Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on proposed new rules to strengthen emissions standards for heavy-duty vehicles, including a requirement for a 90% emissions reduction for heavy trucks by 2040. Additional interim requirements covered by the agreed standard include 45% emissions reductions from 2030, and 65% from 2035. The agreement…
Lawmakers in the European Parliament voted 593-21 on Wednesday to adopt a new anti-greenwashing law banning a series of commercial practices, including the use of unproven generic product claims such as “environmentally friendly,” or “climate neutral,” or marketing a product as having a reduced environmental impact based on the use of emissions offsetting schemes. The agreement follows the release in…
Clean fuels startup INERATEC announced today that it has raised over $129 million in its Series B funding round with proceeds to be used to scale production of the company’s sustainable e-fuels, aimed at decarbonizing hard-to-abate industries. Founded in 2016, Karlsruhe, Germany-based INERATEC produces sustainable e-Fuels and synthetic chemicals to replace fossil crude oil. The company builds modular chemical plants…
Global commodities trading company Trafigura announced a new agreement with 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy) for the advance purchase of carbon credits to be produced from 1PointFive’s industrial DAC facility, STRATOS. Announced at the during the World Economic Forum’s (WEF) Annual Meeting in Davos, Switzerland, the agreement marks Trafigura’s first transaction under its…
Global impact investor BlueEarth Capital AG announced today that it has reached $378 million in investor commitments for its private equity climate impact strategy, BlueEarth Climate Strategy, Commitments include $308 million from the BlueEarth Climate Growth Fund, and $70 million from LPs in a tailored mandate and co-investments. Founded in 2015, Switzerland-based Blue Earth Capital manages investment strategies for professional…
Barclays announced today the establishment of a new Sustainable Banking Group within its Capital Markets business, bringing together the bank’s Sustainable Capital Markets and ESG Advisory teams, in a move aimed at addressing the sustainability needs of clients across industries. According to Barclays, the newly formed business will combine its capabilities across M&A, Equity, Debt and Risk Management capabilities, offering…