Aberdeen Investments has announced the promotion of Kate McGrath to head of ESG, fixed income, from ESG senior investment manager. In her new role, McGrath will continue to report to Jonathan Mondillo, global head of fixed income at Aberdeen. She will be responsible for ESG oversight across the fixed-income department and sustainability-focused strategies and mandates. She will also be responsible…
EU Approves State Plans to Compensate Companies for Carbon Pricing Costs to Keep them from Relocating
The European Commission announced that it has approved new schemes by Austria and Spain aimed at compensating energy-intensive companies for higher electricity prices due to the impact of carbon prices under the EU Emission Trading Scheme (ETS). According to the Commission, the schemes are aimed at reducing the risk of companies relocating their activities to countries outside the EU with…
Persefoni Launches Agentic AI to Help Companies Analyze Carbon Footprint
Sustainability software provider Persefoni announced the launch of Persefoni Analytics Agent, a new agentic feature on its platform aimed at enabling companies to accelerate the analysis and understanding of their emissions data. Founded in 2020, Persefoni offers software and AI-driven tools aimed at enabling companies and financial institutions to manage their carbon footprint and sustainability reporting, with capabilities including streamlined…
Germany Invests €5 Billion to Decarbonize Energy Intensive Industries
Germany’s Federal Ministry for Economic Affairs and Energy announced today the launch of its 2026 contracts for difference (CCfDs) bidding process, expected to channel up to €5 billion this year to support investments aimed at decarbonizing energy-intensive industrial companies. The announcement marks the third round of Germany’s 15-year CCfD program, launched in 2023 to help companies in energy intensive industries…
Ameresco, HASI Launch $1.8 Billion Biofuels Platform
Energy solutions provider Ameresco and sustainable infrastructure investor HA Sustainable Infrastructure Capital (HASI) announced the launch of Neogenyx Fuels, a new joint venture aimed at accelerating the development of advanced biofuels and renewable natural gas (RNG) projects. The companies said that Neogenyx Fuels is expected to become one of the largest biogas project developers in the U.S. upon closing. RNG,…
Barocal Raises $10 Million to Cut Data Center Cooling, Refrigeration Emissions
Materials science startup Barocal announced that it has raised $10 million in a Seed funding round, with proceeds aimed advancing the commercialization of its solid-state cooling and heating platform technology. Heating and cooling sector emissions are responsible for around 15% of annual global greenhouse gas emissions, with cooling alone accounting for more than 4 Gt of CO₂e in 2022, with…
Investor Interest in Sustainable Investing Increases Over Last Year, with Performance as Top Driver: Morgan Stanley Survey
More than 90% of individual investors reported that they are interested in sustainable investing, increasing over the past year with expectations of returns as a central driver of interest, according to a new survey released by Morgan Stanley. While the survey indicated growing interest in sustainable investing, however, it also found that sustainable investment allocations slipped slightly in the past…
Peter Thiel Leads $140 Million Capital Raise for Panthalassa to Power AI Computing Using Ocean Waves
Clean energy and ocean technology company Panthalassa announced that it has raised $140 million in a Series B funding round led by Paypal and Palantir co-founder Peter Thiel, with proceeds from the financing aimed at advancing its technology to power AI computing using zero emissions energy generated by ocean waves. According to Panthalassa, the new financing comes as terrestrial data…
ADB Launches Financing Initiative to Scale Critical Minerals Supply Chains in Asia
The Asian Development Bank (ADB) announced the launch of the Critical Minerals-to-Manufacturing Financing Partnership Facility, a new financing initiative aimed at supporting the development supply chains for critical minerals – needed for clean energy, batteries, electric vehicles, and digital technology – in Asia-Pacific countries. According to the ADB, the facility is designed to enable the region to move beyond mining…
TotalEnergies to Build $300 Million Solar Project in the Philippines
French energy giant TotalEnergies and renewable energy developer Nextnorth announced they have closed financing and started construction on a 440 MW solar power project in the Philippines. Financing for the project, with an estimated cost of approximately $300 million, was provided by three international banks, Sumitomo Mitsui Banking Corporation, ING Bank and Standard Chartered. The transaction is the largest international…