The International Accounting Standards Board (IASB), the accounting standards-setting body of the IFRS Foundation, announced today the publication of a consultation document, with a series of new proposed illustrative examples aimed at enabling companies to provide investors with better information about climate-related risks and other uncertainties. The IASB provides illustrative examples as non-mandatory guidance accompanying IFRS Accounting Standards, with the…
The UK government announced today that its budget for its renewable energy auction would be the largest in the country’s history, £1.5 billion (USD$1.93 billion), including £1.1 billion for offshore wind. The government said that this is an increase of £500 million, 50% more than the budget set in March and larger than all previous energy auctions combined. Ed Miliband,…
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climate change, announced the release of a series of research publications aimed at informing its new standard for corporate climate target-setting, with findings indicating that the new standard is unlikely to allow companies to use carbon…
Infrastructure-focused investment firm ArcLight announced the launch of SkyVest Renewables, a new operating focused renewables investment initiative targeting utility-scale wind and solar assets in North America. The new platform is being launched with an initial $500 million capital commitment from Arclight. According to the company, SkyVest will also augment ArcLight’s existing dedicated in-house operations resources in asset management, data analytics,…
Google announced a new 10-year agreement with power company PacificLight and renewable energy developer RExus Bioenergy to build a wood-to-waste plant in Singapore, and provide clean energy to Google to power its data center and operations in the region. The deal marks the latest in a series of renewable energy announcements for Google in Asia, including the recent launch of…