Zurich-based Carbon removal solutions provider Climeworks announced a series of performance improvements at its “Mammoth” direct air capture (DAC) and storage facility in Iceland, including revealing technology upgrades that have more than doubled CO2 capture performance under real-world conditions, while cutting operating costs per ton in half. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks provides carbon removal solutions…

Carbon transformation-focused cleantech company Twelve announced that it has secured a credit facility of up to $45 million, with the financing used to refinance the construction facility for its new AirPlant One facility, and supporting additional expansion at the site. Founded in 2015, California-based Twelve produces chemicals, materials and fuels from captured CO2 combined with water. The process is powered…

Google announced today that it has signed a new agreement with startup Mitti Labs to purchase 1 million carbon credits over the next four years, to be generated from projects enabling over 70,000 smallholder farmers in India transition to practices reducing methane emissions from rice farming. According to the IPCC, superpollutants, which can include gases such as methane emitted from…

Climate solutions provider ClimeFi announced that it is working with home appliance manufacturer Whirlpool to secure a diversified portfolio of durable carbon removal, aimed at supporting Whirlpool’s decarbonization targets. The portfolio spans four suppliers across four carbon removal pathways, including CREW Carbon in Marine CDR, Gevo in Biogenic Carbon Capture & Storage (Bio-CCS), InPlanet in Enhanced Weathering, and Liferaft in…

Lawmakers on the European Parliament’s Economic and Monetary Affairs Committee voted today on its proposed negotiating position on changes to the Sustainable Finance Disclosure Regulation (SFDR), the EU’s key legislation setting out how financial market participants have to disclose sustainability information to help investors to identify and compare sustainability-focused investment products and avoid greenwashing. The proposed position, if approved by Parliament,…

Swiss nutrition, health and beauty company dsm-firmenich announced today the appointment of Inge Massen-Biemans as its new Chief Sustainability Officer, effective November 1. Massen-Biemans will succeed Katharina Stenholm in the role, who has served as CSO since 2023. Stenholm will step down from will step down from the position at the end of 2026. In her new position, Massen-Biemans will…

International banking group Standard Chartered announced the launch of Supply Net Zero, a new free platform aimed at helping its smaller suppliers to measure and reduce their carbon footprint. While financed emissions account for the significant majority of Standard Chartered’s Scope 3 emissions, the bank’s supply and value chain emissions remain substantially larger than its direct Scope 1 and 2…

Germany-based testing, certification, auditing, and advisory services provider TÜV SÜD announced today the launch of its new Global Decarbonisation Centre of Excellence (CoE) in Singapore, designed to provide infrastructure to support carbon market integrity and digital carbon verification. The company said that the new CoE is supported by the Singapore Economic Development Board (EDB), and represents an investment of more than…

Google announced that it has signed a series of clean energy deals, ranging from nuclear and onshore wind to battery and grid optimization, as part of its new plans to invest €13 billion in digital infrastructure in Finland over the next two years, its largest single investment in to date in Europe. Google has significantly accelerated its clean energy purchase…

UK-based climate tech venture capital platform Clean Growth Fund (CGF) announced that it has raised £81.5 million (USD$110.5 million) in investor commitments at the second close of its Fund II, focused on backing UK companies developing technologies that have the potential to cut carbon emissions and grow the green economy. The second closing brings the fund more than halfway towards…