Clarification sought on the extent to which the bloc’s ESG-labelled funds can and should finance weapons under sustainable finance regulations. The EU’s plans to boost investment in its defence industry cannot come at the expense of the integrity of the bloc’s sustainable finance framework, industry experts have said. But the warning comes amid increasing signs that the European Commission…
BCG Buys Over 50,000 Tonnes of Carbon Removals Spanning Broad Range of Technologies
Boston Consulting Group (BCG) announced that it has purchased 50,250 tonnes of certified carbon dioxide removals (CDRs) through CDR portfolio manager ClimeFi, to be delivered over the next two years, and spanning a broad set of carbon removal technologies. The agreement marks the second largest CDR purchase to date for BCG, following the company’s commitment to neutralize 100% of its emissions…
Canada Sets Goal to Reduce Greenhouse Gas Emissions by 45% – 50% by 2035
The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis. While the government described the new goal as “the next step” in achieving its net zero by 2050, the target would represent only a minor reduction compared to Canada’s current 2030 goal,…
Invesco Launches New Climate ETF with Record-Breaking $2.4 Billion Investment
Global asset manager Invesco announced the launch of the Invesco MSCI North America Climate ETF (KLMN), a new exchange traded fund aimed at helping investors to reduce exposure to greenhouse gas emissions and gain exposure to companies with science-based emissions reduction targets. The new ETF is being launched with a $2.4 billion investment by Finnish pension insurer, Varma, breaking a record for…
AECOM Launches Energy Transition Infrastructure Team
Dallas-based Infrastructure firm AECOM announced today the launch of a new Energy Transition team, aimed at helping clients to address the challenges and opportunities of the energy transition in Europe. According to the company, the new team is being established in response to needs expressed by European clients and partners, including industrial hubs and port authorities, to prepare for transition…