The European Commission announced plans to remove its requirement for a 100% reduction in CO2 emissions from new cars and vans from 2035, marking one of the most significant moves in its initiative to ease industrial sustainability requirements. Announced as part of its newly released “Automotive Package,” the Commission’s proposal would still require carmakers to meet a 90% tailpipe emissions…
Microsoft and Spanish multinational energy company Iberdrola announced the launch of a new partnership, including the signing of their first renewable energy power purchase agreements (PPAs) in Europe, and initiatives to accelerate the deployment of AI across Iberdrola’s operations. The new collaboration includes two long-term PPAs in Spain, totalling 150 MW of electricity from Iberdrola’s Iglesias wind farm in Burgos…
The European Commission announced the release of a series of proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, including expanding the scope of the CBAM to some downstream products, in order to avoid a shift in production away from EU manufacturers to those in countries with weaker climate policies. Adopted in 2023,…
Lawmakers in the European Parliament approved today a provisional agreement reached last week with EU member states to significantly scale back sustainability reporting and due diligence requirements for companies. The agreement was adopted with 428 votes in favor and 218 against, in addition to 17 abstentions. The approval by MEPs forms one of the last steps towards the final adoption…
Real estate-focused sustainability data technology provider Measurabl announced today the appointment of Maureen Waters as its new CEO. Founded in 2013, San Diego-based Measurabl provides a data management platform enabling commercial, residential and corporate real estate owners and asset managers to measure, manage, and report sustainability data, in order to assess and mitigate exposure to physical climate risk, comply with…
Google and TotalEnergies announced today a new long term Power Purchase Agreement (PPA), providing the tech giant with a total volume of 1 TWh of renewable energy to supply its data centers in Malaysia. Under the new PPA, TotalEnergies will supply Google with certified renewable power from the Citra Energies solar plant, a new project in Malaysia’s northern Kedah province. TotalEnergies…