The European Commission announced today that it has selected 85 decarbonization technology-focused projects to receive €4.8 billion in grants utilizing funds raised through its EU Emissions Trading System (EU ETS). Established in 2005, the European Emission Trading System puts a price on carbon emissions for key GHG intensive sectors, including electricity and heat generation, oil refineries, steel, cement, paper, chemicals,…
Water management and services provider Saur announced that it has priced its inaugural blue bond for €550 million to finance initiatives related to sustainable water management. Based in France, Saur operates in 20 countries, with services including providing drinking water, purifying wastewater, and developing water management infrastructure. The company is the first French corporate and first European water utility to…
Logistics giant DHL and International Airlines Group’s (IAG) cargo handling business IAG Cargo announced today an expanded agreement, with IAG Cargo to use an additional 60 million liters of sustainable aviation fuel on behalf of DHL Express and DHL Global Forwarding to cover 2024 and 2025 emissions. The companies said that the new deal makes the partnership the largest SAF…
The Impact Disclosure Taskforce, a group consisting of some of the world’s largest finance and investment companies, announced today the release of its final voluntary Impact Disclosure Guidance, aimed at helping businesses and governments to measure and report their efforts and progress to advancing the UN Sustainable Development Goals (SDGs), in order to facilitate the capital flows needed to meet…
New York City Comptroller Brad Lander announced a new proposal to expand the city’s pension funds’ fossil fuel investment exclusion policy by ceasing future private market investments in midstream and downstream fossil fuel infrastructure. New York City’s pension funds represent over $200 billion in assets, and include the New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System (TRS), and…
Energy-as-a-Service solutions provider Redaptive announced today that it has raised $100 million through an equity investment from the Canada Pension Plan Investment Board (CPP Investments). Founded in 2015, Denver-based Redaptive helps organizations to reduce energy waste, lower costs and cut emissions, with a focus on large Commercial & Industrial companies. The company provides a solution to manage long-term energy efficiency…
California-based Universal Fuel Technologies (Unifuel), which is developing technology to cut sustainable aviation fuel (SAF) production costs, announced that it has raised $3 million for the advancement of its projects, as well as for lab space in Texas. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural residues,…