The U.S. Postal Service (USPS) announced today a series a set of new 2023 sustainability targets, encompassing goals to reduce emissions across the value chain and circular economy commitments to reduce waste and increase recyclability. According to the USPS, the new goals align with the organization’s ten-year financial sustainability and service excellence plan, Delivering for America. Launched in 2021, the…
Cleantech startup Avnos announced today that it has raised $36 million, with proceeds from the series A financing round to be used to support the company’s growth and the expansion of its proprietary Direct Air Capture (DAC) carbon removal technology. Founded in 2020, California-based Avnos offers a proprietary Hybrid Direct Air Capture (HDAC) solution that uses only air, electricity and…
Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on the Net Zero Industry Act (NZIA), a new regulation aimed at scaling up clean technology industrial capabilities and capacity across Europe. The agreement follows the introduction of the proposed NZIA by the European Commission in March 2023, forming one of the key elements…
By: Laura Conigliaro, ESG Reporting Manager at Low Carbon The risk to the world from damage to our natural environment is enormous. Nature has intrinsic value for many who choose to protect it. But thinking we have a choice in the matter misses a key point: that, as first coined by the UK Dasgupta Review, we – our economies, our…
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 a series of actions as part of its “major scale-up operation,” including plans to develop sector standards for climate goals for several high impact sectors. The organization said that its scale-up process is…
Schroders Greencoat, the renewables and energy transition infrastructure manager of Schroders Capital, has launched a long-term asset fund (LTAF) dedicated to renewable energy and energy transition infrastructure. The Schroders Greencoat Global Renewables+ LTAF is designed to allow UK pension savers to invest in this asset class while benefitting from “stable, diversifying and inflation-linked investment returns”. It will be managed by…
Pollination, the nature investment and advisory firm, has appointed Dame Amelia Fawcett as senior adviser to the business. Currently, Fawcett is the lead director of State Street, co-chair of the International Panel on Biodiversity Credits (IAPB), chair of the Royal Botanic Gardens, Kew and chair of the Circular Bioeconomy Alliance. She will be advising Pollination on how to help clients…
The European Commission announced the release of its strategy to significantly increase industrial carbon capture, storage and utilization capacity across the EU over the next several years, forming a key part of its plan to achieve its climate goals, including reaching net zero emissions by 2050. The new strategy was launched alongside the Commission’s recommendation on Tuesday to set a…
The European Commission’s proposal for almost full decarbonisation by 2040 “is revolutionary and reinforces the EU position as a global leader on climate change”, according to a leading policy director at the International Emissions Trading Association (IETA). Based on initial impact assessments and the advice of the European Scientific Advisory Board on Climate Change, the Commission is recommending an EU-wide…