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Next Round of NDCs Must be Investible

Gina Hanrahan, Senior Specialist, Climate Policy at UN Principles for Responsible Investment, outlines how governments’ climate commitments can send credible investment signals to global markets. Countries are gathering for the next round of UN climate negotiations at COP29 in Baku in November. As they prepare to rachet up their climate ambition, will the next round of nationally determined contributions (NDCs)…

Holistic Approach Can Close the Biodiversity Funding Gap

Financing the goals of the Global Biodiversity Framework requires collective action, according to Samantha Deacon, Global Lead in Biodiversity and Ecosystems at Ramboll.   Launched under the banner of ‘making peace with nature’ – COP16 is now drawing to its conclusion, with the international biodiversity community of policymakers, scientists, Indigenous Peoples, businesses and financial institutions awaiting landmark agreements and consensus…

Blended Finance Vital to Achieve NDCs

Policy cohesion and consistency will bolster private investor confidence and scale investment across emerging markets.   Closer alignment of blended finance vehicles with climate-related policies will help to meet targets outlined in countries’ soon-to-be-updated nationally determined contributions (NDCs), according to new analysis.  Blended finance network Convergence’s latest ‘State of Blended Finance: Climate Edition’ report has revealed a strong increase in climate-focused…

Microsoft Replacing Steel, Concrete in New Datacenters with Wood to Cut Carbon Emissions

Microsoft Replacing Steel, Concrete in New Datacenters with Wood to Cut Carbon Emissions

Microsoft revealed a series of initiatives aimed at reducing the embodied carbon footprint of its datacenters, including pioneering the use of wood in construction to replace steel and concrete. The new initiatives come as Microsoft looks to address the growing emissions impact of its rapidly expanding datacenter footprints. While Microsoft has set 2030 goals to become carbon negative and to…

How to Re-establish the UK’s Lead on Climate Change

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change. Two…

Towards a Model of Enlightened Stewardship

Rickard Nilsson, Head of Stewardship Success at Esgaia, explores the route to a broader and more encompassing framework for asset owners and managers.  In the evolving landscape of responsible investment, stewardship has taken on increasing importance. Asset owner and manager approaches have been rooted in the traditional view of fiduciary duty, focused on maximising returns for clients and beneficiaries. However,…

Nuveen, Leon Capital Invest in Real Estate Sustainability Consultancy Longevity Partners

Nuveen, Leon Capital Invest in Real Estate Sustainability Consultancy Longevity Partners

Real estate-focused climate and sustainability consulting firm Longevity Partners announced a new strategi investment from Nuveen and Leon Capital. Founded in 2015 Longevity Partners works with real estate and infrastructure firms to achieve green building certifications, and assists them on energy audits, data reporting and management, climate resilience strategies, and the development of energy and resource efficiency measures to reduce…

Maersk Signs Long-Term Green Methanol Deal with LONGi to Reduce Fleet Emissions

Maersk Signs Long-Term Green Methanol Deal with LONGi to Reduce Fleet Emissions

Shipping giant A.P. Moller – Maersk (Maersk) announced that it has signed a long-term bio-methanol supply agreement with China-based LONGi Green Energy Technology, aimed at contributing to reducing GHG emissions from Maersk’s growing fleet of dual-fuel methanol container vessels. The agreement follows the release earlier this year by Maersk of goals to reduce emissions across its operations and supply chain,…

Andium Raises $22 Million for IoT Platform to Cut Energy Sector Emissions

Andium Raises $22 Million for IoT Platform to Cut Energy Sector Emissions

Industrial Internet of Things (IoT) platform provider Andium, announced that it raised $21.7 million in a Series B financing round, with proceeds aimed at supporting the expansion of its remote field monitoring platform enabling energy companies to cut greenhouse gas emissions and reduce operating costs. Launched in 2014, New York-based Andium provides real-time remote field monitoring utilizing a platofrm combining…

Germany Hires Deutsche Bank, DZ Bank for Update of Green Bond Framework

Germany Hires Deutsche Bank, DZ Bank for Update of Green Bond Framework

Deutsche Bank and DZ Bank announced that they have been mandated by the Federal Republic of Germany as joint ESG coordinators for the planned update of the government’s Green Bond Framework. Germany released its initial Green Bond Framework in 2020, which sets out its environmental and sustainable finance objectives, management of green securities, eligible use of proceeds, expenditure evaluation and…