Trade war risks stunting renewables progress in America, with Southeast Asian nations caught in the crossfire between superpowers. US President Donald Trump’s looming tariffs could curtail the energy transition both domestically and across emerging markets and developing economies (EMDEs), experts have warned. Aimed at boosting US manufacturing, the new tariffs are seen as weakening trust in US economic policymaking, partly…
Zevero Launches AI-Powered ESG Reporting Solution
Carbon accounting startup Zevero announced the launch of its new ESG Disclosure Reporting solution, aimed at enabling companies to meet sustainability reporting obligations across frameworks including B Corp, CDP, and CSRD. Founded in 2021, UK-based Zevero offers companies tools to understand the impact of their emissions, enabling them to determine how and where they can reduce that impact, as well…
Exowatt Raises $70 Million for 24-Hour-a-Day Solar Power Solution
Renewable energy technology startup Exowatt announced that it has raised $70 million in a Series A funding round, with proceeds aimed at supporting the development and production of its modular solar energy system, which can supply power 24 hours a day. Founded in 2023, Miami-based Exowatt develops solar power systems for energy-intensive applications like data centers, as well as commercial…
Elon Musk-Backed XPRIZE Awards $100 Million to Carbon Removal Solutions Providers
Competition-based impact platform XPRIZE announced today the winners of its $100 million XPRIZE Carbon Removal competition, aimed at addressing climate change by catalyzing gigaton-scale carbon dioxide removal (CDR) solutions. Launched in 2021, the competition was funded by Elon Musk and the Musk Foundation. The competition was joined by more than 1,300 teams from over 88 countries, with the final award…
Wizz Air Launches Net Zero Plan Focused Primarily on Sustainable Aviation Fuel
European low-cost airline Wizz Air announced today the launch of “Flying Towards Net Zero,” its new roadmap outlining its plan to achieve its goal to reach net zero by 2050. The new plan envisions emissions reductions of nearly 90% by the airline, with the bulk to be achieved through the use of sustainable aviation fuel (SAF). According to Wizz, the…
NYC Pension Funds to Drop Asset Managers Without Strong Net Zero Action Plans
New York City Comptroller Brad Lander announced that he was increasing demands on asset managers for the city’s pension system – collectively the fourth largest public pension plan in the U.S. – to align their investments with the city’s climate goals, including requirements to submit strong net zero action plans, and to set expectations for all portfolio companies to set…