Climate tech startup Electricity Maps announced today that it has raised €5 million (USD$5.4 million), with proceeds aimed at supporting the expansion of its solutions to map global electricity grids and support data-driven decarbonization of the energy sector. Founded in 2016, Copenhagen-based Electricity Maps provides companies with data quantifying the carbon intensity and origin of electricity, helping users understand and…
Multinational pharmaceutical company Teva Pharmaceutical announced a series of new sustainability goals, including targets to achieve net zero emissions across the company’s operations and value chain by 2045 and to reach 100% renewable electricity across all Teva sites by 2035. The new goals were announced alongside the release of Teva’s 2023 Healthy Future Report, outlining the company’s initiatives under its…
Electric vehicle (EV) solutions startup EnviroSpark Energy Solutions announced a $50 million investment from infrastructure-focused investor Basalt Infrastructure Partners, with proceeds to be used to expand its charging network across the U.S. Founded in 2014, Atlanta-based EnviroSpark provides solutions aimed at addressing the pain points of property owners and drivers by enhancing EV accessibility, with services ranging from consultation &…
Boston Consulting Group (BCG) and low carbon solutions provider World Energy announced today a new 5-year agreement for the purchase by BCG of sustainable aviation fuel certificates (SAFc) as part of the company’s efforts to achieve its net zero climate goals. The agreement marks BCG’s largest SAFc purchase to date, and is expected to deliver an emissions reduction of 100,000…
The U.S. Environmental Protection Agency (EPA) announced that it has issued a finalized rule aimed at strengthening and expanding methane emissions reporting requirements for oil and natural gas facility owners and operators, and improving the quality of emissions data reported through the use of advanced technologies. Rapid reduction in methane emissions is seen as one of the most effective near-term…
Sustainability and climate issues are moving back into focus for senior executives globally, with more than half of CEOs reporting that sustainability is a higher priority now than it was a year ago, and decarbonization found to be the top long-term strategic priority for CEOs, according to a new survey released by global professional services firm EY. For the study,…
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the publication of the Hong Kong Taxonomy for Sustainable Finance, aimed at defining and classifying environmentally sustainable economic activities, to help inform decision making and facilitate green finance flows. According to the HKMA, the sustainable finance taxonomy provides an important tool by enabling a standardized framework for the…
The U.S. Department of Energy (DOE) announced the launch of a new Funding Opportunity Announcement (FOA), with up to $500 million available for projects expanding CO2 transport infrastructure capacity, aimed at supporting the future growth of the U.S. carbon capture and storage industry. Funding under the new program is being made available under the Bipartisan Infrastructure Law, which allocates approximately $6.5…
The UK government’s strategy to reach net zero emissions by 2050 was ruled to fall short of legal requirements by the High Court for a second time, with the court supporting challenges claiming that the plan did not provide sufficient information on the risk to achieving the required emissions reductions, which rely in part on the development of future technologies….
Microsoft and Swedish energy company Stockholm Exergi announced today a 10-year offtake agreement with Stockholm Exergi providing Microsoft with more than 3.3 million tonnes of carbon removal certificates from its planned bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement marks the largest-ever engineered carbon removal deal in the world to date, according to the companies. Stockholm…