Buildings materials startup Cocoon Carbon announced that it has raised $15 million in a Series A funding round, with proceeds aimed at accelerating the commercial deployment of its low-cost and low-carbon solution to replace cement in concrete production. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of…
Nomura Asset Management announced the appointment of Nick Henderson sustainable investing veteran Nick Henderson as its new Head of Head of Global Sustainable Equities, and as Lead Portfolio Manager of its Global Sustainable Equity Strategy. Henderson joins Nomura with 17 years of experience working on Responsible Investment strategies, most recently serving as Director and Portfolio Manager at Columbia Threadneedle Investments,…
The government of India announced the launch of the Indian Carbon Market Portal, a new central platform for the implementation and administration of the Carbon Credit Trading Scheme (CCTS), handling registration, monitoring, reporting, and verification (MRV) of carbon emissions across all participating industries. Announcing the launch of the new platform, Union Power Minister Manohar Lal also revealed that formal carbon…
Guest post by: Amelia Zimmerman, Co-Founder at The Climate Hub Over the past several years, I have worked with dozens of climate technology companies on their messaging and positioning. This messaging is always an attempt to match where corporate sustainability strategies are headed: What are sustainability teams worried about this year? What are they talking about, planning for, getting budget…
European Commission President Ursula von der Leyen unveiled a series of commitments aimed at addressing rapidly rising energy costs and driving investment enabling the development of clean, domestic energy sources, including plans to introduce revisions to the EU Emissions Trading System within the next few days, and to launch a €30 billion decarbonization and cleantech fund, funded by the ETS….
France-based energy giant TotalEnergies announced today the launch of France’s first advanced plastics recycling plant, designed to convert hard-to-recycle household plastic waste into synthetic oil. The plant, located at the company’s Grandpuits site near Paris, has an annual processing capacity of 15,000 tons, and marks a key step in the transformation of the site into a zero-crude platform, according to…
A coalition of 24 U.S. states, alongside 15 cities and regions*, announced that they have filed a lawsuit in federal court, challenging the Trump administration’s repeal of the landmark 2009 Endangerment Finding underlying the U.S. government’s ability to regulate greenhouse gas (GHG) emissions from the automotive sector and underpinning GHG regulations across other carbon-intensive sectors. The challenge, led by the…
International banking group Standard Chartered announced the closing of a $435 million sustainability-linked loan with agri-business company COFCO International, with terms on the loan tied to the company’s performance towards climate adaptation and social goals in its agricultural supply chain. According to Standard Chartered, the new transaction marks the bank’s first social resilience themed sustainability linked loan, and one of…
Geothermal energy project developer Fervo Energy announced today that it has secured $421 million in financing to fund the construction costs of the first phase of its large-scale geothermal project in Utah. Founded in 2017, Houston, Texas-based Fervo Energy focuses on the development of enhanced geothermal systems (EGS) projects to deliver carbon-free energy. The company uses techniques such as horizontal…