launch of the impact fund earlier this year,…
New York State’s Climate Change Superfund Act, which would require fossil fuel companies to pay a share of the investments in infrastructure needed to adapt to climate change in the state, ran into a major obstacle, with a U.S. federal judge ruling that it is preempted by federal law, and “cannot be enforced.” Introduced in 2024 by New York State Governor…
The multinational goal to limit global temperature increase to 1.5°C, identified as the threshold to avoid the most significant impacts of climate change, is now out of reach, according to a new report released by the UN Environment Programme (UNEP), which puts a best-case scenario now at 1.8°C. Despite expectations to surpass the 1.5°C threshold, however, the report, “Limiting Overshoot,”…
Shipping giant A.P. Moller – Maersk (Maersk) announced that it has signed an agreement with Anemoi Marine Technologies trial the first-ever wind-powered Rotor Sail installation on a container vessel, supporting the company’s efforts to improve vessel efficiency and reduce emissions. Founded in 2015, London-based Anemoi develops wind propulsion systems for commercial shipping. The company’s Rotor Sail technology harnesses wind power…