UK supermarket retailer Morrisons announced a new series of climate targets, including a commitment to achieve net zero greenhouse gas (GHG) emissions across its full value chain by 2050. The new targets mark a significant update to Morrisons’ climate goals, which had previously included a commitment to achieve net zero emissions from its own operations by 2035. While the Scope…
Dutch energy solutions provider FincoEnergies announced that mining and commodities giant Glencore has agreed to acquire a majority stake in the company. Founded in 2013 by energy investment company Coloured Finches, Netherlands-based FincoEnergies provides fuels, biofuels and decarbonization services for the transport and industry sectors, including products and services aimed at helping companies to calculate and reduce their direct and…
Renewable energy developer Renewco Power announced that it has raised £29 million through new investments, with proceeds aimed at advancing its wind and solar projects throughout Scotland and the UK, and to accelerate the transition to clean energy across its key European markets. The funding round included a £20 million investment from Scotland’s development bank and impact investor, the Scottish…
The European Commission announced on Tuesday a set of new pilot actions aimed at creating common EU-wide rules for the plastics recycling, forming part of a series of measures to revitalize the plastics recycling sector planned to be released over the next several months. According to the Commission, the new measures come as demand for recycling and circular plastics is…
The Port of Rotterdam has raised €50 million through the issuance of a new Carbon Capture and Storage Bond, marking the first ever corporate bond with use of proceeds to be exclusively allocated to carbon capture and storage (CCS). Proceeds raised through the new bond offering will be allocated to Port of Rotterdam’s equity investment in Porthos, one of the…
The U.S. Department of the Interior announced on Monday the immediate pause of leases for all large-scale offshore wind projects under construction in the U.S., citing “national security risks” potentially resulting from the projects. The announcement will freeze the development five major projects along the U.S. east coast, representing nearly 6 GW of energy, that were set to enter commercial…
Infrastructure investor Equitix announced the acquisition of a substantial minority stake in UK-based energy-from-waste operator Viridor Group from KKR, building on its current 35% stake in the company Viridor operates the largest Energy from Waste (EfW) fleet in the UK, with 12 EfW facilities processing more than 3.5 million tonnes of waste and recycling a year, and producing more than…
By Kamil Kluza, Co-founder and COO, Climate X COP30’s decision to shift the global adaptation finance target, tripling it to $120 billion annually but delaying delivery from 2030 to 2035, was presented as a pragmatic compromise. The target sets the level of global public finance intended to help countries invest in physical resilience, and yet that adjustment quietly changes the…
Approximately two thirds of funds with ESG terms in their names changed their names, with many dropping ESG terms or using terms with less stringent requirements, and half updated their investment policies, following new guidelines for funds using ESG or sustainability-related terms in their name released last year by EU markets regulator the European Securities and Markets Authority (ESMA), according…
Alternative asset and private equity investor KKR announced that it will acquire a majority stake in electric locomotive leasing company Green Mobility Partners (GMP), and the formation of a new strategic partnership with GMP aimed at meeting growing demand for sustainable rail infrastructure across Europe. Launched in 2024 by Christoph Katzensteiner, Vienna-based GMP provides full service for Siemens Vectron electric locomotives,…