Experts underscore need for broad dialogue on regulation and governance, after developing countries largely left out of AI Safety Summit. Efforts to limit social risks from artificial intelligence (AI) at last week’s AI Safety Summit fails could fall short without a more inclusive approach to regulation and oversight. Convened by UK Prime Minister Rishi Sunak, the summit brought together large…
CDP to Align Reporting Platform with European Sustainability Reporting Standards
Climate research provider and environmental disclosure platform CDP and the European Financial Reporting Advisory Group (EFRAG) announced today the launch of a new agreement which will see CDP maximize the alignment of its disclosure system with the EU’s recently adopted European Sustainability Reporting Standards (ESRS). CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and…
EQT Acquires Battery Storage Platform Statera
Private equity and venture capital investor EQT Group announced an agreement by EQT Infrastructure to acquire UK-based battery storage and flexible generation infrastructure developer and operator Statera Energy from InfraRed Capital Partners. Founded in 2015, London-based Statera develops, owns, and operates large scale energy storage and flexible generation, assets, as well as pumped hydro and green hydrogen projects. It has…
Cleantech Startup Princeton NuEnergy Raises $16 Million for Battery Recycling Solution
Battery materials recycling and repurposing-focused cleantech startup Princeton NuEnergy (PNE) announced that it has raised $16 million at the initial closing of its Series A funding round, with proceeds aimed at advancing the company’s lithium-ion battery recycling technnology. Lithium-ion batteries are used in electric cars as well as for solar-power backup and in electronic devices such as phones and laptops….
Schneider Electric Acquires Climate Consultancy EcoAct
Energy and automation digital solutions provider Schneider Electric announced the acquisition of climate consulting and net zero solutions provider EcoAct. Founded in 2006, Paris, France-based EcoAct provides services and solutions to help businesses implement positive change in response to climate and carbon-related challenges, while driving commercial performance. The company employs over 360 climate, carbon and energy-focused experts, and offers a…
Biden Administration Invests $2 Billion in Low Carbon Material Building Projects
The U.S. General Services Administration (GSA) announced today a $2 billion investment, directed to government building construction projects using low-embodied carbon (LEC) materials, including LEC asphalt, concrete, glass and steel. According to the GSA, the investment aims to catalyze the market for American-made low carbon and expand U.S. capacity for manufacturing next-generation goods and materials, in addition to helping to…
France Bans Fossil Fuel Companies from Responsible Investment Labelled Funds
France’s Minister of the Economy, Finance and Recovery Bruno Le Maire announced today a series of updates to the French Socially Responsible Investment (SRI) label, aimed at making the label more demanding and climate-oriented, including new rules that would effectively exclude most oil and gas companies from SRI-labelled funds. The SRI label was launched by the French Ministry of the…