Venture capital and private equity investment in climate technology ventures has declined sharply in 2023, but continued to outperform the broader market, which continues to be impacted by economic and geopolitical turmoil, according to a new report by global professional services firm PwC. The report found also indicated the emergence of a broadening investor base for climate tech startups, and…
Dry bulk ship owner Berge Bulk announced the launch of its 210,000 Metric Tons Deadweight vessel, Berge Olympus, retrofitted with four BARTech WindWings by Yara Marine Technologies, that use wind power to reduce fuel consumption and CO2 emissions. Yara’s WindWings, each possessing an aerodynamic span of 37.5 metres height and 20 metres width, provide an advanced wind-assisted propulsion and route…
Environmental commodity and corporate climate solutions provider STX Group announced the launch of its first investment fund, aimed at catalyzing investments in corporate compliance markets, in partnership with alternative investment fund manager Funds Avenue S.A. According to STX Group and Vertis, the new fund is being launched in response to growing demand for investments that meet ESG criteria, in addition…
General Mills, Walmart and Sam’s Club announced a collaboration today to help accelerate the adoption of regenerative agriculture on 600,000 acres in the U.S. by 2030. This represents the approximate number of acres General Mills uses to source key ingredients for its products sold through the retailers. Regenerative agriculture practices are aimed at addressing the environmental impact of the sector,…
Diversified clean energy company Modern Energy announced today a $20 million equity commitment to Colorado-based green hydrogen developer NovoHydrogen, with proceeds from the investment to support the company’s growth and green hydrogen project development. Colorado-based NovoHydrogen, founded in 2021, develops onsite and near-site green hydrogen projects for its customers across a variety of sectors. Green hydrogen is produced by using…
Proposals would postpone sector-specific and non-EU company sustainability reporting rules The European Commission announced plans to delay key aspects of its Corporate Sustainable Reporting Directive (CSRD), including the adoption of requirements for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU. The announcement was made as part of the Commission’s release of its…
Results from the latest round of Climate Action 100+’s (CA100+) Net Zero Company Benchmark assessments show that most focus companies are not on track to meet the goals of the Paris Agreement and reduce investor risk. Implementing an updated and more ambitious benchmark to assess focus companies on their net zero transition plans, CA100+ found that significant progress is still needed…