The EU’s sustainable finance framework would benefit from new measures to help reduce greenwashing risk, such as green and transition labels for sustainable investment products, and from reduced reporting burdens for smaller market participants, according to European Commissioner-designate for Financial Services and the Savings and Investment Union Maria Luis Albuquerque. In her confirmation hearing on Wednesday, Albuquerque expressed her position…
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…