Business and financial markets information service provider Bloomberg announced the launch of MARS Climate, a new solution aimed at enabling buy-side and sell-side financial firms to quantify and manage climate risks and opportunities across portfolios. The new solution forms part of Bloomberg’s Multi-Asset Risk Management (MARS) suite. According to Bloomberg, the launch of the new solution comes to help investors…

Investment data and research provider MSCI and Swiss Re Reinsurance Solutions announced the launch of a new collaboration, aimed at enabling financial sector companies to assess, manage and mitigate their physical climate risk. The new collaboration will bring together MSCI’s GeoSpatial Asset Intelligence with Swiss Re’s proprietary natural catastrophe and climate risk data and insights, including its CatNet tool. MSCI’s…

Regenerative agriculture and carbon removal-focused startup CarbonZero.Eco, founded by 16-year old Harper Moss, announced that it has raised $3.5 million, with proceeds aimed at supporting its biochar-based projects to remove CO2 from the atmosphere while improving crop yields for farmers. Based in Silicon Valley, CarbonZero.Eco was launched by Moss, reportedly driven by a “passion to make a positive impact on…

Tokyo-based banking and financial services company Mizuho Bank and Temasek-owned decarbonization solutions-focused investment platform GenZero announced today a new partnership aimed at developing transition credits to help fund the acceleration of the early retirement of coal-fired power plants. Coal is by far the largest source of energy-based CO2 emissions globally, according to the International Energy Agency (IEA), accounting for 45%…

The rapid growth of artificial intelligence (AI) over the past few years has created challenges for Microsoft in achieving its “moonshot” sustainability goals, including its target to become carbon negative by 2030, with the company’s Chief Sustainability Officer Melanie Nakagawa acknowledging that “the moon has gotten further away.” In a blog post discussing Microsoft’s progress towards its 2030 targets, however,…

Cleantech startup Vema Hydrogen announced that it has raised $13 million in a Seed funding round, with proceeds aimed at supporting its efforts to produce low-cost carbon-free hydrogen. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult to abate emissions, in which renewable energy solutions such…