DHL Group’s contract logistics division DHL Supply Chain announced today the launch of a new global Green Transport Policy, aimed at setting a global sustainability standard for its transport fleet and substantially reducing emissions, and including a has commitment to invest an additional €200 million (USD$217 million) in investment in fossil fuel alternatives over the next three years. The release…
President Biden announced more than $6 billion in investments aimed at strengthening climate resilience in the U.S., targeting areas including the electric grid infrastructure, reducing flood risk, advancing drought resistance, and advancing community-level clean energy deployment and climate justice efforts. Addressing climate change has been a significant focus for the Biden Administration, starting with the return of the U.S. to the…
Steel manufacturer Nucor Corporation announced a series of new climate targets, including a goal to achieve net zero emissions across Scopes 1, 2 and 3 from the production of hot rolled steel. According to Nucor, the new commitments make the company the first diversified steelmaker in the U.S. to set GHG reduction targets encompassing all three scopes. Steelmaking is one…
Amazon announced today that it has invested in 78 new solar and wind energy projects so far this year, including its first brownfield project built on a brownfield, built on a site abandoned due to industrial pollution. The new brownfield project, Amazon Solar Farm Maryland–CPV Backbone, is being built on the site of the recently closed Arch Coal Mine in…
The European Commission announced today that it has today approved more than €396 million in funding for climate and environmental sustainability projects in areas including nature and biodiversity, circular economy and quality of life, climate change mitigation and adaptation, and clean energy transition. The new investments are being made under the LIFE Programme, the EU’s funding instrument for the environment…
Geothermal heat and power company Geothermal Engineering announced today that it is raising £600 million (USD$745 million), with proceeds used to expand its production of zero carbon lithium, a biproduct of its geothermal projects, for use in the rapidly growing electric vehicle market. Lithium is a key input in most energy storage system, and rapidly rising demand for the material…