France-based energy giant TotalEnergies announced that it has inaugurated its largest solar power plant cluster in Europe, consisting of five projects near Seville, Spain, with a total installed capacity of 263 MW. According to TotalEnergies, the new solar projects will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households. The company added that…
Starbucks announced the launch of a new version of its flagship takeaway white cup in Europe, replacing the cup’s plastic lining and plastic lids with new materials, allowing the cup to be home compostable and recyclable. The rollout of the cup begins this month in 10 European countries, and is set to come to the UK and Ireland later this…
The European Council announced today that it has adopted amendments to a regulation on CO2 emissions standards for new passenger cars and vans, giving car manufacturers more time to comply with CO2 targets, avoiding significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023, including a requirement for a 100% reduction…
Italian energy company Eni announced today that it has signed an exclusivity agreement with BlackRock’s infrastructure-focused unit Global Infrastructure Partners (GIP) for the potential sale of a co-control stake of 49.99% of Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. Eni CCUS Holding encompasses several large-scale European CCUS projects, including the UK-based Hynet, aimed at capturing CO2 emitted…
Italian energy infrastructure and services provider Snam announced that it has raised $2 billion in a multi-tranche sustainability linked bond (SLB) offering, with the cost of debt tied to the company’s interim- and long-term targets to reduce greenhouse gas (GHG) emissions across its value chain. According to the company, the offering is the first-ever SLB linked to a net zero…
EU banking supervisor The European Banking Authority (EBA) announced the release of new proposed amendments to Pillar 3 disclosure requirements for banks, including simplifications and clarifications around ESG risk-related reporting, particularly for small and medium-sized banks. The EBA said that its new proposals align with the initiatives of the European Commission to simplify sustainability reporting, such as the Commission’s Omnibus…
Industrial expansion, fossil fuel extraction and mining threaten to undermine the historic Kunming-Montreal Global Biodiversity Framework (GBF), according to the latest analysis from Earth Insight. As the global race to safeguard essential natural areas approaches a critical threshold, the research revealed an alarming overlap between oil, gas and mining concessions and important areas for conservation, including Key Biodiversity Areas (KBAs),…
Mirova and Thematics Asset Management (AM), both affiliates of Natixis Investment Managers, have announced a strategic merger. The merger aims to combine Mirova’s sustainable finance track record with Thematic AM’s high conviction thematic strategies. The combination of the two firms will offer a range of thematic investment products to meet the varied needs of investors while adhering to high sustainability…
In a speech marking his first 100 days, President Trump made his stance on clean energy crystal clear doubling down on coal. Since taking office, he’s reduced green energy funding, threatened to dismantle key parts of the Inflation Reduction Act (IRA) and proposed tariffs that could disrupt clean tech imports. However, there is a silver lining. The hoped-for irony here…
India-based climate tech startup Alt Carbon announced that it has raised $12 million in a seed financing round, with proceeds aimed at scaling its Enhanced Rock Weathering solution to remove and store carbon across the Global South. According to the company, the announcement marks the largest seed round to date for climate tech in India. Founded in 2023 by brothers…