Lawmakers in the European Parliament voted 402 – 250 on Wednesday to delay and simplify the EU Deforestation Regulation (EUDR), a new law aimed at ensuring that products imported to or exported from EU markets no longer contribute to deforestation and forest degradation globally, and to review the impact of the law early next year for potential further simplification, even…
AI-powered grid resilience platform Overstory announced that it has raised $43 million in a Series B round, with the new capital aimed at supporting the development of its AI-based risk models to help utilities prevent wildfires. Founded in 2018, Amsterdam-based Overstory’s platform uses high-resolution satellite data and AI to enable utilities to optimize vegetation management, to help prevent wildfires and reduce…
U.S. Senator Ted Cruz announced on Wednesday the introduction of the Stop TSP ESG Act, a bill proposing legislation to prevent asset managers for federal employee retirement funds from exercising voting rights, in order to ensure that they don’t use “taxpayer dollars to push Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) policies.” The U.S.’ Thrift Savings…
Climate startup Reverion announced a series of offtake agreements facilitated by carbon removal buyer coalition Frontier, to capture and permanently store carbon from biogas, using Reverion’s fuel cell technology. Under the new agreements, Frontier buyers including Google, McKinsey, H&M and others will pay Reverion $41 million to remove 96,000 tons of CO2 between 2027 and 2030. Founded in 2022 as…
Energy giant Shell announced today a new 10-year corporate power purchase agreement (PPA) with Ferrari, with Shell to provide the iconic Italian sports car manufacturer with 650 GWh of renewable energy, supporting the decarbonization of its Maranello plant, which includes its main manufacturing facility and corporate headquarters. As part of the agreement, Shell said that it will also provide additional…
Climate solutions-focused investment business Just Climate announced that it has raised $375 million to date for its Natural Climate Solutions strategy, aimed at directing capital to businesses focused on natural climate solutions to transforming the way land is used, to help achieve global net zero and nature goals, while also delivering attractive returns. The announcement marks a significant increase in…
By: Frederic Godemel, EVP Energy Management, Schneider Electric When it comes to energy, terms like ‘frugal’ or ‘efficiency’ can be perceived as ‘going without’ or suggest having to make do with less. The reality is the opposite. Efficiency often improves our experience. In a world where energy demand is rising, becoming more volatile and costly, and climate pressures remain ever-present, efficiency offers more potential than ever. It’s no longer…