The UAE will invest up to AED200 billion (USD$54.5 billion) in order to meet its targets to significantly increase clean energy capacity and production over the next several years and to progress towards its 2050 climate goals, according to a statement by Suhail Al Mazrouei, Minister of Energy and Infrastructure. Speaking at the ADIPEC energy industry conference in Abu Dhabi,…
Sustainability management solutions provider Optera has announced the release of a new update of its Supply Chain Manager with new features aimed at enabling companies to meet increasing regulatory requirements to report on Scope 3 supply chain emissions for purchased goods and services. With the implementation of regulations such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s…
Engie North America, a part of the France-based Engie Group, announced that it has signed a deal with social media giant Meta to supply it with 260 MW of renewable energy from its Sypert Branch solar project in Milam County Texas, 100% of the project’s output. The Sypert Branch solar project, expected to be operational in late 2025, was developed…
Normative, a Stockholm-based developer of carbon accounting software, announced today the acquisition of Denmark-based carbon accounting solution provider Eivee, enabling an expansion of sustainability accounting services throughout Europe. Founded in 2020, Copenhagen-based Eivee has developed software that calculates clients’ CO2 emissions across scope 1, 2 and 3 emissions. The system continuously measures and reports CO2 reduction progress, ensuring compliance with…
By: Scott Lane, Founder & CEO of Speeki Fueled by the scramble for AI adoption, the market for data center outsourcing has never been stronger. And as enterprises in every sector continue to build third-party data centers into their digital infrastructure, the industry is expected to grow at a CAGR of 5.04% between 2024 and 2033 – taking it up…
The Government of Canada announced on Monday the release of a new draft regulation aimed at setting a cap on greenhouse gas (GHG) emissions in the oil and gas sector, and introducing a new emissions allowance trading system to cut GHG pollution in the sector by more than a third. While aiming to cut sector emissions, however, the government stressed…
Tokyo-based banking and financial services company Mizuho Bank announced today that it has acquired a minority equity stake in climate and nature solutions firm Pollination, forming part of a new strategic partnership between the firms, aimed at supporting Mizuho’s clients in implementing decarbonization initiatives, and accelerating Pollination’s growth and international expansion. Founded in 2019, London-based Pollination works with financial institutions,…