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…

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 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…

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…

Governance solutions and proxy voting services company Glass Lewis and sustainability data and analytics provider Clarity AI announced a business combination on Thursday, in a transaction aimed at bringing together a platform spanning investment decision-making and stewardship. Notably, the merger also marks a pivot towards the European sustainable investing market, which now accounts for more than 80% of global sustainable…

Guest post by: Sophie Amodio, Associate Director Team Leader for Communications & Engagement at South Pole On 27 September, the Directive on Empowering Consumers for the Green Transition – or in short, the EmpCo Directive – comes into force impacting all companies that operate within the EU. Long overdue, the directive aims to rebuild consumer trust by ensuring all green…

Alternative asset management firm Ares announced the acquisition an 80% stake in a 384 MW California-based solar and storage portfolio from renewable energy infrastructure developer EDP Renewables, in a transaction valuing the assets at the start of operations at approximately $0.8 billion. The portfolio includes 200 MW of solar and 184 MW of battery energy storage in California, with the…

Global investment manager Schroders announced the launch of its Climate Adaptation Investment Framework, a new tool aimed at enabling investors to assess the economic and investment opportunities across more than 100 climate adaptation activities. According to Schroders, the launch of the new framework comes as businesses and governments direct greater attention to adapting to physical climate impacts, through actions ranging…

Levi Strauss and Marks & Spencer, in partnership with global energy technology company Schneider Electric’s consulting practice SE Advisory Services, announced the launch of the Fashion Renewable Collaborative (FRC), a new initiative designed to accelerate renewable electricity adoption across global fashion supply chains, and inviting other fashion brands to join the effort. The companies said that by establishing a shared…

85% of consumers report being concerned about environmental sustainability, increasing for the first time in three years, and growing across both developed and developing markets, driven by factors including experiences with extreme weather, according to a new survey released by global management consultancy Bain & Company. The survey also found a significant increase in the adoption of sustainable behaviors by…