Sustainable building materials startup Terra CO2 announced that it has raised $82 million in commitments in a Series B financing round, with proceeds aimed at accelerating the commercial deployment of its low carbon cement solution. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide…
HSBC revealed today a series of major changes to its climate goals, including a decision to push back its 2030 target to achieve net zero emissions in its operations and supply chain by 20 years, citing the “slower pace of the transition across the real economy,” in areas including climate technology, energy transition, and government policy. The bank also announced…
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on a series of new measures aimed at preventing and reducing waste in the textile and food sectors, including rules that would require fashion brands to pay for the collection and recycling of their products, with fees based on the products’ circularity and sustainability. The…
While the current administration has prioritized fossil fuel expansion and rolled back federal climate policies, the global green transition continues to accelerate. In fact, the green job market is booming. Companies and investors are still riding the green career sustainability wave, creating new jobs and stronger demand for professionals with expertise in renewable energy and similar fields. Market forces, state-level…
Carbon transformation-focused cleantech company Twelve announced that it has raised $83 million in additional Series C funding, with proceeds aimed at supporting its projects to use captured CO2 to produce critical materials and fuels, such as sustainable aviation fuel (SAF). In September, the company announced that it had raised $645 million of capital in a mix of project equity, a…
Energy company TotalEnergies announced a new agreement with industrial gases and services supplier Air Liquide, aimed at helping to decarbonize TotalEnergies’ refineries in Northern Europe with green hydrogen. The deal provides for the establishment of two projects, located in the Netherlands, that will produce and deliver some 45,000 tons of green hydrogen annually. TotalEnergies said that the projects will cut…
Post-wildfire restoration company Mast Reforestation announced that it has raised $25 million in a Series B funding round, with proceeds aimed at scaling its expansion into Biomass Carbon Removal & Storage (BiCRS). Founded in 2016, Seattle-based Mast manages and finances reforestation projects after forests are destroyed in fires or other events, and the company has been specializing in carbon-financed reforestation…