Jamal Srouji, Global Climate Programme Associate at the World Resources Institute, says the Global Stocktake is a chance to correct course on climate.  This year is a critical moment for climate action.  The mounting impacts of climate change, from floods and droughts to hurricanes and heat waves, are taking a major toll on human lives and economies globally — particularly in…

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers. The guidelines set out MAS’ supervisory expectations for the financial institutions to have a sound transition planning process, enabling…

International asset manager Robeco announced that it will begin providing sustainability information for all of its investment products, with information covering themes such as climate, net zero, biodiversity and the Sustainable Development Goals (SDGs) being added to product factsheets and webpages. Factsheets are routinely used by asset managers to disclose product information such as performance, fees, the top ten invested…

Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced that it has raised approximately €2 billion ($USD2.1 billion) at the final close of two new clean energy infrastructure funds, including €750 million for CI Advanced Bioenergy Fund I (CI ABF I) and €1 billion, with an additional €200 million in co-investments for CI Green Credit Fund I (CI GCF I)….

Logistics giant DHL Express announced today a new long-term agreement with clean energy and renewable fuels provider World Energy for the purchase of roughly 668 million litres of sustainable aviation fuel (SAF) via sustainable aviation fuel certificates (SAFc). The seven-year deal, running through 2030, marks one of the largest-ever SAFc agreements in the aviation industry to date. ​Scaling the use…

The Biden administration announced on Wednesday $3.5 billion of awards for projects aimed at strengthening electric grid resilience and reliability across the U.S., enabling the deployment of cleaner and lower cost energy, marking the largest-ever direct investment in the U.S. electric grid. The new investments will be funded by the Bipartisan Infrastructure Law, with the projects expected to leverage more…

Venture capital and private equity investment in climate technology ventures has declined sharply in 2023, but continued to outperform the broader market, which continues to be impacted by economic and geopolitical turmoil, according to a new report by global professional services firm PwC. The report found also indicated the emergence of a broadening investor base for climate tech startups, and…