Amazon announced it has signed a Power Purchase Agreement (PPA) with U.S. energy company Avangrid, which is part of the Iberdrola Group, to purchase electricity from a new solar project in Oregon. Avangrid has a long-standing presence in Oregon, dating back to its first project in 2001. Today, the company operates 2.5 GW of energy capacity across the state and…
Enhanced rock weathering (ERW)-focused carbon removal project developer UNDO announced that it has signed a new agreement with UK-based bank Barclays, to permanently remove more than 6,500 tonnes of CO2 from the atmosphere using an accelerated process using rocks and soil. The new deal marks Barclays’ first-ever carbon removal agreement, coming after the bank recently revealed that it has reduced…
The majority of EU-based businesses support retaining more substantial and broadly applied sustainability reporting and due diligence rules than envisioned under the European Commission’s Omnibus simplification proposals, including a lower threshold for companies covered by the regulations and mandatory transition plans, according to a new survey published by climate think tank E3G, and conducted by global research data and analytics…
Global investment manager Nuveen announced the acquisition of a majority stake in US-based commercial and industrial (C&I) energy solutions provider Ally Energy Solutions. The acquisition was made by Nuveen’s Private Equity Impact team, through the Nuveen Climate Inclusion Fund II (NCIF II). Nuveen’s Climate Inclusion strategy aims to address climate change and inequality by investing in businesses that drive an…
The Science Based Targets initiative (SBTi) announced the launch the SBTi Academy, a new learning platform aimed at equipping professionals with skills to set and deliver science-based climate targets. The launch of the new hub was announced alongside the introduction of a new certification process for “SBTi Certified Experts,” aimed at confirming a skill level to help businesses to navigate…
Microsoft announced an investment in green cement manufacturer Fortera, alongside an agreement securing rights to procure low-carbon cement from the company, forming part of the tech giant’s efforts to advance technologies to address the carbon footprint of its datacenters, as well as to help advance the sustainable materials market. Cement production is a significant contributor to global greenhouse gas emissions,…