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…
By: Emma Cutler, Senior Analyst, Verdantix News of climate change- and El Nino-driven drought slowing traffic in the Panama Canal hit headlines last week. Where the news will likely never appear, however, is firms’ own reporting, even for those that experience significant losses, at least not as a climate-related loss. Though the World Meteorological Organization cites economic damage from droughts…
Consumers globally are willing to pay more for products with a lower environmental impact, as they express increasing concern over climate change and environmental sustainability, yet many still find sustainable consumption too expensive, and focus on different aspects of product sustainability than the companies producing the products, according to a new study released by global management consultancy Bain & Company….
International asset manager Robeco announced today the launch of its new Fashion Engagement Equities Strategy, aimed at enabling investors to meet the dual objectives of earning attractive investment returns while promoting sustainability-focused change in the fashion industry. According to Robeco, the launch of the new strategy comes as the $2.5 trillion fashion industry is poised for significant growth, driven by…
Manulife Financial’s global wealth and asset management business Manulife Investment Management announced that it has raised $224.5 million in commitments at the initial close of Manulife Forest Climate Fund LP, reaching nearly the halfway mark towards the fund’s targeted $500 million in committed capital. Launched in late 2022, and aimed at providing investors with the opportunity to invest in nature…
Green energy developer TES Canada announced the launch of Projet Mauricie, a new C$4 billion (USD$2.9 billion) green hydrogen project in Quebec, Canada, aimed at supporting the decarbonization of hard-to-abate industries and contributing to the province’s climate goals. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and…
Lawmakers in the European Parliament and Council announced that they have reached a provisional agreement on new legislation aimed at restoring and protecting natural habitats and ecosystems, including a mandated target for EU countries implement measures to restore at least 20% of the EU’s land and sea areas by 2030, and for all ecosystems in need of restoration by 2050….