Microsoft announced that it has signed an offtake agreement to purchase 6.75 million metric tons of engineered carbon removal over 15 years, making it the world’s largest permanent carbon removal deal to date. Microsoft will purchase the carbon removal from the planned AtmosClear bioenergy carbon capture and storage (BECCS) facility near Baton Rouge, Louisiana. The facility, set to begin construction…
The Green Impact Exchange (GIX) announced that the U.S. Securities and Exchange Commission (SEC) has approved its Form 1 application for registration as a national securities exchange, enabling the GIX to launch as the first sustainability-focused stock market in the U.S. Founded in 2022 by former NYSE executives, including CEO Daniel Labovitz, former head of regulatory policy at the NYSE,…
The European Commission announced a series of measures aimed at simplifying the application of its EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally. The EUDR was initially introduced by the EU Commission in November 2021, with measures aimed at effectively…