Microsoft and carbon dioxide removal (CDR) project developer CO280 announced one of the largest-ever engineered CDR purchase deals to date, with Microsoft agreeing to offtake nearly 3.7 million tonnes of carbon removal over 12 years from a project that will capture and permanently store biogenic carbon emissions from a U.S. pulp and paper mill on the Gulf Coast. Pulp and…
The International Maritime Organization (IMO), the 176-member state UN agency responsible for developing global standards for shipping, announced that its members have reached an agreement to approve a new draft regulation establishing a legally binding “IMO Net-Zero Framework,” setting a mandatory fuel standard for ship to reduce greenhouse gas (GHG) emissions over time, and establishing a GHG emissions pricing system…
By: The Eurosif Policy Team The European Commission established economic growth, competitiveness, and the decarbonisation of the EU economy as key priorities of its new mandate. These objectives will require the bridging of a €750-800 billion investment gap identified by the Draghi report through several flagship initiatives, including the Clean Industrial Deal and the Savings and Investment Union. The “Omnibus…
A selection of the major stories impacting ESG investors, in five easy pieces. The US President has turned his attention to the enemy within, while retreating temporarily on tariffs. Unleashing chaos – Unusually “tricky” conditions in the US Treasuries market forced Donald Trump to step back from the brink of a global trade war this week, but the US President…
J.P. Morgan Asset Management’s timberland investment advisory company Campbell Global announced that it has raised $1.5 billion at the close of its responsible forest management-focused Forest & Climate Solutions Fund II. The fund significantly exceeded its initial $1 billion fundraising target, and the firm added that it also closed several separate account mandates, bringing the total capital raise for its…
Viking Cruises announced plans to introduce the world’s first hydrogen-powered cruise ship, capable of operating with zero emissions. The ship, the Viking Libra, is being built by Italian shipbuilder Fincantieri at its Ancona shipyard, and is scheduled for delivery in late 2026. Switzerland-based Viking conducts ocean, lake and river cruises throughout the world. Viking said that the Libra, with 499…