The number of companies reporting through research provider and environmental disclosure system CDP disclosing that they have a 1.5°C-aligned climate transition plan in place jumped by more than 40% over the past year, and more than 60% of reporting companies indicated that they have or plan to have such a plan in place within the next two years, according to…
This week in ESG news: Microsoft signs largest-ever carbon removal purchase deal; EU Council agrees on rules to fight greenwashing product claims; Bloomberg launches new CSRD sustainability data solution; H&M partners with industrial decarbonization startup to tackle supply chain emissions; Workiva launches carbon data management and reporting solution; EU adopts Nature Restoration Law; PwC study finds CSRD reporting preparation leading…
Cleantech startup Molten Industries announced that it has raised $25 million at the close of a Series A financing round, with proceeds aimed at scaling capacity as a producer of graphite for lithium-ion batteries and clean hydrogen to decarbonize the chemical and steel industries. Founded in 2021 by Dr. Caleb Boyd and Dr. Kevin Bush, with a mission to decarbonize…
The European Commission announced today the launch of the European Solar Academy, the first in a series of planned new Net-Zero Academies providing workers with skills needed for the net zero technologies value train. The new academy aims to train 100,000 workers in the solar photovoltaic value chain over the next three years, addressing a labor and skills gap in…
Sustainable agriculture and biological solutions provider Indigo Ag and Microsoft announced a new carbon removal purchase agreement, with Indigo delivering 40,000 tons of carbon credits to Microsoft generated through the promotion of regenerative agriculture practices by U.S. farmers. Regenerative agriculture practices are aimed at addressing the environmental impact of the sector, and include techniques to improve and restore ecosystems, build…
IEEFA Energy Finance Specialist Michelle Kim explains why the country’s East Sea gas development will not strengthen its energy security. South Korea’s Yoon Suk-yeol administration recently announced the exploratory drilling of potentially massive oil and gas reserves in the East Sea, estimated to hold up to 14 billion barrels of oil and gas. This project aims to address the country’s…