Global food and beverage company Nestlé announced today a series of agreements enabling the company to shift the equivalent of half of its global shipping needs to alternative, lower-emission fuels, effective immediately. Through agreements signed with logistics giants Hapag-Lloyd, Maersk and CMA CGM, Nestlé said that it will use green fuels, such as those made from waste, for its cargo…
Nanotechnology company UP Catalyst announced that it has raised €4 million (USD$4.3 million) in seed funding, aimed at supporting the scale-up of its technology to support the reduction of Europe’s reliance on Chinese carbon materials with a sustainable alternative source of raw materials for battery manufacturers. Founded in 2019, Estonia-based UP Catalyst produces sustainable carbon materials using Molten Salt Carbon…
Cleantech startup AM Batteries today announced that it has raised $30 million in a Series B in a funding round led by Toyota Ventures, with proceeds aimed at accelerating the commercialization of its dry battery electrode manufacturing technology to reduce CO2 emissions and cost of the manufacturing process. Founded in 2016, Massachusetts-based AM Batteries is developing technology to significantly reduce…
The Biden administration announced a finalized rule by the U.S. Environmental Protection Agency (EPA), aimed at significantly cutting methane emissions by the oil and gas industry, preventing the equivalent of 1.5 billion metric tons of greenhouse gas emissions. The new rule includes a suite of pollution reduction standards addressing the largest sources of methane and other pollutants at oil and…
Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs), announced the publication of their Final Report amending the draft Regulatory Technical Standards (RTS), completing their review of key disclosure rules for financial products under the Sustainable Finance Disclosure Regulation (SFDR), with proposals for new mandatory reporting on social factors such as exposure to tobacco production and inadequate wages,…
COP28 President Dr. Sultan Ahmed Al Jaber announced the launch of the Global Climate Finance Centre (GCFC), a new think tank and knowledge hub aimed at accelerating the development of global climate finance, including market design, frameworks and skills development. Unveiled Monday at COP28, founding members of the GCFC include Abu Dhabi Global Market (ADGM) ADQ, BlackRock, CIFF, GFANZ, HSBC,…
Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on proposed regulations for a new “Ecodesign” framework to establish sustainability requirements for nearly all products across the EU, and to improve information to consumers about products’ environmental sustainability. The agreement follows an initial proposal by the European Commission in March 2022 to set…