A group of companies including Amazon, Autodesk, Figma, Google, JPMorganChase, Salesforce, and Workday announced the launch of the Superpollutant Action Initiative, aimed at channeling $100 million to solutions to accelerate the reduction of superpollutants, or gases that are many times more potent than CO2 in terms of their global warming impact. According to the IPCC, superpollutants, which can include gases…

Cleantech startup Dioxycle announced that it has signed a multi-year offtake partnership with global beauty company L’Oréal to transform captured carbon emissions into sustainable packaging materials. Founded in 2021, French-American Dioxycle specializes in technology that uses a low-temperature electrolyzer to produce sustainable ethylene from recycled carbon emissions, water, and renewable electricity. Ethylene is the world’s most widely consumed organic chemical…

Climate-focused investment firm Galvanize announced today the final close of Galvanize Real Estate Fund I (GRE), raising $370 million in commitments for the investment strategy aimed at unlocking value in real estate through profitable decarbonization strategies. Galvanize was launched in 2022 by hedge fund billionaire and former presidential candidate Tom Steyer and Hall Capital Partners founder Katie Hall, as a…

Netherlands-based cleantech startup RIFT announced that it has raised €113.8 million (USD$132 million) in combined funding through a Series B round and a European Union grant, aimed at scaling its technology to decarbonize industrial heat. Industrial heating uses high amounts of energy, often from fossil fuel-based sources, to transform materials into products such as metals and plastics. While solutions to…

EU member states in the European Council voted on Thursday to approve amendments to the EU Climate Law requiring the EU to reduce greenhouse gas (GHG) emissions by 90% by 2040, while introducing the ability to utilize carbon credits to achieve its climate goals. The green light by EU states marks the last major step towards the final adoption of…

Korea’s Financial Services Commission announced the release of its draft roadmap for the implementation of mandatory sustainability disclosures, with a proposed start date for climate-related reporting for large companies of 2028, based on 2027 data, and expanding to smaller firms over time. The draft roadmap was released alongside Korea’s Accounting Standards Boards’ finalized Sustainability Reporting Standards, which broadly align with…

The European Commission announced the release of its long-awaited Industrial Accelerator Act (IAA) proposal on Wednesday, introducing a series of “made-in-EU” and low carbon requirements for several industrial sectors and net zero technologies including batteries, solar, wind, heat pumps, and nuclear, in a bid to protect and accelerate development of sectors central to the EU’s manufacturing and decarbonization goals. Plans…

Madrid-based energy company Moeve announced a final investment decision to begin construction on the largest green hydrogen project in Southern Europe. Green hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and transport sectors with difficult to abate emissions, in which renewable energy solutions such as wind or solar…

Alllianz Global Investors (AllianzGI) announced today it has signed an agreement with French energy giant TotalEnergies for the sale of a 50% stake in a portfolio of 11 Battery Energy Storage System (BESS) projects currently under construction in Germany. Energy storage forms one of the key building blocks for the clean energy transition, given the intermittent generating nature of many…

Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2 trillion oil fund, British Columbia Investment Management Corporation (BCI) and Brookfield announced the launch of Northview Energy, a new platform to acquire and own a contracted, operating renewable assets in the U.S. and Canada. As part of the launch, Northview Energy will acquire a seed portfolio of assets from renewable energy companies…