Paris-based sustainable infrastructure investment firm RGREEN INVEST announced that it has raised nearly €500 million (USD$570 million) at the final close of Infrabridge IV fund, the fourth vintage of its infrastructure debt strategy focused on supporting the energy transition in Europe. RGREEN INVEST launched its Infrabridge strategies in 2018, providing a range of funds supporting key players driving the energy…
Professional services firm PwC has appointed Lynne Baber as its new Global Sustainability Leader, leading the firm’s global sustainability strategy and sustainability practice. Baber will succeed Colm Kelly in the top sustainability role, following Kelly’s retirement from PwC after serving as Global Sustainability Leader since 2020. Baber takes on her new role after more than 2 decades at PwC, joining…
Google revealed that it achieved a 2% reduction in Scope 1 and 2 greenhouse gas emissions in 2025, despite experiencing a 37% increase in electricity consumption, with the company crediting its massive clean energy purchase program as a key factor in decoupling its energy use from emissions. Despite the Scope 1 and 2 achievements, however, in its new 2026 Environmental…
Alternative asset manager KKR announced the acquisition of EDF Group’s U.S. and Canadian power solutions businesses, in a transaction valued at $4.2 billion, with potential additional payments of up to $390 million, marking KKR’s largest individual investment to date in the renewables sector. EDF power solutions North America is among the top ten owners of renewable energy capacity in the…
Guest post by: Daniel Pike, Principal, RMI’s CDR Initiative Unless we do something about it, the world won’t be free of climate risk, even in the best-case scenarios of decarbonization: we’ve simply built up too much carbon in our atmosphere. To overcome decades of imbalance, we not only need to reduce current emissions, we need to embrace solutions that purify…
The European Council announced the adoption by EU Member States of a new regulation introducing circularity requirements for vehicles across their lifecycle, including recycled content in design, making vehicles easier to dismantle, repair, reuse and recycle, and making carmakers responsible for treatment of end-of-life vehicles. The adoption by the Council marks the last major step in the legislative procedure for…
New Zealand’s External Reporting Board (XRB) announced the launch of a new consultation into a proposal to adopt a new climate reporting standard based on the IFRS Foundation’s IFRS S2 as the basis for its climate disclosure regime, although the new standard would only become mandatory for companies beginning in 2033 under the proposal. New Zealand has had a mandatory…
Carbon removal project developer Deep Sky announced the delivery of the first certified direct air capture (DAC) carbon removal credits in North America to offtakers Microsoft and Royal Bank of Canada (RBC). Founded in 2022, Montreal-based Deep Sky was established as a technology-agnostic carbon removal project developer, with projects underway in Canada utilizing methodologies from direct air capture (DAC) to…
Guest post by: Takehiro Kawahara, Aviation Specialist at BloombergNEF Rising environmental compliance costs are set to squeeze airline profitability over the next decade, as sustainable aviation fuel (SAF) mandates and carbon pricing policies tighten. BloombergNEF estimates those costs could reach $48 billion by 2035, quadrupling from 2026 levels and pushing some airlines into loss-making territory if revenue fails to keep…
Generation Investment Management, a sustainability-focused investment firm chaired by former U.S. Vice President Al Gore, announced today the close of Sustainable Private Equity Fund II (SPEF II), raising more than $1 billion for the sustainable transformation-focused fund. The fund is the second vehicle in Generation’s private equity strategy and targets investments in scaled, mission-critical businesses driving the sustainability transformation of…