Planet Tracker report identifies water-related risks as a major strategic threat for apparel brands and retailers, highlighting investors’ role in raising awareness. Companies and investors in the fashion sector have been urged to prioritise water risk management for long-term sustainability, amid water stress rising in key garment manufacturing regions globally. In a new report focused on quantifying such risks in…
Growth Investor Verdane Expands Decarbonization Team with New Senior Hires
European specialist growth investor Verdane announced a series of new appointments to bolster its decarbonization team, including Dr Erich Becker as a Partner, and Christina Levin-Rylander as the Chief Operating Officer for the firm’s in-house operational advisor team, Elevate. Becker joins Verdane after leading investment firm Ene after leading investment firm Exergy Capital Management, focused on real assets, infrastructure and…
Green Cement Startup Cemvision Raises €10 Million
Climate tech startup Cemvision announced that it has raised €10 million in a seed funding round, aimed at accelerating the company’s near-term efforts to provide high-performance, ultra-low CO2 footprint and resource-efficient, 100% circular cement. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide emissions,…
Microsoft Signs 95,000 Ton Biochar Carbon Removal Deal with Climate Solutions Startup The Next 150
Microsoft and climate solutions provider The Next 150 announced that they have signed a 6-year offtake agreement, with Microsoft purchasing 95,000 tons of carbon removal credits generated by a new biochar production facility in Mexico. Biochar, or biological charcoal, is produced by heating biomass, such as forest residue, wood or crop waste, in the absence of oxygen, creating a stable…
Biden Administration Invests $6 Billion in Industrial Decarbonization Projects
The U.S. Department of Energy (DOE) announced today the selection of 33 projects to be awarded up to $6 billion in funding aimed at advancing technologies to help significantly reduce emissions across hard-to-decarbonize industries across sectors including chemicals, steel, food, refining and cement, among others. According to the DOE, the announcement marks the largest-ever U.S. investment in industrial decarbonization, and…